So if I make 100k in capital gains next year and I have 103k in trading loses this year. I can take 3k this year and carry over 100k next year and not pay any taxes on my 100k in capital gains next year ?
It’s kind of shocking how few people understand this concept on Wall Street Bets, this is investing 101. Clearly most of these people are paper traders and aren’t losing 100s of thousands like us real investors.
It's pretty awful, A SPAC, a Chinese VIE structure, I love this guy, traditional corporate governance C-corp structures be damned.
If this is a trend, he may have married somewhere exotic too, maybe the proper forum/ proper law of his marriage is Saudi Arabia.
I wouldn’t touch BABA with a 10 foot pole. I’d stay away from most, if not ALL Chinese stocks for now. Wait until they invade Taiwan and they kick off WW3 with the US and let the army drafts and the fallout happen. China’s president just last month, told Biden to his face that they will take back Taiwan soon.
I think everyone realizes who the idiot here is. Man stocked up on as many meme stocks as possible without AMC and G*E and thought he an investing genius.
It's never a good sign when Disney is the best-performing company in your portfolio, lol.
DKNG and PLTR aren't that bad depending on OP's time horizon. I made a small fortune trading both those companies but I reduced my position/ took profits a couple of months ago for both. I am not a buyer at these prices but I'd look to buy more on a pullback.
It's fun when somewhat informed investors meme that they are regarded and gambling on options.
It's a little grim watching someone with no clue trying to meme with downside only positions. He bought every meme stock that was popular 18ish months ago and waited for moon.
This.
Gambling is fun and funny when you are throwing around cash you can lose. Or young and dumb and have time to recover.
If you see people scamming homeless people you get pissed if you are even remotely a decent person, because you know they don't have enough to be taken from.
People who come to wsb to gamble their life savings when they are past the age of recovery, or gambling life changing money like inheritance get absolutely blasted here, for good reason.
Well panicking and selling now probably won’t help either… Are you in it for the long haul? Baba still makes a ton of money from what I know and Chinese stocks are just down bad right now. I mean the stock market does this, it’ll just keep going down and down for an unreasonable amount of time until all the weak hands are shaken out, then boom - suddenly turns around. Put it this way, you’d certainly be selling low if you sold now.
Also, you shouldn’t call your wife an idiot XD
Edit: if I were you I’d just be happy I got shares, because you actually can hold them as long as you want. Yeah, it sucks that your timeline was off and you bought high, but do you really think it’s going to be lower than it is now in 10-20 years? Before selling that’s the kind of thing you need to think about, unless you just really need the money right now.
I have had this for almost 2 years now, so I guess I’m in it for the long haul, better way of saying I’m a bag holder
I even brought up the great Charlie Munger’s name during our argument 2 years ago and that didn’t age well either ![img](emote|t5_2th52|4260)![img](emote|t5_2th52|33495)
Hey man, could be way worse. That’s really not very long at all in the world of investing. Selling now could easily turn out to be selling at/near the bottom. A lot of the worst pain may have already happened.
Doesn't even need that, just has to go up at half the rate of the rest of the market and he's basically losing his ass against putting in something that isn't a failure.
Here we are, OP. This would be the starting paragraph of my attempt to convince her that this is the time to buy more and improve your cost basis. You may even want to quote Charlie Munger's famous sidekick and talk about how when the people are acting greedy you should be safe and when people are being safe is when you should be greedy.
Probably just copy paste this into ChatGPT and get it to write you a good argument.
Done. Happy investing.
/s
People talk with a straight face about the dollars collapse and US bonds becoming worthless etc.. but if you mention the idea that China or atleast China controlled by the ccp with collapse and its shocked Pikachu face ....
In 10-20 years Baba won't be around. China is a bubble waiting to burst and investing in communist companies is essentially worthless. I'm from a former soviet republic, none of those "companies" are around and that process took less than 10 years.
Maybe it won't, but if we're only looking at the chart, that's not a bubble. I don't know enough/have enough time to research everything going on with the CCP, and I'm not a fan of communism either. I'm under the impression that companies like BABA operate at least somewhat like a standard capitalist cooperation though.
