Official Investing Thread

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

  1. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    update--it's not going green today!

    that was fun while it lasted
     
  2. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    update--it's getting titted
     
    texasraider and letan like this.
  3. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa



    hopefully this bro is correct
     
  4. PeterGriffin

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

    Technical analysis is 99% bullshit.
     
  5. kinghill

    kinghill Well-Known Member
    Donor
    Miami MarlinsFlorida Atlantic OwlsMiami DolphinsMiami HurricanesFlorida Panthers

    lol this is just like the bitcoin thread cool
     
  6. InZahnWeTrust

    InZahnWeTrust Well-Known Member
    Auburn TigersPhiladelphia PhilliesPhiladelphia 76'ersPhiladelphia EaglesPhiladelphia Flyers

    Tbh after you get your employer 401k match I would shoot for your HSA limit before 401k since you can actually use those funds for qualifying medical expenses tax free, and most if not all HSA providers allow you to invest your funds similar to 401k options. Once you hit retirement age you can take distributions from it just like any other retirement account. You can only contribute while in a high deductible plan, but you keep every dollar that you contributed and can always use it for health expenses once it is funded regardless of whether you stay on a high deductible plan in the future.

    HSAs are the shit.
     
    Lipp, Joystick Izzy and PAHokie like this.
  7. PAHokie

    PAHokie Can't a bitch living say I bought her Michael Kors
    Donor
    Virginia Tech HokiesPittsburgh PenguinsAtlanta Braves

    Just upped mine this quarter to pretty much max it out.
     
    InZahnWeTrust likes this.
  8. InZahnWeTrust

    InZahnWeTrust Well-Known Member
    Auburn TigersPhiladelphia PhilliesPhiladelphia 76'ersPhiladelphia EaglesPhiladelphia Flyers

    After a few years of hitting mine hard, I have multiple years of deductibles covered and have at least 50% of the account balance going straight into the S&P fund that’s offered.
     
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  9. PAHokie

    PAHokie Can't a bitch living say I bought her Michael Kors
    Donor
    Virginia Tech HokiesPittsburgh PenguinsAtlanta Braves

    I was just rolling with the difference in paycheck deductions and the $500/yr my company throws in there, but realized I could/should be saying move. I should probably look into what I’ve got that money doing next.
     
    InZahnWeTrust likes this.
  10. PeterGriffin

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

    Bottom has fallen out a bit, below the wise @JTSEO9's lowest line of 184. At what point did you bail out?
     
  11. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    Yesterday around 2

    I think it was mid 190s

    Lost a lot
     
  12. HuskerInMiami

    HuskerInMiami Well-Known Member
    Donor
    Miami DolphinsNebraska Cornhuskers

    Now at 175 down 10% today
     
  13. PeterGriffin

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

    F in the chats.
     
  14. tropicalstormcock

    tropicalstormcock Well-Known Member
    Donor

    MCEP had a day today. Got me back to break even on it
     
  15. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    now officially have $150,000 with these people spread over 5 deals. started in march 2018. hopefully will get some $ back at some point

    https://www.trinitypeg.com/
     
  16. letan

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

    I first read this as $150 million and was like god damn
     
    Gallant Knight and Wallcoq like this.
  17. Willpépé

    Willpépé Miles of D.
    Donor

    I think that’s a different forum.
     
    PAHokie, letan and Gallant Knight like this.
  18. Ty Webb

    Ty Webb A donut without a hole, is a Danish.
    Donor
    Nebraska CornhuskersChicago CubsChicago BullsDetroit LionsChicago BlackhawksTiger Woods

    Gallant Knight likes this.
  19. texasraider

    texasraider thanks
    Donor
    Texas RangersTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    I know a couple people that work there
     
    Gallant Knight likes this.
  20. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    they are really easy to work with and a lot of their deals are interesting.

    we've had to set up LLCs and get a couple of people involved when we want to invest because their minimums are usually 75k per deal
     
    texasraider likes this.
  21. texasraider

    texasraider thanks
    Donor
    Texas RangersTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    anything in O&G?
     
  22. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    i've only done real estate stuff with them. i think they have a huge investor list, and only send certain deals to certain people. i haven't seen anything related to o&g
     
  23. texasraider

    texasraider thanks
    Donor
    Texas RangersTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    good. stay away. I spend a lot of VC money and PE money very frivolously
     
  24. Houndster

    Houndster Ball don't lie
    Staff Donor

    Glu Mobile and Square :tebow:
     
  25. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    i grew up in corpus and know a bunch of oil and gas people. i have zero desire to do anything in that field.
     
    Sportfan likes this.
  26. Ty Webb

    Ty Webb A donut without a hole, is a Danish.
    Donor
    Nebraska CornhuskersChicago CubsChicago BullsDetroit LionsChicago BlackhawksTiger Woods

    No shit? You happen to know one that's a full blooded cajun from Thibodaux? In his early 70s now...
     
