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Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.
all of these %’s make me super jealous. My last four W-2’s with another 4-6% that’s a lot of money left behind
This is insane, so people who max their 401k are actually having how much extra contributed each year? Partners are getting $60k a year total?
my wifes first job she would have ended up with 55k a year total between match/profit sharing/her own contributions
sad days she never got to the vesting period for that one before it imploded
Yes, I max out my 401(k) contribution each year (so this year would be 19,500), and I get that double matched for a total of 60k. I can contribute up to 19,500 to the Diamond plan each year and that gets single-matched. I also max out the family HSA each year at 7,200. So I’m putting it away pretty quickly (thankfully, since medical pathway effectively delays your saving by at least 10 years).
Wait so you’ll receive $58,500 in match this year? motherfucker that’s awesome and depressing.
I wish I hadn’t read that. Was previously pretty happy with my 9% match.
Now I’m just sitting here thinking about my abject poverty
Would posting my household’s combined student loans total be any consolation?
Arkansas has state-sponsored retirement huh. Sounds like a socialism to me
If I got a match like that I'd be retiring at 50.
Am I crazy for thinking the mouse is a good buy right now? Tanking today
And here I was thinking I would get a small discount on my monthly VOO buy tomorrow
did you get autocorrected? Not sure what this means.
I think it's been a good buy for weeks and it's tanked every day so your mileage may vary.
I like DIS at this price, but I also liked it last week at $150+ so....
I ❤ U
I should be down 4% today but I'm down 1.3%
Checked my old financial services firm I worked at. 15,000 members with an average of $127K. The max match of $1,250 when I last left was awful and I'm sure contributes to that. The workforce there was pretty old, so I thought it would be higher. If you include the ESOP and PSP it adds another $85K per person.
Back to the 1 month's salary daily swings
Pretty crazy the amount of stocks in the Nasdaq that are shitting the bed (down 25%) and it’s just being held up by the big names. It’s even happening in SPY too.
I'm in three weeks of downward spiral but I'll hold for years in necessary.
Define downward spiral?
I’m down 2.4% over the last month on the only account I’m actually managing myself. My managed accounts took initial bloodbaths but have rebounded decently.
had FOMO about the ARKK returns a while back and almost put some of my roth into it
very glad i did not
My attempt at tax avoidance strategies in the next CY has burned me.
Same here. I stuck with the bland VTI in IRA and VOO in brokerage.
Still up but I'm thankful I did the TMF thing and sold some calls against shares when I was way ahead on the 3x. I'm probably going to let them expire (1 today and 3 next week) and hopefully take the elevator back up to ATH
I had sold TQQQ calls for $150 that expired today and I moved them back a week for $5.00 which is insane to me. If we keep going down I may just sell weekly calls against my shares at $150 until it triggers.
Pretty much the same for me, except for Schwab equivalents. This week has had me pondering selling everything in those respective accounts, where I bought in each pay period, and trying to buy back in with a lump sum at a lower amount.
I would not recommend that
assuming there's no tax ramifications with this
because even without tax ramifications this is a dicey proposition, with tax hits you're guaranteed to get smoked
The tax hit wouldn't be huge. I'm still up a little overall, but nothing that would drain me.
Maybe a better idea would be to sell any shares that I bought for more than the current price... And try to buy back in lower on those? Because yeah I just realized I also have many shares that were purchased way lower than the current price.
Statistically speaking your best option is to do nothing.
We could rebound Monday and not stop for 2 years and your out of the game or eating a loss. We could hit a bottom in a week and everyone could be saying it’s a fake bottom and we rebound and you miss it. You could make a little money, you could make a lot of money. You don’t know but the odds are not in your favor.
Trying to time the market is a fool’s game.
this sell off seems to be in response to a jobs report that is basically choose your own adventure but one where 90% of it is bullish and we know the 10% that is bearish has been WAY OFF for six months with huge upward revisions
so the chance of a quick rebound seems quite likely
I generally am not a smart man. And impatient.
Would probably help if I didn't open the app every day. Because sometimes this is my mentality...
But I've never (thankfully) followed through with it.
I think everything is smoke and mirrors except for this:
Does the market reacting with this intensity to a single jobs report or a variant that has not shown to be significantly worse and CEOs are saying a vaccine can be made for in 3 months make any sense?
Especially when we are seeing tech stocks get crushed and we know they did ok in the last lockdown.
It's all a reaction to rates and the taper and everything else is just noise.
A little early to be making this statement, imo.
*so&so stock down 10% on the day*
me - holy shit I need to pick up 10-15k worth!
*so&so stock down 25% the following month*
me - why the fuck did I buy this?
*so&so stock down another 10% today*
me - holy shit I need to pick up 10-15k worth and buy my price down!
I know I fucked up but I just keep lying to myself and thinking, I'm not wrong, I just haven't been proven right yet.
Been a rough last 3-4 months. It’ll rebound over time.
I know those feels. I’m actually looking for something to invest in before the capital gains timeframe expires.
Anyone have any ideas?
Another month's salary bounce today. Look forward to a similar size down bounce tomorrow.
I picked up some DIS today.
Are you getting a good dividend return on that ETF? I just started buying these up. I'm thinking about buying in a ROTH though to earn some tax free dividends so was curious what the dividend is like.
it’s like 1.4-.1.8% annual yield so a nice added bonus
I think it depends on the sector, Energy and "re-opening" stocks? Variant.
For tech its definitely the taper.
Absurd first hour. Hold please.