Stupid Oil

[dxkj]

I was given 112 shares of XOM stock when they were 35 a share.... I almost sold when Xom hit $64 a share, but then I thought of the tax implications and said, meh I will hold onto it

Now its at $54 a share again, byebye $1120 dollars 🙂

 

[huesmann]

You still got 6 grand worth of stock you didn't have before.

 

[dxkj]

Originally posted by: huesmann
You still got 6 grand worth of stock you didn't have before.

Yeah, and 2000 more than I had when I first got it 🙂

 

[iversonyin]

isn't tax on capital gain like 20%?

 

[Drekce]

you are still way ahead. You don't gain or lose money with stocks until you sell. You cannot think about it the way you are.

 

[DingDingDao]

It's all floating anyways. Hold on to it until it moves back up again (which it will), or let it go.

My mom/dad have about 100,000 shares of XOM (combined 55 years w/Mobil with employee stock purchase program + options). If they thought the way you did, they'd have ulcers all the time. 😛

 

[dxkj]

Originally posted by: DingDingDao
It's all floating anyways. Hold on to it until it moves back up again (which it will), or let it go.

My mom/dad have about 100,000 shares of XOM (combined 55 years w/Mobil with employee stock purchase program + options). If they thought the way you did, they'd have ulcers all the time. 😛

Lol, I only thought about it that way because I was considering selling them, and I didnt, plus will be purchasing a house soon 🙂