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Turns out it's NOT a good idea to just let the money sit there in a money market. Thanks for nothing, ben ji
Quote from: Kelly Stewart Creep on April 23, 2013, 08:36:39 AMTurns out it's NOT a good idea to just let the money sit there in a money market. Thanks for nothing, ben ji I think sys and emo may argue with you on this
Which institution?
JANIX
Quote from: ben ji on April 23, 2013, 09:51:25 AMJANIXnope. and the one im in has a short-term leaving penalty thingy so doesnt sound like im getting into this anytime soon
Quote from: Kelly Stewart Creep on April 23, 2013, 10:01:00 AMQuote from: ben ji on April 23, 2013, 09:51:25 AMJANIXnope. and the one im in has a short-term leaving penalty thingy so doesnt sound like im getting into this anytime soonSpartan® Extended Market Index Fund - Investor Class
Quote from: ben ji on April 23, 2013, 11:03:47 AMQuote from: Kelly Stewart Creep on April 23, 2013, 10:01:00 AMQuote from: ben ji on April 23, 2013, 09:51:25 AMJANIXnope. and the one im in has a short-term leaving penalty thingy so doesnt sound like im getting into this anytime soonSpartan® Extended Market Index Fund - Investor Class nope. its a pretty safe one, very boring actually. i wanted to do a biotech one that was kicking ass but thought better of it...
Just saw that one today but then I realized I know absolutely nothing about biotech.
The PBS Frontline last night was all about 401k's and retirement. They basically said everything we said in this thread about shitty 401k choices and how high expense ratio's cheat you out of hundreds of thousands of dollars over the life of your investment. Also pointed out that alot of people are idiots who dont save anything or dip into their 401k's multiple times throughout their lives then bitch when they have to work longer because they dont have any savings left.
Quote from: ben ji on April 24, 2013, 09:18:24 AMThe PBS Frontline last night was all about 401k's and retirement. They basically said everything we said in this thread about shitty 401k choices and how high expense ratio's cheat you out of hundreds of thousands of dollars over the life of your investment. Also pointed out that alot of people are idiots who dont save anything or dip into their 401k's multiple times throughout their lives then bitch when they have to work longer because they dont have any savings left.yeah. a lot of people are idiots.
Quote from: sys on April 22, 2013, 02:05:55 PMQuote from: Emo EMAW on April 22, 2013, 01:41:24 PMAlmost everything I do is a stop/limit kind of order.me too, but i think it's just sort of an emotional crutch, prolly makes no real difference.I don't think so. I had some uranium miners when the tsunami hit Japan and those things tanked. Saved my ass big time. Only has to work once for you to use it every time.Coincidentally I used to be into buying/shorting YRCW and EK back in the day. They were such volatile movers it was fun. Got really OCD on it for a while.
Quote from: Emo EMAW on April 22, 2013, 01:41:24 PMAlmost everything I do is a stop/limit kind of order.me too, but i think it's just sort of an emotional crutch, prolly makes no real difference.
Almost everything I do is a stop/limit kind of order.
Saw a FB post that said if you have no debt and $10 in our pocket then you're richer than 25% of Americans. So honestly if you're even doing 401k or any retirement planning or saving you're ahead of the curve. I'd wager that the majority of friends my age don't even start thinking about this stuff until they start having kids. Kinda scary.
Quote from: Emo EMAW on April 22, 2013, 02:15:25 PMQuote from: sys on April 22, 2013, 02:05:55 PMQuote from: Emo EMAW on April 22, 2013, 01:41:24 PMAlmost everything I do is a stop/limit kind of order.me too, but i think it's just sort of an emotional crutch, prolly makes no real difference.I don't think so. I had some uranium miners when the tsunami hit Japan and those things tanked. Saved my ass big time. Only has to work once for you to use it every time.Coincidentally I used to be into buying/shorting YRCW and EK back in the day. They were such volatile movers it was fun. Got really OCD on it for a while. Stops are good and all but they can't fully protect you. If the market gaps down a bunch at the open the stop isn't going to help you. A lot of young traders think they are assued of getting out at their stop price and that isn't the case. I learned this lesson the hard way a couple of times back in the day. One of the reasons I got out of activley trading stocks. The big news that really moves a stock often doesn't happen during the neat little hours that the markets are open.