They're probably offering a Roth 401k option with your 401k. Whether you go with a Roth 401k depends on your tax bracket now and what you think your tax bracket may be at retirement. You can do 19k to pre-tax, to Roth, or a split. Any employer match would be to the pre-tax. https://www.bogleheads.org/wiki/Traditional_versus_Roth
PAHokie 401k contribution balance between traditional and Roth is beyond my understanding, but I max my yearly via Roth completely. Best I figure I’ll be taxed higher when I’m older, so I’ll take the hit now. Also, the $6k Roth I mentioned is your personal Roth IRA through Vanguard or whoever. That’s a bare minimum starting point.
Agreed, I believe their food and "impossible foods" will be the future and is something I believe in. Never put your heart in a stock.
The places here that serve it seem to charge more for products with it. If I'm paying $15+ for a burger I'd rather have beef.
I’m sorry you missed out on Merck last year. I made enough to buy a pool. You didn’t and I’m sorry you didn’t.
marginally. And they're still losing money. And they're revenues are minuscule but sure. It's a $10 billion company
Yea it’s insane. I’m upset with myself for not getting in back around $70 though when I realized it was going to trade on momentum and not any fundamentals.
I get the home loan argument but cars are 99% of the time a depreciating asset, that's why. One day this will be more affordable than actual beef and then we will see a paradigm shift in what grocery consumers purchase.
The idea is to not take out a loan on cars and toys like boats, pay cash for these items. In your argument, you are only calculating loan interest but the losses is much greater than the 2% "fee" at the end of the loan.
Oh ok. Thats practical advice for most of the population. "Just pay cash for your car". And since when did a car only become a "toy". Most people need their car to get to work, take their kids to daycare, get groceries, etc.
You need a car, most people can save $5k for a cash car. No reason for a 25K loan. Most peoples ego's and keeping up with the joneses won't let them do this. One more cool thing about cheap 3-6K cars is they don't depreciate at near the rate of a 25K+ car used or new. Cars and toys are two different things, that is your boats, motorcycles, riding lawnmowers when a push would work fine. But I always suggest keeping them tallied in your "total cost of vehicles" and all things in this category should be paid for with cash.
i know of zero people who consider their car an investment. if i showed up to work meetings in a $5k beater i would lose significantly more money than my car payment every month.
$3k car I’m sure that would be pretty dependable getting me to work. You sound to me like an author of one of those ridiculous CNBC articles... “Couple retires at 30, lives off $680 per month, here’s there totally believable budget:”
If I take out a 30k loan at 2% and I get a 6% interest on 30k in the stock market I’ve just pocketed 4% Would be dumb to buy the car in cash.
The problem is, you aren't guaranteed 6% in the stock market over any given 3-5 year period. Long-term, sure. But if a car loan is for 3-5 years, you can't predict a 6% annual return.
The argument for paying off like sub 5% lines is not an economic one. It’s an emotional one. That doesn’t make it right or wrong, it’s just what it is.
Well, it's mostly emotional. There's economic justification, as well, for certain people in certain circumstances, the biggest being if you think there will be an economic downturn and your money would be better served out of the market. You can't get a savings account rate for more than a mortgage rate. We've lived through an amazing run as adults but at some point there will have to be a correction.
bought some BABA puts. would've love for them to say in the next couple of months that they need to restate their financials for the last 10 quarters
Should have been more clear, beginning retail trading Right now my portfolio is just a few mutual funds I never touch
I never argued against that. Just pointed out you can't assume a 6% return over a short time period. Also, if they're loaning you money to use for legitimate needs, of course. But just because I can get a $100k car loan at 2% doesn't make it a smart move. I don't need $100k car.
agree with that. meant more of a loan where you get the $ not a loan where you have to purchase something.
Most people can't just get a basic line of credit at 1 or 2% without it being tied to some collateral.