Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    plus colonel_forbin if you get in a pinch you can take your CONTRIBUTIONS out of a Roth tax free (since you payin tax goin in)
     
    colonel_forbin and Joystick Izzy like this.
  2. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    yep. bullshit. IRS penalizes you if you make more, even though you are paying MORE in taxes on your increased income.

    fuck that shit when you're payin 30k a year to the govt making money off my ass while deadbeat snowflakes run off to europe to escape student debt. they make a shit ton off me and my wife and it sucks
     
    #7152 je ne suis pas ici, Dec 21, 2016
    Last edited: Dec 22, 2016
  3. LSUTigers1986

    LSUTigers1986 Well-Known Member
    Donor
    LSU TigersWashington NationalsWashington Football Team

    Man do I have this gripe as well. They have got to raise the limit for those who get advanced degrees. Maybe the supposed student loan bubble pops one day and they'll visit this.
     
  4. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    probably the day i pay mine off 5+ years early, thanks to a refi fixed for 4.15
     
    High Cotton likes this.
  5. colonel_forbin

    colonel_forbin Well-Known Member
    Donor

    It sounds like Roth is the right decision regardless, but would you still say Roth if I made over $80k and won't be able to claim any deduction for student loan interest?

    I do not have access to a retirement plan through my employer.
     
    High Cotton likes this.
  6. High Cotton

    High Cotton Where does this fall in our Christian walk?
    Donor
    Auburn Tigers

    Looking through some old underwriting today, Fannie Mae's DUS 10 yr loan was 4.29% in April and now its 5.02%, up 73 bps. It's based off 10T.
     
  7. wolfpck

    wolfpck haters gonna hate
    Donor
    North Carolina State Wolfpack

    I use Wealthfront for mine and like it. PM for referral code if that's what you land on. I have nothing else to add that others haven't said already.
     
    Lyrtch likes this.
  8. Arliden

    Arliden Well-Known Member
    Donor


    Yes, bought in right before they killed earnings. Then sold off post earnings, decided to re-up right around 91, been a good ride.
     
    Corky Bucek and High Cotton like this.
  9. Corky Bucek

    Corky Bucek Placeholder for a Custom Title
    Staff Donor TMB OG
    Auburn TigersLos Angeles LakersLos Angeles RamsAnaheim DucksManchester UnitedLos Angeles Angels of Anaheim

    Nice. I bought it when it was in the mid 20s a while back and have held on to it since. These past few months have been quite nice. I'm just thinking on how to play it, whether cash out fully or how/what to reinvest. It's a small amount shares though, just want to see if most analysts are expecting it to continue on this up swing or if now is the right time to get out.

    Do you have any good reading material on NVIDIA?
     
    ksim14 likes this.
  10. Arliden

    Arliden Well-Known Member
    Donor

    I figured I would hold on till the next earnings, I like their expansion into automobiles and deep learning/machine learning and believe there is obviously potential growth in those sectors. I just don't know how long gaming can keep going strong.
     
    High Cotton likes this.
  11. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
    Donor
    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    I worded that poorly; you'll be limited to a $5,500 IRA contribution max regardless. But you'd definitely be able to deduct the $5,500 since you aren't offered a plan through an employer. If you were, the deduction starts to phase out at $61k and is fully phased out at $71k.

    Point stands though that Roth is the way to go.
     
  12. colonel_forbin

    colonel_forbin Well-Known Member
    Donor

    So the majority of my loans range from 6.55% to 7.65%. If I'm doing the math right, I'd be between 5 to 5.75% after-tax rate on the interest. It's looking like I won't be able to deduct any student loan interest based on income. So would I be better off paying down the loan?
     
  13. Rabid

    Rabid Fan of: DQ Treats
    Donor TMB OG
    Minnesota Golden Gophers

    If you can't deduct the interest then the rest of the equation doesn't matter. You would be multiplying 0 (no deductibility) by your marginal tax rate which is going to leave you with a 0. 6.55% * (1-0) = 6.55% (to 7.65%). You can consider any early debt repayment as investing at that rate with no risk because you know that principal reduction will save you that much money per year in the future. I would focus primarily on paying down the debt with the highest interest rate first because 7.65% is a very high risk-free rate and to beat that in the markets you'll have to take on much greater risk.

