Official Investing Thread

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

  1. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    If I’m reading this right, the only penalty for cashing it out before 5 years is you forfeit the previous 3 months of interest, is that correct?

    Have to keep it at least 12 months.
     
  2. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Yes. You are limited to buying $10,000 per year per SSN.
     
  3. Smuggy

    Smuggy Well-Known Member
    Alabama Crimson Tide

    It looks like they can’t aren’t tax exempt for education if the married couple makes over about $150k combined.
    Edit- that was from an article a few years ago
     
    #26003 Smuggy, Oct 14, 2021
    Last edited: Oct 14, 2021
  4. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    Just sold half of this at $340 per contract (140%). All costs removed. Letting the rest ride and hopefully exercise

    Bought some DNN and UUUU with the proceeds. Going to sit back and watch uranium prices go exponential
     
    #26004 The Milkman, Oct 14, 2021
    Last edited: Oct 14, 2021
    HuskerInMiami and letan like this.
  5. Arliden

    Arliden Well-Known Member
    Donor

    dozer you invest on the uranium side of things at all?
     
  6. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    No
     
  7. Arliden

    Arliden Well-Known Member
    Donor

    Just curious with your line of work.
     
  8. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I'm pretty far removed from that part of it, so I rarely hear about it. Plus, our site gets free fuel because of supplier screw ups a long time ago.
     
    HuskerInMiami likes this.
  9. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    Uranium right on schedule. DNN, CCJ, UUU all up nearly 10%
     
    HuskerInMiami likes this.
  10. IV

    IV Freedom is the right of all sentient beings
    Donor TMB OG
    Alabama Crimson TideUAB BlazersDemocratAvengersBirmingham LegionUnited States Men's National Soccer Team

  11. letan

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

    how we feeling about vale? I threw a dart at it last week. bought some March calls so have plenty of time
     
  12. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    I feel good about. I've been accumulating shares in anticipation for that 18% dividend. Miner stocks move in waves, just keep an eye on steel and copper
     
    letan likes this.
  13. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    The SEC report on HOOD and GME is such a fucking joke
     
    FelipeG likes this.
  14. NothingIsOT

    NothingIsOT Prom pic
    Donor
    Miami DolphinsFlorida PanthersDetroit TigersMiami Heat

    BABA is such a beast. Printing money.
     
    The Milkman, fish and letan like this.
  15. Sportfan

    Sportfan From Six to Dumptime

    We are breakeven boys! Follow me for more awesome investing advice.
     
    Doc Louis, fish and Tug like this.
  16. citrodong

    citrodong We're a cold fucking bean team.
    UCF KnightsIndianapolis Colts

    If anyone wants to help me think through this situation it would be helpful.

    - My grandma died and left me about 60k

    - She left my kids about 20k each

    The 60k is in an inherited IRA which gives me up to 10 years to withdraw it and I'd owe taxes on it as it is disbursed.

    I'm 35 now so I'll be 45 at the oldest when I have access to the full amount. I have no debt that I'd want to pay off and I have no immediate needs. My retirement account is sort of just OK at the moment

    I did the math on some situations and it can get to around 130 -150 in an ETF in 10 years. Thats great but it doesn't exactly change my life or anything. I wasn't expecting an inheritance and so I've started to lean towards the idea of just throwing it into leveraged ETFs like UPRO or TQQQ.

    If I can get 25-30% over 10 years it has the potential to grow into an amount that would allow me to just retire at 45 and use the money to get me by until my 401k and IRAs could be accessed.

    Is this stupid as fuck?
     
  17. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Probably. You have to make sure you understand how those funds work. They reset each day. Best case, I would try the hedgefundie exercise (https://www.bogleheads.org/forum/viewtopic.php?t=272007).

    But I would recommend just putting it in S&P or total stock.
     
  18. Sportfan

    Sportfan From Six to Dumptime

    Idk about stupid as fuck but there might be even more leveraged ways to really boom or bust. Those leveraged ETFs are not designed for long term holds though. Flat markets will crush you I think.
     
  19. ohhaithur

    ohhaithur e-Batman
    Donor

    putting that large of a percentage into a leveraged etf is incredibly dangerous. "The market takes the stairs up and the elevator down" may not be as true as it used to be but you really could be fucking yourself up
     
    IV and Ty Webb like this.
  20. letan

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

    I will concur that you should not put it all in a leveraged etf
     
    The Hebrew Husker and Ty Webb like this.
  21. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    withdraw it best leveraging the tax situation

    throw it in a broad market fund and ignore it for twenty years

    gambling it is a bad idea and you're far more likely to get wrecked that way
     
    Doc Louis, letan, All_Luck and 3 others like this.
  22. citrodong

    citrodong We're a cold fucking bean team.
    UCF KnightsIndianapolis Colts

    The point is kinda that I can't get wrecked. This money was never part of any broader plan so why not be more reckless for a chance to actually have life changing money in a decade?
     
  23. FelipeG

    FelipeG Well-Known Member

    That seems like a decent amount to have a good time in Vegas for a week.
     
    BigReff73, DuffandMuff and Hatfield like this.
  24. citrodong

    citrodong We're a cold fucking bean team.
    UCF KnightsIndianapolis Colts

    But you guys are probably right. I'll likely think of a way to roll traditional ETFs into this just to be safe.
     
