If I’m reading this right, the only penalty for cashing it out before 5 years is you forfeit the previous 3 months of interest, is that correct? Have to keep it at least 12 months.
It looks like they can’t aren’t tax exempt for education if the married couple makes over about $150k combined. Edit- that was from an article a few years ago
Just sold half of this at $340 per contract (140%). All costs removed. Letting the rest ride and hopefully exercise Bought some DNN and UUUU with the proceeds. Going to sit back and watch uranium prices go exponential
I'm pretty far removed from that part of it, so I rarely hear about it. Plus, our site gets free fuel because of supplier screw ups a long time ago.
how we feeling about vale? I threw a dart at it last week. bought some March calls so have plenty of time
I feel good about. I've been accumulating shares in anticipation for that 18% dividend. Miner stocks move in waves, just keep an eye on steel and copper
If anyone wants to help me think through this situation it would be helpful. - My grandma died and left me about 60k - She left my kids about 20k each The 60k is in an inherited IRA which gives me up to 10 years to withdraw it and I'd owe taxes on it as it is disbursed. I'm 35 now so I'll be 45 at the oldest when I have access to the full amount. I have no debt that I'd want to pay off and I have no immediate needs. My retirement account is sort of just OK at the moment I did the math on some situations and it can get to around 130 -150 in an ETF in 10 years. Thats great but it doesn't exactly change my life or anything. I wasn't expecting an inheritance and so I've started to lean towards the idea of just throwing it into leveraged ETFs like UPRO or TQQQ. If I can get 25-30% over 10 years it has the potential to grow into an amount that would allow me to just retire at 45 and use the money to get me by until my 401k and IRAs could be accessed. Is this stupid as fuck?
Probably. You have to make sure you understand how those funds work. They reset each day. Best case, I would try the hedgefundie exercise (https://www.bogleheads.org/forum/viewtopic.php?t=272007). But I would recommend just putting it in S&P or total stock.
Idk about stupid as fuck but there might be even more leveraged ways to really boom or bust. Those leveraged ETFs are not designed for long term holds though. Flat markets will crush you I think.
putting that large of a percentage into a leveraged etf is incredibly dangerous. "The market takes the stairs up and the elevator down" may not be as true as it used to be but you really could be fucking yourself up
withdraw it best leveraging the tax situation throw it in a broad market fund and ignore it for twenty years gambling it is a bad idea and you're far more likely to get wrecked that way
The point is kinda that I can't get wrecked. This money was never part of any broader plan so why not be more reckless for a chance to actually have life changing money in a decade?
But you guys are probably right. I'll likely think of a way to roll traditional ETFs into this just to be safe.
Yea, there's no reason to YOLO this. Sure, it won't be an instant life changer, but it can make your life a hell of a lot more comfortable in 15-20 years.
No matter where it came from, now it's your money and it's the same as all of the other money you have
To reiterate the rest of the replies, stay the fuck out of leveraged ETFs for a long-term hold. VTI or other broad market ETFs make the most sense.
This is something I have done this year and I'll try to do every year primarily by topping off my IRA 401k and HSA with funds from this account. But I'm not trying to just be rich when I'm old. I want to hold some of this back for more comfortable living between 45 and 65 since this would be accessible and the retirement accounts won't be.
I've always heard leveraged ETFs are bad for long term. My counterpoint is the results they get over the long term. They are just consistently much better across all time horizons more than a few months. Maybe the benefit of leverage outweighs the daily settling. I don't think now is the time to do it when we are near ATHs because you guys are right about the risks and the way I'm thinking about the money but if the market takes a shit I'll probably reassess.
Put it all in Trump Media. Those idiots will probably take this to $500 https://finance.yahoo.com/quote/DWAC?p=DWAC&.tsrc=fin-srch
I agree with gambling here only if you can create the top end potential sum when you do hit. I’d love to hear from folks the highest variance method to running this up in a hurry. Just play options around earnings?
Buy GBTC. When it turns into a spot etf in a year, you can pick up the 15+% discount to NAV that’s automatic plus own spot btc.
Every day we are nicely up then fade into the finish. Interested to see how today goes with aapl and amzn earnings after the bell.
There's still 4.5 trillion on the sidelines. But yea I feel weird buying ATH as well. FCEL is a machine. I've moved my stop loss up a couple times today
I look it at as what if you didn't buy? A month from now that's unrealized gains you would have missed out on. I'm pretty much buying in twice a month if I can. And if it's down on one of those days? Oh well getting it at a discount.
Yup, fortunate to have consistent, large amounts of disposable income at the moment. Spent this weekend looking into some slightly higher dividend producing ETFs that aren’t pure value plays but didn’t find anything I loved. Shit VOO has nearly a 2% yield and is growing so just sticking with it for now.