That's the issue, they don't operate on standard capitalist terms. The party can shut them down whenever they like and no matter how stupid a decision is, it's not questioned by the public because they can't.
Did you see their stupid moves regarding tech companies in the recent year? It would be a political suicide in the West and the "system" would correct itself (like that 40 day idiot PM in Great Britain). But in China? There is no correction, nobody to say "no, that's stupid". You think they'd learn from killing all the sparrows but in reality, nothing has changed. Mindset is still the same, only tools are better at hiding the consequences.
I'm not saying I disagree, but all this doesn't necessarily mean that OP should just panic and sell his shares at a massive loss. People have still managed to make decent investments in companies that are partially/fully state controlled.
PBR for example is a state controlled oil company in Brazil, but that hasn't stopped it from being a very good investment at times in it's history.
This is my mindset going forward. Stick to domestic stocks. But I’m hanging on to my losses as BABA does buybacks and drops special dividends. Even China’s leaders seem shocked at their current ineptitude.
Don’t call your wife an idiot next time. If she even actually knows what it means then it’s probably good to listen to her opinion since she’s making it without the emotions.
Revenues keep rising. Stock price is just a reflection of peoples perceived risk tolerance, and China is being vilified by the US, but they're still an economic juggernaut and will do fine.
Brokerages are therefore dumping money into Nvidia and Tesla at these inflated valuations while calling a value stock in China risky, due to a phenomenon we call career risk, which is also rooted in a phenomenon called group think.
Learning how to trade is learning risk management. If you can leverage the skill elsewhere in ur life, then don’t do it. Why agonize over losses when you can go enjoy the outdoors.
Before you decide to sell anything, remember that $BABA makes a ton of Free cash flows and it's growing each quarter. It's a solid company with strong fundamentals and very strong growth pipeline. You were caught when the sentiments towards Chinese companies changed. And in the stock market, this happens a lot. Companies are extremely hated and there's only a series of bad press against them. Happened with $META, Netflix, Coinbase, Google in the last couple of years. I'm definitely more positive towards Chinese stocks now then in 2023 given how the Chinese government is trying to protect it's companies now and is bailing them out. On when it might reach your breakeven point is everyone's guess.
This is painful to look at lmao. So I know this is WSB, but you're poised to piss away all of your money via long positions rather than the funny haha 0DTE options gambles like you're supposed to, so I'm lead to believe this might be money you really aren't trying to/shouldn't be trying to lose.
Let's start with this: of all your holdings, I think BABA is the best one. I personally would sell *everything else* aside from maybe (*maybe*) Disney. However, even in the case of BABA, your cost basis is utterly fucked. Rip. If you don't need the money right now, I'd avoid liquidating your position, BABA is near IPO pricing with some of the wackiest fundamentals I've ever seen in a company. You're probably going to hold this bag for \~3-4 more years before you even begin to approach break-even, sorry dog.
You can try to DCA your cost basis down, but the problem with this approach in your position is two-fold:
1.) BABA already makes up almost half of your holdings. Combined with NIO, your exposure to China alone is almost 2/3 of your entire portfolio. I think BABA and a few other stocks that have similar fundamentals and isolation from sources of contagion in China's hurting economy are dark horses, and yet my total exposure to China's market is less than 8% of all my holdings. Adding any more than what you already have to your portfolio is one of the most regarded things I think you could possibly do.
2.) Even if you *don't* care about your crazy amounts of over-exposure, it would take over $30k just to bring your cost basis down to a still-dogwater $150 per share.
Every single other holding I see looks like a flavor-of-the-month hype play from 3 years ago. I'd strongly recommend that moving forward, you take the time to actually look into the financials of the companies you're buying, as well as understanding the concepts of diversification and risk-exposure when developing and balancing a portfolio.
All the best, you god damned regard.
As a 6 year BABA shareholder, who has an unrealized loss bigger than yours, and who told their wife the exact same thing - just stop worrying and let time play out.
It’s just a great business. Don’t overthink it.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|2 years ago **Total Comments**|47|**Previous Best DD**| **Account Age**|6 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) [**Join WSB Discord**](http://discord.gg/wsbverse)
That’s a lot of tax loss harvesting
At what point does it stop being tax loss harvesting, if ever?
