Official Investing Thread

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

  1. momux

    momux AFAM Scholar
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    I have. It’s better assuming tax rates stay consistent.
     
  2. Joystick Izzy

    Joystick Izzy Well-Known Member
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    Depends entirely on your tax bracket now and in the future. You can’t possibly know.
     
  3. momux

    momux AFAM Scholar
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    North Carolina TarheelsCarolina PanthersChelsea

    Exactly the point. No one knows what the future tax rates are going to do but if you assume you make the same amount now as you will in the future and that tax rates stay constant, the Roth is a better option because you can contribute more.

    That’s the only point I’m trying to make with this.
     
    Joystick Izzy likes this.
  4. Joystick Izzy

    Joystick Izzy Well-Known Member
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    That’s fair. Personally, I’m banking on my tax bracket being much higher in my peak earnings years than in retirement.
     
    Frankie Carbone likes this.
  5. momux

    momux AFAM Scholar
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    North Carolina TarheelsCarolina PanthersChelsea

    I don’t disagree which is why close to 60-70% of my tax advantaged stuff is in traditional. That being said, unless you’re a fortune teller it’s always a good idea to have some diversification in your portfolio.
     
    construxboy likes this.
  6. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksTampa Bay BuccaneersOrlando CityLazio

    That’s not true, I contribute whatever I want to my SEP based on the wages I pay myself. That far exceeds what a Roth can do
     
  7. momux

    momux AFAM Scholar
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    North Carolina TarheelsCarolina PanthersChelsea

    Cool but that’s not what we are talking about here.
     
  8. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksTampa Bay BuccaneersOrlando CityLazio

    It’s in the context of your original point
     
  9. Jimmy the Saint

    Jimmy the Saint It's like the Weimar Republic in that place
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    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    There are so many factors that go into determining what the best approach is. People who will be straight W-2 for life it's a little easier (but far from straight forward). Small business owners have a lot of room to really set themselves up well or totally fuck themselves, just need a CPA and/or CFP on your side who can advise.

    In general though it's hard to argue against having a mix of pre-tax and post-tax pools to draw from. Lots of bracket manipulation opportunities exist.
     
  10. Tammy Chiggers

    Tammy Chiggers Well-Known Member
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    I don't think he understands time value of money and tax brackets
     
  11. Joystick Izzy

    Joystick Izzy Well-Known Member
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    Sportfan likes this.
  12. Sportfan

    Sportfan From Six to Dumptime

    Anyone have an HSA (or advice on them) and use it as a tax deferral retirement account of sorts? I guess I didn’t realize my new employer offers this (thought it was FSA) and I’ve been contributing a minuscule amount to it.

    I’m going to be into the 30% brackets this year and am looking for ways beyond maxing out my 401k contribution to defer some taxes. I have a long term medical condition so this feels quite appealing but not sure what I should look out for here.
     
  13. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    yes

    great option if you don't have many medical expenses and are cool being in a high deductible plan
     
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  14. Sportfan

    Sportfan From Six to Dumptime

    Thanks, edited my post because I was wrong about my options. Gonna put the post back even though I’m a dumbass.
     
    Lyrtch likes this.
  15. billdozer

    billdozer Well-Known Member
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    Clemson TigersCarolina Panthers

    Yes, they're very good since they are triple tax advantaged. You can also just pay for medical expenses as normal and not use the HSA and let it build up. Just save your receipts, and if you need the money, you can then get the money out equal to the receipts, similar to an emergency fund.
     
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  16. Vinegar Strokes

    Vinegar Strokes Fire Dantonio
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    Michigan State SpartansDetroit LionsDetroit Red WingsTiger WoodsDetroit Tigers

    Does your HSA have a minimum for the cash account? Mine is $2k. Im guessing that’s normal?.
     
  17. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    mine has this also

    think its mandated
     
    Vinegar Strokes likes this.
  18. billdozer

    billdozer Well-Known Member
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    Clemson TigersCarolina Panthers

    Yeah.
     
    Vinegar Strokes likes this.
  19. Struggler

    Struggler Well-Known Member
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    Ohio State BuckeyesLSU TigersCincinnati RedsCincinnati Bengals

    My HRA cannot be accessed but for medical bills.
    “I’d like access to the money and I am fine with paying a penalty and taxes.”
    “You cannot use funds accept for medical expenses.”

    Any other account for an emergency fund would be advised. Medical expenses? None better.
     
