Gen AI wasn't the focus in our latest GLM two weeks ago. We are still investing in the capability but it isn't sucking the air out of the room like it was a few months back.
Oh no we’re down 33%! And the correlation stuff can actually be measured. In a market collapse, nearly all assets correlate. Beyond that, btc isn’t particularly correlated to the market over long time periods.
Laughing at all the idiots who pulled the emergency switch and are sitting on a bunch of cash in Japan.
Nice comeback but Nikkei is not positive on the week. UndefinedMystic needs a percentage lesson such as if you fall 50%, you need a 100% gain to get back to get back to even.
The chart above is a one day chart showing Tuesdays rebound. Need to add Monday in there and you see it’s still below Fridays close (35,909) https://finance.yahoo.com/quote/^N225/history/ Edit: pretty sure the twitter poster did the “well it was down 8% Monday but up 11% on Tuesday so we’re positive on the week.”
I've heard it opined that high rates are actually contributing to inflationary pressures, at least in certain segments of the economy. Basically boomers easing out of stocks at ath and landing in 6% on their cash has them Either way, I think the goal should be to settle in at normal rates and yield curve as a matter of fairness for the next generation of home buyers. Fed doesn't need to panic about the stock market although they probably will with the election. Price stability and full employment is the mandate
Why do people keep saying the fed and the election? The Biden admin has left them alone completely. Powell aint factoring that in one bit.
That they might feel inclined to want to steady things to stay out of the conversation. I don't know, wasn't trying to say anything that compelling. Fed is always under a bit more scrutiny with short term moves leading up to elections.
Coworker a few months ago was annoyingly going on and on about ASTS, perhaps he was onto something here
This whole thing is chugging, pre market I thought for a second we would be able to get some discounts today, but that apparently is wrong! I am expecting at least one or two market scares before election day that will surely be blamed on COMRADE KAMALA but who knows, thats just a gut feeling based on 0 evidence.
Once the first rate cut happens I expect somewhat of a pull back and profit taking. Maybe not though. I never sell. Only buy.
New job, time to reconfigure the retirement contributions. Help me out with what makes the most sense. my previous place worked out to where I contributed 6% and they'd give me 7%. I had actually ticked up to 11%, just adding over the years as I got raises. new job is giving me 5% and I just have to contribute 2%. No additional max for further contributions. am I correct for assuming that the proper order here would be to do 2% to 401K, then max wife and my Roth IRAs, then only up the 401K % if we still have extra?
Without knowing how much you actually make and how much extra you could contribute to your 401k, I would handle the exact same way. I would also auto-contribute and auto-invest to your Roth IRA thru your employers broker for ease of mind
What are the fees on your 401k? That's a huge determining factor. Also assuming you aren't going to hit the income limits for a Roth IRA
I'm not sure yet. I get access after day 90. Our HHI this year actually will cross the Roth threshold by 5K or so, but I assumed backdoor was an option
My preferred order of operations: 1) Contribute to 401k up to employer match 2) Max out Roth IRA (backdoor if you're over income limits) 3) Max out HSA 4) If you have excess capital left, either go back and max out your 401k or dump it into taxable brokerage. If my 401k investment menu sucked or fees were high (or I just wanted more control over where my money was invested), I'd probably lean towards taxable brokerage
Yes but it's got about 0.01% of what my 401K has. I've never continually invested into it, just throw extra at it when it comes in.
Does it stop me from doing it or would I just owe taxes on the full IRA balance? If the latter, I'm not too worried because the balance is so low
It's done pro-rata, so the amount you are converting to a Roth is what gets taxed. You could just convert the full balance and be done with it if you want it in the Roth or if your new employer plan allows for IRA to 401(k) rollovers you could just do that and avoid a tax hit.
The good thing about maxing 401(k)/403(b)/HSA is if you’re bumping up against Roth IRA income limits you can make a big AGI dent with the standard deduction and using all of those pretax.
I typically find myself taking the slightly less-wise route of: 1a) Contribute to 401k way past employer match 1b) Max out HSA 2) Screw around and enjoy those sweet tax savings while living all the way up to the rest of my means while still feeling good about saving for retirement because who knows I could be dead by then anyway.