    MORBO! likes this.
  25. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    thats still just gambling, which is fine
     
  26. MORBO!

    MORBO! Hello, Tiny Man. I WILL DESTROY YOU!!!!
    Donor
    New York GiantsNew York YankeesAtlanta UnitedUCF Knights

    Yea, there's no reason to YOLO this. Sure, it won't be an instant life changer, but it can make your life a hell of a lot more comfortable in 15-20 years.
     
  27. ohhaithur

    ohhaithur e-Batman
    Donor

    No matter where it came from, now it's your money and it's the same as all of the other money you have
     
  28. Ty Webb

    Ty Webb Living rent free in Jigga's head
    Donor
    Nebraska CornhuskersChicago CubsChicago BullsDetroit LionsChicago BlackhawksTiger Woods

    To reiterate the rest of the replies, stay the fuck out of leveraged ETFs for a long-term hold. VTI or other broad market ETFs make the most sense.
     
    All_Luck and ohhaithur like this.
  29. citrodong

    citrodong We're a cold fucking bean team.
    UCF KnightsIndianapolis Colts

    This is something I have done this year and I'll try to do every year primarily by topping off my IRA 401k and HSA with funds from this account. But I'm not trying to just be rich when I'm old. I want to hold some of this back for more comfortable living between 45 and 65 since this would be accessible and the retirement accounts won't be.
     
    Ty Webb likes this.
  30. citrodong

    citrodong We're a cold fucking bean team.
    UCF KnightsIndianapolis Colts

    I've always heard leveraged ETFs are bad for long term. My counterpoint is the results they get over the long term. They are just consistently much better across all time horizons more than a few months. Maybe the benefit of leverage outweighs the daily settling. I don't think now is the time to do it when we are near ATHs because you guys are right about the risks and the way I'm thinking about the money but if the market takes a shit I'll probably reassess.
     
  31. Ralph

    Ralph Well-Known Member
    Donor

    Put it all in Trump Media. Those idiots will probably take this to $500
    https://finance.yahoo.com/quote/DWAC?p=DWAC&.tsrc=fin-srch
     
    am16401 and Hatfield like this.
  32. citrodong

    citrodong We're a cold fucking bean team.
    UCF KnightsIndianapolis Colts

    construxboy likes this.
  33. Sportfan

    Sportfan From Six to Dumptime

    I agree with gambling here only if you can create the top end potential sum when you do hit.

    I’d love to hear from folks the highest variance method to running this up in a hurry. Just play options around earnings?
     
  34. Houndster

    Houndster Well-Known Member
    Donor TMB OG

    Put it all into crypto ETFs / funds
     
  35. WC

    WC Bad Company, ‘til the day I die.
    Donor TMB OG
    North Carolina State WolfpackAtlanta BravesCarolina PanthersCarolina HurricanesUnited States Men's National Soccer Team

    Just buy BTC
     
  36. citrodong

    citrodong We're a cold fucking bean team.
    UCF KnightsIndianapolis Colts

    It's in an IRA I'd have to buy BITO or something and I don't know if that's priced right yet
     
  37. letan

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

    short dated out of the money options on a volatile stock. go broke or get rich. yolo

    *don’t do this*
     
    ScFan27 and construxboy like this.
  38. user15000

    user15000 Well-Known Member

    Buy GBTC. When it turns into a spot etf in a year, you can pick up the 15+% discount to NAV that’s automatic plus own spot btc.
     
  39. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

  40. burnttatertot

    burnttatertot the tastiest of tots
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    With so much BA, INTC and LMT I took a beating today.
     
  41. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    I own BA, that sucked.

    Picked up some PDD shares this morning.
     
    burnttatertot likes this.
  42. Sportfan

    Sportfan From Six to Dumptime

    Every day we are nicely up then fade into the finish. Interested to see how today goes with aapl and amzn earnings after the bell.
     
  43. Sportfan

    Sportfan From Six to Dumptime

    Welp, Apple and Amazon are human after all. :ohdear:
     
  44. Sportfan

    Sportfan From Six to Dumptime

    Added to VOO 29 @422.88

    Keep “having” to buy at all time highs. Guess that’s a damn good thing.
     
    The Milkman likes this.
  45. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    There's still 4.5 trillion on the sidelines. But yea I feel weird buying ATH as well.

    FCEL is a machine. I've moved my stop loss up a couple times today
     
  46. Seavie

    Seavie Loading tweet...
    Donor TMB OG
    Alabama Crimson Tide

    I look it at as what if you didn't buy? A month from now that's unrealized gains you would have missed out on. I'm pretty much buying in twice a month if I can. And if it's down on one of those days? Oh well getting it at a discount.
     
    Sportfan likes this.
  47. The Blackfish

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

    I’m jealous of the quantity and frequency of Sportfan VOO purchases
     
  48. Seavie

    Seavie Loading tweet...
    Donor TMB OG
    Alabama Crimson Tide

    [​IMG]
     
    The Blackfish and Sportfan like this.
  49. Sportfan

    Sportfan From Six to Dumptime

    Yup, fortunate to have consistent, large amounts of disposable income at the moment. Spent this weekend looking into some slightly higher dividend producing ETFs that aren’t pure value plays but didn’t find anything I loved. Shit VOO has nearly a 2% yield and is growing so just sticking with it for now.
     
    fish and The Blackfish like this.