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Are You An Investor Or A Speculator ? (Parts One & Two)
I guess I am some of all three types as referenced in the article as I have profits as determined by IRS guidelines classified as short term capital gains as well as some long term capital gains and other types of renumeration as well. Actually, special positions counted for about a third of the money I made in the market this past year. Here is the breakdown from analizing my 1099 on my taxable account. Interest Income 1% ... Ordinary Dividends 42% ... Qualified Dividends 17% ... Capital Gains, paid by mutual fund companies, 4% and Speculating &Trading Gains form Special Investment positions, which were driven by my own buy and sell activity, accounted for 36%.
So, I guess it pays to have been some of all three types ... an Investor, a Speculator and a Trader.
So with this I wish all ... "Good Investing, Speculating and Trading."
Comments
After reading the article ...
I guess I am some of all three types as referenced in the article as I have profits as determined by IRS guidelines classified as short term capital gains as well as some long term capital gains and other types of renumeration as well. Actually, special positions counted for about a third of the money I made in the market this past year. Here is the breakdown from analizing my 1099 on my taxable account. Interest Income 1% ... Ordinary Dividends 42% ... Qualified Dividends 17% ... Capital Gains, paid by mutual fund companies, 4% and Speculating &Trading Gains form Special Investment positions, which were driven by my own buy and sell activity, accounted for 36%.
So, I guess it pays to have been some of all three types ... an Investor, a Speculator and a Trader.
So with this I wish all ... "Good Investing, Speculating and Trading."
Skeeter