Stock Market is the bottom in?

[Howboutthemdawgs]

I still can't understand why they didn't take control of the strait from the very beginning. Why let Iran blockade it in the first place?

I don’t know what control looks like. With medium range missiles and an assload of cheap drones how do you ever effectively control that area

 

[KY wild]

I don’t know what control looks like. With medium range missiles and an assload of cheap drones how do you ever effectively control that area

I agree they are not trying to stop our military, that has fortified ships and defense weapons. All they have to do is to blow up or simply put a hole in a oil tanker and straight is closed. Many types of weapons from every direction could cause an oil tanker to fail. I see Iran being successful bringing one tanker down and then the rest will not risk it. Private companies delivering oil has not shown the stomach for the threat.

 

[Telemark]

I don’t know what control looks like. With medium range missiles and an assload of cheap drones how do you ever effectively control that area

Destroy the missiles, and give tankers a Navy escort with CIWS?

 

[Howboutthemdawgs]

I agree they are not trying to stop our military, that has fortified ships and defense weapons. All they have to do is to blow up or simply put a hole in an oil tanker and straight is closed. Many types of weapons from every direction could cause an oil tanker to fail. I see Iran being successful bringing one tanker down and then the rest will not risk it. Private companies delivering oil has not shown the stomach for the threat.

Asymmetric/drone warfare has become the great equalizer. I have followed the Ukraine Russia deal a decent bit. Drones have singlehandedly allowed Ukraine to essentially create a stalemate in what should be a lopsided victory. To put it mildly they are a deadly pain in the ass. Relentless, cheap, effective and getting better daily. Iran, which already had an advanced drone program, could easily fire drones from hundreds of miles away and cause chaos in the strait.
I’m so far from a military historian or strategist that I’m closer to being a brain surgeon, but I wonder if philosophy will have to change to “win” a war going forward. Wars back in the day seemed to be bent on total destruction. Start with military targets and work your way into civilian until someone in charge cries uncle. And then it went more precision strikes to minimize civilian casualties and cost. That was when countries relied on conventional weapons to fight. I wonder because of the seemingly endless supply of unmanned artillery if the only way to bring someone to their knees is total destruction of a country. I hope not but I don’t know how you win these days. We have destroyed their conventional military by all objective measures yet here they still are, believing they have the upper hand. Maybe taking out infrastructure is the next step, idk. It’s right to worry about the civilians and the resulting attitude after. But Germany and Japan sure took a beating and quickly understood the lesson.

 

[Native Hunter]

Asymmetric/drone warfare has become the great equalizer. I have followed the Ukraine Russia deal a decent bit. Drones have singlehandedly allowed Ukraine to essentially create a stalemate in what should be a lopsided victory. To put it mildly they are a deadly pain in the ass. Relentless, cheap, effective and getting better daily. Iran, which already had an advanced drone program, could easily fire drones from hundreds of miles away and cause chaos in the strait.
I’m so far from a military historian or strategist that I’m closer to being a brain surgeon, but I wonder if philosophy will have to change to “win” a war going forward. Wars back in the day seemed to be bent on total destruction. Start with military targets and work your way into civilian until someone in charge cries uncle. And then it went more precision strikes to minimize civilian casualties and cost. That was when countries relied on conventional weapons to fight. I wonder because of the seemingly endless supply of unmanned artillery if the only way to bring someone to their knees is total destruction of a country. I hope not but I don’t know how you win these days. We have destroyed their conventional military by all objective measures yet here they still are, believing they have the upper hand. Maybe taking out infrastructure is the next step, idk. It’s right to worry about the civilians and the resulting attitude after. But Germany and Japan sure took a beating and quickly understood the lesson.

The next evolution of war after drones will be what was taking place in Episode 23, Season 1 of the Original Star Trek. It was called "A Taste of Armageddon." In this story, two planets wage a war entirely by computer simulation, but the “casualties” are required to report to disintegration chambers to be killed as if the attacks were real. It was a lot cleaner than real war and saved a lot of money from everything getting blown to pieces.

 

[Howboutthemdawgs]

Oil up 8% tonight. Stocks down 500.

 

[PatinPA]

Currently figuring out how much I owe in taxes for all the money I made in the stock market last year. Which I've subsequently lost all of this year.

 

[jsasker007]

Currently figuring out how much I owe in taxes for all the money I made in the stock market last year. Which I've subsequently lost all of this year.

