Anyone have any good podcasts they listen to? I have a poker background and stumbled across Brandon Adams podcast. It’s pretty solid. He’s a little frustrating because of his cadence but he gets strong guests and it’s a good market/econ/poker mix.
Bogleheads on Investing Boxes + Lines Focused Compounding Invest Like The Best Motley Fool’s Industry Focus Odd Lots Real Vision (depends on the guest) And Squawk/Mad Money for background noise.
Lol, I buy 1 VOO every two weeks in my brokerage account after maxing out Roth IRA and 11% 401K. WTF do you do that you can buy 30 at a time?
Story time….. Yesterday I bought 100 $NOW 670s that expired today for $0.63 this morning about 20 minutes after the market opened I sold them for $2.00 so I basically turned $6,300 into $20,000 If I had held onto them for another 90 minutes i could’ve sold them for $8.00 So left $60k on the table I want to puke
Next time share it, I'll join in and no profits will be had by either of us. Congrats tho, profits are profits. I'm balls deep in a crypto video game play, thats how my year in the stock market has gone.
I bought some KWEB commons and 2023 $50c last week. Plan to hold for a while Took profit on SE today.
Does anyone hold RETIs, VNQ for example, in their Roth accounts? Debating if I should add some exposure, tho I’m pretty sure I have a small amount through VTSAX.
Any thoughts on Apple with the drop yesterday? Have some cash on the side and drops like that don't happen all that often.
I would. Apple is a long hold from me even though half their profits come from the iphone and they are heavy in China.
New proposed bill would eliminate the backdoor and megabackdoor Roths https://www.cnbc.com/2021/09/13/hou...ew-retirement-plan-rules-for-the-wealthy.html
This stings but being diligent helps mitigate the reverse version of this story from happening - Goes up to $2.00, you get greedy and all the sudden it goes to .30.
Not sure who else to tell, but just submitted a payoff for my student loans that have hung around way too long due to the first handful of years being on terrible repayment options. Was making 2.5 payments a month the last 2 years and finally just said screw it and paid it off today. Plan is to “reimburse” my savings for the next few months and then hopefully will have a chunk of that extra cash going into the market.
Fuck "seeing your kid for the first time" or whatever. Seeing your loan finally go up $0 is the best feeling in the world
No. It kills backdoor Roth conversions in IRAs and 401ks for everyone. 10MM accounts have a "super" RMD and Roth conversion ladder is killed for >400k income. So those last two are immaterial to normal people. The other two would impact more people though. But like has been pointed out, these are loopholes. "Furthermore, this section prohibits all employee after-tax contributions in qualified plans and prohibits after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after December 31, 2021." https://waysandmeans.house.gov/site...ns.house.gov/files/documents/SubtitleISxS.pdf
hopefully the bills gets passed on time ~Oct 1stish going to be perturbed if I sideline the 12k for Jan 1st and it goes away
Same. I might end up having to do something fun with my money like buy a boat - the thought of it disgusts me!
I'm in the range where I am well under the income limit for contributions to regular Roth IRAs but have money leftover after maxing IRAs/401k that I could put some into the MBDR. I would just shift it into the regular brokerage account instead.
Could be wrong, but I think you said previously that you're the sole wage earner in the family. Do you also max out your wife's 401k, whatever that non-working 401k max is?
Wife is a stay at home mom, so there is no 401k possibility. So we do my 401k, two Roth IRAs, and an HSA. Then 3 529s and some to MBDR and a pittance to a brokerage account. Including matching, currently saving 48% of gross income.
Actually, removing the accredited investor requirement would open up IRA investment opportunities for more people, and could be riskier for people who don't qualify for that accreditation.
Beijing is gonna let Evergrande go but it’s a high wire act to let the company and stock holders lose it all but not impact the average Chinese buyer of the thousands or millions of apartments under construction. FWIW I think this will be more of a tremor than an earthquake. Evergrande is going under because of its capital stack and lack of cash, not it’s business or the Chinese housing market especially if Beijing is heading the direction of “common prosperity”. It may be a hell of a tremor though.
Finance Media been trying to create a 10% pullback for like 6 weeks now. This plus McConnell seem to be what they needed.