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Hobo Clown
Oct 16, 2012

Here it is, Baby.
Your killer track.




Is "doge" pronounced like the first syllable of dojo or does it rhyme with rogue

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Lawrence Gilchrist
Mar 31, 2010

I have heard British and American men pronounce it d-oh'j

gary oldmans diary
Sep 26, 2005
the doge in dogecoin is just stylized dog

Brother Tadger
Feb 15, 2012

I'm accidentally a suicide bomber!

Yea, but is it pronounced doge or doge?

gary oldmans diary
Sep 26, 2005
i just want to hear hobo clown say the word rogue out loud. rogue being the word we all know rhymes with frog

Hobo Clown posted:

Is "doge" pronounced like the first syllable of dojo or does it rhyme with rogue

MAYO FETISH
Feb 15, 2016
its pronounced similarly to gif

Lord Decimus Barnacle
Jun 25, 2005


Hell Gem
Jesus Christ all this time I thought it was supposed to be “doggie”

MAYO FETISH
Feb 15, 2016
you buffoon you absolute tinhead

Woden
May 6, 2006

Dear Watson posted:

Jesus Christ all this time I thought it was supposed to be “doggie”

Sadge

Hobo Clown
Oct 16, 2012

Here it is, Baby.
Your killer track.




gary oldmans diary posted:

i just want to hear hobo clown say the word rogue out loud. rogue being the word we all know rhymes with frog

If it rhymed with frog it would be spelled dog, you lunkhead!

Bronze Fonz
Feb 14, 2019




Rog.

Klyith
Aug 3, 2007

GBS Pledge Week
dɔːdʒe is like "dodge" minus the d

(the middle d not the first d)

MarcusSA
Sep 23, 2007

Hopefully all these WSB people enjoy their hosed up taxes on these stocks they are gonna sell!

quote:

How do taxes work on stocks?
Generally speaking, if you held your shares for one year or less, then profits from the sale will be taxed as short-term capital gains. If you held your shares for longer than one year before selling them, the profits will be taxed at the lower long-term capital gains rate.

Both short-term and long-term capital gains tax rates are determined by your overall taxable income. Your short-term capital gains are taxed at the same rate as your marginal tax rate (tax bracket). You can get an idea of what your tax bracket might be from the IRS for 2020 or 2021.

For the 2020 tax year (i.e., the taxes most individuals will file by April 2021), long-term capital gains rates are either 0%, 15%, or 20%. Unlike in past years, the break points for these levels don't correspond exactly to the breaks between tax brackets:

quote:

What is the short-term gains tax rate in 2020?
The current capital gains tax rates for 2020 are 0, 15, or 20 percent on any assets held for more than a year. Those that are short term (held for a year or less) fall into the income tax brackets of 10, 12, 22, 24, 32, 35, or 37 percent.

feelix
Nov 27, 2016
THE ONLY EXERCISE I AM UNFAMILIAR WITH IS EXERCISING MY ABILITY TO MAKE A POST PEOPLE WANT TO READ

MarcusSA posted:

Hopefully all these WSB people enjoy their hosed up taxes on these stocks they are gonna sell!

Nobody is paying 37% unless they made a shitload of money (from trading or in general). Short-term capital gains are taxed the same way as regular income, 37% is just the highest federal income tax bracket.

Haulin Oates
Nov 11, 2020

by Jeffrey of YOSPOS

GABA ghoul posted:

Lol, imagine if all that money was donated to the DSA and used to actually gently caress with billionaires. There could have been something good happening ... lol

Lol imagine believing this

MarcusSA
Sep 23, 2007

feelix posted:

Nobody is paying 37% unless they made a shitload of money (from trading or in general). Short-term capital gains are taxed the same way as regular income, 37% is just the highest federal income tax bracket.

Ok well it’s still taxed higher vs if they had held onto it for a year

Bright Bart
Apr 27, 2020

False. There is only one electron and it has never stopped
While very jealous it is really cool that so many people essentially secured their financial futures if they don't do anymore dumb investing. There will be like what an extra hundred thousand millionaires in the US because of this?

Bright Bart
Apr 27, 2020

False. There is only one electron and it has never stopped

MarcusSA posted:

Ok well it’s still taxed higher vs if they had held onto it for a year

Not sure of the legal definition but with the lower taxes accounts in Canada I've seen the firms say you should not use it for day trading or short term bets. Otherwise the Government doesn't like that.

