Cybertruck Purchase Savings Progress

[flowerlandfilms]

After last night, almost have my front wheel well back. Also upgraded the green to Glow in the Dark.

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[flowerlandfilms]

Back up to a quarter!

Also added red Glow in the Dark material and shifted Sandy over so he's not hiding anymore.

 

[Cyberman]

What's the 93?

 

[flowerlandfilms]

What's the 93?

How many stock I have.

 

[charliemagpie]

If the PE ratio heads around 90, you will be there quicker than Flash Gordon.

Or wait. It will get there omo.

 

[Bill906]

I just grabbed a few more shares of Tesla, prepare for a dip...

Wow, dropped $6 already...

 

[flowerlandfilms]

Almost touched $200 last night.
Speaking of which, here is what it looks like glowing at night.

 

[flowerlandfilms]

In Australia, holding it for 12 months or longer means you only pay 50% of capital gains.
Seems reasonable to me.

 

[Ogre]

US Capital gains is only 20% I think.

I tend to keep most of my savings in tax protected accounts so it’s a little fiddlier.

 

[charliemagpie]

In Australia, holding it for 12 months or longer means you only pay 50% of capital gains.
Seems reasonable to me.

Good news for you,
50% if you sold within 12 months:

Tax is halved if sold over 12 months after purchase.


Also depends also on your income, expenses... etc. Speak to your accountant.

https://www.fool.com.au/investing-education/taxes-pay-shares/

Capital gains tax is levied at an investor’s marginal tax rate. A discount of 50% can be applied to capital gains if you have owned the investment for more than 12 months.

For example, if you made a $10,000 capital gain on the sale of shares you had held for more than a year, you would be taxed on a capital gain of $5,000 rather than $10,000. The difference can be significant. Suppose you had a marginal tax rate of 37% and sold the shares after 11 months. Your tax liability would be $3,700. If you, instead, sold the shares after 12 months, your tax liability would be $1,850.

 

[Crissa]

Ahh, yes, those rules that let unearned income get taxed at a lower rate than labor.

Anyhow, you still only get charged on the margin; if you're not already making alot of money, you won't pay much tax.

-Crissa

 

[flowerlandfilms]

Bit of a milestone, the orange might have gone backwards but hitting triple digits still feels good.

 

[rudedawg78]

I am a humble part-time Postman in a regional town.
My ability to afford the Cybertruck, is questionable.
But my Pre-Order is also quite far down the list, so there is hope.
I made this chart to keep track of my progress.
My savings are all held in Tesla Stock.
This is how much I have saved so far...

I actually opened up a savings account quite awhile ago just for the sole purpose of saving for the Cybertruck. I have $55K saved up, but would like to have at least $20K more, as I want to upgrade to the tri (or quad) motor when the config tool is released. I currently have a dual motor reserved. I have been doing random jobs here and there and pushing all the $$ to my CT savings account..

I love your chart!

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