Two Friends Buy Tesla Stock - Watch What Happens

Two Friends Buy Tesla Stock at the same time. But one sells it a month earlier 🤯
Short term vs Long Term capital gains taxes on stocks explained.
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#shorts

[@humphrey]

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[@gabriellat.6735]

Amazing. “HOW TO GET RICH, DO THIS”

[@gabriellat.6735]

The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

[@gabriellat.6735]

I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon.

[@gabriellat.6735]

Get to her

[@gabriellat.6735]

*Advisor Elizabeth Greena*

[@yung1448]

l’m amazed to partake on this, lt has rekindled the fire to my goals.

[@davenonya7863]

If you don’t make an annual of $75k a year. Your stocks cannot be taxed

[@averyyeen]

This exactly, I ain't filing shit LMAO

[@Llaucha]

In Australia is between 80k or 85k if I am not wrong, but maybe not many people know about this... I think maybe yours is USA.

[@mauritsbuskens6595]

@@Llaucha asd ain’t worth shit tho

[@aryangupta1993]

@@mauritsbuskens6595 aud*

[@WillfulMirror8]

Thats only on long term gains, short term (less than a year) is still taxed

[@Johnny-adamser]

This is a very common mistake that I’ve seen with people using Robin Hood and playing Wolf of Wall Street.

[@purplemediaindependent3897]

It’s called day trading

[@randomautonomousdronepilot3384]

@@purplemediaindependent3897 It's also called people with no money who think they're stock brokers.

[@santiagoespinosa1229]

@@randomautonomousdronepilot3384 you can have money and still be ignorant as to how to trade

[@Joma1890]

Robinghood get that shit out of here

[@professionalfangster1510]

@@Joma1890 What do you recommend?

[@purplemediaindependent3897]

Legend says stocks can also go down lol.

[@slavenrasic2173]

We don't live in communism, stonks only go up √

[@professionalfangster1510]

This is hypothetical.

[@raztox3050]

But they can also go back up with time 😈🥵

[@CONTINUUM2]

@@slavenrasic2173 sure, look al the market cap of $wish... Only goes down

[@slavenrasic2173]

@@CONTINUUM2 Isn't wish Chinese?

[@humphrey]

If you're interested in long-form content of Personal Finance, Investing, and more - subscribe to my channel and join our 260k+ community of others that do :)

[@adamwhite202]

Seem like government don't want you to become Rich

[@chochoy270]

Don't follow this man

[@mattiarubio3240]

This is the only good advice I’ve heard from this or other finance related channel

[@sonnylam5357]

The guy that sold his stock came out ahead 🤣

[@simonhaas6480]

I like how this videos are shown All over the world, where these law's just count for Canada? I guess

[@BryanInvest]

The first mistake there was selling Tesla stock in the first place :)

[@kinglouie5]

If you don’t sell it how will you make $

[@nataza11]

@@kinglouie5 there's two ways of earning money through stock market, one is investing and one is trading, trading is buying stock and sell it when you've made profit. Whilst investing means that you don't sell your stocks, and eventually the company will give you some cash every month for being loyal, aka investing

[@sivkrish4888]

@@nataza11 like dividend?

[@ko-Daegu]

@@nataza11 wait never knew there’s a difference thanks how do you take a full course into these things

[@MysticalKO]

@@sivkrish4888 yep

[@sequelz]

I definitely understand what you are talking about in the video.

[@Martcapt]

2023, you're down 50% lmao

[@Palak07798]

Learning a lot! Please keep making these shorts👍

[@mjmf1430]

In Singapore we don’t have any tax on stocks gains, capital gains or dividends.😊

[@cruzcustio7472]

Its 50% in Australia if you sell within a year. I'd take 33% anytime

[@issqsskatingclips9108]

Australia sounds like it has worse taxes then America, but I hope it's for a good reason and not towards corrupt politicians

[@lol._.1450]

And having to put of with dangerous animals? No way.

[@orcasarentwhales]

@@issqsskatingclips9108 they need it to put it towards banning airsoft obviously 🙄

[@issqsskatingclips9108]

@@orcasarentwhales whats wrong with airsoft

[@orcasarentwhales]

@@issqsskatingclips9108 nothing wrong with airsoft, I love airsoft, was being sarcastic because Australia wasted money banning things like it

[@idunno...2179]

Hmmmm, I definitely understand taxes and what they are talking about.

[@Scottf573]

Basically government stealing your money and then wasting it on useless programs

[@zackarycompton5932]

Username checks out

[@LorZordTV]

Ikr and I’m 12😂🤣😂

[@sasori5367]

@@LorZordTV ok?