    I am a big proponent of Roth IRA so if you want to get started there go ahead but it should come secondary to the 7.65%. :twocents:
     
  14. tjosu

    tjosu This is kind of like the breakfast club, huh?
    Donor
    Oklahoma State CowboysHouston AstrosHouston TexansTiger Woods

    I've got a pretty big student loan I'm paying down as well. I view paying off that loan as a form of investing (similar to what Rabid just said) so I only have retirement accounts through my employer, although I am fairly spoiled with my company's benefits so I'm in a more unique situation. I try to pay extra towards my loan as much as possible.

    I can't wait to get that damn thing paid off :rain:
     
    Swim Cantore and colonel_forbin like this.
  15. Joystick Izzy

    Joystick Izzy Well-Known Member
    Donor
    Georgia BulldogsAtlanta BravesTennessee TitansNashville Predators

    You need to refinance your loans ASAP. I used SoFi and they're great. There are a lot of options out there.
     
    Swim Cantore likes this.
  16. colonel_forbin

    colonel_forbin Well-Known Member
    Donor

    Yeah I'm looking into it now. I will at least get the 7.65% refinanced soon
     
  17. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
    Donor
    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    Is this easy to do? I have no student loan debt but gf has quite a bit left. I'd prefer this not become my responsibility eventually to the extent I can avoid it. She's not particularly financial-savvy so I'd need to run point on it.
     
    Rabid likes this.
  18. Joystick Izzy

    Joystick Izzy Well-Known Member
    Donor
    Georgia BulldogsAtlanta BravesTennessee TitansNashville Predators

    Yeah, it's pretty easy as long as you have proof of income and a couple other forms that they will ask you to upload. They will walk you through it if you have any problems.
     
    Swim Cantore likes this.
  19. tjosu

    tjosu This is kind of like the breakfast club, huh?
    Donor
    Oklahoma State CowboysHouston AstrosHouston TexansTiger Woods

    Very simple. I also re-fi'd with SoFi and it was easy and has been great
     
    Swim Cantore likes this.
  20. WillySaliba

    WillySaliba Well-Known Member
    Donor
    Philadelphia 76'ersArsenal

    Do you go to their cult gatherings where everyone looks like they are having fun?
     
    Room 15 likes this.
  21. Lip

    Lip Well-Known Member
    Donor
    Michigan State SpartansDetroit LionsGeorge Washington Colonials

    What these guys said, but if they're federal loans you have to consider if you want to give up the federal protections like having the option to put them in forbearance if you hit a rough patch.
     
  22. tjosu

    tjosu This is kind of like the breakfast club, huh?
    Donor
    Oklahoma State CowboysHouston AstrosHouston TexansTiger Woods

    Don't think I'm familiar with what you're referring to
     
  23. WillySaliba

    WillySaliba Well-Known Member
    Donor
    Philadelphia 76'ersArsenal

    I was referencing their commercials if you've seen any of them.
     
  24. Bruce Wayne

    Bruce Wayne Billionaire Playboy
    Donor
    Michigan Wolverines

    Selfishly I'd love if the $2500 cap on student load interest deduction was elevated considering my wife paid $10,800 in interest last year
     
    Swim Cantore likes this.
  25. tjosu

    tjosu This is kind of like the breakfast club, huh?
    Donor
    Oklahoma State CowboysHouston AstrosHouston TexansTiger Woods

    What in the world, how? I'm more in the camp that the income limits need to be raised as opposed to the deduction limit
     
  26. Bruce Wayne

    Bruce Wayne Billionaire Playboy
    Donor
    Michigan Wolverines

    My wife's parents suck. They got divorced her senior year in HS and couldn't afford to pay for college, but let her go to the most expensive school in the state anyway. Then thought letting her take out loans for 2.5 years of law school was ok to do too.

    She basically has a loan out for every semester of school from her freshman year of college until she left law school. Her loan debt is equal to a second mortgage on our house. Thankfully we each make enough at our jobs that she can make payments solely with that income while we live completely off mine.
     
  27. Beachy Toast

    Beachy Toast He wants you too, Malachi.
    Donor
    Chicago White SoxChicago BearsChicago BlackhawksKansas State WildcatsMontreal Impact

    I made almost $900 today.

