iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

It Was the Best of Times

Lock in whatever losses you can before the day is done, in order to offset capital gains. It’s stupid, frankly, to keep losses on the books, considering the amount of taxes you will have to pay for being successful in 2013.

Enjoy the New Year’s and try not to humiliate yourselves, drunken apes, vagabond miscreants.

Toast to a good year and an even better 2014. Thank you for your support, business, and keeping my many enemies at bay during 2013.

Just a reminder: due to supply/demand metrics, prices for all iBC premium products are set to rise by 20% at the stroke of midnight, tonight. Be sure to join prior to that, in order to relish and bathe in 2013’s miserly rates.

(tips hat)

Cheers.

 

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24 comments

  1. chief keef

    wow, nice boobs on that one, guvna.

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  2. danny1980

    So I have to pay more taxes are the money I already paid taxes on through my 9-5 Career. Being that I used that money to make more money. Makes sense…lol Ahh Government it thrives on mediocrity

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    • budh

      It’s like the house advantage at a casino. The gov’t gets part of your profits via income taxes.

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  3. clegger_2000

    Will we continue to raise the “Black Flags” in 2014?

    http://www.youtube.com/watch?v=p1SlcO0Fikc

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  4. j livermore

    Fitting to see BALT rising to the occassion on the last day of 2013. Cheers.

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  5. j livermore

    God bless Madison Montana.

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  6. chudly

    signed up for the PPT today! looking forward to giving it a run in 2014!

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  7. jules

    Happy New Year Fly! Thanks for all that you do. RIP Madison Montana.

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  8. it is showtime

    Rome in its last days. (Really can’t believe
    we are that stupid to fall for this) But we are.
    Greed will impart reality. You will anguish

    http://www.youtube.com/watch?v=WLNkIM7pcYE

    Bulls you had fun. We will be swarming soon,
    greet you with snarl, and of course, bringing
    wealth depletion and lots of impending doom

    http://www.youtube.com/watch?v=ruA5E3hy9DI

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  9. YOU WILL KNOW ME BY THE TRAIL OF BLOOD
    YOU WILL KNOW ME BY THE TRAIL OF BLOOD

    Auld Lang Syne:
    http://www.youtube.com/watch?v=acxnmaVTlZA

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  10. matt_bear

    Happy New Year sir Fly.

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  11. Research Donkey

    I thought with settlement time it was too late to sell losses today for 13 taxes?

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  12. lplongo

    Almost 3am. NJ native concluding a happily New Years Eve outside of London knowing great things await me in 2014: New OA subscriber and… newly engaged to the most amazing woman. Cheers, IBC. Let’s make 2014 a great one!

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  13. hesitation_marks

    Fly, I have always envied your nip tuck esquire avatar. And thank you for the kick to the face. I finally get it.

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  14. danny1980

    Fly;

    SA just did you a solid with this article release. BALT will probably blow the roof off tomorrow! Didn’t copy the whole article but here is a partial read:

    Current Price: $6.58

    Price Target (YE14): $12.50

    Baltic Trading Limited (NYSE: BALT) is a drybulk shipper with a fleet of fifteen ships. As has been well documented, the shipping industry has been in a state of disarray since 2009 as the market has worked off an excess supply of ships and weak demand for the transport of dry bulk goods.

    Dry bulk cargo typically consists of iron ore, wheat, and coal. Exports out of Australia and Brazil, usually on their way to China or India, are the most common voyage that drybulkers make. China has had an insatiable appetite for iron ore over the past two years, and low coal prices have allowed China and India to continue to fuel their growing economies on the cheap. Consequently, the various Baltic Dry Indices have risen substantially since the BDI itself put in its all-time low at 647 in February, 2012.

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  15. flyaway17

    Carpe Diem!
    Happy New Year to Fly and his awesome pros on ibankcoin.
    Also, a warmest Happy New Year to my partner, Mr. Partridge, who is the finest man I have never met (yet), going on five years.
    Today I am off to my flip project, tearing down plaster and lathe from a beautiful house built in 1865.

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