Official Investing Thread

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

  1. Nashville Knight

    Nashville Knight Well-Known Member
    Donor
    UCF KnightsTampa Bay BuccaneersTampa Bay LightningNashville Predators

    Voya provides a slide illustrating this example and it makes me want to start and contribute to the Roth 401K. I could do the $19.5K/yr if I stopped buying $10K a year of VOO in my brokerage account, but I don't want to be illiquid.

    I currently split this new 401K into 8% pre-tax and 4% post-tax.
    upload_2021-5-10_18-9-0.png
     
  2. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    gotta factor in your current salary and tax bracket, predicted future salary and tax bracket, predicted income in retirement, what tax bracket you think you'd end up in in retirement, on and on
     
  3. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    if a finance company is using 35k as baseline income and unchanging over 30 years that'd lead to way more questions than answers
     
    BigReff73 likes this.
  4. Smuggy

    Smuggy Well-Known Member
    Alabama Crimson Tide

    That’s
    I’ve tried predicting income in retirement and its is damn near impossible (both mid-30s). It will be significantly less than it is now, but I still like the thought of pay now vs pay later. The 12% that my company puts in will be taxed later, so the Roth 401k is kind of hedging anyway.
     
    #25204 Smuggy, May 10, 2021
    Last edited: May 10, 2021
    billdozer likes this.
  5. The Blackfish

    The Blackfish The Fish in Black
    Staff Donor TMB OG
    Alabama Crimson TideIndianapolis ColtsBook Club

    Damn I thought I was doing pretty well with my company’s 9%
     
    billdozer and Lyrtch like this.
  6. kinghill

    kinghill Cool American Flavour
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    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

    Jealous of both of you, those are nice matches
     
  7. billdozer

    billdozer Well-Known Member
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    Clemson TigersCarolina Panthers

    I get a 6% match but then also 6% into a cash balance pension plan.
     
  8. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Yes. It just means you pay less tax out of your paycheck if you do the pretax, so you have more in your paycheck that you can use for a Roth IRA. Or if your company allows after tax contributions to be converted to Roth, you can do the extra money there. But you only have to worry about that if you have maxed the $19,500 limit (and it's available).
     
  9. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    When my company provided a Roth 401k option, I had switched to it fully. Maxing that out for 11 years and I had 75% Roth in my account. So I switched back to traditional and they started allowing after tax Roth conversions, so I can toss a few percentage there too and still do extra Roth after the IRAs.
     
    #25209 billdozer, May 10, 2021
    Last edited: May 11, 2021
    construxboy and kentucky_dawg like this.
  10. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Blood today, fellas. I'm down 2.25% in the pre-market. Could get ugly.

    Also, great day to buy some discounted stocks.
     
    Sportfan likes this.
  11. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Not sure how long this tech sell off lasts, but a lot of good stocks are coming way down off their highs and have been for about four months.
     
  12. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    I've thought this seemingly every day since March. I'm all out of buy the dip funds :tebow:
     
  13. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
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    I fortunately made the move almost completely out of tech and into industrials in February. I was up about 25% for the year until yesterday afternoons slide and then this morning.

    NUE, CAT, MMM, JNJ, LOW, AB, and WHR have been big winners for me this year. AAPL and PENN are my big losers so far.
     
  14. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    Good timing.

    I setup a Roth IRA with 4 main indexes at the same time I bought a ton of tech/growth in my online brokerage, and that has been just an amazing case study in why I shouldn't pick individual stocks. Brokerage down at least 30%, Roth up 5% over exact same time period
     
    dukebuckeye, kinghill and Tug like this.
  15. Tug

    Tug Well-Known Member
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    Detroit LionsDetroit PistonsMichigan State Spartans

    i did a similar
     
  16. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
    Donor

    I'm about to lose a lot of money today. May be time to go full cash EOD. My gut was screaming sell yesterday of course I didn't listen
     
  17. BUstang

    BUstang Lawyer

    Jeez today looks bad. How much of crypto's rise can be attributed to tech sucking a fat dick the last 3-6 months?
     
    DuffandMuff likes this.
  18. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Yeah, last Friday I was on like 4 or 5 days up 1%+ and I told myself I should cash out and sit on the side for a little bit. Of course I didn't. Just gotta let it ride now...you don't lose money until you sell.
     
  19. kinghill

    kinghill Cool American Flavour
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    Discounts awwwww yeah
     
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  20. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
    Donor

    Fuck that, you lose money when you lose money. Subscribing to that thought process is exactly how you get wiped the fuck out. I can't afford to have that happen atm, currently trying to buy something. Losing a couple thousand is one thing, losing everything is a completely different thing and I don't have the stomach for that.

    This is a nightmare
     
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  21. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    I'll sell for a loss before I let myself get wiped out. This is an overdue correction. I'm going to ride through it mostly.

