Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Rain Man]

Originally Posted by Buehler445

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.

Wow, I've never heard of that before. I'll have to look into it.

Maybe I've never heard of it because we don't have a company 401k. We have a Simple IRA, which at the time seemed to be the best tradeoff of risk and reward as a business owner. In retrospect, a 401k would have been better, but only because looking back none of the risks bit us.

[Pointer19]

Anybody here into physical precious metals? I'm intrigued by the stacks these guys have. https://www.reddit.com/r/Wallstreetsilver/top/

[Buehler445]

Originally Posted by Rain Man

Wow, I've never heard of that before. I'll have to look into it.

Maybe I've never heard of it because we don't have a company 401k. We have a Simple IRA, which at the time seemed to be the best tradeoff of risk and reward as a business owner. In retrospect, a 401k would have been better, but only because looking back none of the risks bit us.

That guy I sent you for that financial planner research project you did is the one that told me.

Call him. If your plan isn’t a qualified plan, it might be worth the effort to get a qualified plant to set it up as a Roth. I’m sure your employees would appreciate it too.

[Buehler445]

Originally Posted by Pointer19

Anybody here into physical precious metals? I'm intrigued by the stacks these guys have. https://www.reddit.com/r/Wallstreetsilver/top/

I’ve been consistent on this for a long time.

Metals are commodities. They behave as commodities. Don’t buy and hold long term.

[Pointer19]

Originally Posted by Buehler445

I’ve been consistent on this for a long time.

Metals are commodities. They behave as commodities. Don’t buy and hold long term.

Not an "end of days" type of guy, are ya?

[Buehler445]

Originally Posted by Pointer19

Not an "end of days" type of guy, are ya?

LOL. If it’s end of days, we’re all ****ed.

Like SUPER ****ed. Just as an easy divider let’s assume the modern food production system started at 1900 (mechanization, specialization) etc.

The US population was 76 Million. And the soils were native then and more productive if we move to back to a no supply chain situation for any period of time. So the holding capacity for the land would be probably less than 75M.

That’s a lot of dead ****ers. And the shit for brains that think starving people will trade food for gold will be the first ****ers dead.

For real though. There are some wackjobs out there. This guy wanted to have dinner with dad and I at a conference. Whatever, I’m not doing shit else. We had decent conversation then this sister****er springs it on us that at this one dudes direction he sold a combine and bought physical gold. Nobody is going to want soybeans when the economy collapses. and this is 2010. Dude bought the top.

https://www.barchart.com/futures/quo...eractive-chart

EDIT: I couldn’t get out of that dinner fast enough. And frankly I don’t even care if that soybean farmer lost his shit.

If you want to have incredible exposure to commodity markets, buy a pen of cattle. Then at least my friends will have some volume.

/rant

[Pointer19]

Originally Posted by Buehler445

LOL. If it’s end of days, we’re all ****ed.

Like SUPER ****ed. Just as an easy divider let’s assume the modern food production system started at 1900 (mechanization, specialization) etc.

The US population was 76 Million. And the soils were native then and more productive if we move to back to a no supply chain situation for any period of time. So the holding capacity for the land would be probably less than 75M.

That’s a lot of dead ****ers. And the shit for brains that think starving people will trade food for gold will be the first ****ers dead.

For real though. There are some wackjobs out there. This guy wanted to have dinner with dad and I at a conference. Whatever, I’m not doing shit else. We had decent conversation then this sister****er springs it on us that at this one dudes direction he sold a combine and bought physical gold. Nobody is going to want soybeans when the economy collapses. and this is 2010. Dude bought the top.

https://www.barchart.com/futures/quo...eractive-chart

EDIT: I couldn’t get out of that dinner fast enough. And frankly I don’t even care if that soybean farmer lost his shit.

If you want to have incredible exposure to commodity markets, buy a pen of cattle. Then at least my friends will have some volume.

/rant

I for one want to spend the end of days diving into a swimming pool of silver coins a la Scrooge McDuck.

But I really would love to have land and cattle when I can settle down in one place!

[Hog's Gone Fishin]

[ghak99]

Originally Posted by Pointer19

Anybody here into physical precious metals? I'm intrigued by the stacks these guys have. https://www.reddit.com/r/Wallstreetsilver/top/

I have a healthy stack of silver in various forms and a little gold, but most of it has been from gifts over the years and buying random stuff at estate auctions when the crowd just doesn't realize what's actually being sold. I honestly have no clue what it's worth and have never even added it up. Just throw any additions I stumble upon in the safe. In general, it would probably be one of the worst investments a person can make, but I regularly invest in shit that actually dies so my perspective is obviously skewed.

I do watch the markets though, but more as an indicator of what the general population, and more specifically those type of people, may be thinking.

[lewdog]

Hog, buying ILUS dip?!?!

[Rain Man]

Originally Posted by ghak99

I have a healthy stack of silver in various forms and a little gold, but most of it has been from gifts over the years and buying random stuff at estate auctions when the crowd just doesn't realize what's actually being sold. I honestly have no clue what it's worth and have never even added it up. Just throw any additions I stumble upon in the safe. In general, it would probably be one of the worst investments a person can make, but I regularly invest in shit that actually dies so my perspective is obviously skewed.

I do watch the markets though, but more as an indicator of what the general population, and more specifically those type of people, may be thinking.

I've always wanted a safe.

I feel like you haven't really made it until you have a safe in your house.

[Hammock Parties]

Bout ready to pull the trigger on dat AMC

[Chazno]

Originally Posted by Hammock Parties

Bout ready to pull the trigger on dat AMC

So 41 was the entry point you were looking for?

[Hammock Parties]

It was at 32 earlier today. I was close to pulling then.

[ghak99]

Originally Posted by Rain Man

I've always wanted a safe.

I feel like you haven't really made it until you have a safe in your house.

You're in luck! I have an old 2.5' cube that looks like it belongs in a western bank from the wild west days that I'd make you a deal on. I've used it as a conversation piece for years letting guests try their hand at the combination. No one has guessed it yet, including me eleventy billion times, but it would look really nice with some restoration work.