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Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.
update--it's not going green today!
that was fun while it lasted
update--it's getting titted
hopefully this bro is correct
Technical analysis is 99% bullshit.
lol this is just like the bitcoin thread cool
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.
Just upped mine this quarter to pretty much max it out.
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.
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.
Bottom has fallen out a bit, below the wise @JTSEO9's lowest line of 184. At what point did you bail out?
Yesterday around 2
I think it was mid 190s
Lost a lot
Now at 175 down 10% today
F in the chats.
MCEP had a day today. Got me back to break even on it
now officially have $150,000 with these people spread over 5 deals. started in march 2018. hopefully will get some $ back at some point
I first read this as $150 million and was like god damn
I think that’s a different forum.
know these guys well. worth a look https://www.martiscapital.com/
I know a couple people that work there
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
anything in O&G?
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
good. stay away. I spend a lot of VC money and PE money very frivolously
Glu Mobile and Square
i grew up in corpus and know a bunch of oil and gas people. i have zero desire to do anything in that field.
No shit? You happen to know one that's a full blooded cajun from Thibodaux? In his early 70s now...
if you pm me his name it's possible
Hunted alligators for a living?
Engineer for a living. Hunts gators for a hobby.
I was making an Amos Moses joke
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.
Backdoor Roth IRA and max your HSA.
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:
Total Stock Market Index Fund or ETF
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).
approaching 600 points off the dow. glad I have some powder in the keg
So this is China's fault, right?
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
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.
Interesting, I didn't know that. Can you provide a little more information, I'm not finding anything on Google around that scenario.
Correct. I can't take traditional IRA deductions but I don't care since I'm back dooring
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?
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.
I think it is basically a loop hole that may get closed at some point.
Please explain what you mean by this.
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