New To Investing Thread

[steve dave]

My Canadian friend, who happens to operate under US tax laws, says that he pays out of pocket and then writes off the expenses as medical expenses. His wife sometimes messes up and uses the HSA, but he forgives her.
Is he doing it wrong? He says it is the only way you can make money work for you three times: goes in pre-tax, grows tax free, comes out for future old ballz medical expenses tax free. He wants to have $200,000 in his HSA when he retires.


Gonna win 'em all! (using Tapatalk)

you may want to let your canadian friend know that in the U S A you have to have medical expenses in excess of 10% of your AG income to deduct them. And then you can only deduct the portion above that 10%.

[Fedor]

My Canadian friend, who happens to operate under US tax laws, says that he pays out of pocket and then writes off the expenses as medical expenses. His wife sometimes messes up and uses the HSA, but he forgives her.
Is he doing it wrong? He says it is the only way you can make money work for you three times: goes in pre-tax, grows tax free, comes out for future old ballz medical expenses tax free. He wants to have $200,000 in his HSA when he retires.


Gonna win 'em all! (using Tapatalk)

you may want to let your canadian friend know that in the U S A you have to have medical expenses in excess of 10% of your AG income to deduct them. And then you can only deduct the portion above that 10%.

Yes, I have to explain this to Mrs. Fedor every year.  I tell her when one of us gets cancer we can finally deduct something.

[slobber]

He has 3 kids and a hypochondriac for a wife.


Gonna win 'em all! (using Tapatalk)

[slobber]

I will let him know that the first $10k is on him completely.


Gonna win 'em all! (using Tapatalk)

[Fedor]

I will let him know that the first $10k is on him completely.


Gonna win 'em all! (using Tapatalk)

I will alert the IRS that a big check is coming, sounds like your Canadian friend owes a shitload of back taxes.

[slobber]

I will let him know that the first $10k is on him completely.


Gonna win 'em all! (using Tapatalk)

I will alert the IRS that a big check is coming, sounds like your Canadian friend owes a shitload of back taxes.

He said he pays somebody $300/year to handle this crap. No worries. His guy is doing it right.


Gonna win 'em all! (using Tapatalk)

[steve dave]

That person is going to be MIA when this Canadian gets audited.

[Bill Clarahan]

Today would be a good day to be under a rock, a big rock to shield you from the crap pouring down on your head if you're heavily invested in the stock scam.  A piece of advice from an old man, the only real worth you have is when you cash in.

[Emo EMAW]

OR you could be partying balls because you've been in a 3x short ETF for almost two months.   

[Emo EMAW]

http://www.aaii.com/sentimentsurvey  This is great news.

[yoga-like_abana]

I feel like now would be a good time to invest in oil stock or is it maybe gonna dip even further? when you dip, I dip, we dip

[Emo EMAW]

After all this movement it's gonna have to go sideways for a while before any meaningful (low risk) movement up  (IMO, of course). 

[Bill Clarahan]

OR you could be partying balls because you've been in a 3x short ETF for almost two months.   

Wise move grasshopper, I prefer e-mini's myself but as the old asying goes.....it's your peter and your soap, wash it any way you want

[eastcat]

3x anything is asinine.

Look up 'decay'

[ShellShock]

Today would be a good day to be under a rock, a big rock to shield you from the crap pouring down on your head if you're heavily invested in the stock scam.  A piece of advice from an old man, the only real worth you have is when you cash in.

This. Enjoy the long ride fellas! Hopefully none of you are planning on retiring anytime soon.

[Emo EMAW]

3x anything is asinine.

Look up 'decay'

I'm very familiar with decay.  What's asinine is my trading account right now. 

[ChiComCat]

Today would be a good day to be under a rock, a big rock to shield you from the crap pouring down on your head if you're heavily invested in the stock scam.  A piece of advice from an old man, the only real worth you have is when you cash in.

This. Enjoy the long ride fellas! Hopefully none of you are planning on retiring anytime soon.

Hopefully you remember where you dug the hole to bury your money

[Emo EMAW]

The argument:  caring about ETF decay for a short term investment in a volatile market is unnecessary.

Dec 4, 2015:
SPXU:  30.06 (http://www.proshares.com/funds/spxu.html)
SH:  20.48
S&P 500:  2091.69

Today:
SPXU:  43.17
SH:  23.18
S&P 500:  1830.30

Had someone bought $10k of SPXU (S&P 3x short) on Dec 4, today they would have $14,361, a gain of 43.6% over the principal, and a profit of $4,361.

Conversely, had someone straight up shorted $30k (three times the 10k investment) of the S&P 500, they'd have today $33,749, a profit of only $3,749.  That's not even included expenses and whatever if you used an ETF to do it.  If you did use the SH ETF and bought $30k, today you'd have $33,955, profit of $3,955.00.  More money.  Ridiculous.

[Kat Kid]

Seriously considering renting out my house when/if we move.  Have a friend that is a property manager that will handle a lot of the difficult parts/draw up the contracts, look for tenants and handle some repairs.

Haven't run all the numbers yet and need to look at my HOA bylaws for what restrictions there are on renting, but I am liking the idea of the investment property.  Will shift some $ to the real estate fund and stop contributing as much to the market.

[The Big Train]

Good thing I invested in something safe like Bitcoin.

[Emo EMAW]

   (guys, it's about to get rough ridin' nuts, S&P could go to the 1500's)

[sys]

 

[sys]

i like investor calls with foreign companies.

Also, here we can go later on if you want even more categories, this is the NIVEA MEN Creme. You know, we are an absolute number one in men in the world and that thing has boosted penetration like nothing before. Why it does that is very simple? Normally, a face cream of NIVEA MEN cost you around €7, €8. This costs €3.95 and you have double or triple the content in it. And that is a way to grow to penetrate, because in men, one of the biggest potential in men is to penetrate men even more, so that more men using men, that was exactly spot on.

[The Big Train]

Bitcoin is down $33 today and falling fast, get out those pocket books guys

[Fedor]

What is a hot buy today, guyz?  I have some  that need to get to work earning that paper. 
Thanks but no thanks TBT, not interested in digital currency.   I looked at gold funds and that would have been a good idea three months ago. What is the new hawtness?