Author Topic: New To Investing Thread  (Read 83891 times)

0 Members and 1 Guest are viewing this topic.

Offline Spracne

  • Point Plank'r
  • Pak'r Élitaire
  • *
  • Posts: 10052
  • Not a huge gin guy...
    • View Profile
Re: New To Investing Thread
« Reply #2125 on: March 12, 2019, 02:55:25 PM »
No, actually

Sent from my SM-G975U using Tapatalk


Offline catastrophe

  • Pak'r Élitaire
  • ****
  • Posts: 8195
    • View Profile
Re: New To Investing Thread
« Reply #2126 on: March 12, 2019, 03:26:59 PM »
It will make some attorneys rich though!

Offline sys

  • Contributor
  • Pak'r Élitaire
  • *****
  • Posts: 32794
  • your reputation will never recover, nor should it.
    • View Profile
Re: New To Investing Thread
« Reply #2127 on: March 12, 2019, 03:57:49 PM »
I’ve had a couple go belly up.

me too.  and btw, if you need to sell some worthless/non-trading stock you can usually call your discount broker and they can do it.
we understand it better now that the american century is over and some of us sound more and more like serbs.

Offline ben ji

  • Senior Moderator
  • PCKK7DC Survivor
  • Pak'r Élitaire
  • *******
  • Posts: 7256
  • Alot of people dont hit on an 18
    • View Profile
Re: New To Investing Thread
« Reply #2128 on: March 12, 2019, 04:48:11 PM »
I currently have 90 shares of HEMP valued at $0.02 per share. It was a recommendation from my dad back in 2014, classic pump and dump (Bought at $1.80 per share) but I'm holding on to it for 3 reasons.

1. I'm not really sure if I can sell it since the $4.50 commission for selling it would eat up all the money.

2. To remind myself not to take investing advice from my dad.

3. Maybe an actual BIG WEED company will but HEMP just for its ticker symbol?
"I think my grandpa killed some body once, he never liked to talk about Kent State though"

Offline Chingon

  • Master of the Atom
  • Administrator
  • Pak'r Élitaire
  • *****
  • Posts: 14708
    • View Profile
    • goEMAW.com
Re: New To Investing Thread
« Reply #2129 on: April 03, 2019, 11:15:05 AM »

Offline Dlew12

  • PCKK7DC Survivor
  • Pak'r Élitaire
  • *******
  • Posts: 18872
  • #TeamChestHair
    • View Profile
Re: New To Investing Thread
« Reply #2130 on: April 16, 2019, 12:10:02 PM »
should you max out annual IRA and 401(k) contributions before independently getting into the market?  I would assume so given the tax benefits.

UPDATE: Given benji's advice 5 or 6 years ago when this thread started, max'ing out 401(k) contributions (irrespective of employer match) is the way to go prior to getting into the market independently.  Thanks and go cats.
« Last Edit: April 16, 2019, 12:47:36 PM by Dlew12 »


"You want to stand next to someone and not be able to hear them, walk your ass into Manhattan, Kansas." - [REDACTED]

Offline IPA4Me

  • Pak'r Élitaire
  • ****
  • Posts: 4108
  • El Guapo
    • View Profile
    • Life Advice
Re: New To Investing Thread
« Reply #2131 on: April 16, 2019, 12:13:12 PM »
Great question. I'm at that crossroads.

Sent from my Moto G (4) using Tapatalk


Offline steve dave

  • Global Moderator
  • Pak'r Élitaire
  • *****
  • Posts: 67209
  • SP? all of that--->
    • View Profile
Re: New To Investing Thread
« Reply #2132 on: April 16, 2019, 01:12:46 PM »
should you max out annual IRA and 401(k) contributions before independently getting into the market?  I would assume so given the tax benefits.

UPDATE: Given benji's advice 5 or 6 years ago when this thread started, max'ing out 401(k) contributions (irrespective of employer match) is the way to go prior to getting into the market independently.  Thanks and go cats.

Nice job


Sent from my iPhone using Tapatalk

Offline BW

  • Fan
  • *
  • Posts: 117
    • View Profile
Re: New To Investing Thread
« Reply #2133 on: April 17, 2019, 11:52:25 AM »
Recharacterization of Roth IRA seems to be pain in the ass especially in tax season...Any other ways?

Sent from my SM-G935V using Tapatalk


Offline steve dave

  • Global Moderator
  • Pak'r Élitaire
  • *****
  • Posts: 67209
  • SP? all of that--->
    • View Profile
Re: New To Investing Thread
« Reply #2134 on: April 17, 2019, 12:06:40 PM »
Why can’t they make a sketchy loophole that shouldn’t be legal easier to exploit? smdh.


Sent from my iPhone using Tapatalk

Offline ben ji

  • Senior Moderator
  • PCKK7DC Survivor
  • Pak'r Élitaire
  • *******
  • Posts: 7256
  • Alot of people dont hit on an 18
    • View Profile
Re: New To Investing Thread
« Reply #2135 on: April 17, 2019, 03:36:42 PM »
I saved 40% of my after tax/ss/medicare income last year. All into tax sheltered investment accounts (Roth IRA/401k/HSA).

Only thing I have not fully maxed is my 401k contributions but im hoping max that out this year.
"I think my grandpa killed some body once, he never liked to talk about Kent State though"

Offline wetwillie

  • Pak'r Élitaire
  • ****
  • Posts: 20608
    • View Profile
Re: New To Investing Thread
« Reply #2136 on: April 17, 2019, 04:58:22 PM »
Talk dirty to me some more
When the bullets are flying, that's when I'm at my best

Offline IPA4Me

  • Pak'r Élitaire
  • ****
  • Posts: 4108
  • El Guapo
    • View Profile
    • Life Advice
Re: New To Investing Thread
« Reply #2137 on: April 17, 2019, 05:09:47 PM »
I saved 40% of my after tax/ss/medicare income last year. All into tax sheltered investment accounts (Roth IRA/401k/HSA).

