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Major Tom
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Pine Cone DeluxThe grift is proceeding to plan
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Boise GloryholeBack to earth with a thud
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SockpuppetAm I rich yet?
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.,Sockpuppet wrote:
Am I rich yet?
SPXC was the largest IPO in history. How would it ever 100x, 10x, or even 2x???
Do you realize how stupid this thinking is? Dude - bro - the unrealized future "potential" was already backed into the IPO.
This is not like buying into Apple when it was on the brink of bankruptcy - you bought at peak hype 
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Executive ChickenExplosive diarrhoea powered underground rockets in vacuum tubes!
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Sockpuppet., wrote:
SPXC was the largest IPO in history. How would it ever 100x, 10x, or even 2x???
Do you realize how stupid this thinking is? Dude - bro - the unrealized future "potential" was already backed into the IPO.
This is not like buying into Apple when it was on the brink of bankruptcy - you bought at peak hype
Had you bought Amazon during “peak hype” of the dot com days, you’d be wildly wealthy right now.
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If you buy an asset for $100,000 and sell it 10 years later for $163,000, you are taxed on a $63,000 long-term capital gain. But if the relevant index of inflation had run at 5% in each of those years, there was no gain at all in actual purchasing power: 1.05^10 = 1.628 The capital gains tax ignores the impact of inflation. Consequently, a portion of capital gains tax revenues, even though taxed at a lower rate than ordinary income, derives from phantom real gains.
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Heekeegay! 
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Spankywrote:
If you buy an asset for $100,000 and sell it 10 years later for $163,000, you are taxed on a $63,000 long-term capital gain. But if the relevant index of inflation had run at 5% in each of those years, there was no gain at all in actual purchasing power: 1.05^10 = 1.628 The capital gains tax ignores the impact of inflation. Consequently, a portion of capital gains tax revenues, even though taxed at a lower rate than ordinary income, derives from phantom real gains.
Correct.
The average real return on a lifelong consumer-held portfolio is barely above break-even.
Investing is for suckers.
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HeekeeSpanky wrote:
Correct.
The average real return on a lifelong consumer-held portfolio is barely above break-even.
Investing is for suckers.
yup, literally everything is a scam down to the jew tokens themselves 
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SamplesBoi401K is not taxed on a capital gain basis, only as ordinary income when withdrawn. So I would suggest putting as much into your 401K as possible.
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I’m over 60, I don’t pay tax.
Not where I live.
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