2D·

Profit-taking Irish / loss compensation Metaplanet

$IREN (-2.42%)
$3350 (-1.87%)

In order to also show my transactions openly, I have decided to realize 22% of my position $IREN (-2.42%) position and take some profits.

The capital gains tax of € 5917.88 really hurts 🤣

As I have promised my wife a watch and we will probably go on a boat trip over Christmas/New Year's Eve, I wanted to be a bit more liquid to be able to make the purchases and also to enjoy some of the profits. Just looking at rising prices is nice, but you can't buy anything from that 😂

At the same time, because my loss pot of 12k (realized taxed gains) was already pretty full and expires at the end of the year in Austria, I realized the book losses at $3350 (-1.87%) and at the same time built up a position again. (Cash still available for additional purchases)

Some people won't be interested, but I don't always want to just show my performance, announce purchases and then sweep the losses under the table ✌️

16.10

IRE

Sold x400 at €60.34

€24,136.00

810.94%

163

73 Comments

Thomas@Thomas_1963

2D

Everything done right.

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BamBamInvest@BamBamInvest

2D

@Thomas_1963 I rarely realize, it feels good and now I don't have any stress because I don't need capital in the short term ✌️

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Kate🦋@Iwamoto

2D

@BamBamInvest Would you generally secure the "critical" profits now and build up cash? For me that would be RocketLab, Nebius, Iren and possibly Xiaomi because of China. . . . . . . . . . . . . . . . . . . And what do you think about the Healthcare ETF, which you sold long ago, I still have one and am up 5%

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BamBamInvest@BamBamInvest

1D

@Iwamoto if you are investing for the long term and don't need cash, or don't need the capital in the short to medium term, I would let it run its course. I have a wife and 2 children, so you have to think a little differently 🤣 or think "a little" more sensibly, otherwise I would take more risk as a single person.

I would only take profits if a position becomes too big in proportion or you see a better investment opportunity.

Who knows what will happen over the next few months. But it also depends on how you deal with corrections of 30-50%, if it doesn't let you sleep, then get out.

I think Healthcare Etf is great, my mother, my stepmother etc 😂 , but for me it was only a cash position because I wanted more return and had too little in it, I got out, but I would also feel very comfortable there because of possible corrections. Healthcare usually performs quite well as a sector when tech and co corrects, and there are also some companies in there that have been heavily punished such as $NOVO B and $UNH. I think we will be much higher at $UNH next year after the premiums have been raised. We will also see more buying from hedge fund managers in the 13 f fillings.

I think health is currently in a good hedge and certainly not overvalued 😊 The midterms are also coming in the USA, and the states will have to do something in this area (health) in the elections Medicare/Medicaid is certainly an issue, but it won't be as easy as Trump imagines with the lobby and the votes.

So in short form my thoughts from my cell phone 😊✌️

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Rouven Braunsberg@wealth_navigator_nkrxg

22H

@Thomas_1963 I need a ticket for the all :Would like to fly with elon musk or Richard Branson :Pay with crypto

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der_Don@der_Don

2D

I think it's good that you are very transparent about profits and losses. Very few people do that here.

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BamBamInvest@BamBamInvest

2D

@der_Don Well, I'm here to learn too and there are probably a few people who copy what I do, even if nobody encourages them to do so and then it would be unfair to them if I didn't share my sales. That way no one can complain or wonder why something is no longer in the portfolio. 😊

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Wolle@HyperTrend

2D

Perfect investment and certainly a good decision to sell part of it. Continued success.

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BamBamInvest@BamBamInvest

2D

@HyperTrend danke 🙏

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Frank@schlimmschlimm

2D

Very good plan ;-) especially the part with your wife.

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BamBamInvest@BamBamInvest

2D

@schlimmschlimm this investment will probably bring me the most 😂

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Frank@schlimmschlimm

2D

@BamBamInvest A tenbagger, so to speak ;-)

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BamBamInvest@BamBamInvest

2D

@schlimmschlimm richtig 😁

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TradingHase@TradingHase

2D

I think it is also very important to see if and when others realize profits or losses, get out completely or add. 👍🏼
Have fun spending with the watchmaker 😉

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BamBamInvest@BamBamInvest

2D

@TradingHase danke 🙏 😂

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2D

You're doing everything right.

I'm also going to take some of my Iris stake out and use it to create starter portfolios for my children. I want to use them to teach them financial knowledge later on.

