Author Topic: New To Investing Thread  (Read 327284 times)

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Offline yoga-like_abana

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Re: New To Investing Thread
« Reply #825 on: March 16, 2014, 02:33:36 PM »
770 account.. Has anyone heard of this or heard of anyone that actually has one? Seems like a lot of smoke and mirrors


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Offline sys

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Re: New To Investing Thread
« Reply #826 on: March 16, 2014, 02:40:57 PM »
770 account.. Has anyone heard of this or heard of anyone that actually has one? Seems like a lot of smoke and mirrors

seems like if you have a lot of money, and are more concerned with taxes than returns, it might make sense.
"experienced commanders will simply be smeared and will actually go to the meat."

Offline EllRobersonisInnocent

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Offline ben ji

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Re: New To Investing Thread
« Reply #828 on: May 01, 2014, 10:37:21 PM »
Anyone have any experience with rolling over 401k's when you change jobs? May be changing soon and I was just planning on rolling it all into my roth IRA.

depends on your tax rate and how much you have in it.  you might need to roll to a trad ira and then convert some each year to the roth.
Anyone have any experience with rolling over 401k's when you change jobs? May be changing soon and I was just planning on rolling it all into my roth IRA.
You just contact the company who administers your 401k and tell them you want to roll it over, you fill out some forms and they put it into whatever account you tell them to, pretty easy. But I don't think you can move money from a regular 401k to a Roth IRA, you could just move it to your new 401k, or a regular IRA though

Gotcha, if it happens I'll look into the different options.


So I switched jobs and ended up rolling my old 401k into an IRA, just sitting there as cash right now.

Planning on looking at different options tomorrow but more than likely I'll put 50% in a SP500 index fund then divide the rest between different Industry/Geographic funds or whatever I find interesting. 

Is there any advantage to spacing out my purchases over a longer period of time or should I just pull the trigger whenever I feel comfortable with my decisions?

Offline michigancat

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Re: New To Investing Thread
« Reply #829 on: May 01, 2014, 10:59:49 PM »
Anyone have any experience with rolling over 401k's when you change jobs? May be changing soon and I was just planning on rolling it all into my roth IRA.

depends on your tax rate and how much you have in it.  you might need to roll to a trad ira and then convert some each year to the roth.
Anyone have any experience with rolling over 401k's when you change jobs? May be changing soon and I was just planning on rolling it all into my roth IRA.
You just contact the company who administers your 401k and tell them you want to roll it over, you fill out some forms and they put it into whatever account you tell them to, pretty easy. But I don't think you can move money from a regular 401k to a Roth IRA, you could just move it to your new 401k, or a regular IRA though

Gotcha, if it happens I'll look into the different options.


So I switched jobs and ended up rolling my old 401k into an IRA, just sitting there as cash right now.

Planning on looking at different options tomorrow but more than likely I'll put 50% in a SP500 index fund then divide the rest between different Industry/Geographic funds or whatever I find interesting. 

Is there any advantage to spacing out my purchases over a longer period of time or should I just pull the trigger whenever I feel comfortable with my decisions?

Why roll it over to cash? You don't need to roll it over if you liked your options before.

Offline ben ji

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Re: New To Investing Thread
« Reply #830 on: May 01, 2014, 11:08:41 PM »
I didn't like my options before, I had like 15 of them to choose from.




Offline eastcat

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Re: New To Investing Thread
« Reply #831 on: May 02, 2014, 12:53:35 AM »
Right now isn't really a good time to enter the market, the SP500 is a pretty low yield index, the companies are all mature. If you have a long time horizon you should be steering towards a NASDAQ or IPO index that is tech and growth based.

Offline steve dave

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Re: New To Investing Thread
« Reply #832 on: May 02, 2014, 06:09:16 AM »

Right now isn't really a good time to enter the market, the SP500 is a pretty low yield index, the companies are all mature. If you have a long time horizon you should be steering towards a NASDAQ or IPO index that is tech and growth based.

Hey eastcat, 1999 called and would like their investment advice back

Offline IPA4Me

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Re: New To Investing Thread
« Reply #833 on: May 02, 2014, 06:14:54 AM »
Hop on that nasdaq as tech stocks are stupidly over valued.