    Also, my brokerage account is something that while I'd prefer not to lose it all, I could and I'd be OK.

    I'm a substitute teacher that has $5mm in properties.
     
  22. Arliden

    Arliden Well-Known Member
    Donor

    Still overvalued.
     
    Chumbolone likes this.
  23. Arliden

    Arliden Well-Known Member
    Donor

    less crypto and more rates + inflation fears
     
  24. brolift

    brolift 2sweet
    Donor
    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    0%

    Tech ran out of gas in 2020; BTC rally helped pushed fintech/nasdaq higher into q1 of this year
     
    BUstang likes this.
  25. construxboy

    construxboy xenForo is the new TMB
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    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    Sounds like a risk capacity issue. If you need the money you have invested soon and it is for an important purpose, then it shouldn't really be in the market, or be in very conservative investments.
     
  26. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    This.
     
  27. construxboy

    construxboy xenForo is the new TMB
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    Financial Advisors are like Lawyers; everyone makes fun of them until they need one.
     
    Hatfield likes this.
  28. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

    I’m just here to ride the wave. Never put in money that I would need in less than a year or two.

    Having said that, it has sucked watching my portfolio of late.
     
    fish, Sportfan, Tug and 1 other person like this.
  29. fish

    fish Impossible, Germany
    Donor
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    Same. I keep telling myself not to open my app but I can't stop. It's about on the level of looking at scalded feet pics from Smuggy
     
    #25229 fish, May 11, 2021
    Last edited: May 11, 2021
  30. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    I was down 5% at one point today. Only down about 2.5% now.
     
  31. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    Pfffttt, take the over.
     
    dukebuckeye likes this.
  32. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts



    Welp, time to sell.
     
  33. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
    Donor

    To sell those or to sell tech?
     
  34. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    FCX… I don’t think I would ever sell Apple if I owned it directly, with all that cash they can run when rising rates crush lesser tech.
     
    brolift likes this.
  35. kinghill

    kinghill Cool American Flavour
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  36. Roy

    Roy Well-Known Member
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    South Carolina Gamecocks

    I’m sure there are multiple factors at play for such a long red streak on stocks. In fact, on a podcast I heard one guy talk about firms investing in real estate in case of hyper inflation.

    but does anyone think this really long correction could be in part due to so many people riding this crypto bull run?
     
  37. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
    Donor

    Dunno but I’m selling everything because I think that’s enough loss. Would’ve been nice to see some real gains like others over the past year but at least I’m walking way with pretty much what I got in with.

    gotta know when to throw in the towel
     
  38. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    I'm getting beat up again, but I think everyone is.

    The seas will calm soon.
     
    Ty Webb likes this.
  39. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

    History has shown us that selling at a time like this results in you missing out on a couple of the plus 5% days, which kills you in the long run.
     
  40. brolift

    brolift 2sweet
    Donor
    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    Selling the bottom >>>>
     
  41. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Scared money don't make money
     
  42. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
    Donor

    I've just been gaining and losing money. Nothing ever sticks. So I'm not sure why I should continue mind you, I lost a shit load of money in the beginning. I'm happy just to pretty much walk off even. This is a fools game and I'm done playing.
     
  43. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Do what you gotta do. If you want some actual feedback- go pick a few strong stocks with a dividend, invest in them, and do not look at them for 20 years. JNJ, PG, AAPL, MSFT, CAT, JPM, etc.
     
  44. The Hebrew Husker

    Donor
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    I hold very few stocks in my actual investment/gambling account. Usually I don’t get too fired up about it, but going from like +60% to the red on draft kings is pissing me off.
     
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  45. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    There’s correlation between the frothiness in both crypto and stocks… a lot of naive/speculative money.

    And yeah, the single family residential rental category has been steadily invaded by private equity and a couple big public holding companies. It’s one reason I’ve been so hesitant to sell any of my properties in this hot market, I’m not sure I could get them back… cheaper… or ever.
     
    Fabulousthundercock likes this.
  46. NothingIsOT

    NothingIsOT Prom pic
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    Miami MarlinsMiami DolphinsFlorida PanthersDetroit TigersMiami Heat

    These days were bound to happen. Shake out of weak hands.
     
    dukebuckeye likes this.
  47. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Down damn near 6% today after a 2.5% loss yesterday. ~10% loss in two days isn't ideal.
     
  48. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    .6% loss yesterday, 1.9% today

    diversify folks
     
  49. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersUnited States Men's National Soccer TeamLiverpoolCharlotte FC

    Not to be a dick but there’s a chart out there that correlates perfectly to what you are describing, and in that chart you sell right now and miss the next 20% up.
     
    Ty Webb likes this.
  50. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
    Donor

    Unfortunately it wouldn't work out that way for me I've been at this months. No gains to speak of sir, good luck to the rest of you. Some people just don't have it and i'm ok with that.