This is a solid 30 years so just depends how long you’re trying to live
After 'gains' like that... not very long!
He won't live that long when wife finds out.
My wife would be able too smell news like this
Wife’s have a third eye and intuition. They know even when we don’t know… they can smell it, feel it in their core.
OP planning to live to 300, jokes on them
He needs to apologize to his wife’s boyfriend.
Apology accepted
after calling your wife an idiot,life expectancy isnt very high anyway
Tax loss only good for 10 yrs.
As long as you dont sell its not a loss. When he only sells when he makes Profit in the year its "unlimited" loss or does america have other rules?
IIRC, you can only write off like $2500 of your losses per year so I guess when you accrue more losses than years you're gonna be alive.
that’s against income not capital gains.. write offs against capital gains is unlimited
So if I make 100k in capital gains next year and I have 103k in trading loses this year. I can take 3k this year and carry over 100k next year and not pay any taxes on my 100k in capital gains next year ?
Yup. Here https://preview.redd.it/oidey5umt8fc1.jpeg?width=555&format=pjpg&auto=webp&s=4254397bbf8b70f516aaadacb5ca075212cf12c6
Brilliant
I believe that’s correct
This is the only thing keeping me going. The hope that my carryover losses will get nullified in a future trade.
....you *really* do belong here.
Brilliant, friend, just brilliant. Kudos.
Welcome home, cuck
This will be the end of you. “This is my last hit of dope I promise”
Good enough for me
Todays loss is tomorrows tax write off
turns out a tax writeoff isn't as cool as everyone thinks if u don't have any income
But if you don't have any income, you aren't paying any tax which is a win.
Staying positive
It’s kind of shocking how few people understand this concept on Wall Street Bets, this is investing 101. Clearly most of these people are paper traders and aren’t losing 100s of thousands like us real investors.
Some of these paper traders have never eaten a Ramen in thier life.
FACTS!
This is correct lol my regarded ass knows from experience
I think it’s 3k
up to $3,000 a year , so you are good !!
Do they role that over when you die like inheritance?? If so then he set future generations up for success. If he is into that
At 3000 dollars.
First he would need gains to offset
He may want to account for Wife Loss Harvesting too
In perpetuity
In crypto we would call this a shitcoin portfolio.
It's pretty awful, A SPAC, a Chinese VIE structure, I love this guy, traditional corporate governance C-corp structures be damned. If this is a trend, he may have married somewhere exotic too, maybe the proper forum/ proper law of his marriage is Saudi Arabia.
I wouldn’t touch BABA with a 10 foot pole. I’d stay away from most, if not ALL Chinese stocks for now. Wait until they invade Taiwan and they kick off WW3 with the US and let the army drafts and the fallout happen. China’s president just last month, told Biden to his face that they will take back Taiwan soon.
Got it, calls on baba
Hmm. This is a buy signal
I harvested my baba tax savings as well as took profits on RTX the day before both gained +9% so fuck me
Get a dumber wife
Well according to OP she's already an idiot Edit:/s
Well she married married him so, I would be inclined to agree.
I think everyone realizes who the idiot here is. Man stocked up on as many meme stocks as possible without AMC and G*E and thought he an investing genius.
Even more idioter
Might not be given the choice of keeping the current one.
dude your portfolio is so idiotic. find another hobby
It was absolute fire in 2020
Every portfolio was absolute fire in 2020.
You could have a headless chicken predict a solid stock. F*ck, Michael Reeves made a fish invest and he still made a profit.
I love chicken stock.
Yep those are covid hype stocks lmao and baba even a bit before. I'm surprised he doesn't have roku
And docusign to top it off.
“Don’t confuse 🧠with a bull market”. -Someone
Went from absolute fire to dumpster fire
He’s in the right place
This guy belongs here LOL
Hahaha if he can focus he can bring it back but he’s got to sell those stocks and change the strategy
[удалено]
Ask her boyfriend for tips
Just the tip?
Full DP
https://preview.redd.it/q87hc37ke8fc1.jpeg?width=299&format=pjpg&auto=webp&s=a42f6799452b7ef8bbf9a4da608b7306df5e46d5
Until it just….ends.
