Author Topic: New To Investing Thread  (Read 327416 times)

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Re: New To Investing Thread
« Reply #1975 on: August 31, 2017, 10:12:41 AM »
Oh, and tip for the :kstategrad: out there with money to burn. If your SO is working a job with a 401k (or equivalent) make sure they're maxing it out even if it means taking 70% out of their paycheck. Still makes more financial sense before contributing to an IRA or post-tax 401k in most instances.

why is that

Offline yoga-like_abana

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Re: New To Investing Thread
« Reply #1976 on: August 31, 2017, 10:13:17 AM »
smart money would've been to short sell steve dave and his posting skills a couple of years ago

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Re: New To Investing Thread
« Reply #1977 on: August 31, 2017, 10:21:59 AM »
Just like our investment portfolios, the normie investors focus on slow, sustained, quality growth of the thread.

I can guarantee you the growth of my investments is quality.

Offline steve dave

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Re: New To Investing Thread
« Reply #1978 on: August 31, 2017, 10:30:18 AM »
smart money would've been to short sell steve dave and his posting skills a couple of years ago

you did and lost

http://goEMAW.com/forum/index.php?topic=32302.msg1129702#msg1129702

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Re: New To Investing Thread
« Reply #1979 on: August 31, 2017, 10:34:49 AM »
smart money would've been to short sell steve dave and his posting skills a couple of years ago

you did and lost

http://goEMAW.com/forum/index.php?topic=32302.msg1129702#msg1129702
this boards just got the itch that I cant scratch.. #catscratchfever

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Re: New To Investing Thread
« Reply #1980 on: August 31, 2017, 10:41:00 AM »
Oh, and tip for the :kstategrad: out there with money to burn. If your SO is working a job with a 401k (or equivalent) make sure they're maxing it out even if it means taking 70% out of their paycheck. Still makes more financial sense before contributing to an IRA or post-tax 401k in most instances.

why is that

Because only regular 401k is pretax, meaning you save taxes this year on the front end and also get that money working for you in the market. For the other options Uncle Sam will take out a piece of your income before you invest it.

Calculations may be different depending on income. But if you can afford for your SO to lose most of their paycheck you are probably in a high enough tax bracket that you benefit more from saving on taxes now.

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Re: New To Investing Thread
« Reply #1981 on: August 31, 2017, 01:45:27 PM »
def depends on income. a roth 401k is a pretty nice option to have if you aren't making tons of cash.

if you're maxing out your 401ks and don't qualify for tax advantaged IRAs because of your income you can backdoor a roth by depositing money into a traditional IRA and then immediately rolling it into a roth. it's basically cheating but not against the law.

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Re: New To Investing Thread
« Reply #1982 on: September 01, 2017, 11:52:48 AM »
It would be hypothetical $1000 invested.  You put your buys ITT and so does TBT, whoevers return is greater on a percentage basis wins.  Chum1 will be the referee.

So hypothetically I just bought $1000 worth of LTC at $42.48.

:lol:


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Re: New To Investing Thread
« Reply #1983 on: September 19, 2017, 12:34:04 PM »

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Re: New To Investing Thread
« Reply #1984 on: September 19, 2017, 12:57:07 PM »
1. Some people just don't get this thread.

2. I don't see the point of the hypothetical investment deal now that the normies have control of the thread back.

3. Still plenty of time for a crypto bubble to burst.

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Re: New To Investing Thread
« Reply #1985 on: September 19, 2017, 12:58:26 PM »
def depends on income. a roth 401k is a pretty nice option to have if you aren't making tons of cash.

if you're maxing out your 401ks and don't qualify for tax advantaged IRAs because of your income  you can backdoor a roth by depositing money into a traditional IRA and then immediately rolling it into a roth. it's basically cheating but not against the law.

Also, I would like to hear more about this option.  Did not know that was possible.  I just recently found out about the post-tax 401k that could be back-doored into a Roth though (typically only after you switch jobs,but still).

