Author Topic: New To Investing Thread (Read 330830 times)

Emo EMAW · « **Reply #1600 on:** June 19, 2017, 04:22:00 PM »

Weird Tapatalk double post.

The Big Train · « **Reply #1601 on:** June 19, 2017, 06:13:47 PM »

Guess what time it is now guys!! Time to wake up!

Phil Titola · « **Reply #1602 on:** June 19, 2017, 10:28:39 PM »

Bailed on kraken, opened a Poloniex account in 1 minute and moved some ETH over and waiting for it to populate then buying some Ripple...then maxing out on litecoin.

Phil Titola · « **Reply #1603 on:** June 19, 2017, 11:19:12 PM »

Sooo...in new to investing fashion, may have sent some ETH to am ETC wallet address. Can't figure out how to fix that....tbt?

The Big Train · « **Reply #1604 on:** June 20, 2017, 07:43:12 AM »

Quote from: Phil Titola on June 19, 2017, 11:19:12 PM

Sooo...in new to investing fashion, may have sent some ETH to am ETC wallet address. Can't figure out how to fix that....tbt?

Are you using Poloniex for ETH or just Ripple? Did it already subtract from your ETH wallet? If the transaction went through idk what else you could do.

Edit: just reread this and idk if you can send between the two Ethereum wallets...can you?

The Big Train · « **Reply #1605 on:** June 20, 2017, 07:49:10 AM »

I would assume that it just converted them based on their exchange rates relative to each other. CoinBase doesn't do exchanges between cryptocurrencies and I've never used GDAX, Kraken, or Poloniex so I'm not sure how long or what process that takes tbh.

Phil Titola · « **Reply #1606 on:** June 20, 2017, 08:29:15 AM »

I was sending to pol and went to my account there and pulled up my ethereum classic deposit address.....but I sent ETH from coinbase. Appears in my research that those wallet addresses exist on both chains...so an ETH wallet I don't have access to got my ETH. It went through overnight.

Seems like a common problem as poloniex has this specific thing in their ticketing request system. I read last night that they can reverse this but guess I'll wait and see.

Glad I didn't send all my coins like I was originally going to do. Could be a not cheap lesson I'm about to learn.

The Big Train · « **Reply #1607 on:** June 20, 2017, 02:16:03 PM »

So we are getting back into my buy again range. The weekly limits are on a rolling 7 day scale so I have 33% instant buying power again now. Can't decide if I should wait and see how much lower it goes or just pull the trigger.

yoga-like_abana · « **Reply #1608 on:** June 21, 2017, 11:50:15 AM »

will eth keep dropping like a stone?

The Big Train · « **Reply #1609 on:** June 21, 2017, 01:09:27 PM »

Maybe!? It's down 13% over the past 24 hours. ETH has been very good to me and I'd like to get back in if it wants to give back again.

catastrophe · « **Reply #1610 on:** June 21, 2017, 01:24:32 PM »

WARNING: NON BIT CURRENCY POST

So my company is now allowing up to $54k in after-tax contributions to 401(k)s. As far as I can tell, these after-tax contributions are treated almost exactly like any other after-tax investment you would make, except any dividends or other gains are tax-deferred. Seems like a no-brainer to max out this kind of an account before using any other investment accounts unless you plan on being in a higher tax bracket when you start cashing out, which seems counter-intuitive.

So, in my mind, extra dollars should be invested thusly:

1. 401(k) pre-tax - Up to $18,000 / year
1a. HSA pre-tax - Max is like $5,000 or something?
2. IRA / Roth IRA - Up to $5,500 / year
3. 401(k) after-tax - Up to $54,000 / year
4. Other after-tax investment accounts - No limit

Am I missing something?