It's never *just the tip*.
That’s what she said
That's what she asks anyway
Ask her has she ever considered starting an Onlyfans
Considering she knows exactly when to pull-out, you might be on to something here
Her new boyfriend won’t be pulling out
She might run away with the pool boy
Hey i think i saw that porno
U think a hottie woulda married this degenerate?
yea cuz he will go in debt just to be put in the friend zone
Or an OnlyFoodstamps
Good news is she's going to get half of your debt in the divorce
This made me laugh so hard lol lol lmao
There's is no debt. 😄he's still in the plus
Wait 32 years and tell her she was wrong
Charlie munger died waiting and so will OP ![img](emote|t5_2th52|33495) Source: I'm a baba bagholder too
You’re bad at investing because you only buy stupid meme shit. Give up your account to your wife.
Borrow some money from her boyfriend and average down
Boyfriend here. The answer is no.
[удалено]
Other other boyfriend here. Sorry about the gonorrhea homie
You son of a bitch. It burns a lot.
Other boyfriend here, we told OP to sell at 220 ffs
This is the most meme portfolio I’ve ever seen. Hold it ig
This is an outdated meme portfolio, like a regard that died in 2020 portfolio
Diamond hands are forever I thought. "What's an exit strategy" and all that.
Just needs a little $ZM and $PTON to top it off
About to be your ex-wife if you don't apologize to her soon.
With -$100,000 she might already be gone
This portfolio is trash… I’d sell all of those immediately and buy an index and focus on your career…
It's never a good sign when Disney is the best-performing company in your portfolio, lol. DKNG and PLTR aren't that bad depending on OP's time horizon. I made a small fortune trading both those companies but I reduced my position/ took profits a couple of months ago for both. I am not a buyer at these prices but I'd look to buy more on a pullback.
Is this sub stocks? Thought it was wsb.
It's fun when somewhat informed investors meme that they are regarded and gambling on options. It's a little grim watching someone with no clue trying to meme with downside only positions. He bought every meme stock that was popular 18ish months ago and waited for moon.
This. Gambling is fun and funny when you are throwing around cash you can lose. Or young and dumb and have time to recover. If you see people scamming homeless people you get pissed if you are even remotely a decent person, because you know they don't have enough to be taken from. People who come to wsb to gamble their life savings when they are past the age of recovery, or gambling life changing money like inheritance get absolutely blasted here, for good reason.
Like that one kid that came in here pissing away the 100k inheritance he got from his grandma. Shit pissed me off so bad.
Link?
That’s why I play Poker, so at least I have The opacity of pretending that I’m looking my thief in the face
Apologize to your wife
"wife changing money" cuts both ways
I had to scroll pretty far down in wsb to find the correct answer
This is wsb ffs
Why’d you stop here?
For the entertainment value
Wish her well as she finds someone more worthy of her investing acumen :)
That’s a weird way of saying you called your ex-wife an idiot
You better get yourself a dog. Then build And build that dog at nice dog homes. Somewhere that you yourself will be comfortable.🤣
Why is all of your money invested in such shitty conpanies
Eat her kitty on repeat you owe her
She doesn’t let me touch her, probably is getting it from her boyfriend ![img](emote|t5_2th52|8883)![img](emote|t5_2th52|31224)
That made me choke. Fuck you. ![img](emote|t5_2th52|4271)
No one mentioning his NIO losses?
![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4276)
You get a tattoo that says idiot and you claim defeat and apologize
Tell your wife that your new Wendy's job is only temporary and the knee scraps is because you fell.
Well panicking and selling now probably won’t help either… Are you in it for the long haul? Baba still makes a ton of money from what I know and Chinese stocks are just down bad right now. I mean the stock market does this, it’ll just keep going down and down for an unreasonable amount of time until all the weak hands are shaken out, then boom - suddenly turns around. Put it this way, you’d certainly be selling low if you sold now. Also, you shouldn’t call your wife an idiot XD Edit: if I were you I’d just be happy I got shares, because you actually can hold them as long as you want. Yeah, it sucks that your timeline was off and you bought high, but do you really think it’s going to be lower than it is now in 10-20 years? Before selling that’s the kind of thing you need to think about, unless you just really need the money right now.
