Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Buehler445]

Originally Posted by DaFace

My savings account is at 2.1%, so it'd take a lot of money for the difference to add up to much. I'd rather have the liquidity.

The ****? What bank?

[Nightfyre]

Guys, talk me out of going short Boeing ahead of earnings. I am pretty sure their guidance is going to result in a bloodbath

[ChiliConCarnage]

Originally Posted by lewdog

I have my brokerage account through TD Ameritrade and realized I have never checked there for CDs.

Sure enough, a simply 3 month CD pays 2.3%. This seems higher than I expected. What am I missing?

A 30 day tbill from the gov is 2.4x rn and not eligible for state/local taxes. 3 months is nearly a savings acct so that seems fine. My Ally savings is 2.2%. All the new online Banks are temporarily topping wherever Ally sets their rate. Marcus by Goldman Sachs is 2.25. I have a Citi CC and when I login to their site, I get bombarded with pop ups for Citi Accelerate savings @ 2.36%.

[lewdog]

Originally Posted by ChiliConCarnage

A 30 day tbill from the gov is 2.4x rn and not eligible for state/local taxes. 3 months is nearly a savings acct so that seems fine. My Ally savings is 2.2%. All the new online Banks are temporarily topping wherever Ally sets their rate. Marcus by Goldman Sachs is 2.25. I have a Citi CC and when I login to their site, I get bombarded with pop ups for Citi Accelerate savings @ 2.36%.

Dang, that's good info. I looked up the 30 day T bill on TD and you're right, 2.4. It says taxable though, which is fine.

[KCUnited]

I'm contemplating changing employers, is there a consensus best strategy for handling an old 401k? If I'm able to and like the investments, is it best to roll it into the new employers plan? If that's not possible, roll it into an IRA? Leave it? I've been contributing to it for 12 years so it's a decent chunk of change.

[DaFace]

Originally Posted by Buehler445

The ****? What bank?

Discover, but there are quite a few online savings options that are in the that range right now.

[lewdog]

Originally Posted by KCUnited

I'm contemplating changing employers, is there a consensus best strategy for handling an old 401k? If I'm able to and like the investments, is it best to roll it into the new employers plan? If that's not possible, roll it into an IRA? Leave it? I've been contributing to it for 12 years so it's a decent chunk of change.

Roll it over if you like the options at new employer.

If you don’t like the options do an IRA with an institution that has funds you like (Vanguard).

[KCUnited]

Originally Posted by lewdog

Roll it over if you like the options at new employer.

If you don’t like the options do an IRA with an institution that has funds you like (Vanguard).

Good to know and is what my initial thought was. My 401k is with Vanguard so should make the process easier if I decided to roll it into an IRA.

[Nightfyre]

Originally Posted by Nightfyre

Guys, talk me out of going short Boeing ahead of earnings. I am pretty sure their guidance is going to result in a bloodbath

Y'all suck. I am in for Boeing puts at 360. I went full r/wallstreetbets. Send me those good vibes.

[Buehler445]

Originally Posted by Nightfyre

Guys, talk me out of going short Boeing ahead of earnings. I am pretty sure their guidance is going to result in a bloodbath

Can you do a put?

[Buehler445]

Originally Posted by lewdog

Dang, that's good info. I looked up the 30 day T bill on TD and you're right, 2.4. It says taxable though, which is fine.

Interest From a bank is taxable too.

Originally Posted by KCUnited

I'm contemplating changing employers, is there a consensus best strategy for handling an old 401k? If I'm able to and like the investments, is it best to roll it into the new employers plan? If that's not possible, roll it into an IRA? Leave it? I've been contributing to it for 12 years so it's a decent chunk of change.

Talk to your HR first. Sometimes they have specific rules

Even if your 401K isn’t designated as a Roth, it may behoove you to roll it into a Roth.


I haven’t done it, but I THINK you can do it to where they track the basis and then when you take it out the percentage that is the basis is taxable.

If that’s not an option, then it’s still available, you just have to pay the tax (but not the penalty) this year. If you can swing it by getting a sign on bonus or something, you maybe money ahead to eat shit on tax this year, and then have your retirement free and clear. All that shit is above my pay grade.

[Buehler445]

Originally Posted by lewdog

Dang, that's good info. I looked up the 30 day T bill on TD and you're right, 2.4. It says taxable though, which is fine.

Interest From a bank is taxable too.

Originally Posted by KCUnited

I'm contemplating changing employers, is there a consensus best strategy for handling an old 401k? If I'm able to and like the investments, is it best to roll it into the new employers plan? If that's not possible, roll it into an IRA? Leave it? I've been contributing to it for 12 years so it's a decent chunk of change.

Talk to your HR first. Sometimes they have specific rules

Even if your 401K isn’t designated as a Roth, it may behoove you to roll it into a Roth.


I haven’t done it, but I THINK you can do it to where they track the basis and then when you take it out the percentage that is the basis is taxable.

If that’s not an option, then it’s still available, you just have to pay the tax (but not the penalty) this year. If you can swing it by getting a sign on bonus or something, you maybe money ahead to eat shit on tax this year, and then have your retirement free and clear. All that shit is above my pay grade, but look into it. Especially if the new employer doesn’t have a Roth designation for your new 401

[ChiliConCarnage]

Originally Posted by lewdog

Dang, that's good info. I looked up the 30 day T bill on TD and you're right, 2.4. It says taxable though, which is fine.

The interest you earn would be taxed federally but exempt from state/local. Municipal bonds are normally federally exempt from taxes and depending on circumstances possibly state too.

Originally Posted by KCUnited

I'm contemplating changing employers, is there a consensus best strategy for handling an old 401k? If I'm able to and like the investments, is it best to roll it into the new employers plan? If that's not possible, roll it into an IRA? Leave it? I've been contributing to it for 12 years so it's a decent chunk of change.

No, it depends on how good your 401k is.. generally, you'll have more options and maybe better pricing in your own IRA. 401k's are protected from lawsuits and bankruptcy. IRA's each state is different so that's one thing to consider.

[Buehler445]

Originally Posted by Nightfyre

Y'all suck. I am in for Boeing puts at 360. I went full r/wallstreetbets. Send me those good vibes.

Originally Posted by Buehler445

Can you do a put?

D’OH.

Shits rolling. I’m a little slow on the uptake

[Discuss Thrower]

Originally Posted by Discuss Thrower

RAD finna blast off to the Moon any day now, folks.

Seriously people you're gonna want to get in on this.