Official Investing Thread

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

  1. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    :rain::rain::rain:
     
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  2. Sportfan

    Sportfan From Six to Dumptime

    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 :feelsbadman:

    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?
     
    Ty Webb likes this.
  3. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    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
     
    Sportfan likes this.
  4. Mr Mortisay

    Mr Mortisay Well-Known Member
    Donor
    Arkansas RazorbacksTiger Woods

    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).
     
    #26204 Mr Mortisay, Nov 27, 2021
    Last edited: Nov 27, 2021
  5. Sportfan

    Sportfan From Six to Dumptime

    Wait so you’ll receive $58,500 in match this year? motherfucker that’s awesome and depressing.
     
  6. The Blackfish

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

    I wish I hadn’t read that. Was previously pretty happy with my 9% match.
     
  7. The Blackfish

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

    Now I’m just sitting here thinking about my abject poverty
     
    brolift, bcuga, Doc Louis and 10 others like this.
  8. Mr Mortisay

    Mr Mortisay Well-Known Member
    Donor
    Arkansas RazorbacksTiger Woods

    Would posting my household’s combined student loans total be any consolation? :idk:
     
    Sportfan likes this.
  9. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    [​IMG]
     
  10. Bruce Wayne

    Bruce Wayne Billionaire Playboy
    Donor
    Michigan Wolverines

    Arkansas has state-sponsored retirement huh. Sounds like a socialism to me
     
    brolift, IV, Doc Louis and 10 others like this.
  11. Arliden

    Arliden Well-Known Member

    If I got a match like that I'd be retiring at 50.
     
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  12. Mr Mortisay

    Mr Mortisay Well-Known Member
    Donor
    Arkansas RazorbacksTiger Woods

    Am I crazy for thinking the mouse is a good buy right now? Tanking today
     
  13. Sportfan

    Sportfan From Six to Dumptime

    And here I was thinking I would get a small discount on my monthly VOO buy tomorrow :loldog:
     
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  14. Sportfan

    Sportfan From Six to Dumptime

    did you get autocorrected? Not sure what this means.

    edit: Disney?
     
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  15. citrodong

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

    I think it's been a good buy for weeks and it's tanked every day so your mileage may vary.
     
  16. burnttatertot

    burnttatertot may contain traces of nuts
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    I like DIS at this price, but I also liked it last week at $150+ so....
     
  17. citrodong

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

  18. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

    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.
     
  19. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  20. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Back to the 1 month's salary daily swings
     
    #26220 billdozer, Dec 2, 2021
    Last edited: Dec 2, 2021
    DuffandMuff, letan, Sportfan and 3 others like this.
  21. Arliden

    Arliden Well-Known Member

    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.
     
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  22. fish

    fish Impossible, Germany
    Donor
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    I'm in three weeks of downward spiral but I'll hold for years in necessary.
     
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  23. soulfly

    soulfly Well-Known Member
    Donor
    Seattle MarinersSeattle SeahawksBarcelonaSeattle SupersonicsSeattle SoundersSeattle Kraken

    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.
     
    Sportfan likes this.
  24. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    had FOMO about the ARKK returns a while back and almost put some of my roth into it

    very glad i did not
     
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  25. Creighton

    Creighton Well-Known Member

    My attempt at tax avoidance strategies in the next CY has burned me.
     
  26. Nashville Knight

    Nashville Knight Logistics
    Donor
    UCF KnightsTampa Bay BuccaneersTampa Bay LightningNashville Predators

    Same here. I stuck with the bland VTI in IRA and VOO in brokerage.
     
    Lyrtch likes this.
  27. citrodong

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

    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
     
  28. citrodong

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

    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.
     
    Tug likes this.
  29. Seavie

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

    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.
     
  30. The Blackfish

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

    I would not recommend that
     
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  31. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    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
     
    Seavie likes this.
  32. Seavie

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

    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.
     
  33. The Blackfish

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

    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.
     
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  34. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
    Donor
    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    Trying to time the market is a fool’s game.
     
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  35. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    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
     
    Seavie likes this.
  36. Seavie

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

    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...
    [​IMG]

    But I've never (thankfully) followed through with it.
     
  37. citrodong

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

    I think everything is smoke and mirrors except for this:

    https://fred.stlouisfed.org/series/WALCL

    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.
     
  38. fish

    fish Impossible, Germany
    Donor
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    A little early to be making this statement, imo.
     
  39. burnttatertot

    burnttatertot may contain traces of nuts
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    *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!
     
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  40. burnttatertot

    burnttatertot may contain traces of nuts
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    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.
     
    letan likes this.
  41. dukebuckeye

    dukebuckeye P.G.I.T
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    Been a rough last 3-4 months. It’ll rebound over time.
     
  42. Jc6

    Jc6 Space for Rent
    Donor
    Penn State Nittany LionsPhiladelphia Eagles

    I know those feels. I’m actually looking for something to invest in before the capital gains timeframe expires.

    Anyone have any ideas?
     
  43. burnttatertot

    burnttatertot may contain traces of nuts
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    DIS ($146.22)
    V ($196.32)
    LMT ($333.81)
    ATVI ($57.36)
     
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  44. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    Another month's salary bounce today. Look forward to a similar size down bounce tomorrow.
     
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  45. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    Buying XBI
     
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  46. fish

    fish Impossible, Germany
    Donor
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    I picked up some DIS today.
     
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  47. bcuga

    bcuga Administrator
    Staff Donor TMB OG
    Georgia BulldogsAtlanta BravesAtlanta HawksAtlanta Falcons

    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.
     
  48. Sportfan

    Sportfan From Six to Dumptime

    it’s like 1.4-.1.8% annual yield so a nice added bonus
     
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  49. Arliden

    Arliden Well-Known Member

    I think it depends on the sector, Energy and "re-opening" stocks? Variant.

    For tech its definitely the taper.
     
  50. Sportfan

    Sportfan From Six to Dumptime

    Absurd first hour. Hold please.