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Hi, did anybody ever experience wrong tax calculations by JPMC Payroll/tax team ? Or is there any specific month where they deduct more tax. Huge amount of tax deduction is done for Oct payout. From my CA’s calculation the amount deducted by JPMC team looks wrong. Anybody experienced this?
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Can’t help you with that but I can relate. I’m an index guy. I preach not to time the market but when it started going up in March, I held on to the excess cash I had. Then almost jumped in 1st week of April but did not.
At least I did not sell my shares. Back when I started investing 10 years ago, I used to sell significant amount of portfolio every time the market started pulling back a bit (call it ptsd from 2008 crisis) and ended up selling closer to the bottom a couple times only to realize they were short pullbacks in a decade long bill market. Lol. You live and learn.
It is important that we develop investment commandments and stick to them. Still learning... The market humbles you.
Thanks. That's a great perspective: the market humbles you. I'll continue learning and work on my strategy. And I know I shouldn't try to time the market, but I can't help feeling dumb when I don't listen to my intuition. I'm sure my intuition has served me, but in this case, it simply wasn't meant to be.
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I think the key is to learn and move on. The longer you kick yourself for a mistake, the higher chance you are missing the next potential opportunity. Invest with your gut with small amounts first and continue to test out your strategy. I’ve been swing trading with 2-3 very volatile stocks and found that there’s a general price range that the stocks are always inside of. Whenever it gets to the lower end, I buy. Whenever it gets to the high end, I sell. I’ve been doing this since early April and cumulated about ~11% return on roughly 20% of my portfolio. That’s the extent of my risk appetite for swing trading and the rest are in index. I see it as a nice cherry on the top as my index is rising steadily
Do you buys and sell the stocks or trade options?
Good call out. I only buy and sell stocks. Wayyy too much of a novice to trade options.
DITTO I kicked myself in the bought also! Glad I’m not in this one alone.