Money Investing megathread extravaganza - Page 629

**DaFace** · 06:35 PM

A place to talk about investing stuff.

GloryDayz · 05-12-2021, 08:14 AM

Another ~~bumper~~ Biden day at ye 'ol stock market...

**lewdog** · 05-12-2021, 08:26 AM

Quote:

Originally Posted by Buehler445

Looks like you may have to set up a different type of account. Probably worth hopping on with a customer service rep for whatever brokerage you are using.

https://www.investopedia.com/what-is...th-ira-4770888

Well she has an IRA and ROTH from when she worked. I’m just wondering since now she isn’t, if I can put money in those accounts for her this year.

**Buehler445** · 05-12-2021, 08:46 AM

Quote:

Originally Posted by lewdog

Well she has an IRA and ROTH from when she worked. I’m just wondering since now she isn’t, if I can put money in those accounts for her this year.

Yeah. What’s out there is pretty unclear. Accordingly I’d hop on CS with your brokerage. It doesn’t take much to set up a new IRA. Even if you just structure it like her other one, it isn’t a huge deal. If she goes back to work you should be able to roll it and close the spousal one.

If any of that is necessary. Which appears unclear.

scho63 · 05-12-2021, 09:23 AM

The market is not liking what it's seeing 6 months out.

**DaKCMan AP** · 05-12-2021, 09:44 AM

Quote:

Originally Posted by lewdog

Well she has an IRA and ROTH from when she worked. I’m just wondering since now she isn’t, if I can put money in those accounts for her this year.

Sounds like you can.

https://www.investopedia.com/retirem...held%20jointly.

If you’re married and one spouse doesn’t receive compensation or makes less compensation, you can open an IRA account for the spouse making less taxable compensation than the other spouse. You can contribute up to the maximum for each spouse, as long as you don’t exceed the total compensation received by both spouses [on a married filing joint return]. When both spouses are age 50 or older, the limit is $7,000 per spouse.

https://www.hrblock.com/tax-center/i...-and-roth-ira/

**jjchieffan** · 05-12-2021, 09:48 AM

Nice to see my portfolio green today. Friday was the only day green last week and Monday and Tuesday were red as well. It would be nice to string together consecutive green days again.

scho63 · 05-12-2021, 11:20 AM

A tip for some of you novices trying to trade or chart watching: use historical P/E ratio charts.

You'll be surprised what info you pull

ghak99 · 05-12-2021, 11:58 AM

Quote:

Originally Posted by lewdog

Well she has an IRA and ROTH from when she worked. I’m just wondering since now she isn’t, if I can put money in those accounts for her this year.

Tell her she needs to be your employee in order to make it work. Then inform her there's going to be an application process and interview to see if she's qualified.

If you live, please report back with how it went.

MTG#10 · 05-12-2021, 12:33 PM

Every time I think the market can't get any worse it says "hold my beer".

UWMC finally having a good day though, guess you gotta enjoy the small victories.

**Buehler445** · 05-12-2021, 01:05 PM

Quote:

Originally Posted by MTG#10

Every time I think the market can't get any worse it says "hold my beer".

UWMC finally having a good day though, guess you gotta enjoy the small victories.

If you think this is the worst the market can get, then I really don't know what to tell you.

**lewdog** · 05-12-2021, 02:46 PM

Quote:

Originally Posted by MTG#10

Every time I think the market can't get any worse it says "hold my beer".

UWMC finally having a good day though, guess you gotta enjoy the small victories.

Your n00bness is showing again.

We’ve explained in this thread (multiple times) that if you’re down 25%+ on positions it’s because you ignored risk management strategies. Stocks, especially growth stocks are volatile. They don’t move in linear patterns.

MTG#10 · 05-12-2021, 02:55 PM

Quote:

Originally Posted by lewdog

Your n00bness is showing again.

We’ve explained in this thread (multiple times) that if you’re down 25%+ on positions it’s because you ignored risk management strategies. Stocks, especially growth stocks are volatile. They don’t move in linear patterns.

This market is trash and has been for a while now. There's no debating that. Growth stocks have always been volatile...the market is still trash.

**lewdog** · 05-12-2021, 02:59 PM

Quote:

Originally Posted by MTG#10

This market is trash and has been for a while now. There's no debating that. Growth stocks have always been volatile...the market is still trash.

Will you address Buehler’s comments?

MTG#10 · 05-12-2021, 03:07 PM

Obviously its not the worst in can get, I've never once claimed that. Believe me, I wish it was.

jdubya · 05-12-2021, 04:27 PM

Love the drama. When the market tanks, just means something is a red tag sale. Take advantage and buy......

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $36899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
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05-12-2021, 08:14 AM	#9421
GloryDayz (Sir/Yes Sir/Aye Aye Sir) Join Date: Oct 2009 Location: Diving Casino cash: $2145380	Another ~~bumper~~ Biden day at ye 'ol stock market... __________________ . #Like 45, 47 Is Going To Be AWESOME! #I still don't have COVID
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05-12-2021, 09:23 AM	#9424
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $781110	The market is not liking what it's seeing 6 months out. __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
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05-12-2021, 09:48 AM	#9426
jjchieffan Supporter Join Date: Dec 2005 Location: Highlandville, MO Casino cash: $1702248	Nice to see my portfolio green today. Friday was the only day green last week and Monday and Tuesday were red as well. It would be nice to string together consecutive green days again. __________________ Genesis 1:1 In the beginning, God created the Heavens and the Earth. Following the historical accounts and the genealogy from that point on, the age of the Earth is approximately 6000-7000 years old. The Big Bullshit Theory is a lie. It and the evolution theory go against real science. Satan has used our public school system to brainwash everyone into believing these lies. Be not decieved.
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05-12-2021, 11:20 AM	#9427
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $781110	A tip for some of you novices trying to trade or chart watching: use historical P/E ratio charts. You'll be surprised what info you pull __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 52,954

05-12-2021, 12:33 PM	#9429
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7204386	Every time I think the market can't get any worse it says "hold my beer". UWMC finally having a good day though, guess you gotta enjoy the small victories.
Posts: 11,434

05-12-2021, 03:07 PM	#9434
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7204386	Obviously its not the worst in can get, I've never once claimed that. Believe me, I wish it was.
Posts: 11,434

05-12-2021, 04:27 PM	#9435
jdubya MVP Join Date: Jan 2012 Casino cash: $3205025	Love the drama. When the market tanks, just means something is a red tag sale. Take advantage and buy...... __________________ "I know you think you understand what you thought I said but I`m not sure you realize that what you heard is not what I meant"
Posts: 6,220	2 0