  20. Joystick Izzy

    Joystick Izzy Well-Known Member
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    If you have a high deductible health plan, HSA is a must. At worst, it’s an IRA during retirement. At best, it’s tax-free money for health expenses now and in retirement. I max mine every year. It’s not nearly as valuable to your heirs as an IRA, though, so optimally you use it up before you die for all health expenses and secondarily as a tax-deferred retirement money similar to 401k or IRA.
     
    PAHokie and Sportfan like this.
  21. billdozer

    billdozer Well-Known Member
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    Clemson TigersCarolina Panthers

    I know. You save your medical receipts but don't pay using the HSA. At a later time, you can then submit all of the receipts at once and get all of the money equal to the sum of the receipts out of the HSA, if you want. Or you don't bother and let it build over the years.
     
    #10971 billdozer, Jul 28, 2019
    Last edited: Jul 28, 2019
    Ty Webb likes this.
  22. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    i just bought some BYND calls going into earnings in 5 minutes.

    how much am i going to lose?
     
  23. PeterGriffin

    PeterGriffin Iced and/or sweet tea is for dirty rednecks.
    Florida State SeminolesAustin FCTottenham HotspurAvengers

    -24 cents a share compared to -.08 expected

    So a bit?
     
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  24. Gallant Knight

    Donor
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    they raised full year guidance on revenue. looks like it's pretty flat.
     
  25. RockHardEnis39

    RockHardEnis39 StEvIS_iN_cBuS/LandlordBob stalks me
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    I don't touch my HSA (barring a major medical issue). Max it out every year. Save that shit.
     
    lechnerd likes this.
  26. texasraider

    texasraider thanks
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    :chrispaulnoooo:
     
    Gallant Knight likes this.
  27. PeterGriffin

    PeterGriffin Iced and/or sweet tea is for dirty rednecks.
    Florida State SeminolesAustin FCTottenham HotspurAvengers

    What'd you buy at? I imagine like 230 ish?
     
  28. Gallant Knight

    Donor
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    haha yeah the secondary offering is no bueno
     
  29. texasraider

    texasraider thanks
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    I bought some MDR puts right before closing (down 27% in after hours) :rain:

    And I sold my MYL calls today for 110% gainz :moar:
     
    #10979 texasraider, Jul 29, 2019
    Last edited: Jul 29, 2019
    lechnerd and Gallant Knight like this.
  30. letan

    letan Just looking for the gator board
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    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    BYND throwing out a secondary like all the shitty biotechs that I used to let burn me
     
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  31. The Blackfish

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

    Just realized that my company’s service contribution (in addition to their 6% match) went up from 2% to 3% for me a few weeks ago based on my years with the company.

    Cool.
     
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  32. letan

    letan Just looking for the gator board
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    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    I’m moving up to 3% from 2% this year as well based on service years
     
    The Blackfish likes this.
  33. billdozer

    billdozer Well-Known Member
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    Clemson TigersCarolina Panthers

    I moved up from 5% to 6% in my cash balance this year for service years.
     
    letan likes this.
  34. billdozer

    billdozer Well-Known Member
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    Clemson TigersCarolina Panthers

    Congress Has a Dangerous Idea for Your 401(k)
    Ethan Schwartz
    BloombergJuly 29, 2019, 11:00 AM UTC

    (Bloomberg Opinion) -- Saving for retirement can be a perilous endeavor in the U.S., thanks in part to the Trump administration’s moves to weaken safeguards against unscrupulous sellers of financial products. Now Congress is poised to make things worse -- by undermining protections governing the country’s most popular investment vehicle, the 401(k) plan.

    Named after a once-obscure 1978 provision in the tax code, the 401(k) allows people to set up retirement-savings accounts through their employers, with income taxes deferred until the money is withdrawn. Employers and their chosen administrators assume fiduciary responsibility for the plans, meaning that they’re supposed to offer a menu of sensible investment options. Ideally, these include low-fee mutual funds, sometimes targeting a specific retirement date.

    Amid growing concern about the number of people financially unprepared for retirement, Congress is considering tweaking how the 401(k) works. The overall intent of the relevant bipartisan legislation, known as the SECURE Act in the House and RESA in the Senate, seems admirable: Encourage people to save more. Among other provisions, the bills could help small employers band together to create efficient 401(k)s, and increase age limits for contributions to tax-deferred accounts.

    Yet the bills also seek to encourage a currently rare option in 401(k) plans: annuities. In principle, this could be wonderful, if the bills permitted only true annuities -- that is, investments that pay a guaranteed, fixed sum of money each year -- and if the fees they charged savers were kept in check. Unfortunately, neither is the case.

