Official Investing Thread

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

  1. Bo Pelinis

    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    Max 401(k) even with esop
    Max 403(b) even with a pension.
    Max HSA
    Little bit to 529s
    Investment properties
    Little bit to brokerage

    Use every other dollar to travel and do cool life shit to make memories
     
  2. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    Max 401k
    Backdoor Roth x2
    Brokerage

    keep it simple
     
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  3. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I do max 401k, max HSA, max 2 Roth IRAs, and 3 429s. Have a cash balance pension plan in there too.

    Any leftover I do some Megabackdoor Roth. But low raises, inflation, and 3 girls have cut back on that.
     
  4. TDintheCorner

    Donor
    Georgia BulldogsAtlanta BravesAvengersUnited States Men's National Soccer Team

    Max 401(k)
    Max HSA
    Backdoor Roth
    Brokerage
    HYSA
     
  5. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  6. Sam Elliott

    Sam Elliott Job title: Assistant Bouncer at the Double Deuce
    Florida State SeminolesChicago BullsGreen Bay PackersTampa Bay LightningManchester United

    24 hours out from earnings

     
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  7. Ralph

    Ralph Well-Known Member
    Donor

    Starting to look more like:

    [​IMG]
     
  8. Sportfan

    Sportfan From Six to Dumptime
    Donor
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    I went by earlier to say a little pre NVDA earnings prayer

    you’re all welcome (unless it tanks)

    IMG_0138.jpeg
     
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  9. Sportfan

    Sportfan From Six to Dumptime
    Donor
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    Good data all around this morning

     
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  10. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Buffet sold $900 million in BOA and now has almost $300 billion in cash now.
     
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  11. kinghill

    kinghill Cool American Flavour
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

    I just sold a bunch of stock. Little bit less than Buffet.

    Great minds think alike.
     
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  12. kinghill

    kinghill Cool American Flavour
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

    hol’ up, 300 billion in cash?
     
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  13. Sportfan

    Sportfan From Six to Dumptime
    Donor
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    it’s a trillion dollar portfolio so kinda makes sense to be 70/30 which is what I assume that means?
     
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  14. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

    My pension from a previous job hit my IRA on Thursday. I invested it on Friday. Of course we have this beautiful Tuesday.
     
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  15. FelipeG

    FelipeG Well-Known Member

  16. Kevintensity

    Kevintensity Poster/Posting Game Coordinator
    Donor
    Atlanta BravesCalgary FlamesPoker

  17. Russellin4885

    Russellin4885 Well-Known Member
    Donor
    North Carolina State Wolfpack

    Curious on people's thoughts what to do with some cash right now. Sold an investment property and sitting on about $40K that I was going to put into my brokerage account. Sat out Friday cause I thought there might be a dip yesterday, which I was right about. I put in 10K yesterday on the ride down but now a little hesitant to sink more in. I know time in market beats everything but was just curious what some of you a little more versed in this might do in my situation.
     
  18. kinghill

    kinghill Cool American Flavour
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

  19. The Blackfish

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

    You know as a financial adviser, I have advised many people to explore timing the market. Does it work for those people? No, it never does, but people always delude themselves into thinking it might, but... but it might work for you.
     
  20. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

    If you want to access the cash in a year or less, perhaps hold off for a bit? Anything else, get it in.

    Note: I am not FINRA registered and do not hold a Series 7/63/65 license.
     
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  21. Russellin4885

    Russellin4885 Well-Known Member
    Donor
    North Carolina State Wolfpack

    Yes, I know I can't time the market but surely there are some times not to dump a ton of cash in? Assuming you wouldn't have dumped a bunch in yesterday morning? I got it though, ETF's and time in market.
     
  22. The Blackfish

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

    You do understand you're contradicting yourself in the first sentence. The market could end up 2% today or down another 2% no one has any clue.
     
  23. Bo Pelinis

    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    I’ve kept cash in a CD if I want to have low risk access to it and still get solid interest. Otherwise if you don’t need access to it and your time horizon is decently long just dump it in.
     
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  24. The Blackfish

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

    I'm no better, I will 100% consider trying to time the market next time I have a lump of cash to throw in.
     
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  25. Bo Pelinis

    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    Every time I add cash intended for investing I immediately buy etfs. Sometimes the market takes a shit the next day and it pisses me off but I can’t ever let it sit.
     
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  26. Russellin4885

    Russellin4885 Well-Known Member
    Donor
    North Carolina State Wolfpack

    I get it, just hard to pull the trigger with zero hesitation. I'm also fairly new to the stock market game, was on the sideline for years while doing real estate investing.
     
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  27. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    Dollar cost average over x# weeks/months.
     
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  28. Bo Pelinis

    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    I remember maybe 8 years ago I did some Ira contributing around tax time and didn’t immediately invest because I thought the market might correct. I lost like 30-40% growth waiting whatever it was I waited. That was enough of a lesson to get me to never fuck around like that.
     
