E-brokers--sell my stocks?

[Purge_WTF]

I have almost $120 K worth of Netflix stock stored up from my Employee Purchase Plan right now, and the stock is up almost 2.6 points. What do you say?

For those who've sold large amounts of stock before--how much did you/will I lose to taxes?

[DroppingPlates]

PM Alex for advice

[basil]

Cap gains tax.  Figure it out.  Not sure what the rate is in the US. 

[kh300]

I would like to know this as well. I have a bit of netflix stock and I hear they are expanding into other countres, so it might be a good idea to hang onto it.

[basil]

Cap gains tax.  Figure it out.  Not sure what the rate is in the US. 

...but it may be different with your EPP.  Some companies deduct the EPP sum pre-tax; if so you would have to pay tax on the total amount at time of sale.

[tbombz]

i think thats one to hold on to. 

their stocked dropped last year because they raised fees but since then i believe they dropped fees back down and stocks are on their way back up or already have came back up.

either way that market still has a huge amount of room for growth.

[El Diablo Blanco]

I have almost $120 K worth of Netflix stock stored up from my Employee Purchase Plan right now, and the stock is up almost 2.6 points. What do you say?

For those who've sold large amounts of stock before--how much did you/will I lose to taxes?

What was your average buy-in?  How long have you been holding it?  Slight drop in tax rate for long term help stocks (2+ years).

What is your plan with the money?  Some brokers when you sell ESPP have an option to have money withheld.  It tends to be more than what you'd pay on your own, but you won't owe any penalties for underaying your tax.

Second , Netflix is rolling out orignal programming and plan Arrested Development in 2013, that may attract more customers and the stock may go up, but if it doesn't attract new customers, who knows.

Here's the deal.  Determine your cost basis and calculate your potential profit.  Then sell maybe 1/3 fo the shares.  Never sell them all.  Here's what happens.  If the stock dips you can buy in with the cash a little lower to reduce your cost basis.  If the stock goes up, luckily you are still holding to some and will make more proit.  In about 6 months-1 years you can look at selling 1/3 of the remaining stock again, unless you are trending it and wait for another spike.
Typcially ESPP plans happen quarterly or twice a year so some of your holdings are dated before others.  So sell only the amount of the oldest group to try to get long term capital gains.

Plus $120k is not chump change.  Why not spend a couple hundred on a good tax person.

By the way.  You work at Netflix?  Hook a brother out with a free account.

[phil mcgroin]

depends when you got in if it was a few years ago youmake a shit load as it was $300 in aug.but got cut to about$ 75 in a few weeks now its back to $110 doutit will see $300 any time soon .hears one ;sprint, laugh now. you will cry within a year when it doubles ,at least.

[Grape Ape]

I have almost $120 K worth of Netflix stock stored up from my Employee Purchase Plan right now, and the stock is up almost 2.6 points. What do you say?

For those who've sold large amounts of stock before--how much did you/will I lose to taxes?

I would talk to a CFA and at least find out what they have for projections for this stock.  You'll also have to learn what tax implications apply to you.

Or, if you don't trust them, research the heck out of it.

[gmflex]

I have almost $120 K worth of Netflix stock stored up from my Employee Purchase Plan right now, and the stock is up almost 2.6 points. What do you say?

For those who've sold large amounts of stock before--how much did you/will I lose to taxes?

Its 15% on taxes...

So get ready.. $20,000 or so in taxes if you sell all of them