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BamBamInvest@BamBamInvest

2D

@Mangan excellent idea, my children already have the starting portfolio. MSCI World and EM IMI should be the core, but in the meantime $SOFI has overtaken the MSCI World Etf although in the monthly bespare 🤣 and $HIMS and $HIMS are already close behind. In 10 -15 years, both will hopefully have a good time, although it will remain under my control 😁 and various expenses will be financed from it. I want to pass on the knowledge to them if they are interested.

Ps: the richest man in Babylon is already ready for my older daughter and will be ready to read in. 2-3 years as reading material 👌

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2D

@BamBamInvest I had also thought of something like that. Financial knowledge and especially the handling of money are essential for later life. Something like this should actually be taught in a separate subject.

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BamBamInvest@BamBamInvest

1D

@Mangan yes, but unfortunately we are a long way from that; capitalism is not always seen in a positive light.

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BamBamInvest@BamBamInvest

1D

https://youtu.be/Z_TNyiQ4kd8?si=n50q_u2SPk9xwsZ9

@Danicx13 on this occasion ✌️
@Iwamoto
@Tenbagger2024

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Tenbagger2024@Tenbagger2024

1D

@BamBamInvest
Very interesting. It remains very exciting.
I think the small companies will be swallowed up.
But I don't understand why the Bitcoin price can benefit so little from these purchases

Furthermore, there is not so much hype about coinbase or Defi technology. Although both also operate treasury and are still profitable in their main business.
Why doesn't this resonate with investors?

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SathosiRuffy@SathosiRuffy

2D

Couldn't you avoid the capital gains tax of €5917.88 by using the loss pot of €12k?

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BamBamInvest@BamBamInvest

2D

@SathosiRuffy no because you can only realize 27.5 k of the losses . If I would have had minus 12 k then yes . But it is called loss pot and it says -12 k . If I had made losses of 12 k, I could have claimed the full 5917.88. Maybe that was a bit confusing.

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B. T.@Aktienhauptmeister

2D

Congratulations my dear, you are welcome ✌️

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BamBamInvest@BamBamInvest

2D

@Aktienhauptmeister You have to treat yourself sometimes 😊 Thank you! 🙏

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Chris@Multibagger

2D

I think it's great! But does that work in Austria with realizing losses and buying back immediately on the same day?

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BamBamInvest@BamBamInvest

2D

@Multibagger yes, that's exactly why I did it, I wanted to add, in Germany you have a deadline of 1 month ?

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BamBamInvest@BamBamInvest

2D

@Multibagger oh no, that's not the case in the USA, I don't think it is in Germany either, but you have FIFO and can take the loss account pot into the new year, we don't

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Chris@Multibagger

2D

@BamBamInvest I just don't think it works on the same day. At least Flatex recently adjusted the EK to the new rate.

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BamBamInvest@BamBamInvest

2D

@Multibagger ok exciting, but since I already have the statements, I don't think so, or I wouldn't have noticed it yet

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Dominik@JackillHyde

2D

@Multibagger With Smartbroker, one of my positions also went on the same day. There were a few hours in between.

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BamBamInvest@BamBamInvest

2D

@JackillHyde Yes, it shouldn't be, I didn't find anything while researching that there should be a regulation that prevents this.

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livkasmile@livkasmile

2D

@Multibagger I haven't found any regulation regarding "wash sale" in EU. If you have any, please share.

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Chris@Multibagger

2D

@livkasmile maybe it was just a system-side incorrect display at Flatex, because I just checked again. In the meantime the buyin has been corrected.

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1D

@Multibagger It was exactly the same for me, after a day it was right again

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BamBamInvest@BamBamInvest

1D

@Multibagger I think I have conjured up the sell off, nice that he was waiting for me 😂

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Tenbagger2024@Tenbagger2024

2D

But the little plant has grown quickly. You're a good gardener.

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BockaufDividenden@BockaufDividenden

2D

How nasty that the loss pot expires at the end of the year. Really anti-social

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Wolle@HyperTrend

2D

Best wishes to my home country too. I was born in Vorarlberg. 😁

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Harald@Madhatter5566

2D

As of today, metaplanet is rising

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1D

How do you always recognize such stocks so early?

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_Felix10_@_Felix10_

1D

Irish is just back at 56€ does it make sense to buy more?

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Simon_n@Simon_n

1D

I don't understand why you are all buying Metaplanet, what does the company do apart from holding bitcoins? They didn't even go up at the Bitcoin peak the other day?

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The W.@thewolfofallstreetz

1D

Thumbs up for transparency!

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TradingHase@TradingHase

1D

You had a good nose for it 👍🏼

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T.@Investorjunkie

23H

I've only just seen your post here. Then you really took profits at a good moment 😁

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Johannes@Johannes1993

21H

Strong man, you're welcome 💪👍

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