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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.
Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 09-28-2021, 04:08 PM   #11536
Hammock Parties Hammock Parties is offline
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Old 09-28-2021, 06:45 PM   #11537
Hog's Gone Fishin Hog's Gone Fishin is offline
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Old 09-28-2021, 07:03 PM   #11538
Hog's Gone Fishin Hog's Gone Fishin is offline
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AMC approaching buy zone.

Was grabbing at 32.50 before. Sitting at 36.75 now. Now with all the crap going on with the stupid ass government I'm afraid everything going to tank to unexpected levels which means the buy zone could be moved to 25-28.
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Old 09-28-2021, 09:23 PM   #11539
Iconic Iconic is online now
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I sold all my AMC in green and got out of the market. Things are looking suspect with all the talk of crashes. Time to wait for it to get super bloody then enter.
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Old 09-28-2021, 09:37 PM   #11540
lewdog lewdog is offline
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I think you guys actually convinced me to do something a bit "daring" for me with the emergency savings vs investing talk.

We keep 6 months of "bills" in emergency savings (doing nothing). We had LOTS of home maintenance repairs this year ($35k to be exact!) so we have worked on building back up to 6 months while contributing barely anything to my wife's ROTH IRA. But I realize I also cannot go back and contribute to this ROTH years later. If I don't max it this year, I can't make that up in the future. I think I'm willing to drop our emergency savings fund to roughly 4-5 months of expenses to max my wife's ROTH IRA.

1. I have a job where I would literally not be out of work if I got laid off. I could land a job the same day.
2. We are at a point in our lives where we are making the LEAST amount of money we will ever make. My wife works 10-15 hours a week at a minimum wage job while our 3.5 year old is in preschool. Once he's in school full-time, she will be getting a full-time job and our income stream will be much better, and we aren't that far away from this happening.
3. A ROTH can technically be used in an emergency as contributions can be withdrawn tax/penalty free at any time.


Thank you CP for showing me the light.
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Old 09-29-2021, 07:52 AM   #11541
Hammock Parties Hammock Parties is offline
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Next stop for LCID is 35 or 40.

I may sell a bit more then. Want to buy some AMC on this dip.
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Old 09-29-2021, 08:17 AM   #11542
neech neech is offline
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Originally Posted by Hammock Parties View Post
Next stop for LCID is 35 or 40.

I may sell a bit more then. Want to buy some AMC on this dip.
You're making tons of money off LCID, good job Hammock.
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Old 09-29-2021, 08:53 AM   #11543
lewdog lewdog is offline
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You're making tons of money off LCID, good job Hammock.
Should we rehash his play on this?

PRICE TARGET $100!!!!
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Old 09-29-2021, 08:56 AM   #11544
Hammock Parties Hammock Parties is offline
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Should we rehash his play on this?

PRICE TARGET $100!!!!
It is definitely hitting that long term.

This is a company that is delivering cars NEXT MONTH.

This is NOT NKLA. Their battery gives the longest driving range on an EV in the WORLD.
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Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.
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Old 09-29-2021, 09:05 AM   #11545
lewdog lewdog is offline
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Old 09-29-2021, 09:40 AM   #11546
Rain Man Rain Man is offline
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Quote:
Originally Posted by lewdog View Post
I think you guys actually convinced me to do something a bit "daring" for me with the emergency savings vs investing talk.

We keep 6 months of "bills" in emergency savings (doing nothing). We had LOTS of home maintenance repairs this year ($35k to be exact!) so we have worked on building back up to 6 months while contributing barely anything to my wife's ROTH IRA. But I realize I also cannot go back and contribute to this ROTH years later. If I don't max it this year, I can't make that up in the future. I think I'm willing to drop our emergency savings fund to roughly 4-5 months of expenses to max my wife's ROTH IRA.

1. I have a job where I would literally not be out of work if I got laid off. I could land a job the same day.
2. We are at a point in our lives where we are making the LEAST amount of money we will ever make. My wife works 10-15 hours a week at a minimum wage job while our 3.5 year old is in preschool. Once he's in school full-time, she will be getting a full-time job and our income stream will be much better, and we aren't that far away from this happening.
3. A ROTH can technically be used in an emergency as contributions can be withdrawn tax/penalty free at any time.


Thank you CP for showing me the light.


I never got to have a Roth until 2020 when my income was down enough to qualify, but those things are magical. I think my policy would be to fund a Roth before anything else other than food and shelter.
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Old 09-29-2021, 10:10 AM   #11547
KCUnited KCUnited is offline
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Old 09-29-2021, 10:16 AM   #11548
Buehler445 Buehler445 is offline
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Quote:
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I never got to have a Roth until 2020 when my income was down enough to qualify, but those things are magical. I think my policy would be to fund a Roth before anything else other than food and shelter.
Can’t you set up your company 401K as a Roth?

I talked to an administrator dude that told me qualified plans (401K 403B etc) don’t have income limits for Roth.
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Old 09-29-2021, 10:27 AM   #11549
Nixhex Nixhex is offline
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Quote:
Originally Posted by Hog's Gone Fishin View Post
CEI
RCAT
NAKD
HIVE
GGPI
BBIG
ANY
PALT
FAMI
MMAT
Bought some CEI - Up over 27% today. Bravo.
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Old 09-29-2021, 10:31 AM   #11550
MTG#10 MTG#10 is offline
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I'm around, just not much to talk about right now. My only positions right now are AMC and UWMC.
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