  27. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    if you pm me his name it's possible
     
  28. texasraider

    texasraider thanks
    Donor
    Texas RangersTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    Hunted alligators for a living?
     
  29. Ty Webb

    Ty Webb A donut without a hole, is a Danish.
    Donor
    Nebraska CornhuskersChicago CubsChicago BullsDetroit LionsChicago BlackhawksTiger Woods

    Engineer for a living. Hunts gators for a hobby.
     
  30. texasraider

    texasraider thanks
    Donor
    Texas RangersTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    I was making an Amos Moses joke

     
  31. Sportfan

    Sportfan From Six to Dumptime

    In need of overall investing advice. First to admit I’ve sat on the sidelines lately (lot of money in high yield savings) and there's nothing more to it than being uneducated and scared about investing.

    I’ve spent a good chunk of time the past two weekends reading about potential strategies and while I feel much more educated on overall investing and retirement planning I’m still lost as to my best possible path forward.

    I have a large sum of funds I want to invest but I also have monthly disposable income I’ll want to invest as well. Is this where I might diversify between something like an ETF and a mutual fund?

    From my reading/watching I’m thinking I want to invest in funds that don’t produce/invoke capital gains, especially short term. Would this mean ETF’s are my best bet? Secondarily which “type” of account gives me the best tax shelter? I currently max out my 401k and am operating in a high bracket.

    Thanks
     
  32. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelsea

    Backdoor Roth IRA and max your HSA.
     
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  33. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Tax shelters are your 401k (which you are already doing), IRAs (only available if you income hasn't phased you out, and the HSA. You can also see if your work will let you do backdoor Roths, which could let you do 56k into your 401k/year. Otherwise, see the below links for other suggestions for a taxable account:
     
    Sportfan likes this.
  34. The Blackfish

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

    Total Stock Market Index Fund or ETF
     
  35. kentucky_dawg

    kentucky_dawg Fan of: Georgia :\
    Donor
    Georgia Bulldogs

    Just to be clear, only the Roth has salary contribution limits. You can still contribute to a Traditional IRA (and roll over into a Roth via the backdoor strategy mentioned above).
     
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  36. texasraider

    texasraider thanks
    Donor
    Texas RangersTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    approaching 600 points off the dow. glad I have some powder in the keg
     
    Sportfan likes this.
  37. PeterGriffin

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

    So this is China's fault, right?
     
    Sportfan likes this.
  38. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosAston Villa

    would love DB to keep falling i have a couple thousand $6 puts that expire in July that i got for 7 cents a pop
     
  39. Houndster

    Houndster Ball don't lie
    Staff Donor

    There are limits on the deductibility of your traditional contributions if you’re also using a 401k, but that wouldn’t matter if you’re backdooring.
     
    kentucky_dawg likes this.
  40. kentucky_dawg

    kentucky_dawg Fan of: Georgia :\
    Donor
    Georgia Bulldogs

    Interesting, I didn't know that. Can you provide a little more information, I'm not finding anything on Google around that scenario.
     
  41. Houndster

    Houndster Ball don't lie
    Staff Donor

    kentucky_dawg likes this.
  42. RockHardEnis39

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

    Correct. I can't take traditional IRA deductions but I don't care since I'm back dooring

    https://www.thebalance.com/are-you-eligible-for-the-ira-deduction-it-depends-2388981
     
    kentucky_dawg likes this.
  43. kentucky_dawg

    kentucky_dawg Fan of: Georgia :\
    Donor
    Georgia Bulldogs

    Just out of curiosity, what was the initial intention of allowing a backdoor into a Roth IRA with no contribution limits, but imposing a limit on normal contributions to a Roth IRA?
     
  44. pennstate2012

    pennstate2012 Well-Known Whore
    Donor
    Pittsburgh SteelersPenn State Nittany LionsPittsburgh Penguins

    There’s still a limit on backdooring. The IRA limit is the same no matter if it’s a deductible, non-deductible or Roth contribution.

    Edit: misread the question.
     
    #11046 pennstate2012, Aug 7, 2019
    Last edited: Aug 7, 2019
    kentucky_dawg likes this.
  45. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I think it is basically a loop hole that may get closed at some point.
     
    momux and kentucky_dawg like this.
  46. Frankie Carbone

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

    Taxable obligations
     
    kentucky_dawg likes this.
  47. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelsea

    Please explain what you mean by this.
     
    kentucky_dawg likes this.
  48. Frankie Carbone

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

    I don’t think there’s a specific reason that pinpoints why it’s out there to do except it being a “clever” way to manipulate taxes
     
    Ty Webb and construxboy like this.