# Stock questions (absolute noob here)
**URL:** https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124
**Category:** NYSpeed Off Topic
**Created:** [November 13, 2008, 4:12pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124 "2008-11-13T16:12:09Z")
**Posts on this page:** 11
**Page:** 2
### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [November 13, 2008, 8:15pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/21 "2008-11-13T20:15:19Z")
> [@jetlounge](#):
>
> Also you can deduct your losses during tax season…subject to limitations.
DO NOT THINK ABOUT THIS IN THIS WAY, EVER… Losses are losses. You lose that money. Don’t think you are getting some magic tax credit.
---
### Author:  [@SideWinderGX](https://forums.speedlife.net/u/SideWinderGX)
#### Post date: [November 13, 2008, 8:38pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/22 "2008-11-13T20:38:16Z")
Link to simulator? 😃 Never thought there was something like that on the internet.
---
### Author:  [@deebo](https://forums.speedlife.net/u/deebo)
#### Post date: [November 13, 2008, 8:40pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/23 "2008-11-13T20:40:40Z")
its actually pretty fun, ill see if i can find the one i used during school
edit: here it is [http://vse.marketwatch.com/Game/Homepage.aspx](http://vse.marketwatch.com/Game/Homepage.aspx)
---
### Author:  [@IWantaSupra](https://forums.speedlife.net/u/IWantaSupra)
#### Post date: [November 13, 2008, 9:51pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/24 "2008-11-13T21:51:43Z")
[STOCKTRAK.COM](http://STOCKTRAK.COM), i use this for my finance class
---
### Author:  [@jetlounge](https://forums.speedlife.net/u/jetlounge)
#### Post date: [November 14, 2008, 3:50am UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/25 "2008-11-14T03:50:15Z")
> [@walter](#):
>
> DO NOT THINK ABOUT THIS IN THIS WAY, EVER… Losses are losses. You lose that money. Don’t think you are getting some magic tax credit.
losses are losses…that’s pretty profound.
Never said it was magic. And never said it was a ‘credit’.
and yes, there are many times when losses would be advantageous…to offset other side income you might have to reduce your overall tax burden. Why do you think there is such sell off at year end??
---
### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [November 14, 2008, 5:47am UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/26 "2008-11-14T05:47:12Z")
> [@jetlounge](#):
>
> losses are losses…that’s pretty profound.
>
> Never said it was magic. And never said it was a ‘credit’.
>
> and yes, there are many times when losses would be advantageous…to offset other side income you might have to reduce your overall tax burden. Why do you think there is such sell off at year end??
:picard:
Lets lose 100% of my money so I can prevent paying 30% tax on that money.
:fail:
---
### Author:  [@eclipsed](https://forums.speedlife.net/u/eclipsed)
#### Post date: [November 14, 2008, 6:11am UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/27 "2008-11-14T06:11:53Z")
this is the same mentality that prevents people from selling when their investments when they have gained value because they have to pay taxes on the gain…
:bloated:
---
### Author:  [@JustinH](https://forums.speedlife.net/u/JustinH)
#### Post date: [November 14, 2008, 6:18am UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/28 "2008-11-14T06:18:31Z")
> [@Dr.Stevil](#):
>
> I assume that only applies to taxed money? Can you do that for a depreciated mutual fund (or part of a 401K plan)?
Not until you cash it in man…
---
### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [November 14, 2008, 6:21am UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/29 "2008-11-14T06:21:45Z")
If you are interested in learning, go spend quite a bit of time learning at [www.investopedia.com](http://www.investopedia.com) don’t take financial advice from idiots on the internet.
---
### Author:  [@dubbin91](https://forums.speedlife.net/u/dubbin91)
#### Post date: [November 14, 2008, 6:25am UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/30 "2008-11-14T06:25:11Z")
Tyler,
If you want to start investing, pick up a book, or read up on it on the internet from a good site. Also listen to Walter and get into a “play” investment site before you dump cash into the market on individual stocks.
If you just want to put your money somewhere to start saving for the future at the moment, put in into a Roth IRA
---
### Author:  [@jetlounge](https://forums.speedlife.net/u/jetlounge)
#### Post date: [November 14, 2008, 7:28am UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/31 "2008-11-14T07:28:37Z")
> [@walter](#):
>
> :picard:
>
> Lets lose 100% of my money so I can prevent paying 30% tax on that money.
>
> :fail:
not exactly what I said. But i get it. It makes you feel better.
[Previous page](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124.md?page=1)