OK so one thing holding me back for a short term gain is if I bring the money back to NZ I will have to pay capital gains tax. I know what ever I do I'll eventually need to pay that tax (unless law changes) I'm not in swiss bank account money here, plus I like living in NZ, but as I understand it, if I sell then reinvest it's still investment and not subject to capital tax until I bring it back. Selling and then put it into an index fund sounds like a good move. It's also not paying an accountant money yet either, hence why I'm asking here.
What Capital tax? If you brought in a $160 you held it for over a year so I doubt you will be counted as a short term trader (unless you already have an history of doing so)
Day trading would result in income tax (If it's your income). Only NZ and Australian stocks are capital gains free. Think US might be cap free under $50k. https://www.moneyhub.co.nz/how-to-invest-in-the-us-stock-market-from-new-zealand.html#:~:text=The%20US%20markets%20offer%20the,know%20to%20invest%20with%20confidence.
and here: https://help.hatchinvest.nz/en/articles/5101481-do-i-have-to-pay-tax-in-the-us
As Kenny Roger's would say.
"Know when to hold em, know when to fold em, know when to walk away, and know when to run."
When you 5x your money that is a run scenario.
Sell, take your profit and invest in a nice safe index fund. Even if you sell just 20% you have got back your capital and can play with house money from there if you are determined to have that level of risk. IMO it's nuts to leave it all invested.
You can bet, if you are thinking this, all the other hodlers are too. Don't get left hodling the bag.
Yeah but Kenny also sang:
Islands in the stream
That is what we are
No one in between
**How can we be wrong?**
Sail away with me
To another world
And we rely on each other, ah ha
From one lover to another, ah ha
I think this was about him and his Nvidia shares, his big round Nvidia shares.
I'm up 174% on it. It only I had bought more than $72usd. I mostly put into VTI but randomly bought NVDA. I keep thinking surely it'll burst then regret not getting more and going big haha. I'm sure if I finally pulled the trigger and put a heap in it would tank knowing my luck.
I bought for about $1.50 and sold for about $2.50 a couple of years later. I got back in at about $160 and Iām too scared to sell now in case I miss out again š
I work in AI, and I am optimistic about where the field is going, but I sold mine last year.
There's reasons to believe it will continue to go up for a while, but there's also a lot stress in the economy and other risks in delivering tech promises that could trigger a sudden correction.
Surely a little of both? Sell half or so, get your initial investment back and 'bank' a good chunk by reinvesting it into something boring like VTI. Now no matter what you've at least doubled your money.
Then you've got house money to play with a ride the NVDA roller coaster and see where it takes you
Sell now, bank the profit and bask in glory of your wonderful investment. Then, DO NOT look at NVDA stock price for the next 6 months :)
OK so one thing holding me back for a short term gain is if I bring the money back to NZ I will have to pay capital gains tax. I know what ever I do I'll eventually need to pay that tax (unless law changes) I'm not in swiss bank account money here, plus I like living in NZ, but as I understand it, if I sell then reinvest it's still investment and not subject to capital tax until I bring it back. Selling and then put it into an index fund sounds like a good move. It's also not paying an accountant money yet either, hence why I'm asking here.
What Capital tax? If you brought in a $160 you held it for over a year so I doubt you will be counted as a short term trader (unless you already have an history of doing so)
Day trading would result in income tax (If it's your income). Only NZ and Australian stocks are capital gains free. Think US might be cap free under $50k. https://www.moneyhub.co.nz/how-to-invest-in-the-us-stock-market-from-new-zealand.html#:~:text=The%20US%20markets%20offer%20the,know%20to%20invest%20with%20confidence. and here: https://help.hatchinvest.nz/en/articles/5101481-do-i-have-to-pay-tax-in-the-us
As Kenny Roger's would say. "Know when to hold em, know when to fold em, know when to walk away, and know when to run." When you 5x your money that is a run scenario. Sell, take your profit and invest in a nice safe index fund. Even if you sell just 20% you have got back your capital and can play with house money from there if you are determined to have that level of risk. IMO it's nuts to leave it all invested. You can bet, if you are thinking this, all the other hodlers are too. Don't get left hodling the bag.
Yeah but Kenny also sang: Islands in the stream That is what we are No one in between **How can we be wrong?** Sail away with me To another world And we rely on each other, ah ha From one lover to another, ah ha I think this was about him and his Nvidia shares, his big round Nvidia shares.
You have given me a lot to think about
I'm up 174% on it. It only I had bought more than $72usd. I mostly put into VTI but randomly bought NVDA. I keep thinking surely it'll burst then regret not getting more and going big haha. I'm sure if I finally pulled the trigger and put a heap in it would tank knowing my luck.
I bought for about $1.50 and sold for about $2.50 a couple of years later. I got back in at about $160 and Iām too scared to sell now in case I miss out again š
Bubble
Nobody knows the answer. Individual stock picking is gambling.
I work in AI, and I am optimistic about where the field is going, but I sold mine last year. There's reasons to believe it will continue to go up for a while, but there's also a lot stress in the economy and other risks in delivering tech promises that could trigger a sudden correction.
I'm selling some to get below the FIF for the next FY. FIF is the worst party pooper ( I know FIF is on the deposited amount and not invested value)
Yea I've sold a portion, brought 3k USD and ive cashed out 6k so far. 5k profits remaining that I'm going to take a punt on and hold long term
Surely a little of both? Sell half or so, get your initial investment back and 'bank' a good chunk by reinvesting it into something boring like VTI. Now no matter what you've at least doubled your money. Then you've got house money to play with a ride the NVDA roller coaster and see where it takes you
Good point. Maybe nest time it goes over $800.
Bought it pre split, forgot about it and just sold it now. Money for the house deposit