Raskolnikov2089
Nov 3, 2006

Schizzy to the matic

Bright Bart posted:

While very jealous it is really cool that so many people essentially secured their financial futures if they don't do anymore dumb investing. There will be like what an extra hundred thousand millionaires in the US because of this?

You're right, if there's anything gambling addicts know how to do, it's to quit when they're ahead.

Haulin Oates
Nov 11, 2020

by Jeffrey of YOSPOS

Bright Bart posted:

While very jealous it is really cool that so many people essentially secured their financial futures if they don't do anymore dumb investing. There will be like what an extra hundred thousand millionaires in the US because of this?

I highly doubt it's that many. These people are gambling, not investing, and a sizable number of them are willing to hold on to GME stock until it's actually worthless.

Meme Poker Party
Sep 1, 2006

by Azathoth

1redflag posted:

Yea, but is it pronounced doge or doge?

I pronounce it like the Doge of Venice.


Galewolf
Jan 9, 2007

The human gallbladder is indeed a puzzle!
That many millionaires came out of this? Like, hundreds of thousands people becoming millionaires sound less likely than maybe a hundred early YOLO-ers and the rest being millions of normies bandwagoned with small/medium savings.

Klyith
Aug 3, 2007

GBS Pledge Week
the vast majority of wallstreetbets people bought at $30-40 and so have made circa 10x their money. which is awesome but very few of them will now be millionaries, unless they already had millions. you don't throw 500k on a stock unless you're already doing pretty well.


the original guy who was behind the whole thing bought gamestop at $4 (a pretty good call regardless of how much it was shorted) did really well and is now a multi-millionaire, but most of the wallstreetbets people probably made in the 10-100k zone.


of course the other guy who bought at $4 is the billionaire who bought 9% of the company and got a seat on the board, which kicked off the rise from $4 to the mid-$20s.

Flowers for QAnon
May 20, 2019

MarcusSA posted:

Ok well it’s still taxed higher vs if they had held onto it for a year

Who cares? It’s not hard to click “import” on turbotax

Bright Bart
Apr 27, 2020

False. There is only one electron and it has never stopped

Haulin Oates posted:

I highly doubt it's that many. These people are gambling, not investing, and a sizable number of them are willing to hold on to GME stock until it's actually worthless.

I mean 13 million Robin Hood users and it was said the majority own some GME. Can't all of them have made millions but simply buying a few shares would put you in a nice position. Certainly there are more than a handful who made millions and on some scale this will represent new wealth in local communities as opposed to private islands.

Bright Bart
Apr 27, 2020

False. There is only one electron and it has never stopped

Klyith posted:

the vast majority of wallstreetbets people bought at $30-40 and so have made circa 10x their money. which is awesome but very few of them will now be millionaries, unless they already had millions. you don't throw 500k on a stock unless you're already doing pretty well.


the original guy who was behind the whole thing bought gamestop at $4 (a pretty good call regardless of how much it was shorted) did really well and is now a multi-millionaire, but most of the wallstreetbets people probably made in the 10-100k zone.


of course the other guy who bought at $4 is the billionaire who bought 9% of the company and got a seat on the board, which kicked off the rise from $4 to the mid-$20s.

I mean people are only posting their winnings if they did an impressive windfall but I think plenty of people bought a few thousand dollars worth. And it only took like 50k selling everything ea lse you hold at the start to make a million.

And a hundred thousand million is tiny compared to what came out of this even if funds got the majority.

Bright Bart fucked around with this message at 04:37 on Jan 31, 2021

ohnobugs
Feb 22, 2003


It's a nice idea, but people are still YOLOing in. It depends on where and when people bought in and where they sell. I think we're gonna see a lot of people with very minimal trading experience hold onto GME way too long and miss out on most of their profits.

