The AMC Stock Discussion Thread

[MeachTheMonster]

I had to wait since post-market last night and my 5 share order only just went through

Depending on how you set it up. It was probably just waiting on market open at 9:30.

You have to specifically enable after hours trading if your broker allows it

 

[pawdalaw]

 

[MaxBundles]

Just got the word my 5 shares went through. Just 5 but good enough for me if what y’all are saying is correct

How high is the ceiling where you think you're gonna make bank off 5 shares? Not clowning cause I only have 6, just generally curious

 

[IsThatBrothaMouzone?]

Stupid question time, please don’t kill me. Is there a way to prepay the gains taxes like you do on your paychecks so it won’t bite you in the ass come tax return time?

I don't think so......but there are brehs that definitely know more than me about that. Hard to know your tax burden ahead of time unless you sell and then don't make any other moves the rest of the year. We don't know how long this AMC thing will last.

 

[MostReal]

This 100%.

If breh makes a total profit of $5, the IRS won't be looking for you.

If AMC does what we are expecting and people cash out.....you definitely want to account for that on your taxes. Probably OK if it's under $1,000. Every $1k you go up.....the more you gotta consider including the capital gains on your taxes.

The brehs in here with 300, 500 or 1000+ shares of AMC definitely need to get ready for a nice tax bill.

As an example, I used an online calculator that assumed I made $2.2 million off AMC + DOGE. Input my annual income from work and the tax bill was about $513k.

I'm in TX though so it could be a bit higher for other folks.

Someone earlier said put about 30% of the profits away for taxes. That's a great idea tbh.

Preciate the info

 

[-deleted-]

How high is the ceiling where you think you're gonna make bank off 5 shares? Not clowning cause I only have 6, just generally curious

10K and I’m good. I can hold for more

 

[K-Deini]

Stupid question time, please don’t kill me. Is there a way to prepay the gains taxes like you do on your paychecks so it won’t bite you in the ass come tax return time?

Not like paychecks but you can pay them early. Quarterly taxes are a thing for people who make large sums and you just give them a check after the 3 months of gainz are settled and calculated.

 

[K-Deini]

Bought 10 more gme. Looking to buy 10 more for a total of 50.

 

[the cool]

This 100%.

If breh makes a total profit of $5, the IRS won't be looking for you.

If AMC does what we are expecting and people cash out.....you definitely want to account for that on your taxes. Probably OK if it's under $1,000. Every $1k you go up.....the more you gotta consider including the capital gains on your taxes.

The brehs in here with 300, 500 or 1000+ shares of AMC definitely need to get ready for a nice tax bill.

As an example, I used an online calculator that assumed I made $2.2 million off AMC + DOGE. Input my annual income from work and the tax bill was about $513k.

I'm in TX though so it could be a bit higher for other folks.

Someone earlier said put about 30% of the profits away for taxes. That's a great idea tbh.

im in texas too whats the best site to buy AMC???


should i use robin hood?

 

[humminbird]

All you people plotting on this money just to spend it on cars

Gonna fukk around and be rich for 6 months with that mindset of a peasant

don't worry
a house is definitely my first purchase
more stocks second
then the car

 

[Payday23]

This is so true.

They pulled that with Doge as well

 

[jerzboy]

im in texas too whats the best site to buy AMC???


should i use robin hood?

Fidelity

 

[CoryMack]

How high is the ceiling where you think you're gonna make bank off 5 shares? Not clowning cause I only have 6, just generally curious

If it only does a g a share that’s 5 and 6 grand to get in on something else.

 

[CoryMack]

im in texas too whats the best site to buy AMC???


should i use robin hood?

if you have Wells Fargo they have brokerage accounts. Check your own financial institution first.

 

[Leavingtheecstasy]

The squeeze might be starting breh were over 40