[@ko-Daegu]

@@Scottf573 so you are telling me putting 2 billion on a submarine cruise missile only to cancel it 6 years later is a waste ?

[@garchomp4027]

The guy who sold it is the one who said to keep for a year

[@DanFrederiksen]

If he sold at 1200 then you got your diamond hands crushed. It's 660 now.

[@jetstreamsam421]

I am 10 but Thanks for teaching me that! The sooner the better

[@ronal8824]

haha I wish I could buy shares but the dentist took all the money I could manage to save up

[@obnazamypolskichguruinwest9066]

In my country there is 19% tax rate regardless how long you hold.

[@mikayla6416]

It’s different in Canada though isn’t it? I thought time doesn’t matter in Canada?

[@joeyyy771]

Now Tesla is worthless 😂

[@sinceremaintain]

Good advice

[@billyjones589]

I'm learning alot from these shorts, keep making them. Thumps up and subscribed.

[@likaboss7654]

Do not take financial advice from shorts, this one happens to be correct depending on your capital gains tax bracket

[@stan254]

Doesn't this vary from state to state and doesnt it also vary heavily on how much your profits were?

[@durellgrisebaum8342]

This video addresses the federal level, and it really has more to do with how much you make generally rather than on a particular sale. Long term capital gains maxes at about 20%, while short term mirrors your normal earned income tax rates.

[@purplemediaindependent3897]

This is assuming stocks don’t ever fall and only stays up.

[@FuXioN_7777]

Hey How is Joshep Joestar doing

[@seolahkim1448]

This was funny and useful. Haha

[@PrinceRoyceFan667]

Like Tesla's overinflated stock price is gonna go higher next year.

[@Ohyeaaaaaaah]

In Germany 100% tax free if you hold over a year. But our other taxes are waaaaay to high so it evens out hahaha

[@lasersoldier2346]

Literally nobody declares it when they sell shares lmao

[@KA-vs7nl]

Never paying. Come and get me government, some families will be very sad if you do.

[@theod0r]

@@KA-vs7nl how so? you think they'll raid your home? They'll just impound your assets. No drama.

[@conniehayes4957]

Now that I think about it I remember being 1 month old. I must be transcending.

[@tk-rm3ro]

Here is a smart thing my history teacher taught us that will be especially useful with what might happen soon. The best time to buy shares is during a crash because the prices drop crazily while everyone hurries to sell their shares but once the stock market fixes itself again if you invested properly you can gain tons from it

[@Michiru00]

Yeah, the problem with that is that if you don't properly study fundamental and technical analysis you wouldn't be able to predict when the drop will stop or predict when they will actually correct

[@conniehayes4957]

At the rate things are going we’re going to have much more time to think about it all

[@flszen]

My HSA investment account feels like such a cheat code.

[@BLVCKSUITE]

Allot of people don’t understand investing in stocks and being share holders. They think you get rich over night. You won’t and they don’t. Thanks for this video!

[@xidropkillzx3246]

0-15% it’s 0% if you make less than 30,000 or 70,000 I THINK

[@Jeff-wm3qn]

Less than 40k 10 percent if it's under 413k

[@dourix3708]

This hero teaching us how to evade taxes

[@X11CHASE]

Avoid, not evade; big difference. One is illegal, one isn’t.

[@titiswijayanti3568]

Different countries, different regulations

[@xXStickArmsXx]

Your taxed at your tax bracket. It's not necessary 37%

[@tdurden9532]

These people are to stupid to look that up

[@bby31]

Does this apply to Canadian investors investing in the TSX?

[@aurum1010]

Saw this on Instagram first lol. nice video man!

[@johnwick860]

better option is to borrow money from the bank before you sell your shares... you also know this too

[@johnwaters7847]

If people learn how the tax system works, more people would be millionaires.

[@imagesinla8575]

Great video!

[@saulojeda5826]

This isn’t 100% accurate

[@delphine9962]

Does this apply in Germany too?

[@Apemania69]

In Switzerland you pay NO TAXES when holding more then 1year God i love that

[@xzr6838]

You should also use a Roth IRAthingy I think

[@wyattwilliams2457]

My uncle invested in both tesla, and apple, apple in 2002, and Tesla in 2010

[@shawnreyes7758]

I DID NOT KNOW THAT !!!!! I sold my Amazon stocks and paid THOUSANDS in taxes ! 😤

[@gauravkandpal1101]

In India we pay 15% tax for short term gain and 10% for Long term i.e, more than 1 year

[@purplemediaindependent3897]

So if Tsla drops 10% in a year then it’s better to sell early lol.

