/biz/ - Business & Finance

>>28520689
for real? what so my nio 3k to 15k that I havent sold will be taxfree?

>>28520699
me bro, got them 2.50 april calls, up 100%

>>23034414
>have like 14k in normal trade account
>lets just imagine for a second
>I'm holding a stock 6,390 shares of a stock at .47 average
>lets say something get approved and this medicine is suddenly very helpful in preventing covid deaths. Trials are already going well.
>lets say it goes to 20? $127,800
>lets say it goes to 100? $639,000
>What do I do?

It may be a dream but, there is a non-zero chance. Do I sell half at a certain point and pay short term capital gains tax then let the rest ride after 20?

If it goes to 100 or higher do I just hold for over a year? I wouldn't know what to do with that much money and I should probably talk to my parents accountant.

this is all of course, probably not going to happen.