Are you still holding stocks that went down in value or did you sell for less than you paid? You don't lose if you don't sell. Either way it feels like a loss but one of those options has a chance to come back. jmo

 

[Bowsnbucks]

^ ^ ^ As jsasker said above, if you didn't actually sell the investment, it's only a paper loss. Long-term advice from professional money managers is to stay-the-course, ride the waves. This strategy depends on stable, trustworthy global markets. Wars & global instability don't help either of those scenarios. Many heavy-hitters in the financial world say they're looking for extended market choppiness for several years out.

 

[PatinPA]

Are you still holding stocks that went down in value or did you sell for less than you paid? You don't lose if you don't sell. Either way it feels like a loss but one of those options has a chance to come back. jmo

No I still own them. They're just all down. Just painful to pay taxes on profit you no longer have. Hopefully it's only short term though.

 

[jsasker007]

No I still own them. They're just all down. Just painful to pay taxes on profit you no longer have. Hopefully it's only short term though.

I hear ya. Almost a guarantee they go back up as soon as you hit the sell button. The government has it down to a science on how to screw over anyone who shows any profit for any reason. I do much better if I don't think about how much better off I would be if the government didn't steal 1/3 of all money that I've shown on paper. CASH is king, at least they don't get any of that. Could be retired by now easily if it wasn't for the government. Now I feel a very strong urge to drink more than I should after work.

 

[Brian662]

You guys ever take advantage of tax loss harvesting to balance out some gains?

I haven't done it yet because the majority of my funds are in tax sheltered but as my brokerage grows, I'll be starting to do it more often.

 

[jsasker007]

As far as I know a person can only "deduct" a total of 3k in losses per year. Better than a poke in the eye with a sharp stick but not too helpful unless there's more that can be claimed somehow?

 

[Brian662]

As far as I know a person can only "deduct" a total of 3k in losses per year. Better than a poke in the eye with a sharp stick but not too helpful unless there's more that can be claimed somehow?

As I understand it you can offset all capital gains in the same year and use up to $3,000 to offset ordinary income. Everything else in excess can be used in future year's gains or income.

Seems like a pretty powerful tax avoidance tool, I just haven't done it yet as my brokerage is still building.

 

[bwoods11]

S&P up 1% despite all the fear mongering!

 

[PatinPA]

As I understand it you can offset all capital gains in the same year and use up to $3,000 to offset ordinary income. Everything else in excess can be used in future year's gains or income.

Seems like a pretty powerful tax avoidance tool, I just haven't done it yet as my brokerage is still building.

To do that you just sell what you have at a loss? Most of what I have that is losing, I feel has a chance to improve. I thought about selling off a few things at a loss to balance out future earnings.

 

[Foggy47]

You guys ever take advantage of tax loss harvesting to balance out some gains?

I haven't done it yet because the majority of my funds are in tax sheltered but as my brokerage grows, I'll be starting to do it more often.

Mutual funds are going to be a bit different than owning individual issues of stocks. Owning mutual funds....will have you paying taxes on the grains (or the ability to take a loss) each year. You do not have the ability to "get out" of paying capital gains each year....as the fund will do that for you. However, you could sell the fund and take a loss and report that.

Stocks are different. You can offset gains with losses (if you have them) and hold stocks with gains without realizing those gains until you sell the stock(s).

It's generally thought that if you have a large enough portfolio that you are better to hold off the taxes by owning individual stocks over funds....but that is up for debate. I have done both.....and you can get forced into some odd holdings if you try to avoid the tax man for too long.....IMO.

I have lots more to say on this topic....but it could become a book. Alas.

 

[somich]

Don't the Saudis have an east/west pipeline that could relieve the pressure of crude ships traversing the Persian Gulf?

Seems that would relieve pressure.

 

[Brian662]

To do that you just sell what you have at a loss? Most of what I have that is losing, I feel has a chance to improve. I thought about selling off a few things at a loss to balance out future earnings.

I guess the trick is that you sell off in a downturn and buy something similar in the same sector in an effort to get the similar returns when the market bounces back.

Example - liberation day and the days following, market is down ~15% and you own some Home Depot stock, you sell it and realize the loss and buy back Lowes stock (should see similar returns, very similar stores) so you didn't change your position much but realized a 15% loss and are able to use that to offset other gains.

I listened to a podcast about it, people are doing direct indexing and utilizing the tax loss harvesting available by those investments.

There are limitations on how quickly you can buy back Home Depot stock (in the example above) after realizing the loss.

 

[Brian662]

Don't the Saudis have an east/west pipeline that could relieve the pressure of crude ships traversing the Persian Gulf?

Seems that would relieve pressure.

I read a report before the cease fire that one of their pipelines had been hit, not sure where of what areas it served.