sell stock and put in mutual fund

I guess there is no way to sell my stock and role it into a mutual
fund. I am guessing I ill take a hit on the gain?

Re: sell stock and put in mutual fund

wrote:
> I guess there is no way to sell my stock and role it into a mutual
> fund. I am guessing I ill take a hit on the gain?

In a non tax advantaged account, yes.

Why would you want to do that?

Re: sell stock and put in mutual fund

Outright shares not first bought into a some sort of special provision
to run that type of conversion (if such exists) - I will guess, no.
You're selling stocks and not a house. But, I don't think like that.
When I don't know what I'm doing to have arrived in such a place - I
sell, regardless, out of a lost proposition, and chalk it up to another
damn learning consequence. But, when I do know - I simply win by
moving laterally, upwardly. There's no loss to me, whatsoever, when I
significantly* gain something over what is, if not less than, then
effectively nonexistant.

*Significance, def > market; what one lacks to simply churn.

wrote:
> I guess there is no way to sell my stock and role it into a mutual
> fund. I am guessing I ill take a hit on the gain?

Re: sell stock and put in mutual fund

Well. This is just a stock I have had for a long time. It is not making
or loosing me anything. I want to put it in one of my mutual funds. If
I sell it today, it would be at a profit. My question is.. Do I have to
pay a penelty( take a gain) on that profit if I sell the stock and put
all the money into my mutual fund?

Re: sell stock and put in mutual fund

<> wrote

> Well. This is just a stock I have had for a long time. It is not making
> or loosing me anything. I want to put it in one of my mutual funds. If
> I sell it today, it would be at a profit. My question is.. Do I have to
> pay a penelty( take a gain) on that profit if I sell the stock and put
> all the money into my mutual fund?


Yes.
Sell price - price paid = taxable gain.

If what you say above is true, "It is not making or loosing me anything"
then it shouldn't be much of a problem.

Re: sell stock and put in mutual fund

You don't take the real penalty until you're selling short term on
capital gains - 35%ST/18%LT. No problem there, either - money's money
in my book, so long as it accumulates in relatively large amounts.
Matter of methodology, more or less, though I've also one of those.
Yesteryear's darling, largely sold off, with only touch of faded
perfume lingering to remind me when I sniff and nudge it. I should
know better - to be mindful with them - it doesn't pay to be too
sentimental.

wrote:
> Well. This is just a stock I have had for a long time. It is not making
> or loosing me anything. I want to put it in one of my mutual funds. If
> I sell it today, it would be at a profit. My question is.. Do I have to
> pay a penelty( take a gain) on that profit if I sell the stock and put
> all the money into my mutual fund?

Re: sell stock and put in mutual fund

wrote:
> Well. This is just a stock I have had for a long time. It is not making
> or loosing me anything. I want to put it in one of my mutual funds.

You can't put a stock into a mutual fund. You mean sell the stock and
put the proceeds into a mutual fund.

> If
> I sell it today, it would be at a profit. My question is.. Do I have to
> pay a penelty( take a gain) on that profit if I sell the stock and put
> all the money into my mutual fund?

You'll have to pay tax on the gain (it's not called a penalty).

Re: sell stock and put in mutual fund

Flasherly wrote:
> Outright shares not first bought into a some sort of special provision
> to run that type of conversion (if such exists) - I will guess, no.
> You're selling stocks and not a house. But, I don't think like that.
> When I don't know what I'm doing to have arrived in such a place - I
> sell, regardless, out of a lost proposition, and chalk it up to another
> damn learning consequence. But, when I do know - I simply win by
> moving laterally, upwardly. There's no loss to me, whatsoever, when I
> significantly* gain something over what is, if not less than, then
> effectively nonexistant.
>
> *Significance, def > market; what one lacks to simply churn.

Can you translate the above paragraph into English please.

>
> wrote:
> > I guess there is no way to sell my stock and role it into a mutual
> > fund. I am guessing I ill take a hit on the gain?

Re: sell stock and put in mutual fund

Could stem from your initial response where you've misread him in the
first place, like I almost did - he's not proposing to roll the stocks
directly into a fund - he wants to roll the proceeds [hint: hit
logically consequences turnover]. Hope that helps, Pete, my man.

