Money Investing megathread extravaganza - Page 228

**DaFace** · 06:35 PM

A place to talk about investing stuff.

Rudy tossed tigger's salad · 02-11-2020, 02:24 PM

Quote:

Originally Posted by Bill Brasky

Stay away from that subreddit. It is not for real finance and investing discussion, but for "lulz." That sub is about gambling; not investing.

If you like reading about gambling on the stock market then it can be fun, but there are better ways to spend your time.

Yeah, I read it purely for entertainment. Im just a little clueless to some of the topics.

Bill Brasky · 02-11-2020, 03:02 PM

Quote:

Originally Posted by Rudy tossed tigger's salad

Yeah, I read it purely for entertainment. Im just a little clueless to some of the topics.

I just checked, and I stand by my comment that it's all meme's and a waste of time. What are you clueless about?

Shag · 02-11-2020, 03:14 PM

Quote:

Originally Posted by Great Expectations

I finally dumped IQ and bought a bunch of PG&E. I should recoup my losses in about a month. Look at PG&E’s chart.

PCG is the one that got away for me. I was seriously considering a position in the $3s after the last big power shutoff in NorCal, and stupidly, didn't pull the trigger. Would be 600% right now. Ugh.

ReynardMuldrake · 02-11-2020, 04:20 PM

Quote:

Originally Posted by Rudy tossed tigger's salad

Can someone explain r/wallstreetbets to me? Im a finance dummy, not a bit interested in high-risk trading for myself, but just curious how these huge money fluctuations work.

They don't work. There's a huge confirmation bias in that sub. I would take their advice for entertainment value only.

Hammock Parties · 02-12-2020, 10:27 AM

IQ up another 3.35% today

YOU WERE FOOLS

**lewdog** · 02-12-2020, 05:57 PM

Quote:

Originally Posted by Hammock Parties

IQ up another 3.35% today

YOU WERE FOOLS

I put my IQ money, sold at a lost, on BABA when I sold.

I win.

Hog's Gone Fishin · 02-14-2020, 10:27 AM

I wish I'd jumped back in to IQ October 1.

Up 70%

ReynardMuldrake · 02-14-2020, 11:09 AM

CGC KILLING it with earnings today. Still a good entry point, IMO.

Pointer19 · 02-14-2020, 11:13 AM

Investing another 1/24th of the annual IRA limit today...

I know DCA is boring, but I'm not in a position to have all the fun of picking individual stocks like some of you. At least I'm putting SOMETHING away, right?

**Buehler445** · 02-14-2020, 11:18 AM

Quote:

Originally Posted by Pointer19

Investing another 1/24th of the annual IRA limit today...

I know DCA is boring, but I'm not in a position to have all the fun of picking individual stocks like some of you. At least I'm putting SOMETHING away, right?

Yes. Picking stocks is speculating.

You are investing.

**DaFace** · 02-14-2020, 02:56 PM

Quote:

Originally Posted by Pointer19

Investing another 1/24th of the annual IRA limit today...

I know DCA is boring, but I'm not in a position to have all the fun of picking individual stocks like some of you. At least I'm putting SOMETHING away, right?

I started the thread, and I'm 100% in target date index funds these days. Picking stocks is interesting, but I don't have time to really dig into it, nor am I really convinced I'd ever be able to beat the indexes anyway.

Everyone has their own way of doing it.

**ChiTown** · 02-14-2020, 03:08 PM

Quote:

Originally Posted by Pointer19

Investing another 1/24th of the annual IRA limit today...

I know DCA is boring, but I'm not in a position to have all the fun of picking individual stocks like some of you. At least I'm putting SOMETHING away, right?

There is no right or wrong answer, unless you ignore planning for your retirement until it's too late. Do what you can, when you can, and as often as you can.

EPodolak · 02-14-2020, 03:22 PM

Quote:

Originally Posted by DaFace

I started the thread, and I'm 100% in target date index funds these days. Picking stocks is interesting, but I don't have time to really dig into it, nor am I really convinced I'd ever be able to beat the indexes anyway.

Everyone has their own way of doing it.

All index portfolio for me too, for a long time now. It's what I'm comfortable with.