Robo Reagan
Feb 12, 2012

by Fluffdaddy
https://www.youtube.com/watch?v=nhd0ppxRRlo

Klyith
Aug 3, 2007

GBS Pledge Week

Bright Bart posted:

I mean people are only posting their winnings if they did an impressive windfall but I think plenty of people bought a few thousand dollars worth. And it only took like 50k selling everything ea lse you hold at the start to make a million.

keep in mind that while owning 3000 shares of gamestop is currently worth a million bucks, they probably want to convert it to real money before anyone starts yelling "I'm rich I'm rich" like you're daffy duck

gamespot stock is not worth $300 in the long term

quote:

And a hundred thousand million is tiny compared to what came out of this even if funds got the majority.

gamespot only has 70m shares, a hundred thousand million (ie $100 billion) is four times more than the whole drat company is worth now.

you are getting caught up in internet hype if you think that everyone put together has made that much money

Robo Reagan
Feb 12, 2012

by Fluffdaddy
lol at trying to actually make money out of this instead of doing the economic equovalent of a suicide bomb

Stealthgerbil
Dec 16, 2004


its like goku doing a spirit bomb against freiza (melvin capital) and he needs us to throw our money into it so he can obliterate them with it.

KVeezy3
Aug 18, 2005

Airport Music for Black Folk

Klyith posted:

keep in mind that while owning 3000 shares of gamestop is currently worth a million bucks, they probably want to convert it to real money before anyone starts yelling "I'm rich I'm rich" like you're daffy duck

gamespot stock is not worth $300 in the long term


gamespot only has 70m shares, a hundred thousand million (ie $100 billion) is four times more than the whole drat company is worth now.

you are getting caught up in internet hype if you think that everyone put together has made that much money

I thought the entire point of this escapade was to establish that the stock price of a company can be completely detached from its 'real' worth.

Bright Bart
Apr 27, 2020

False. There is only one electron and it has never stopped

KVeezy3 posted:

I thought the entire point of this escapade was to establish that the stock price of a company can be completely detached from its 'real' worth.

Wait someone was doubting this?

Spikey Willow
Feb 26, 2008

https://twitter.com/RobinhoodApp/status/712708069369782272
Lol

GABA ghoul
Oct 29, 2011

Bright Bart posted:

I mean 13 million Robin Hood users and it was said the majority own some GME. Can't all of them have made millions but simply buying a few shares would put you in a nice position. Certainly there are more than a handful who made millions and on some scale this will represent new wealth in local communities as opposed to private islands.

yes, a pump and dump scheme definitely spreads wealth around and does not concentrate it. Absolutely.

KazigluBey
Oct 30, 2011

boner

people keep saying it's a "pump and dump" itt but I've not seen a single commentator who wasn't clearly in the CNBC biased set call it that.

the majority of people involved, the majority of memetic output from WSB, the majority if "why I'm doing this" posts all state pretty clearly that the people involved know they are probably gonna be wiped and aren't doing it necessarily for a profit.

but keep calling it a pump and dump if it makes you feel better, I guess. gotta own the people giving the middle finger to WS somehow, since putting out tepid articles linking them to the alt-right/nazis/etc... has failed spectacularly, and we need to defend the hurt feelings of the real victims here: billionaires.

satanic splash-back
Jan 28, 2009

Old people get their news from establishment sources and guess what? Goons are old.

Son of Rodney
Feb 22, 2006

ohmygodohmygodohmygod

It's not a pump and dump in the classical sense, it's also still a big gamble at this point in time. Its possible, if not super likely, that it will reach 1000 dollars. That's at most a 3 to 4 times return if you buy in now, compared to 25x two weeks ago. If it goes back down to where it started you will lose 9/10 of your investment.

As I've stated before, it's not worth it anymore. Putting your money on red at the casino is just as risky.

I do hope that the hedge funds will suffer heavily from this and I do see a shift in the market happening, with more retail investors communicating like this. This is good for bitcoin normal people.

Ewan
Sep 29, 2008

Ewan is tired of his reputation as a serious Simon. I'm more of a jokester than you people think. My real name isn't even Ewan, that was a joke it's actually MARTIN! LOL fooled you again, it really is Ewan! Look at that monkey with a big nose, Ewan is so random! XD

MarcusSA posted:

Hopefully all these WSB people enjoy their hosed up taxes on these stocks they are gonna sell!
50-200k of gains -37% tax is still more than 0 zero gains with 0 tax.

And most of the wsb people are pro tax anyway

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sweet thursday
Sep 16, 2012

Why even work at all? Your income is taxed anyway :smug:

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