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Re: New To Investing Thread
« Reply #1986 on: September 19, 2017, 01:00:50 PM »


3. Still plenty of time for a crypto bubble to burst.
It already did.. And now its blowing back up again

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Re: New To Investing Thread
« Reply #1987 on: September 19, 2017, 01:03:38 PM »
1. Some people just don't get this thread.

2. I don't see the point of the hypothetical investment deal now that the normies have control of the thread back.

3. Still plenty of time for a crypto bubble to burst.

If you're going to win why get rid of it?

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Re: New To Investing Thread
« Reply #1988 on: September 19, 2017, 01:04:54 PM »
catastrophe plays the CD market still like a boss

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Re: New To Investing Thread
« Reply #1989 on: September 19, 2017, 01:46:43 PM »
Once you learn the basics of investing (Tax advantaged accounts, minimize fees, index funds, etc) there is not much to talk about. 

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Re: New To Investing Thread
« Reply #1990 on: September 21, 2017, 07:22:43 AM »
Has anyone used the Robinhood app?


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Re: New To Investing Thread
« Reply #1991 on: September 21, 2017, 08:03:51 AM »
Has anyone used the Robinhood app?


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Yea it's pretty decent. you can get etf's but I don't think access to actual mutual funds through the app exists yet.
When the bullets are flying, that's when I'm at my best

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Re: New To Investing Thread
« Reply #1992 on: September 21, 2017, 01:31:58 PM »
 :surprised: not bullshiting or ge'ing but I had a buddy that referred me to it through a link. well you get a free stock through doing so. He ended up with some crap $4 stock and ole y-l_a landed facebook  :horrorsurprise:
so if anyone wants to do this as well PM me and I'll figure out how to do the referrals because this was the actual look on my face  :Wha:


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Re: New To Investing Thread
« Reply #1994 on: September 21, 2017, 03:06:51 PM »
Has anyone used the Robinhood app?


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Yea it's pretty decent. you can get etf's but I don't think access to actual mutual funds through the app exists yet.

But don't only completely ignorant idiots purchase mutual funds? That's what people are saying...

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Re: New To Investing Thread
« Reply #1995 on: September 21, 2017, 03:11:11 PM »
Has anyone used the Robinhood app?


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Yea it's pretty decent. you can get etf's but I don't think access to actual mutual funds through the app exists yet.

But don't only completely ignorant idiots purchase mutual funds? That's what people are saying...

Quit subtweeting and @ someone.
When the bullets are flying, that's when I'm at my best

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Re: New To Investing Thread
« Reply #1996 on: September 21, 2017, 03:30:57 PM »
Has anyone used the Robinhood app?


Sent from my iPhone using Tapatalk

Yea it's pretty decent. you can get etf's but I don't think access to actual mutual funds through the app exists yet.

But don't only completely ignorant idiots purchase mutual funds? That's what people are saying...
spracne pm me your phone number so we can party with another individual stock. made my coworker sign up she got zynga not the same as Xanga (who remembers that place!) and I got groupon this go around  :curse:

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Re: New To Investing Thread
« Reply #1997 on: February 01, 2018, 03:22:42 PM »
def depends on income. a roth 401k is a pretty nice option to have if you aren't making tons of cash.

if you're maxing out your 401ks and don't qualify for tax advantaged IRAs because of your income you can backdoor a roth by depositing money into a traditional IRA and then immediately rolling it into a roth. it's basically cheating but not against the law.

Bumping this thread because it is IRA season (and bonus season for some) and I need to know more about this regular IRA immediate rollover into Roth thing.  Any :kstategrad: successfully done this, and is there any reason NOT to do it?  TIA

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Re: New To Investing Thread
« Reply #1998 on: February 01, 2018, 03:44:59 PM »
if you're making enough money that you're not eligible for a tax advantaged IRA, you probably don't want to deposit into a roth.
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