Asking if there is a LEGAL way to lower tax liability sure ruffled some feathers. Some of you guys need to chill
Has anyone taken a 401k loan as an alternative to a bridge loan/buying a house as contingent? It would be used for the down payment and would be paid off once our house sells. I need to research it further but from my super basic/quick research, seems like a decent option if I can pay it back quickly, which I’d likely be able to do in a month or two at longest. Anything I might not be considering?
¯\_(ツ)_/¯ depends QQQM has full exposure to FAANG, VGT only has a couple of FAANG stocks, but VGT has larger allocations to their top holdings (Microsoft/Apple) and lot more different tech adjacent companies I believe (is that better?, idk). I’ve read 100% of XLK is in VGT, so VGT is more diversified, but different allocations I believe. Similar returns and expense ratios, but they track different indices. All high risk. I’d probably lean QQQM if I’m looking to tilt, but I couldn’t make up my mind and just split the difference and own both QQQM/VGT.
I clicked around a bit and read through several articles but like you I still wasn't really sure which to choose. I'll probably do the same and split 50/50 QQQM/VGT. Thanks
I know it was necessary and saved a lot of jobs, but printing billions of dollars appears to have broken the way the market is supposed to work.
They are cutting rates to try to ease inflation and the market is roaring. That’s all I was pointing out.
Edit: I get what you’re saying. I’m mostly curious if they keep dropping rates and the market keeps surging if they have to raise fed funds again
The current Treasury run in face of rate cuts is basically exclusively due to wall Street building in trump wins odds and how they think he will spike inflation
If the complaint is that there should be more carnage and ability to pick winners and losers in the market, passive investing and moving from mostly defined benefit to defined contribution are to blame just as much as economic/monetary policy. There is an endless bid propping up the market by index funds.
Yeah I did it for a down payment for a house like 10 years ago. Low interest rate and paid the interest back to myself. And if you can pay it off in a few months all the better.
Fed announced a rate reduction on 9/18. Funny thing is rates were at the lowest on 9/16 and have done noting but climb since then. Classic buy the rumor, sell the news, I guess. But now the market is still building in another cut next week at 99% likely and rates are still going up every week. I give up trying to understand it.
Nice, I've had two stocks beat earnings expectations in the past two days and immediately plummet. Love the FREE MARKET
Rates up because markets think Donald wins and blows the deficit up and spikes inflation more with tariffs
I will say I about shit a brick when I pulled up Fed Watch. This morning it had 450-475 on the left and 475-500 on the right so the tall blue bar was on the left. It was like 96% to drop to 450-475. Apparently at some point today they shifted 450-475 to the right and added 425-450 on the left, a .5 reduction, but all I saw was big blue bar on right and thought something happened to make everyone jump to no decrease.
That bar graph has thrown me off a few times when they change it like that. Just default to scrolling below in the table where it lists it in order (or has until I mentioned it)
I think they're way out over their skis, if Kamala wins it'll get unwound...eventually after probably another violent coup attempt
Anybody else in Fidelity for 401K? New job benefits just kicked in and it's Fidelity for the first time. Their default for me is FID FDM IDX 2050 IPR, target date fund. Exp Ratio is 0.08% , which is better than anything I previously had. Here are their more standard options. Any changes you'd make? That target date fund seems ok, 54% total US market index, 36% global index, but then 10% bonds which seems maybe a little conservative for somebody not yet 40?
We have Fidelity at my job. It's far and away the best option I've had for a 401k provider. Target dates are fine but like you said, I just turned 40 and want to be more aggressive. Right now my breakdown is: FXAIX - 98.53% FTIHX - 0.95% FXNAX - 0.52% I updated my future allocations a couple months back to 75%, 15%, 5% and am just letting the portfolio slowly rebalance over time.
yes Fidelity for 401k I didn't recall seeing that target date index 2050 fund in my options. I went with a 3 fund setup containing: FXAIX Fidelity 500 Index Fund ER 0.015% FSGGX Fidelity Global ex U.S. Index Fund ER 0.055% FXNAX Fidelity U.S. Bond Index Fund ER 0.025% FIPFX (ER 0.12%) looks good I just recommended it to my sister for her Roth IRA, or to at least get that instead of FFFHX (ER 0.75%) if she was looking at a target date fund.
Mine has a S&P fund that isn't a direct standard Fidelity fund. I have a good chuck in there but put most of mine into Brokeragelink to get the IShares ETFs.
I'm still holding some Fidelity mutuals after rolling over my old 401k into my IRA account. FXAIX FSPGX FSMDX FSSNX I had to cash out the target date fund and some other crappy mutuals.
crypto dorks, without exception, think trump cant lose Just put my memecoin recommendations in the mcdonalds bag, bro
Lol don't be so biased. The rate move is not all because of some perceived Trump win, it mainly has to do with stronger data thats come in. Some of it having to do with the drop in rates over the past 4 months. It will get unwound when this recent increase in rates shows back up in the data and data softens.
I'm parroting what everyone smart is saying as it coincided with the betting odds shift and has been discussed everywhere as a reaction to impact studies regarding Trump's economic plans
He admits like 3 comments down that they could be related he's just not convinced it's one over the other.
What he says verbatim when someone asks "Both things cant be true?" is "Sure, but the question is what is more important" Another point to make is there has been a very clear unwind in Trump trades the past two days (just look at DJT stock) and rates are pretty much unchanged in the same time period.