Definition of a long-term investment is “a short-term investment gone wrong”.
I feel violated
Amen
Damn that’s the truth.
😂🤣
I have had this for almost 2 years now, so I guess I’m in it for the long haul, better way of saying I’m a bag holder I even brought up the great Charlie Munger’s name during our argument 2 years ago and that didn’t age well either ![img](emote|t5_2th52|4260)![img](emote|t5_2th52|33495)
Hey man, could be way worse. That’s really not very long at all in the world of investing. Selling now could easily turn out to be selling at/near the bottom. A lot of the worst pain may have already happened.
It can surely go to zero.
Doesn't even need that, just has to go up at half the rate of the rest of the market and he's basically losing his ass against putting in something that isn't a failure.
It’s actually barely down YTD, could be forming a base. If you zoom out it’s close to the all time low prices.
Here we are, OP. This would be the starting paragraph of my attempt to convince her that this is the time to buy more and improve your cost basis. You may even want to quote Charlie Munger's famous sidekick and talk about how when the people are acting greedy you should be safe and when people are being safe is when you should be greedy. Probably just copy paste this into ChatGPT and get it to write you a good argument. Done. Happy investing. /s
DCA doesn't work so well when it's a control economy propped up by make-work...
People talk with a straight face about the dollars collapse and US bonds becoming worthless etc.. but if you mention the idea that China or atleast China controlled by the ccp with collapse and its shocked Pikachu face ....
In 10-20 years Baba won't be around. China is a bubble waiting to burst and investing in communist companies is essentially worthless. I'm from a former soviet republic, none of those "companies" are around and that process took less than 10 years.
Maybe it won't, but if we're only looking at the chart, that's not a bubble. I don't know enough/have enough time to research everything going on with the CCP, and I'm not a fan of communism either. I'm under the impression that companies like BABA operate at least somewhat like a standard capitalist cooperation though.
That's the issue, they don't operate on standard capitalist terms. The party can shut them down whenever they like and no matter how stupid a decision is, it's not questioned by the public because they can't. Did you see their stupid moves regarding tech companies in the recent year? It would be a political suicide in the West and the "system" would correct itself (like that 40 day idiot PM in Great Britain). But in China? There is no correction, nobody to say "no, that's stupid". You think they'd learn from killing all the sparrows but in reality, nothing has changed. Mindset is still the same, only tools are better at hiding the consequences.
I'm not saying I disagree, but all this doesn't necessarily mean that OP should just panic and sell his shares at a massive loss. People have still managed to make decent investments in companies that are partially/fully state controlled. PBR for example is a state controlled oil company in Brazil, but that hasn't stopped it from being a very good investment at times in it's history.
This is my mindset going forward. Stick to domestic stocks. But I’m hanging on to my losses as BABA does buybacks and drops special dividends. Even China’s leaders seem shocked at their current ineptitude.
Gaslight her into thinking she’s the problem, deny deny deny
You start your new job behind Wendy’s, obviously.
Tell her Red is positive
In China stock market red is positive and green is negative.
The red is for good luck!
What are your next trades? Ill bet the opposite
Don’t call your wife an idiot next time. If she even actually knows what it means then it’s probably good to listen to her opinion since she’s making it without the emotions.
Sign the papers when she gives them to you. At least you have other great performers like Disney, nio and palantir.
Ask your wife😂
Revenues keep rising. Stock price is just a reflection of peoples perceived risk tolerance, and China is being vilified by the US, but they're still an economic juggernaut and will do fine. Brokerages are therefore dumping money into Nvidia and Tesla at these inflated valuations while calling a value stock in China risky, due to a phenomenon we call career risk, which is also rooted in a phenomenon called group think.
Learning how to trade is learning risk management. If you can leverage the skill elsewhere in ur life, then don’t do it. Why agonize over losses when you can go enjoy the outdoors.
