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#4876 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $-1973802
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I probably should have termed it as "I got back in". It's all good though so peace and prosperity to you.
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[/SIGPIC] |
Posts: 16,095
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#4877 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
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Quote:
Honestly with the Fed propping up the market, I see a return to 30k by August. After that and post election, the bottom may fall out. |
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Posts: 46,296
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#4878 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-865873
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Only if Biden wins. If Trump wins we we largely pick up where we left off. IF Biden wins and the Dems get the Senate and keep the House then shit is just gonna get sold blindly and I will be a part of that. At least until you know what they are going to do. They start raising taxes or as they say "rolling back tax cuts" then yeah, shit's gonna be bad for a while.
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Posts: 132,208
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#4879 |
MVP
Join Date: Dec 2018
Casino cash: $2630400
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SPX nearly back to 3000. Large cap growth has nearly completely recovered. Fortunately I've been mostly large growth for years. Only down 5 percent from the peak. Meanwhile old economy value and small caps still 15 to 20 percent below their highs. They should continue to lead on the up days now (financials, energy, industrials, transports, materials). Good time to reallocate toward value and mid and small. Also taking the opportunity to take off some overall stock risk and buy corp bonds where credit spreads are still wide. Feel like I dodged a bullet.
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Posts: 8,512
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#4880 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
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Quote:
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Posts: 46,296
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#4881 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-865873
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Quote:
Don't say I didn't warn you. |
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Posts: 132,208
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#4882 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
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Posts: 46,296
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#4883 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-700000
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The level of pessimism being bandied about is pretty surreal. Markets normally never go down when things are this pessimistic.
Lots of good value in the market. I bumped up my 401K contributions to the MAX at Amazon, including a good chunk going into AMZN stock. "Bull Markets begin on Pessimism, Grow on Skepticism, Flourish on Optimism and Die on Euphoria."
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
Posts: 54,910
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#4884 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-1419523
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Posts: 40,645
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#4885 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1355266
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Quote:
That was foolish. |
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Posts: 59,928
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#4886 |
MVP
Join Date: Jan 2012
Casino cash: $1655025
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So i just got a $2900 check from the stimulus bill I guess. I dont need it personally but I have a 16 year old daughter and thought I would put this in as a starter sum for investments for her. Is she too young for a ROTH IRA? What kind of account would some of you do for your kid? We already have an established college fund for her.....I figured I wanted to start her on a retirement or long term investment fund.
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Posts: 6,835
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#4887 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
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Quote:
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Posts: 46,296
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#4888 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1040478
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Last chance to get in on VTIQ at sub 26 level.
Train is leaving station.
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Chiefs game films |
Posts: 296,685
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#4889 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1355266
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Quote:
If she doesn’t then a traditional IRA would be fine. You can always roll that to a Roth later, it’s just the value of the traditional IRA will be taxable on the distribution. Unless they change the rules in the next 50 years before she takes it out. That’s a hell of a thing you’re doing for your daughter. |
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Posts: 59,928
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#4890 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
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Quote:
https://www.nerdwallet.com/blog/inve...ds-a-roth-ira/ |
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Posts: 46,296
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