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Update: IRS successfully launches their own free Direct File - now ALL of my fellow 'murcans are eligible for 2025(sh.itjust.works)

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School_Lunch@lemmy.world
47 points

I don’t know much about investing, but i wonder if it would it be a good time to short those companies?

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nova_ad_vitum@lemmy.ca
115 points

If you don’t know much about investing then you shouldn’t short anything ever. People who know about investing will tell you that even when your logic is 100 percent sound, the market isn’t that predictable and in general the market can stay irrational longer than you can stay solvent.

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Lifter@discuss.tchncs.de
28 points

Plus, the news of this would already be priced into the stock, so if anything the price is already low and these companies would need to pivot their business (which would increase the value again) or die (which would lower the price marginally, to zero). Either way, shorting is a bad strategy in this case.

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Rubanski@lemm.ee
9 points

Isn’t shorting theoretically able to put you in infinite debt?

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bamboo@lemm.ee
18 points

Theoretically, yes. A short is sorta a negative stock. When you hold a normal stock, the price can never go below zero. But when you hold a negative stock, there’s no maximum value that stock could rise to.

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barsquid@lemmy.world
6 points

I think you would be margin called and just have astronomical but not infinite debt.

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Wirlocke@lemmy.blahaj.zone
2 points

I feel like shorting will always be riskier than normal investing. With stocks you have people at the company doing their best to raise that stock. With Shorts you are betting against a company that’s trying to survive.

The chances of the CEO pulling something out of their ass, dubious or not, to maintain their profits is too high.

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Num10ck@lemmy.world
48 points

it wouldve been earlier, but now this is priced into the stocks already.

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Scroll Responsibly@lemmy.sdf.org
9 points
*

If you get investing returns (like from shorting those companies)… you’re ironically not eligible to use the IRS direct file pilot (or at least for this year).

Edit: this isn’t to knock direct file… which is good and cool (and should be expanded to have more features)

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barsquid@lemmy.world
4 points

It is already priced in. Our human speed reactions are far too slow when the news has this obvious of a consequence.

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FiniteBanjo@lemmy.today
2 points

Those companies actually helped develop this, see “free file alliance membership” for details. It includes 17 private companies such as Intuit, H&R Block, TaxSlayer, Tax$simple, etc.

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