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

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Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 09-11-2021, 07:27 PM   #11341
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I've watched a bunch of Forensic Files on netflix. This scenario has been the motive for murder in quite a few episodes. But of course, they were all caught so I'm not sure if the got to enjoy the money. However, the narrator's have never said that this is illegal, so I don't know.

I have life insurance on all of my daughters and I'm fairly certain they don't know or care. So, I'm going to say that you can in some circumstances.
A lot of companies have policies in key personnel.
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Old 09-11-2021, 07:34 PM   #11342
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Insurance is THE most confusing shit of all.

I don't know jack shit.
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Old 09-12-2021, 04:34 PM   #11343
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There has to be an "insurable interest" in order for the contract to be valid. That same interest exists for life insurance situations as well as tangible property. I don't have an insurable interest in my neighbor's life nor his car and therefore would not be able to get a policy over either (or, if the company issues it based on my lies, can void the payout later when I try to enforce it).
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Old 09-12-2021, 05:37 PM   #11344
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I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.

What are some of your favorites? Best performers over the last few years?
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Old 09-12-2021, 05:39 PM   #11345
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Originally Posted by ThaVirus View Post
I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.

What are some of your favorites? Best performers over the last few years?
I feel like the obvious safe answer here is goog or amzn.
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Old 09-12-2021, 05:45 PM   #11346
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Besides those two I'd say Tesla as well.
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Old 09-12-2021, 05:48 PM   #11347
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Originally Posted by Jenson71 View Post
There has to be an "insurable interest" in order for the contract to be valid. That same interest exists for life insurance situations as well as tangible property. I don't have an insurable interest in my neighbor's life nor his car and therefore would not be able to get a policy over either (or, if the company issues it based on my lies, can void the payout later when I try to enforce it).
Imagine drafting this up during a nail biter Chiefs game.
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Old 09-12-2021, 05:48 PM   #11348
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Quote:
Originally Posted by ThaVirus View Post
I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.

What are some of your favorites? Best performers over the last few years?
AMC is the obvious choice.
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Old 09-12-2021, 07:45 PM   #11349
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Quote:
Originally Posted by ThaVirus View Post
I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.

What are some of your favorites? Best performers over the last few years?
SPY
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Old 09-12-2021, 08:32 PM   #11350
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Quote:
Originally Posted by ThaVirus View Post
I'm looking to just drop a few thousand into some stocks expected to trend upward over the next few years. I don't want to play the day-trading game trying to watch this shit every week.

What are some of your favorites? Best performers over the last few years?
Do you have the boring stuff managed first? A 401k, ROTH IRA? What percentage of your income are you saving for retirement before you move into riskier returns like individual stocks?
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Old 09-12-2021, 08:44 PM   #11351
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I feel like the obvious safe answer here is goog or amzn.
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SPY
Sounds good and safe, thank you.

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Originally Posted by lewdog View Post
Do you have the boring stuff managed first? A 401k, ROTH IRA? What percentage of your income are you saving for retirement before you move into riskier returns like individual stocks?
I've got a 401k. Right now I'm just doing the $6,000/year that is allowed. I save a fair bit more each year as well which is why I'm a little interested in parking some more cash in safe types of stocks.
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Old 09-12-2021, 08:50 PM   #11352
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A 401k isn’t limited to 6k. You can contribute like 19% to a 401k. A Roth IRA is limited to 6k.
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Old 09-12-2021, 08:55 PM   #11353
ThaVirus ThaVirus is offline
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My b. I did the same thing earlier in this thread.

I have a traditional IRA!

My company has an option for 401k but they don't match so it doesn't seem worth the hassle.
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Old 09-12-2021, 09:10 PM   #11354
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Sounds good and safe, thank you.



I've got a 401k. Right now I'm just doing the $6,000/year that is allowed. I save a fair bit more each year as well which is why I'm a little interested in parking some more cash in safe types of stocks.
There are NO safe stocks. In a market downturn or correction, even the big company stocks can be cut in half. If this is money you may need in a few years, don't put that on stocks. Example, don't put your emergency savings fund in stocks.

If this is money you may not need for 5+ years, I'd probably choose SPY or some of the big blue chip companies like AAPL, AMZN, V, DIS, MSFT.
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Old 09-12-2021, 10:10 PM   #11355
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Sounds good and safe, thank you.



I've got a 401k. Right now I'm just doing the $6,000/year that is allowed. I save a fair bit more each year as well which is why I'm a little interested in parking some more cash in safe types of stocks.
Quote:
Originally Posted by ThaVirus View Post
My b. I did the same thing earlier in this thread.

I have a traditional IRA!

My company has an option for 401k but they don't match so it doesn't seem worth the hassle.
Couple things, if you're capping out the IRA and still looking to invest, do the 401K. It does not affect your IRA limit and has a 17K cap per year.

The other thing you can do is set up ROTH. That will give you another 6K limit. and Roth is probably smart for the under 50 crowd, which IIRC you are.
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