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  29. Joystick Izzy

    Joystick Izzy Well-Known Member
    Donor
    Georgia BulldogsAtlanta BravesTennessee TitansNashville Predators

    Do you need this money in the short-term, or is it for retirement in 20+ years? If it's for retirement, put it in as soon as you have it. What happens to the market in the next day/week/month/year is completely irrelevant unless you actually have the money earmarked for a certain need in the short-term.
     
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  30. Russellin4885

    Russellin4885 Well-Known Member
    Donor
    North Carolina State Wolfpack

    I'm hopeful my retirement is more like 10 years away but I don't need it any sooner than that.
     
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  31. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersUnited States Men's National Soccer TeamLiverpoolCharlotte FC

    The old story about over the last 25 years if you missed the 10 biggest positive days in the market, your overall returns were like 40% of those who were invested on those 10 days. 10 days out of roughly 6,000 for 2.5x more profit.

    As others have said, if you don’t need the money in the next year, dump it in big fella.
     
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  32. The Blackfish

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

    If you throw it in and the bottom falls out you will tell yourself "I KNEW it" but you didn't know it. That was just the fear speaking.
     
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  33. Ralph

    Ralph Well-Known Member
    Donor

    Definitely agree on the overall lesson, but that "miss the best 10 days" exercise has always been for me more just a lesson about not panic selling. The best 10 days are almost always in periods of extreme volatility and just rebounds after horrible days. So sure if you're waiting around to put money in you may miss the 7% gain day but you probably likely just missed the 7% loss day on the day before too, so it's a wash. I don't know about being part of an overall lesson on market timing by just imagining those days in isolation.
     
    #31733 Ralph, Sep 4, 2024
    Last edited: Sep 4, 2024
  34. —

    Well-Known Member
    Donor

    Daily and weekly auto buys better than buying $10k worth of stock on the way down. You don’t know where and when the bottom is. avg over everything imo.


    If you want cash access there are lots of 5%+ APY high yield savings accounts still going. You can put your money in those while the rates are still good, just make sure the bank you use is legitimate.

    Or if you don’t need access you can do the CD route and get similar/slightly better APY
     
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  35. teel

    teel Schiano Man
    Donor
    Rutgers Scarlet KnightsNew York MetsNew York GiantsNew Jersey DevilsNational League

     
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  36. FelipeG

    FelipeG Well-Known Member

  37. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  38. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    This is just emotional hedging

    When the cash is available you invest it.
     
  39. TDintheCorner

    Donor
    Georgia BulldogsAtlanta BravesAvengersUnited States Men's National Soccer Team

    Where do you guys hold funds for your backdoor roth contribution? I've been holding mine in a HYSA but recently I've had the thought that it might be better to stop contributing to the HYSA and put all of my extra cash into brokerage and then sell enough to max my roth on Jan 1. I'm probably overthinking this one.
     
  40. Chumbolone

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

    If you put it in a brokerage account and actively trade, when you sell you’ll get hit with the short term cap gains tax.

    I just set it aside in December for January rollover, but if you’re funding through monthly/weekly contributions throughout the year - keeping it in a HYSA and then transferring seems reasonable, you’ll pay tax on the interest you made, but should be negligible. Short term cap gains would likely hurt more from my napkin math.
     
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  41. TDintheCorner

    Donor
    Georgia BulldogsAtlanta BravesAvengersUnited States Men's National Soccer Team

    My assumption was that using first in, first out the shares sold would be the oldest and therefore taxed as long-term.
     
  42. Chumbolone

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

    Yeah, I took it as if he buys shares throughout 2024 and then sells them JAN25 to fund the rollover?
     
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  43. Jimmy the Saint

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

    You’re paying tax on the interest earned in a HYSA anyway so if you want to take the risk of investing it instead I don’t see a reason not to employ that strategy. Best case you’re just paying tax on a higher return than what a HYSA will offer you.

    If your aim is to ensure the funds are all there at the time you do the backdoor that’s different.
     
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  44. TDintheCorner

    Donor
    Georgia BulldogsAtlanta BravesAvengersUnited States Men's National Soccer Team

    This was my thought process exactly. :respek:

    I spend way too much time thinking about this stuff...
     
  45. construxboy

    construxboy xenForo is the new TMB
    Donor
    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    There are far worst things to spend too much time thinking about, like politics.
     
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  46. kinghill

    kinghill Cool American Flavour
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

    Didn't you know? DCA is the key to smart investing.
     
  47. kinghill

    kinghill Cool American Flavour
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

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  48. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    im never wrong
     
  49. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    except when I am

    but I wasn't there, especially since that was the bottom and people were afraid to get in
     
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  50. Bo Pelinis

    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    I started going absolute haam on the market after December 2021 when I paid off my house (still no ragrats) and let my tell you the ole net worth is not upset at the last 3 years.
     
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