New To Investing Thread

[Kat Kid]

Only down low single digits on my YOLO RH account.

[chum1]

I launched an "algo trading" program this morning. In the first hour, I spent like $120 on commission to make $17 in profit. Lol.

[steve dave]

you have to spend money to make money as kat kid always says

[Kat Kid]

you have to spend money to make money as kat kid always says

I do tell my wife that pretty frequently when she asks how our "savings" I put in RH are doing.

[chum1]

How will the market react to the election? Up if Trump wins? Up if Biden wins? Down if Biden wins?

[DaBigTrain]

Election result outside of a contested election won't make much of a difference.  The virus is what will move it the most one way or the other IMO.

[chum1]

I don't pay too much attention to it, but my impression of the market is that it is a big, reactionary dummy constantly looking for something to freak the eff out over.

[IPA4Me]

I hope it goes down some and stays there for a few years. Then I can ride the wave back up as I head to retirement in twelve years.

[treysolid]

Activist investing...anyone do it? Last month I dumped an Energy ETF full of oil and gas companies (that I bought like 6 years ago) and replaced it with a Wind Energy ETF to go along with my Solar and Battery ETFs.

[steve dave]

I mean, congrats on your solar because


Sent from my iPhone using Tapatalk

[chum1]

I saw a feature on my broker's website that assesses how your portfolio matches your values. I started to click on it and then decided that I did NOT want to know.

[treysolid]

I mean, congrats on your solar because


Sent from my iPhone using Tapatalk

Solar is up 140% this year so far with Battery up 80% 

[steve dave]

Yes, I keep watching it moonshot thinking I missed out and it’s too late but every time I actually didn’t miss out and should have strapped on. Infuriating.


Sent from my iPhone using Tapatalk

[Kat Kid]

Activist investing...anyone do it? Last month I dumped an Energy ETF full of oil and gas companies (that I bought like 6 years ago) and replaced it with a Wind Energy ETF to go along with my Solar and Battery ETFs.

I still have a lot of oil stonks and such but by next year if I am still feeling this much pain I will capitulate, I am telling myself to hold out until next summer but i am weak willed.

[CHONGS]

Invest in RGR.

[steve dave]

Invest in RGR.

over bought and market is saturated

[steve dave]

STONKS!

[chum1]

So crazy.

[Kat Kid]

STONKS!

today felt so good

['taterblast]

question bout Roth IRAs:

in 2021 they won't be an option for me. do i just pound traditional IRA or do a "backdoor" roth?

[ben ji]

question bout Roth IRAs:

in 2021 they won't be an option for me. do i just pound traditional IRA or do a "backdoor" roth?

Why won't the Roth IRA be an option? The MAGI limit is higher for a roth than a traditional IRA

[tdaver]

Backdoor.  Unless you also already have a traditional with a lot of deducted contributions, then may not be worth it paying taxes on the conversion.

[tdaver]

question bout Roth IRAs:

in 2021 they won't be an option for me. do i just pound traditional IRA or do a "backdoor" roth?

Why won't the Roth IRA be an option? The MAGI limit is higher for a roth than a traditional IRA

MAGI limit for trad IRA is only for determining how much of the contribution is deductible.  You can still make non deductible contributions if over the limit and those can be converted to a Roth.

[steve dave]

Backdoor.  Unless you also already have a traditional with a lot of deducted contributions, then may not be worth it paying taxes on the conversion.

Yeah, back door is the loophole that just continues to be legal for some reason. And by god, I am a follower of the law.


Sent from my iPhone using Tapatalk

['taterblast]

Why won't the Roth IRA be an option?

MAGI limit which i was not aware of until yesterday. kind of blew my mind.