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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza

A place to talk about investing stuff.

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Old 06-15-2020, 03:18 PM   #5401
lewdog lewdog is offline
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Originally Posted by Hammock Parties View Post
Some realized, some are long-term holds.

But move those goalposts, lewdick.

We're not in the IQ era any more.

I am become death, destroyer of shorts.
Your fascination with my dick could be the reason you’re #foreveralone.
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Old 06-15-2020, 05:08 PM   #5402
Buehler445 Buehler445 is offline
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Originally Posted by jdubya View Post
My 20 year old son has a ROTH IRA. Is today as good a day as any for him to drop some coin in it?
At 20 years old, everyday is a good day to drop coin in. I wish I had a Roth at 20.
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Old 06-15-2020, 05:42 PM   #5403
Hog's Gone Fishin Hog's Gone Fishin is offline
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Originally Posted by ThaVirus View Post
Even if you expect a big dump (50%+) in just a few months?

I guess if you're 20 you've got another 40 years for the market to rebound and compound interest, but would it be better for someone on the older side to ride it out for another 6-9 months before dumping in a boatload of cash?
History says NO.
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Old 06-15-2020, 07:34 PM   #5404
rydogg58 rydogg58 is offline
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Originally Posted by Buehler445 View Post
At 20 years old, everyday is a good day to drop coin in. I wish I had a Roth at 20.
Absolutely. I am always talking to the newer people at work about how important it is to always contribute to our TSP. A lot of them don't realize how quickly it can build if you put a few % more than the match.
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Old 06-15-2020, 08:11 PM   #5405
lewdog lewdog is offline
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My company match blows. Only bad part about my job and benefits. I put in 12% of my own income to bring my tax bracket down though. Crazy how many people pass up free money in the company match.
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Old 06-16-2020, 12:05 AM   #5406
Jenson71 Jenson71 is offline
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Originally Posted by lewdog View Post
My company match blows. Only bad part about my job and benefits. I put in 12% of my own income to bring my tax bracket down though. Crazy how many people pass up free money in the company match.
I worked with someone who got the company match into her SIMPLE IRA, but never bought anything with it. It was just cash. After over a decade. I wanted to strangle her.
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Old 06-16-2020, 06:14 AM   #5407
Hog's Gone Fishin Hog's Gone Fishin is offline
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IQ taking off.
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Old 06-16-2020, 06:38 AM   #5408
Loneiguana Loneiguana is offline
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The Fed says it is going to start buying individual corporate bonds

Unprecedented.
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Old 06-16-2020, 06:58 AM   #5409
lewdog lewdog is offline
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The Fed says it is going to start buying individual corporate bonds

Unprecedented.
If this gravy train ever stops, watch out.
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Old 06-16-2020, 07:03 AM   #5410
Hammock Parties Hammock Parties is offline
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IQ taking off.
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Old 06-16-2020, 07:23 AM   #5411
petegz28 petegz28 is offline
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My company match blows. Only bad part about my job and benefits. I put in 12% of my own income to bring my tax bracket down though. Crazy how many people pass up free money in the company match.
Does your company offer a Roth 401k?

Are you maxing out your Roth IRA?
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Old 06-16-2020, 07:32 AM   #5412
lewdog lewdog is offline
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Originally Posted by petegz28 View Post
Does your company offer a Roth 401k?

Are you maxing out your Roth IRA?
They do but I have my own ROTH IRA that I started in college. I contribute to it myself and have maxed it the last 3 years.
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Old 06-16-2020, 08:54 AM   #5413
Tylerthigpen!1! Tylerthigpen!1! is offline
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Originally Posted by lewdog View Post
My company match blows. Only bad part about my job and benefits. I put in 12% of my own income to bring my tax bracket down though. Crazy how many people pass up free money in the company match.
What's your match?

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Old 06-16-2020, 09:02 AM   #5414
lewdog lewdog is offline
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Originally Posted by Tylerthigpen!1! View Post
What's your match?
1% on 4%, nothing over that. Lame.
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Old 06-16-2020, 09:20 AM   #5415
petegz28 petegz28 is offline
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They do but I have my own ROTH IRA that I started in college. I contribute to it myself and have maxed it the last 3 years.
Okay so you have the Roth IRA maxed, awesome!!!

Now, change your 401k contributions to the following:

Pre-tax contribution to only the amount you have to have to get the full company match. Nothing more!! NOTHING MORE! If they only match up to 4% then you contribute no more than 4%

Put the rest of what you want to contribute in the Roth 401k. Yes, yes, I know, you don't get the tax deductions. BOO to the ****ing HOO!!! Woe is me, I had to pay taxes, wha, wha, wha.

Big ****ing deal. Put it in your Roth 401k. There are several advantages to this:

1. If for some reason you HAD to have the money before you retire you can get back up to the amount you put in (your capital) with no penalites or taxes.

2. If you hold it until you retire you pull out of it 100% tax free. No figuring that if you want $1k you might have to pull out $1.3 k because of taxes.

3. Most likely taxes will be higher than they are now when you retire


ROTHs are the ****ing awesome. I only put into pre-tax what I have to in my 403b because our company only matches pre-tax contributions. The rest goes into the ROTH.
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