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Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.
2008 took years
2018 took 6 months
2020 took 4 months
People buy every dip no matter how small.
the way to really make money in the crypto space is to be friends with people setting up the defi ponzi schemes so you get in early and can get out before the rug pull
Comparing 2008 to the other two time periods is apples to oranges but that’s another topic.
But yes what goes down comes back up in the equity market. The people who sell on the way down end up buying again, that’s nothing new.
I’ve been doing a ton of reading/watching on the monthly dividend stocks using covered calls to gain premium. It’s an interesting concept, but ultimately since the NASDAQ100 has been such a rocket ship since 2008 they all get grossly outperformed by the tried and true QQQ.
Now in flatter markets I see them as a nice hedge, or if you have a dividend strategy and want to have another fund that doesn’t have all the high yield stocks like SCHD then I think they can be quite good. There are also some middle of the road options I think like QQQx maybe which try to split the difference.
One of those things where at face value QYLD touting 11-12-% annual dividend yield with monthly payments sounds awesome but you’d have left massive gains on the table vs just buying QQQ.
Damn just saw RIVN got all the way to 180 then took a dive. What happened? People just take their money and ran?
I’m not going to lie I’ve contemplated doing something similar to citrodong in the past. Makes sense in this market. If I come into some fun money I’ll probably do the same.
*throws 10k into TQQQ in my Roth*
Maybe something like this is the move for you:
Put 60% into 3x leveraged funds of your choice
Put 40% into an all weather blend. You can google the mix
If shit hits the fan and TQQQ UPRO become insolvent you can move your 40% into whatever the new 3x fund is and ride up the recovery. Until shit hits the fan you balance monthly or quarterly from the leveraged 60% into the 40% to keep that ratio. I think this will average like 2x vs the 3x but even the 2x leveraged funds are susceptible to insolvency in catastrophic conditions, this wouldn't be.
You can do the hedgefundie method to smooth it out. Mix in TMF and rebalance.
This is 100% UPRO vs 55% UPRO/45% TMF rebalanced quarterly
I’ll probably just continue to put everything into ITOT fun money or no but it’s fun to dream
I had seriously considered putting $20,000 from my 401k into the UPRO/TMF mix back in early 2019. But just left it in ITOT. What could have been.
Any benefit to this one instead of for example SCHB?
2018 style dip would be amazing. Reset RSIs across the board.
Almost identical, ITOT has more (~1000) stocks in it and is almost twice as big, so it has more liquidity. I think it just depends on what you prefer.
I know just enough to be dangerous here. Do they weight this one more evenly across all stocks included? I think SCHB (which is what I currently put money into) is weighted pretty much to follow the S&P500, even though it is a total market ETF.
They're basically the same. Don't worry about it. All of the total market ETFs (ITOT, SCHB, VTI) are basically the same.
You should SCHG. Return is better than SCHB even tho dividends are lower. Like, substantially better (14%) since June 2020 for me.
ITOT/SCHG/VTSAX are like 99% of my retirement.
With the BBB half approved, here's where it stands
Build Back Better Act Summary
The legislation can still be substantially modified by the Senate before final passage.
The legislation may ultimately never pass.
Effects on Roth accounts:
The backdoor and mega backdoor Roth would be closed to everyone effective Jan 1, 2022.
The Roth conversion ladder would be closed to filers with $400/450k income (single/MFJ) effective Jan 1, 2032.
Effects on ACA subsidies:
The ACA subsidies for those making >400% federal poverty level (FPL) are extended through 2025.
Filers with $400/450k income would be blocked from additional IRA contributions (Trad/Roth) if their retirement accounts (IRAs and defined contribution accounts) would exceed $10M, effective Jan 1, 2029.
The same filers above would be subject to Minimum Required Distributions if their combined retirement account balances exceed $10M, with higher MRDs if the balance exceeds $20M.
Source text of HR 5376 Build Back Better Act. (PDF)
Section-by-Section Summary of the above. (PDF)
Relevant text closing the mega/backdoor Roth to all and limiting the Roth conversions for those with $400/450k income:
In order to close this so-called “back-door” Roth IRA strategy, and a similar one for retirement plans, this section prohibits all employee after-tax contributions in qualified plans and after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after December 31, 2021. In addition, the bill eliminates Roth conversions for both IRAs and employer-sponsored plans for single taxpayers (or taxpayers married filing separately) with taxable income over $400,000, married taxpayers filing jointly with taxable income over $450,000, and heads of households with taxable income over $425,000 (all indexed for inflation). This provision applies to distributions, transfers, and contributions made in taxable years beginning after December 31, 2031.
- Page 170 of the Section-by-Section Summary
- Page 2271 of the Build Back Better Act
I'm putting any leftover money into the mutual fund equivalent for SCHG. It isn't much though. I will buy however many shares I can of SCHB, then put leftover into SWLGX. Did not realize the returns were that much better though. Something to think about.
Yeah mine might have just been a timing thing but I ended up buying B and G on the same day in June of 2020 and just over 70% return on G and just over 56% on B.
Whole lotta $400k income talk, which I can easily breeze past without reading.
Soooo can you “day trade” in a traditional IRA?
Yes, or 401k. Just the 3 day settling time. I've got Fidelity Brokeragelink in my 401k, so I can buy any tradable stock or fund I want. I don't think options are allowed though.
I’ve been thinking about doing this for a Trump related NFT. I came across this coin in a discord and just had to
Brainard for Vice Chair too
Wasn’t he just recently caught insider trading?
Cool country we live in.
Powells trades were decidedly not problematic
the other fed folks who resigned after, were
Getting murdered on this, just have commons, but not a good start
My SQ shares are taking a beating as well
Black Friday babe! Load up on those deals!
Reminder - it’s a half day today.
Sold calls against shares in UPRO and TQQQ that I was not in the least bit worried about now I'm not so sure. 135 and 155 but we're pushing those closer to the money.
If you were ever interested in seeing the average balance in your company's 401k plans or other plans. Mine's at an average of $260k per person, which I'm pretty stunned at.
Not sure what we file under, not seeing it
$75k avg for 11,000 members
Jesus. We're exactly half that ($132k) and we have a fairly old, tenured workforce. 6,163 participants.
about $173k with over 280k participants
104,000,000 for 195 participants… 533k per.
$89k per it seems. Pathetic but also most of the long time employees have most of it in the pension that is no longer an option.
11 year old company with a match capped at $1,800 (up from $1,500 prior to this year) = $57,161 = turrible.
400 person with nearly $50k per, shocked it’s that high and floored by the results posted in here. Some of those averages are unreal for mid to large sized companies.
On another note, what’s everyone’s match look like? Mine is 3% unlimited.
$10,017,399,000 for 38,487 employees. We have old employees that are cycling out. I assume this includes those that haven't moved their funds out of the 401k after they retired. We have a pretty good match too and automatic enrollment, so maybe that helped. We have a good amount of good ole boys in the craft side, but the rest are pretty educated.
We have 6% for the older employees that have a cash balance plan with it. Newer ones that hired in in the last 10 years or so get 6% match plus a 4% automatic contribution.
5% match with either a 2 or 3% contribution based on how many years you’ve been with the company. 10 years to get the 3%
Members have a pension too. There is no match and most members contribute the minimum hourly contribution. 10% are new members that started contributing in the last 2 years.
I can’t find mine. My company is 0% match but 54% pension.
We have a 100% match for all employees, partners get to double match thanks to profit-sharing. Arkansas also has a state-sponsored program called the Diamond Plan that matches what I put away which is really nice.
People are pretty surprised when I tell them I didn’t just move back to arkansas for the nightlife