[@UdayBhatia]

@@purplemediaindependent3897 taxes are on gains so there will be no tax in that case

[@gauravkandpal1101]

@@purplemediaindependent3897 no.... If you gains after selling it

[@Bangpaulxu]

Great short

[@catangel3984]

Ok I'm trying to understand, but what do you mean by "10 shares", what does shares mean

[@kidsdomath1330]

This is a vid about stocks…?

[@ManuelJnr-fd5vv]

•When transacting in Ghana on shares. The bigger the transaction, the lesser the charges.

[@danujus77]

On no 2000 USD only, I can't buy my island.

[@supanerdreviews4056]

What are some indicators that certain stocks will have a good year

[@gavin_dabrieo5292]

And if you put it in a roth ira and keep it till 55 and 1/2 years old, you dont pay any taxes

[@thingsknown7099]

How do I buy shares? In a personal account that I can sell when I want?

[@iliketoast7804]

We need to get rid of taxes istg.

[@jackstamford9937]

Imagine getting taxed on that

[@shawnm6628]

Is this the same as Canada

[@aGj2fiebP3ekso7wQpnd1Lhd]

Or if you make enough to hit AMT that doesn't matter and you hit a much higher tax rate.

[@ryangrg4222]

I have no idea how this fully works as everything is done through Irrevocable trusts, and I have to wait until I am 35 to gain control, or another condition passes.

[@Excalibur2]

Lucky, if only we could all be born to riches.

[@joylovesfortnite]

i love how they are wearing the same shirt a year later

[@Simon11354]

He did not wait year

[@HaxV0]

Did they just not talk to each other for a year?

[@PNS84]

Oh hey old friend

[@theatomic430]

Yeah try 20% even after a year for high earners.

[@broughttoideas]

Subbed

[@ZacklFair]

Not in every country.

[@mikedrop4421]

Haha, he actually made money on Tesla stock.. You Mr diamond hands are taking a bloodbath right now huh?

[@PrinceYadav-jg3dx]

In our India when you sell stocks under 12 month then you paid 15% tax in profit and above 1 year then tax rate only 10%

[@AltcoinD..]

Thanks

[@xoxjelloxox]

Is this applicable in canada

[@hafsatitan4667]

I absolutely love your account

[@willbrebner7575]

No capital gains tax on the asx

[@saifsalomy7507]

Do not forget the State tax 😢

[@Billionaireben]

Move to PR so you don't have those pesky taxes.

[@jordanthomson8675]

Are you Canadian finance channel or American

[@privatemasterminds3649]

"Is that bad?" after being f'ed in the a by the govt...

[@arnav4328]

Dude how are they both wearing the some shirt after a year

[@renegade7032]

People say it's a bad idea to keep it in until it does gain value, but why?

[@derekss80]

33% tax on 3k gain?

[@matthiasheymann]

15% is only Federal tax. There is state tax as well

[@actiniumanarchy9237]

What tax rate you dealing with where they take a third of your money lol

[@kaisy2340]

Afterall it would have been interested to know for how much the first guy sold them....

[@savire.ergheiz]

We only have final tax here on sold stock gain ☺ which way lower than income taxes.

[@KA-vs7nl]

Lol you pay taxes?

[@savire.ergheiz]

@@KA-vs7nl Its automatically cut so yes everyone will pay it like it or not 😁

[@christianne.]

You are great

[@IMBLESSED-oe6dl]

Zero tax if use roth ira

[@reesespuffs2544]

You should’ve invested in a Roth IRA so that you didn’t even have to pay tax.

[@raztox3050]

Hey! Isn’t Roth IRA retirement fund?

[@Vevxo]

@@raztox3050 yeah

[@kasharaspivey967]

Facts!

[@MoliminousTheater]

i mean this is partly true but like others pointed out unless you're making big bucks it won't actually tax you.

[@pavankumard5276]

Totally worth following this account

[@RealGrandFail]

Short term is 33%?

[@JustinUnderscore]

I lost $600 on stocks. The irs said i owed them $23k in taxes.

[@wiffmastermase]

Ahem. If you're unemployed, you can make $26,000 in capital gains TAX FREE. If you own a business, 30% of your expenses to pad that $26,000. If you live in Canada

[@Sky_god1]

This video doesn't show what happened in 2024. Your friend lucked out because he sold early.

[@conniehayes4957]

I remember when I was a little girl thinking it would be more fun to be a boy. Girls are more structured. Boys get to play sports and spend more time outdoors

[@junliang7965]

15%+state

[@Bitachon]

It's hard to hold stocks for a year haha

[@askahnfoffinho2494]

in germany u have to pay 25% no matter how long you hold the shares

[@johnnygustafsson6945]

I doubt. In sweden we pay 0.35 in taxes on stock

[@sandin123]

Does any country in EU have this problem?