{than, then}

PeterL wrote:
> Flasherly wrote:
> > Outright shares not first bought into a some sort of special provision
> > to run that type of conversion (if such exists) - I will guess, no.
> > You're selling stocks and not a house. But, I don't think like that.
> > When I don't know what I'm doing to have arrived in such a place - I
> > sell, regardless, out of a lost proposition, and chalk it up to another
> > damn learning consequence. But, when I do know - I simply win by
> > moving laterally, upwardly. There's no loss to me, whatsoever, when I
> > significantly* gain something over what is, if not less than, then
> > effectively nonexistant.
> >
> > *Significance, def > market; what one lacks to simply churn.
>
> Can you translate the above paragraph into English please.
>
> >
> > wrote:
> > > I guess there is no way to sell my stock and role it into a mutual
> > > fund. I am guessing I ill take a hit on the gain?

Re: sell stock and put in mutual fund

"Flasherly" <> wrote in message
news:

> You don't take the real penalty until you're selling short term on
> capital gains - 35%ST/18%LT. No problem there, either - money's money
> in my book, so long as it accumulates in relatively large amounts.

Flash my old man used to say:

"The day I owe $1,000,000 in taxes, I'll be a happy man"

Think about it.

Re: sell stock and put in mutual fund

No need to think about - that's exactly the point and the first thing
that impressed me, before I took my first step towards investing, after
reading a general book on investment. Same thing in that book as your
dad said, basically - Don't sweat taxes when you're playing the calls
right and have something to show for it.

Gary C wrote:
> Flash my old man used to say:
>
> "The day I owe $1,000,000 in taxes, I'll be a happy man"
>
> Think about it.

Re: sell stock and put in mutual fund

I want to put it all in a mutual fund. So I am guessing there is no
such thing as a roleover. I am going to take a hit on the gains when I
sell it???

Bought stock at 2000. Now worth 3000. I want to put the 3000 in a
mutual fund. I will take a hit on the 1000 when I sell the stock.
Right??? Is there anyway to get around that gain if I put it all in a
mutual fund?

Re: sell stock and put in mutual fund

You'll pay standard 18% long-term IRS rates, all things else being
equal, for $180 on $820 proceeds. Yes - there may be a way to avoid
the capital gain taxes - but it's going to be *next* time around. Now
you pay. Next time, you'll need an account (401K/IRA?) with provisions
for what you're generally proposing. And someone with more knowledge
than I have about investment tax shelters. Maybe Pete, my man, can
help.

wrote:
> I want to put it all in a mutual fund. So I am guessing there is no
> such thing as a roleover. I am going to take a hit on the gains when I
> sell it???
>
> Bought stock at 2000. Now worth 3000. I want to put the 3000 in a
> mutual fund. I will take a hit on the 1000 when I sell the stock.
> Right??? Is there anyway to get around that gain if I put it all in a
> mutual fund?

Re: sell stock and put in mutual fund

<> wrote

>I want to put it all in a mutual fund. So I am guessing there is no
> such thing as a roleover. I am going to take a hit on the gains when I
> sell it???

YES!!!!!!

> Bought stock at 2000. Now worth 3000. I want to put the 3000 in a
> mutual fund. I will take a hit on the 1000 when I sell the stock.
> Right???

YES!!!!

Is there anyway to get around that gain if I put it all in a
> mutual fund?

NO!!!!

HOW MANY F'N TIMES DO YOU NEED TO BE TOLD. PAY YOUR F'N TAXES!!!!!

Re: sell stock and put in mutual fund

Sorry ED!!!! Everyone can't be as smart as you!!

Re: sell stock and put in mutual fund

<> wrote

> Sorry ED!!!! Everyone can't be as smart as you!!

That is so true.

Why can't you manage to absorb the simple concept of capital gains taxes
after being told by a number of people that you can't get out of it.

Maybe you don't believe us, if so, call an accountant and ask him. For free
you can go to the IRS website and research your question.

Re: sell stock and put in mutual fund

"> wrote in
news::

> I want to put it all in a mutual fund. So I am guessing there is no
> such thing as a roleover. I am going to take a hit on the gains when I
> sell it???
>
> Bought stock at 2000. Now worth 3000. I want to put the 3000 in a
> mutual fund. I will take a hit on the 1000 when I sell the stock.
> Right??? Is there anyway to get around that gain if I put it all in a
> mutual fund?
>

Sorry for the late reply.

If You are in a retirement account (such as a 401k or IRA's) taxes don't
apply (at least on the transaction)

If You are in a non-retirement account You will will be responsible for the
taxes on the gain in the year You sell. There isn't a security type
rollover for non-retirement accounts... even if You never really touch the
money.

Darren.