Update: just read that if you leave your job you can roll over any after-tax 401(k) contributions into a Roth IRA, which is even better for retirement income. Pretty sweet deal.

yoga-like_abana · « **Reply #1611 on:** June 21, 2017, 02:12:46 PM »

get outta here

wetwillie · « **Reply #1612 on:** June 21, 2017, 02:22:15 PM »

Traditional investing is the floor

Emo EMAW · « **Reply #1613 on:** June 21, 2017, 03:14:30 PM »

Why is the HSA hot ass again?

ben ji · « **Reply #1614 on:** June 21, 2017, 03:47:09 PM »

Quote from: catastrophe on June 21, 2017, 01:24:32 PM

WARNING: NON BIT CURRENCY POST

So my company is now allowing up to $54k in after-tax contributions to 401(k)s. As far as I can tell, these after-tax contributions are treated almost exactly like any other after-tax investment you would make, except any dividends or other gains are tax-deferred. Seems like a no-brainer to max out this kind of an account before using any other investment accounts unless you plan on being in a higher tax bracket when you start cashing out, which seems counter-intuitive.

So, in my mind, extra dollars should be invested thusly:

1. 401(k) pre-tax - Up to $18,000 / year
1a. HSA pre-tax - Max is like $5,000 or something?
2. IRA / Roth IRA - Up to $5,500 / year
3. 401(k) after-tax - Up to $54,000 / year
4. Other after-tax investment accounts - No limit

Am I missing something?

Update: just read that if you leave your job you can roll over any after-tax 401(k) contributions into a Roth IRA, which is even better for retirement income. Pretty sweet deal.

Finally, a real investing post!

You are correct in your order of investments and also in your update. Its a good way to sock away even more money if you are a K-State grad and just rolling in dough.

ben ji · « **Reply #1615 on:** June 21, 2017, 03:51:11 PM »

Quote from: Emo EMAW on June 21, 2017, 03:14:30 PM

Why is the HSA hot ass again?

Tax free (And SS/Medicare if its deducted from paycheck) free going in. Tax free going out when you spend it on Medical expenses. Plus you can invest the money you do not need!

Worst case scenario you are super healthy and have a ton of money piled up in there when you retire and you can just turn it into a Traditional IRA. I also think you can can keep it in a HSA to use for medical expenses when your an old person (no taxes on that money) you just can't contribute anymore.

Emo EMAW · « **Reply #1616 on:** June 21, 2017, 04:14:25 PM »

Tax free sex change!!!

Phil Titola · « **Reply #1617 on:** June 21, 2017, 04:35:10 PM »

I can't invest my HSA ...only get boring 1% interest

ben ji · « **Reply #1618 on:** June 21, 2017, 04:36:05 PM »

Quote from: Phil Titola on June 21, 2017, 04:35:10 PM

I can't invest my HSA ...only get boring 1% interest

Tell your HR to find a real HSA provider.

Phil Titola · « **Reply #1619 on:** June 21, 2017, 04:38:18 PM »

I'll do that!

The Big Train · « **Reply #1620 on:** June 21, 2017, 04:40:40 PM »

Holy eff

so that's why CoinBase shut down

http://www.coindesk.com/13-ethereum-ether-prices-plunge-2500-gdax-exchange-flash-crash/

The Big Train · « **Reply #1621 on:** June 22, 2017, 07:25:20 AM »

There's a lot happening on August 1st in the cryptocurrencies investing world guys!

http://litecoin.mit.edu

https://twitter.com/satoshilite/status/877746201004621825

Mikeyis4dcats · « **Reply #1622 on:** June 22, 2017, 09:04:42 AM »

well that must have been scary as crap. congrats to any who bought at the bottom

http://www.msn.com/en-us/money/markets/ethereum-flash-crashes-to-dollar13-before-bouncing-back-to-dollar296/ar-BBD0gWR

The Big Train · « **Reply #1623 on:** June 22, 2017, 10:19:46 AM »

https://www.tradingview.com/chart/LTCBTC/4Vx8QAZd-Mysterious-MIT-Litecoin-Project-Coblee-is-Satoshi-Nakamoto/

catastrophe · « **Reply #1624 on:** June 22, 2017, 12:45:15 PM »

Quote from: Phil Titola on June 21, 2017, 04:35:10 PM

I can't invest my HSA ...only get boring 1% interest

Are you sure it's not an option? I don't think I could invest with mine until I hit some minimum threshold like $4-5k.

Author Topic: New To Investing Thread (Read 330830 times)

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