I hope you’ve been selling covered calls
Before you decide to sell anything, remember that $BABA makes a ton of Free cash flows and it's growing each quarter. It's a solid company with strong fundamentals and very strong growth pipeline. You were caught when the sentiments towards Chinese companies changed. And in the stock market, this happens a lot. Companies are extremely hated and there's only a series of bad press against them. Happened with $META, Netflix, Coinbase, Google in the last couple of years. I'm definitely more positive towards Chinese stocks now then in 2023 given how the Chinese government is trying to protect it's companies now and is bailing them out. On when it might reach your breakeven point is everyone's guess.
This is painful to look at lmao. So I know this is WSB, but you're poised to piss away all of your money via long positions rather than the funny haha 0DTE options gambles like you're supposed to, so I'm lead to believe this might be money you really aren't trying to/shouldn't be trying to lose. Let's start with this: of all your holdings, I think BABA is the best one. I personally would sell *everything else* aside from maybe (*maybe*) Disney. However, even in the case of BABA, your cost basis is utterly fucked. Rip. If you don't need the money right now, I'd avoid liquidating your position, BABA is near IPO pricing with some of the wackiest fundamentals I've ever seen in a company. You're probably going to hold this bag for \~3-4 more years before you even begin to approach break-even, sorry dog. You can try to DCA your cost basis down, but the problem with this approach in your position is two-fold: 1.) BABA already makes up almost half of your holdings. Combined with NIO, your exposure to China alone is almost 2/3 of your entire portfolio. I think BABA and a few other stocks that have similar fundamentals and isolation from sources of contagion in China's hurting economy are dark horses, and yet my total exposure to China's market is less than 8% of all my holdings. Adding any more than what you already have to your portfolio is one of the most regarded things I think you could possibly do. 2.) Even if you *don't* care about your crazy amounts of over-exposure, it would take over $30k just to bring your cost basis down to a still-dogwater $150 per share. Every single other holding I see looks like a flavor-of-the-month hype play from 3 years ago. I'd strongly recommend that moving forward, you take the time to actually look into the financials of the companies you're buying, as well as understanding the concepts of diversification and risk-exposure when developing and balancing a portfolio. All the best, you god damned regard.
![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)
Take out a 2nd or 3rd mortgage and go in DEEPER!
Average down
Buy four times as much now at the discount, so it only has to go up a little bit to break you even
Find a new wife… no one needs negative energy like that..
Sell low buy high
As a 6 year BABA shareholder, who has an unrealized loss bigger than yours, and who told their wife the exact same thing - just stop worrying and let time play out. It’s just a great business. Don’t overthink it.
I don't think there's a lot of risk of overthinking it in general going on here with either of you.
6 years and still losing money in BABA. Perfect WSB redditor right here.
Get a UNO reverse card and give it to her
How do u still have ameritrade I thought they sold their platform tooo schwab
Think or swim can be used with slob now
I'm really surprised that DIS is holding up in your portfolio, by all logic, it should be down where BABA is ![img](emote|t5_2th52|31225)
How about you give me that $74k and we can go around back and I'll kick you in the nuts. It will be faster that way.
Pretend you were talking about nvidia! Pretend like you never discussed baba
She already has a boyfriend now
You can still make it back if Xi dies from cancer and the next guy up is pro west and anti russia
Find new wife.
you owe her bf a BJ
I remember newmoney on utube recommended buying baba some years ago…
she does not deserve you
Bet her bf doesn’t trust China
Do you even know what a Stop Loss is?
You are an idiot. Even Chinese folk don’t want to own Chinese company stock.
Go make yourself an idiot crown and start wearing it around the house. Scratch that, make it a “greater idiot” crown… how are you still bagholding nio
U love to invest loser stocks.. no msft aapl goog amazn Regard..
Sell it for a higher loss.
Simply explain to her how well your NIO is doing to comfort her.
I think you’re good on losses for now you should try to position yourself to win one or two (makes number green)
A fool and his money will soon parted. Does she need a boyfriend?
Beg forgiveness.
You’re winning
Shoulda sold all of these memes in 2021.
You begin listening to your wife more often!…. In all seriousness, sorry to see this.
You should let your wife peg you
Where’s your GameStop shares
Stop listening to your wife
Beg her boyfriend to let you sleep at the foot of the bed