Was tempted a couple of years ago to buy into Shopify at $60 though, it's $500+ this week.

**Rain Man** · 02-14-2020, 03:28 PM

Occasionally I'll hear some truth that boggles my mind in its non-obvious brilliance, and I heard something about retirement savings the other day that I have to share.

One of the obstacles to retirement savings is the amount that's needed. If you don't have a high income, or if you start saving later, it can be easy to see the task as insurmountable.

But what I heard was something I'd never thought of before.

If you're behind on your savings, consider this as a motivator. It's really tempting to take early social security, or even full-age social security (at age 67 for most of us). But there's a huge benefit to waiting until you're 70 to take social security. If you take it at 70 instead of 62, the amount will be roughly 75 percent more for the rest of your life.

So if you're behind on retirement savings or you can't save much, target being able to support yourself until age 70 without social security. Then when you take it you'll get a lot more money to support yourself later, with no extra cost. It represents a huge ROI on the savings you can build, and leverages your money to a massive extent.

**Buehler445** · 02-14-2020, 03:54 PM

Quote:

Originally Posted by Rain Man

Occasionally I'll hear some truth that boggles my mind in its non-obvious brilliance, and I heard something about retirement savings the other day that I have to share.

One of the obstacles to retirement savings is the amount that's needed. If you don't have a high income, or if you start saving later, it can be easy to see the task as insurmountable.

But what I heard was something I'd never thought of before.

If you're behind on your savings, consider this as a motivator. It's really tempting to take early social security, or even full-age social security (at age 67 for most of us). But there's a huge benefit to waiting until you're 70 to take social security. If you take it at 70 instead of 62, the amount will be roughly 75 percent more for the rest of your life.

So if you're behind on retirement savings or you can't save much, target being able to support yourself until age 70 without social security. Then when you take it you'll get a lot more money to support yourself later, with no extra cost. It represents a huge ROI on the savings you can build, and leverages your money to a massive extent.

Yeah, That's all good and well unless you die at 71

.

Yeah, taking SS and working as late as possible is typically the best approach.

However, getting on Medicare ASAP, even if you have to pay out of pocket, typically also pays.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $356899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,397

02-12-2020, 10:27 AM	#3410
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $3040478	IQ up another 3.35% today YOU WERE FOOLS __________________ Chiefs game films
Posts: 286,820

02-14-2020, 10:27 AM	#3412
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $60477	I wish I'd jumped back in to IQ October 1. Up 70%
Posts: 40,631

02-14-2020, 11:09 AM	#3413
ReynardMuldrake 2 Legit 2 Colquitt Join Date: Sep 2010 Casino cash: $3575754	CGC KILLING it with earnings today. Still a good entry point, IMO.
Posts: 4,757

02-14-2020, 11:13 AM	#3414
Pointer19 Veteran Join Date: Aug 2015 Location: Oak Harbor, WA Casino cash: $4783400	Investing another 1/24th of the annual IRA limit today... I know DCA is boring, but I'm not in a position to have all the fun of picking individual stocks like some of you. At least I'm putting SOMETHING away, right? __________________ Dilly Dilly!
Posts: 2,632

02-14-2020, 03:28 PM	#3419
Rain Man Seize life. Be an ermine. Join Date: Jul 2001 Location: My house Casino cash: $1648491 VARSITY	Occasionally I'll hear some truth that boggles my mind in its non-obvious brilliance, and I heard something about retirement savings the other day that I have to share. One of the obstacles to retirement savings is the amount that's needed. If you don't have a high income, or if you start saving later, it can be easy to see the task as insurmountable. But what I heard was something I'd never thought of before. If you're behind on your savings, consider this as a motivator. It's really tempting to take early social security, or even full-age social security (at age 67 for most of us). But there's a huge benefit to waiting until you're 70 to take social security. If you take it at 70 instead of 62, the amount will be roughly 75 percent more for the rest of your life. So if you're behind on retirement savings or you can't save much, target being able to support yourself until age 70 without social security. Then when you take it you'll get a lot more money to support yourself later, with no extra cost. It represents a huge ROI on the savings you can build, and leverages your money to a massive extent. __________________ Active fan of the greatest team in NFL history.
Posts: 142,882	2 0