Buying stocks to pay for WDW vacation...

[nelson84]

Does anyone else do this? I buy stocks and hope that they go up to pay for my disney vacations. GOOD NEWS!!! I made more than enough to pay for my 17 day WDW vacation. I bought Las Vegas Sands(LVS) last year for $1.80. Now it has climbed to $23.43. I am staying in 3 different condos: vacation village at parkway, orange lake and the liki tiki. In this economy it sure is nice to actually make money and treat the family to some disney fun.

 

[Bdawg]

Congrats on the successful stocks! Do you buy/sell your own stocks online or go through a broker?

 

[dis-happy]

Sounds good except for the tax implications on short term holdings?????

 

[HeyIt'sMe]

No I haven't ... and I don't plan to either.

 

[wdwfan16]

I invest for my future and I save for my vacations.

 

[StitchandPooh'sMom]

Glad it worked out for you. I remember your thread from last fall when you were trying to save money. Now you will have enough to tip your servers, and you won't have to hop the fence by Space Mountain or use a french fry container for drinks.

 

[barbarabini]

I did it last year and the year before. Last year, I did it based upon a special dividend that was announced, that pretty much covered our air for the 4 of us plus tickets. The year before, I chose another stock that covered the same. However, unless you really have a handle on what you are buying and a clear strategy for selling -- i would not attempt it.

The LVS return mentioned in the 1st post is HIGHLY unusual, and you need to factor in that you needed B**** of steel to hang on last year to an investment that started at around a dollar and went to to 23.

Also, those special dividends have been revisited on my taxes this year. but all in all, it did work for me. But it certainly has the potential of not working. If you can't afford to lose it, then I wouldn't try it for something a superfluous as a vacation.

 

[DisneyAndRedSox]

Glad it worked out for you. I remember your thread from last fall when you were trying to save money. Now you will have enough to tip your servers, and you won't have to hop the fence by Space Mountain or use a french fry container for drinks.

I have only been very active on here for less than a year and even I remember some of the old threads!

 

[2TxAgs]

We took our first trip to WDW in Dec. 2000. That same month, I received my end of year info on some of my Janus funds. I noticed that one of the funds I didn't own went up 80% that year. Holy cow! I'd just discovered a way to pay for another trip. My logic was that even if the fund ONLY returned 30% the following year, I could just about pay for my trip with that........

Fast forward a year - I'd put $10k into the fund and it went down almost 40%.

Lesson learned - invest for the long haul, and this years winner might be next years dud.

So no, I do not invest in the market to fund next years vacation..... I DO invest in the market, and in a good year, I may pull some $$ out to help pay for a trip, but I no longer invest hoping for a quickie great return.

TxAg

 

[3boymthr]

I wouldn't since the capital gains tax would negate most savings.

For example, if you are in a 28% tax bracket and live in a state with 5% income tax, for each share of stock you purchased last year you are going to pay $7.14 in taxes. For 100 shares that's $714

And if you are like me with income on the edge of a higher tax bracket, that little bit of money you made could throw you into a higher tax bracket.

There goes your vacation.

 

[crashbb]

I also wouldn't want to have to sit through three timeshare presentations. All the places you list appear to be time shares.

BTW - how did your other great vacation go? The one with the cruise, car, and condo for $1 (or something like that). Actually, if I recall, you had two such trips.

 

[Buckeye Princess]

We believe in long term investing so we tend to hold on to our stocks for at least 5 years.

 

[wdwfan16]

I also wouldn't want to have to sit through three timeshare presentations. All the places you list appear to be time shares.

BTW - how did your other great vacation go? The one with the cruise, car, and condo for $1 (or something like that). Actually, if I recall, you had two such trips.

I guess the OP did not buy enought stock since with that 1200% return the OP still has to do timeshare presentations to afford a vacation.

 

[eliza61]

I invest for my future and I save for my vacations.

I purchase stocks for the long run. Vacations at disney are a luxury that I save for.

 

[MickeyDisneyFan]

We took our first trip to WDW in Dec. 2000. That same month, I received my end of year info on some of my Janus funds. I noticed that one of the funds I didn't own went up 80% that year. Holy cow! I'd just discovered a way to pay for another trip. My logic was that even if the fund ONLY returned 30% the following year, I could just about pay for my trip with that........

Fast forward a year - I'd put $10k into the fund and it went down almost 40%.

Lesson learned - invest for the long haul, and this years winner might be next years dud.

So no, I do not invest in the market to fund next years vacation..... I DO invest in the market, and in a good year, I may pull some $$ out to help pay for a trip, but I no longer invest hoping for a quickie great return.

TxAg

Just an FYI, NEVER base buying a fund on the end of year results, look 5 years at a minimum. The fund managers that operate those funds do what is called "window dressing" they buy hot stocks at the end of quarter and end of the year so the performance looks better than they really are.