    Many annuities sold in the U.S. are complicated, overpriced products with payments determined by sometimes deceptive formulas that even sophisticated investors struggle to understand. Worse, the legislation specifically frees 401(k) providers from any hard obligation to pick the lowest cost products, allowing them wide leeway to consider a range of factors. That’s startling, given that excessive cost is the single greatest critique leveled against both 401(k) plans and many forms of annuities.

    Granted, it’s possible that 401(k) providers will work with insurance companies to offer annuities with genuinely transparent, predictable streams of retirement income. The providers’ fiduciary duty should hold them to a higher standard than the insurance agents who typically peddle the worst products. Yet given 401(k) plans’ mediocre track record, coupled with the insurance industry’s long track record of selling inappropriate products, I wouldn’t bet on it.

    Why would legislators expose savers to such risks? I won’t speculate, but I will note one potentially relevant fact: Over the past 30 years, according to OpenSecrets.org, people and entities associated with three organizations -- Mass Mutual Life Insurance, FMR (the parent company of Fidelity Investments) and the National Association of Insurance and Financial Advisors -- have collectively been the largest donors to Congressman Richard Neal, who introduced the legislation in the House.

    Congress should make substantive fixes before it sends the legislation to President Trump’s desk. Specifically, limit the “safe harbor” that shields 401(k) providers from liability, making it apply only to true fixed annuities. Explicitly place the burden of proof on fiduciaries to justify any inclusion of a higher-cost investment option in a 401(k). Lastly, require plan fiduciaries to evaluate and justify the expected returns on annuities and other proposed investment options compared with low-cost bond and equity index funds.

    Otherwise, instead of helping secure Americans’ retirements, Congress could end up making them even more vulnerable.
     
    HuskerInMiami likes this.
  35. kentucky_dawg

    kentucky_dawg Fan of: Georgia :\
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    Georgia Bulldogs

    Do you have kids? Just curious how often you're at the doctor, etc. I'm assuming you just pay out of pocket for any general visits?
     
  36. RockHardEnis39

    RockHardEnis39 StEvIS_iN_cBuS/LandlordBob stalks me
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    Penn State Nittany LionsSan Francisco GiantsPhiladelphia FlyersLiverpool

    I have a less than one year old. I have a pre ACA high deductible for me that I can't add anyone to without jacking up my premium so my son has his own policy
     
  37. construxboy

    construxboy xenForo is the new TMB
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    North Carolina TarheelsPenn State Nittany LionsBuffalo SabresArsenal

    This.
     
  38. kentucky_dawg

    kentucky_dawg Fan of: Georgia :\
    Donor
    Georgia Bulldogs

    How many doctor's visits would you say you typically have in a given year (especially now with a < 1 year old)? Just curious what your out of pocket looks like in a given year.
     
  39. texasraider

    texasraider thanks
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    Texas RangersKansas City ChiefsTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    sold for 533% profit
     
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  40. RockHardEnis39

    RockHardEnis39 StEvIS_iN_cBuS/LandlordBob stalks me
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    Penn State Nittany LionsSan Francisco GiantsPhiladelphia FlyersLiverpool

    We've been lucky that the only visits have been scheduled checkup for shots, so every 2 months or so. I'm not sure what those cost for him since his plan is a hmo and he met his deductible being born.
     
    kentucky_dawg likes this.
  41. Gallant Knight

    Donor
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    The haters are going to be very mad when BYND closes at like 215
     
    texasraider likes this.
  42. Gallant Knight

    Donor
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    Broke to $204.5 before heading back down
     
  43. texasraider

    texasraider thanks
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    Which calls do you own?
     
  44. Gallant Knight

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    The ones I bought yesterday I don’t want to talk about :(

    This morning I bought some $220s that expire Friday for $2
     
    texasraider likes this.
  45. Gallant Knight

    Donor
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    got up to 217 and now back between 206-209
     
  46. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    there is like a 10% chance this thing closes green after being down 17% at the open
     
    texasraider likes this.
  47. texasraider

    texasraider thanks
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    about the same chance beyond meat is still a company in ten years
     
    Gallant Knight likes this.
  48. texasraider

    texasraider thanks
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    bought PRTY $10 calls expiring January
     
  49. Gallant Knight

    Donor
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    it was a lot more fun when BYND was at 214 than at 204 an hour later
     
    texasraider likes this.
  50. JeremyLambsFace

    JeremyLambsFace For bookings contact Morgan at 702-374-3735
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    What is the price now GK it's been 33 minutes without an update
     
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