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10-14-2017, 08:42 PM | #1306 |
Fish are scared of me
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10-15-2017, 09:10 AM | #1307 |
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You sold out a long time ago correct?
Follow this advice from many of the most successful money managers: "Let your winners run keep running and sell your losers quickly" Amateurs usually do the opposite. Not easy
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10-15-2017, 10:11 AM | #1308 | |
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Quote:
And you're right. I more evaluate a company based on long term investing not trading. Reading the Intelligent Investor right now and it's definitely a learn on investing for long term and companies with sound financial plans. Has tons of scenarios relating to the dot.com boom that are just fascinating for someone who was in middle and high school at the time and didn't pay attention to any of it! Crazy how some of these companies went from gains of 1000%+ down to penny stocks in a matter of months. Thanks for the link.
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10-15-2017, 10:44 AM | #1309 | |
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10-15-2017, 11:46 AM | #1310 | |
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
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10-15-2017, 02:20 PM | #1311 | |
Fish are scared of me
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Quote:
Your advice is duly noted. |
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10-20-2017, 03:22 PM | #1312 |
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Max out your 401K investments while you can:
How the GOP Tax Bill Could Squeeze Your 401(k) Lobbyists and others in the retirement and financial services industries who have spoken to congressional staff and committee members say lawmakers are looking at proposals that would allow 401(k) participants to contribute significantly less than what is currently allowed in a traditional tax-deferred 401(k). An often mentioned amount is $2,400 a year. It isn't clear whether that would only apply to 401(k)s or IRAs or both. http://www.foxbusiness.com/features/...our-401-k.html |
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10-20-2017, 05:10 PM | #1313 | |
Seize life. Be an ermine.
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VARSITY
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Quote:
Sorry. A bad memory just bubbled up.
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10-20-2017, 07:44 PM | #1314 | |
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I do doubt the lobbyists for investment firms allow this to happen though. It would not benefit them in the slightest.
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10-21-2017, 01:31 AM | #1315 |
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That would be so ****ed up. Americans suck at saving for retirement already. Taking away the tax incentives to do so would only hurt that. Plus, 401ks are literally designed for the working class. The ultra wealthy all have trusts to shield them from tax obligations. This tax reform will be even more regressive than the previous system by the looks of it.
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10-21-2017, 01:39 AM | #1316 |
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Volumes will crash. Fluctuations will be weighted much heavier. Ergo: Volatility. Most investors like volatility.
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10-21-2017, 10:11 AM | #1317 | |
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I know the Tea Party has been against it as a financial trick and not really fixing the spending/debt issue. It's just pulling future revenue forward |
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10-21-2017, 10:14 AM | #1318 |
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Well the IRS says **** you GOP!!!
$18,500 for 401k contribution. https://www.cnbc.com/2017/10/20/the-...ts-by-500.html
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10-21-2017, 11:55 AM | #1319 | |
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So I don't get a tax break if they limit my 401k that much. Fine, my federal taxes end up lower with this plan and my take home pay is more. However, I have to shuttle more of my take home pay into after tax investment accounts. However, the current max for a Roth IRA is $5,500 and if they cap the 401k at $2,400, my current yearly investment amount will be tremendously limited compared to where it is now ($7,900 vs $24,000). So I end up putting even more after tax money into a brokerage account which is taxed even further than either a ROTH or 401k. This is a **** on the middle class.
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10-21-2017, 12:44 PM | #1320 |
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I really don't understand what they hell is going on with the idea of pre-taxing 401K investments. Sounds like one of the dumbest ideas I have ever heard and would be a big disincentive to invest.
I want to see that it actually says as I keep hearing different stories on what it really is going to be.
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