New To Investing Thread

[wetwillie]

eff 'em

[star seed 7]

Have they thought of pulling themselves up by their doc marten straps?

[sys]

https://twitter.com/jmhorp/status/1706311482353279006

[KITNfury]

https://twitter.com/jmhorp/status/1706311482353279006

Looks pretty close for all 3 gens at the mid 30s. Now watcha gonna do wit it, watcha gonna do wit it. I put this graph in your face.

[steve dave]

lmao

[michigancat]

lmao

stop

lmao

[cfbandyman]

Got to stop going out to eat so we can fly private to Aspen this month kids

[wetwillie]

Personal finance types I think have to be certified weirdos to make it in the space

[steve dave]

Personal finance types I think have to be certified weirdos to make it in the space

100%. Ramsey, Kiyosaki, Orman, all grifting sociopaths.

[Pete]

Yep

[ShellShock]

https://twitter.com/jmhorp/status/1706311482353279006

Is this net worth per capita? I'm confused by this graph...

[Skipper44]

lmao

this person is just a germaphobe with a high resource level

[CNS]

Personal finance types I think have to be certified weirdos to make it in the space

100%. Ramsey, Kiyosaki, Orman, all grifting sociopaths.

Rich Dad Poor Dad just had an article written about how he is $1.2B in debt and his response is that he doesn't rough ridin' care because if he goes bust so does the bank that he owes that money to. 

finance hack!

[steve dave]

Personal finance types I think have to be certified weirdos to make it in the space

100%. Ramsey, Kiyosaki, Orman, all grifting sociopaths.

Rich Dad Poor Dad just had an article written about how he is $1.2B in debt and his response is that he doesn't rough ridin' care because if he goes bust so does the bank that he owes that money to. 

finance hack!

that downgrade has been calling for a catastrophic market collapse for like 20 years straight.

[IPA4Me]

Personal finance types I think have to be certified weirdos to make it in the space

100%. Ramsey, Kiyosaki, Orman, all grifting sociopaths.

Rich Dad Poor Dad just had an article written about how he is $1.2B in debt and his response is that he doesn't rough ridin' care because if he goes bust so does the bank that he owes that money to. 

finance hack!

that downgrade has been calling for a catastrophic market collapse for like 20 years straight.

Macro boys never seem to consider the Fed and Treasury keep propping crap.

[Stupid Fitz]

Should just make this a sticky. Its almost backdoor roth time. I have a roth at VG and also a taxable MM there. If I remember right, I open a new regular IRA, move the MM to the regular and then "convert" to the currently open Roth???

[catastrophe]

Should just make this a sticky. Its almost backdoor roth time. I have a roth at VG and also a taxable MM there. If I remember right, I open a new regular IRA, move the MM to the regular and then "convert" to the currently open Roth???

Generally I think you got it, but honestly every year I just Google “vanguard IRA to Roth conversion.” They have a step by step laying out the process for you.

Also, if you did this last year you shouldn’t need to open a new traditional IRA. You should just have the same IRA with a zero balance that you can fund directly and then convert that.

[Stupid Fitz]

Should just make this a sticky. Its almost backdoor roth time. I have a roth at VG and also a taxable MM there. If I remember right, I open a new regular IRA, move the MM to the regular and then "convert" to the currently open Roth???

Generally I think you got it, but honestly every year I just Google “vanguard IRA to Roth conversion.” They have a step by step laying out the process for you.

Also, if you did this last year you shouldn’t need to open a new traditional IRA. You should just have the same IRA with a zero balance that you can fund directly and then convert that.

[steve dave]

Investing is EZ

https://twitter.com/RyanDetrick/status/1756060932713668784

[wetwillie]

Stonks go up!

[JaylenHouse]

That sounds like solid advice, especially about snagging that free money from your employer's 401k match - it's like hitting the jackpot without even buying a ticket!
And diving into a Roth IRA after maxing out that match? Genius move. Tax-free growth and more investment options? Sign me up! Plus, starting early means you'll reap the benefits down the road when you're living the high life in retirement.
If you're hungry for more investing wisdom, I stumbled upon this blog about VC NYC firms that might offer some fresh insights: waveup.com/blog/venture-capital-firms-nyc/. Give it a read and see if it sparks any lightbulb moments.

[DaBigTrain]

So should I put my life savings into $DJT ? Seems like a sure thing...

[catastrophe]

What is your tolerance to fraud?

[DaBigTrain]

So should I put my life savings into $DJT ? Seems like a sure thing...

Trump Media (NASDAQ:DJT) shares fell more than 20% on Monday, erasing the gains seen since the social network merged with special-purpose acquisition company Digital World Acquisition Corp. to become a publicly traded company.

Shares were recently changing hands at $49.00 as more than 22M shares were traded.

Separately on Monday, the company filed a document with the Securities and Exchange Commission that it had a net loss of $58M in 2023 on $4.1M in revenue.

 

[Spracne]

Nobody could have seen this coming ...