    In fake money :tebow:
     
    High Cotton and tmbrules like this.
  28. Lip

    Lip Well-Known Member
    Donor
    Michigan State SpartansDetroit LionsGeorge Washington Colonials

    How do you still fall under the income limits then?
     
  29. Lip

    Lip Well-Known Member
    Donor
    Michigan State SpartansDetroit LionsGeorge Washington Colonials

    But you made it in a sleazy way.
     
    LSUTigers1986 likes this.
  30. Beachy Toast

    Beachy Toast He wants you too, Malachi.
    Donor
    Chicago White SoxChicago BearsChicago BlackhawksKansas State WildcatsMontreal Impact

    How else am I gonna buy that hotel on Park Place?
     
  31. Bo Pelinis

    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    Selling crack to the kids.
     
    Lipp likes this.
  32. Lip

    Lip Well-Known Member
    Donor
    Michigan State SpartansDetroit LionsGeorge Washington Colonials

    I gotta get paid.
     
  33. Eric The Viking

    Eric The Viking Nitro, the All Knowing
    Donor TMB OG

    Nvidia is making a custom chip for the new Nintendo console that will release this next year. Whether that machine is a hit or a flop could greatly affect their projections for early in the year (think the system launches in March).
     
  34. Arliden

    Arliden Well-Known Member
    Donor


    I decided to cash out today.
     
    Corky Bucek likes this.
  35. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    Dont think 20k gets hit til mid jan
     
  36. tmbrules

    tmbrules Make America Great Again!
    Donor
    Clemson TigersChicago CubsCincinnati RedsChicago Bears

    im thinking on or before Friday.
     
  37. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    Even if it barely touches it, itll be in name only. The tax sales first wk of jan and then people will wait for trumps first wk to see the regs start being taken down and where/how many
     
  38. tmbrules

    tmbrules Make America Great Again!
    Donor
    Clemson TigersChicago CubsCincinnati RedsChicago Bears

    I agree with that. I do think volatility picks up on the uncertainty of what industries will be affected most by a Trump presidency.

    Could continue the climb higher or could retrace lower. If the market is favoring one of those outcomes over the other right now, I can't tell. Seems like either is possible.
     
    #7188 tmbrules, Dec 28, 2016
    Last edited: Dec 28, 2016
    Swim Cantore likes this.
  39. Nantucket

    Nantucket Northeastern Elitism+Alabama Downhome Sensibility
    Donor
    Alabama Crimson TideNew England Patriots

    Bitcoin value is up ~30% over the last month or so. Interesting
     

    Attached Files:

    Houndster and tmbrules like this.
  40. Shock Linwood

    Shock Linwood Well-Known Member
    Texas AandM Aggies alt

    Trump is pro-bitcoin
     
  41. Beachy Toast

    Beachy Toast He wants you too, Malachi.
    Donor
    Chicago White SoxChicago BearsChicago BlackhawksKansas State WildcatsMontreal Impact

  42. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    :gross:
     
    tmbrules likes this.
  43. Jake Barnes

    Jake Barnes Team Mac OG
    Donor
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    Didn't count on a pillow fight with the Russians.
     
  44. tmbrules

    tmbrules Make America Great Again!
    Donor
    Clemson TigersChicago CubsCincinnati RedsChicago Bears

    Not happening is it?!!
     
  45. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    nahh. and next week is gonna be bad i bet, down to 19 4 or so
     
  46. The Banks

    The Banks TMB's Alaskan
    Donor TMB OG
    Oregon DucksGreen Bay PackersDetroit Red WingsBayern Munich

    What's gonna happen with the housing market in trumps first three months?
     
  47. je ne suis pas ici

    je ne suis pas ici Well-Known Member
    Donor

    should slow down on higher interest rates regardless imo.
     
    tmbrules likes this.
  48. Frank Martin

    Frank Martin tough love makes better posters
    Donor
    South Carolina GamecocksBaltimore OriolesBaltimore RavensLiverpool

    I hope you're right. I just closed out $5,500 of stocks in my tradeking account. Hope I can pick up some of those stocks back up next week in robinhood at a lower cost.
     
  49. Frank Martin

    Frank Martin tough love makes better posters
    Donor
    South Carolina GamecocksBaltimore OriolesBaltimore RavensLiverpool

    How much did you guys save in commission fees in 2016 by using Robinhood?

    I saved $656.27
     
  50. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Saved $107.88