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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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Old 10-13-2022, 10:17 AM   #13006
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Wow, what happened? The stock futures were up and then tanked horribly, and now two hours later the market is up nicely. I think I have whiplash.
Stock futures were down about 100 points around 7am. Then England said they were killing the tax cuts that were stupid in the face of inflation and the futures rallied up 300 points, a 400 point swing.

Then the CPI came out and futures dropped 700 points in 3 minutes.

The market opened, sellers pounded the market.

Then people looked at a lot of the prices of stocks and realized they were so oversold and cheap they came in and bought the shit out of the market, rising from bottom to top about 1300 points from bottom to top!

A HUGE swing
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Old 10-13-2022, 10:47 AM   #13007
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Stock futures were down about 100 points around 7am. Then England said they were killing the tax cuts that were stupid in the face of inflation and the futures rallied up 300 points, a 400 point swing.

Then the CPI came out and futures dropped 700 points in 3 minutes.

The market opened, sellers pounded the market.

Then people looked at a lot of the prices of stocks and realized they were so oversold and cheap they came in and bought the shit out of the market, rising from bottom to top about 1300 points from bottom to top!

A HUGE swing

Wheeeeeee!

via GIPHY

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Old 10-13-2022, 10:50 AM   #13008
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The VIX has been above 30, which is a lot of volatility
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Old 10-13-2022, 10:57 AM   #13009
Hog's Gone Fishin Hog's Gone Fishin is offline
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Old 10-14-2022, 02:18 PM   #13010
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Anyone other crypto , which worth attention?
For the post couple of years I am trying to find alternative income sources and that can be one of them if i do everything right.
The other direction i am looking at is this one. A friend of mine made already a decent profit after registering his online business in one of the European counties.
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Old 10-14-2022, 05:52 PM   #13011
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Anyone other crypto , which worth attention?

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Old 10-17-2022, 08:56 PM   #13012
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Roth 401 gives you 2 significant advantages...

1. You will not pay taxes on anything when you withdraw unlike a regular 401

2. After the account is open for 5 years you can withdraw up to the amount of principal without penalty prior to retirement. This is an added safety net feature if you ask me that you don't get from a regular 401....
I did know that but I didn't know this.

Another benefit of a Roth IRA....you aren't required to take minimum distributions like other retirement accounts at a certain age.

That's huge and I honestly had no idea.
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Old 10-17-2022, 09:04 PM   #13013
Buehler445 Buehler445 is online now
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I did know that but I didn't know this.

Another benefit of a Roth IRA....you aren't required to take minimum distributions like other retirement accounts at a certain age.

That's huge and I honestly had no idea.
I didn't know that ether.

You get my last PM?
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Old 10-17-2022, 09:07 PM   #13014
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I didn't know that ether.

You get my last PM?
Yes I did. I really appreciate you working through that with me. Thank you very much. I'm going to do as you suggested.
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Old 10-17-2022, 09:08 PM   #13015
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Yes I did. I really appreciate you working through that with me. Thank you very much. I'm going to do as you suggested.


Get that bag son.
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Old 10-17-2022, 09:17 PM   #13016
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I did know that but I didn't know this.

Another benefit of a Roth IRA....you aren't required to take minimum distributions like other retirement accounts at a certain age.

That's huge and I honestly had no idea.
The age for required minimum distribution is 72. You don't think you'd want to take the minimum out of it by age 72?
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Old 10-17-2022, 09:21 PM   #13017
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The age for required minimum distribution is 72. You don't think you'd want to take the minimum out of it by age 72?
Not if you have Lewdog money
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Old 10-17-2022, 09:23 PM   #13018
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The age for required minimum distribution is 72. You don't think you'd want to take the minimum out of it by age 72?
Hard to know. I just don't like the fact that taking RMD is required, even if you aren't going to use the money. My parents have great pensions and in a few years will be required to start RMDs. They currently live just fine off their pensions and it's absurd they will be required to take RMDs, pay taxes on it and not even need it.

Just hard to know where life will take you as I'm only 37. I like the idea of having a retirement account that will not be required to be touched, while I could just draw from my 401k instead when required.
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Old 10-17-2022, 09:25 PM   #13019
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Not if you have Lewdog money
Well that's not true. If it was true, I would be over the income limits to contribute to a Roth.
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Old 10-18-2022, 06:53 AM   #13020
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