Online Tobias

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Re: New To Investing Thread
« Reply #834 on: May 02, 2014, 07:02:02 AM »

Hey eastcat, 1999 called and would like their investment advice back

he wasn't alive for the dot com bubble :surprised:

Offline steve dave

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Re: New To Investing Thread
« Reply #835 on: May 02, 2014, 07:28:37 AM »

Hey eastcat, 1999 called and would like their investment advice back

he wasn't alive for the dot com bubble :surprised:

lies

Offline slobber

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Re: New To Investing Thread
« Reply #836 on: May 02, 2014, 07:45:09 AM »
Experts would say you should invest this gradually, but experts are stupid. Throw it all in and roll the dice.
« Last Edit: May 02, 2014, 08:16:21 AM by slobber »

Offline EllRobersonisInnocent

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Re: New To Investing Thread
« Reply #837 on: May 02, 2014, 08:13:02 AM »
I'm going to buy some Apple before the stock splits next month

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Re: New To Investing Thread
« Reply #838 on: May 02, 2014, 08:26:47 AM »
lies

eastcat you goddamn racist rascal :shakesfist:

Offline Emo EMAW

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Re: New To Investing Thread
« Reply #839 on: May 02, 2014, 08:44:09 AM »
Commodities bruh.

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Re: New To Investing Thread
« Reply #840 on: May 04, 2014, 11:52:10 PM »
i know a certain poster who is reaping the benefits of buying tons of apple stock 10+ years ago and is just rolling in straight cash right now :kstategrad:

Offline 420seriouscat69

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Re: New To Investing Thread
« Reply #841 on: May 07, 2014, 09:07:00 AM »
So I haven't consolidated my 401 K from like three different companies. This is very naive, but it's still out there, right? Do I just need to contact fidelity and ask them to collect my past 401 K's from other companies? Is this a lot of work?

Offline Emo EMAW

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Re: New To Investing Thread
« Reply #842 on: May 07, 2014, 09:09:39 AM »
My wife just rolled over one 401k to another.  Takes a few days but was pretty easy.  They had to physically mail her a check which she then mailed to the other folks. 

Offline EllRobersonisInnocent

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Re: New To Investing Thread
« Reply #843 on: May 07, 2014, 09:12:08 AM »
So I haven't consolidated my 401 K from like three different companies. This is very naive, but it's still out there, right? Do I just need to contact fidelity and ask them to collect my past 401 K's from other companies? Is this a lot of work?

Call the old companies and get rollover/transfer paperwork.

Offline 420seriouscat69

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Re: New To Investing Thread
« Reply #844 on: May 07, 2014, 09:12:44 AM »
Thanks guys! :cheers:

Offline Mrs. Gooch

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Re: New To Investing Thread
« Reply #845 on: May 07, 2014, 09:21:34 AM »
Make sure you send the disbursement checks directly into your new 401K, not cash them, or else you will end up paying a bunch of penalties.

Offline 420seriouscat69

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Re: New To Investing Thread
« Reply #846 on: May 07, 2014, 09:24:26 AM »
Make sure you send the disbursement checks directly into your new 401K, not cash them, or else you will end up paying a bunch of penalties.
Yeah, don't they tax you like 40% or something crazy like that?

Offline EllRobersonisInnocent

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Re: New To Investing Thread
« Reply #847 on: May 07, 2014, 09:28:44 AM »
Make sure you send the disbursement checks directly into your new 401K, not cash them, or else you will end up paying a bunch of penalties.
Yeah, don't they tax you like 40% or something crazy like that?

If you don't put it into an IRA within 60 days of withdrawal then yes, they tax the crap out of it.

Offline michigancat

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Re: New To Investing Thread
« Reply #848 on: May 07, 2014, 10:33:35 AM »
My wife just rolled over one 401k to another.  Takes a few days but was pretty easy.  They had to physically mail her a check which she then mailed to the other folks. 

It's a huge pain in the ass compared to how easy it should be.

Offline meow meow

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Re: New To Investing Thread
« Reply #849 on: May 07, 2014, 10:44:41 AM »
I left a job about a year ago, and that 401k is now a traditional IRA, in which I don't make any contributions to currently, it's just all of the old money from when i was at my old job.  Now at my new job, I have a different 401k.  I should get that IRA rolled into my 401k shouldn't I?  It will grow a lot faster will all of the money in one place, no?