That would mean you have a 1.8 million bucks holding of Tesla ?
Sorry cms, but got to correct you there. Jimmy rapist claims (messages #139, #145 and #150 here) that he made $456,000 profit on Tesla shares on 24 October.
On 23 October 2024, TSLA stock closed at $213.65. On 24 October TSLA stock closed at $260.48. So the difference was $46.83, i.e. $46.83 profit per share.
If we divide the rapist's claimed $456,000 profit by $46.83, we get the number of shares he'd have needed to hold: $456,000 (total profit) / $46.83 (profit per share) ≈ 9,737.35 shares. Let's call it 9,737.
At the 23 October 2024 closing price 9,737 shares would be $213.65 x 9,737 = $2,079,067.05.
At the 24 October 2024 closing price 9,737 shares would be $260.48 x 9,737 = $2,536,929.76.
All those shares but he lives in a shack worth $70,878 which was given to him by his mommy on 09/01/1977.
But jimmy's so thick that he can't even do maths as simple as the above, and he claimed his holding was
No, closer to 1.6 million.
LOL, what moron!
even more if you consider tax.
Amazing how often the stock market mystics here don't consider tax, isn't it. The Michigan mystic claims he once held a $2.5 million position in Tesla that earned him $456,000 profit in one day, but the reality is that he doesn't even know what tax bracket such a person would be in.
By contrast, those of us who actually do invest know precisely how much tax we pay. And we also know how to reduce that amount, for example by making tax deductible contributions to IKZEs and by doing the first 27,000zl of post-IKZE investing in IKEs so as to avoid the Belka.