Only thing I have not fully maxed is my 401k contributions but im hoping max that out this year.
Nice. Very nice.

Sent from my Moto G (4) using Tapatalk


Offline catastrophe

  • Pak'r Élitaire
  • ****
  • Posts: 8195
    • View Profile
Re: New To Investing Thread
« Reply #2138 on: April 17, 2019, 05:10:50 PM »
Recharacterization of Roth IRA seems to be pain in the ass especially in tax season...Any other ways?

Sent from my SM-G935V using Tapatalk

It is def annoying but after you do it the first year you basically just repeat the same thing next year so no biggie.

Offline ben ji

  • Senior Moderator
  • PCKK7DC Survivor
  • Pak'r Élitaire
  • *******
  • Posts: 7256
  • Alot of people dont hit on an 18
    • View Profile
Re: New To Investing Thread
« Reply #2139 on: April 17, 2019, 06:25:53 PM »
Talk dirty to me some more
What if I told you I have never spent any of my HSA funds and pay all medical expenses out of pocket?
"I think my grandpa killed some body once, he never liked to talk about Kent State though"

Online chum1

  • Pak'r Élitaire
  • ****
  • Posts: 15503
  • Gucci Mane Book Reader
    • View Profile
Re: New To Investing Thread
« Reply #2140 on: April 17, 2019, 06:33:40 PM »
Here's the thing about retirement savings. By the time you retire, you've pretty much already had all of the fun that you want to have in life. At that point, you're kinda just sittin' around and waiting to die, which doesn't require that much money. So, if you're saving too much for retirement, it's like you're robbing your younger self of fun that your older self has no interest in having.

Offline DaBigTrain

  • Pak'r Élitaire
  • ****
  • Posts: 3030
  • stuxnet, meltdown, spectre, btc, ltc, ffChamp
    • View Profile
Re: New To Investing Thread
« Reply #2141 on: April 17, 2019, 06:35:51 PM »
Yeah but what if you can max out everything AND yolo while you’re young because you’re a :kstategrad:

Offline libstradamus

  • hyperactive on the :lol:
  • Pak'r Élitaire
  • ****
  • Posts: 49292
  • good dog
    • View Profile
Re: New To Investing Thread
« Reply #2142 on: April 17, 2019, 06:52:51 PM »
Here's the thing about retirement savings. By the time you retire, you've pretty much already had all of the fun that you want to have in life. At that point, you're kinda just sittin' around and waiting to die, which doesn't require that much money. So, if you're saving too much for retirement, it's like you're robbing your younger self of fun that your older self has no interest in having.

This is my philosophy as well. Also, due to my lifestyle, I doubt I'll live very long anyway.
Hyperbolic partisan duplicitous hypocrite

Offline catastrophe

  • Pak'r Élitaire
  • ****
  • Posts: 8195
    • View Profile
Re: New To Investing Thread
« Reply #2143 on: April 17, 2019, 06:58:04 PM »
Or you max it out so you can retire while you’re still young enough to do awesome stuff.

Offline steve dave

  • Global Moderator
  • Pak'r Élitaire
  • *****
  • Posts: 67209
  • SP? all of that--->
    • View Profile
New To Investing Thread
« Reply #2144 on: April 17, 2019, 07:07:48 PM »
Or you max it out so you can retire while you’re still young enough to do awesome stuff.

Yeah, you’re going to do killer crap in your 40s/50s for sure.


Sent from my iPhone using Tapatalk

Offline wetwillie

  • Pak'r Élitaire
  • ****
  • Posts: 20608
    • View Profile
Re: New To Investing Thread
« Reply #2145 on: April 17, 2019, 07:30:23 PM »
Or you max it out so you can retire while you’re still young enough to do awesome stuff.

Yeah, you’re going to do killer crap in your 40s/50s for sure.


Sent from my iPhone using Tapatalk

I think someone forgot to tell him about the age you can start withdrawing the money :frown:
When the bullets are flying, that's when I'm at my best

Offline catastrophe

  • Pak'r Élitaire
  • ****
  • Posts: 8195
    • View Profile
New To Investing Thread
« Reply #2146 on: April 17, 2019, 08:46:41 PM »
59.5 for Roth, but you can also withdraw principal contributions anytime without penalty. Not like there’s much point to retiring when your kids are still in high school anyway.
« Last Edit: April 17, 2019, 08:50:01 PM by catastrophe »

Offline catastrophe

  • Pak'r Élitaire
  • ****
  • Posts: 8195
    • View Profile
Re: New To Investing Thread
« Reply #2147 on: April 17, 2019, 08:50:39 PM »
But yes, my plan also relies on non-restatement investments.

Offline Spracne

  • Point Plank'r
  • Pak'r Élitaire
  • *
  • Posts: 10052
  • Not a huge gin guy...
    • View Profile
Re: New To Investing Thread
« Reply #2148 on: April 17, 2019, 08:53:04 PM »
But yes, my plan also relies on non-restatement investments.

I think you mean non-statutory. Oh man . . .

Offline wetwillie

  • Pak'r Élitaire
  • ****
  • Posts: 20608
    • View Profile
Re: New To Investing Thread
« Reply #2149 on: April 17, 2019, 08:54:24 PM »
Talk dirty to me some more
What if I told you I have never spent any of my HSA funds and pay all medical expenses out of pocket?

:love:
When the bullets are flying, that's when I'm at my best