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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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Discuss Thrower 06:50 PM 05-23-2020
That's such a brazen pump you almost have to respect it.
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lewdog 06:57 PM 05-23-2020
Originally Posted by Hammock Parties:
I'm telling you guys. Stay woke.









Looks like a Stocktwits post.

Everyone just claims the stocks they’re following are on fire!
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Rain Man 07:03 PM 05-23-2020
Originally Posted by Discuss Thrower:
That's such a brazen pump you almost have to respect it.
In one tweet he appears to advocate buying stocks with lower prices because you can buy more shares and therefore get larger gains. You can't argue with that.

I mean, unless you know how percentages works. Then you can argue with it.
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lewdog 07:32 AM 05-25-2020
The limit on 401k contribution doesn’t include employer match, correct?
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petegz28 08:37 AM 05-25-2020
Originally Posted by lewdog:
The limit on 401k contribution doesn’t include employer match, correct?
Employer Match Does Not Count Toward the 401(k) Limit
You can only contribute a certain amount to your 401(k) each year. For 2019, that limits stands at $19,000. In 2020, the limit is expected to rise to $19,500.
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MahiMike 09:21 AM 05-25-2020
Originally Posted by Buehler445:
Yeah, it’s remarkable how little a majority of the population knows.

We had this dude working for us. Comes wants a job. So much an hour fine. Always seems to have something to do. Needs to come late. Wants to leave early always has shit to do. So naturally he broke. All the time. Zomg how am I going to make rent blah blah blah. Dude if I were broke and hourly you couldn’t drag me out of that farm with a log chain. Nope. Gotta do this gotta do that.

Then later on he’s plying me for a raise. Which I’m not going to give him because he doesn’t work enough. Anyway he’s whining to me that he doesn’t have any retirement and his dad took retirement at 58 or whatever the soonest he could take (prorated) social security. So his dad is starving to death on prorated social security and doesn’t have a 401k or anything like that. And he doesn’t want to be that way. Wants to do better blah blah blah. His narrative was that he’s this great employee and deserves better. He wasn’t and didn’t, but that doesn’t matter to the story.

So I ask him if he has an IRA. What’s that? Jesus man. A 20 minute google search on “retirement” and you can probably know enough to get a retirement fund started anyway. But all I get is a blank look. So I told him to bring me all his information and I’d help him get one started.

Guess what he never did. Start a retirement fund. But somehow it’s my fault that his dad is a flaming moron and took social security as early as he possibly could and had no other savings. And he’s unwilling to do anything to prevent it from happening to him.

He left and it’s fine. He was obviously not operating in good faith, so I’m fine with it.

But he was obviously worried about it, but totally unwilling to do anything to even try to figure out what to do. Just expect Buehler to fix it.
I had similar situation with a new kid at work. Same story w/his dad and all. I'm teaching him how to invest for the long term. I even wrote a book that I gave him and my kids on this topic. The young ones are easy if they just put it in each month. It's us baby boomers that are trying to hold on to what we have accumulated.
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MahiMike 09:27 AM 05-25-2020
Originally Posted by lewdog:
COST to report earnings 5/28.

I’m in today at $304.50.
COST is one of my forever stocks. Good one.
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raidersnumber1 09:30 AM 05-25-2020
$BA will take us to the promised land. Patience.
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dlphg9 11:00 AM 05-25-2020
Is right now still a really good time to get in on the stock market? I've been doing a little reading so Im not completely ignorant.
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RunKC 11:14 AM 05-25-2020
Originally Posted by dlphg9:
Is right now still a really good time to get in on the stock market? I've been doing a little reading so Im not completely ignorant.
It is never not a good time, as long as you do two things:

Spoiler!

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MahiMike 11:42 AM 05-25-2020
The stock market has never gone down in a 10 yr span. As long as you have 10 yrs to invest, put your $ in ea month on auto pay and leave it.

If you don't have 10 yrs, then it gets a bit dicier...
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Hammock Parties 11:52 AM 05-25-2020
I'm looking at the german market sites today :-)

I have a sickness.

Tomorrow should be good tho :-)
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DaFace 01:02 PM 05-25-2020
Originally Posted by RunKC:
It is never not a good time, as long as you do two things:

Spoiler!
The first part of that is pretty difficult for n00bs, so I'd swap that with a diversified mutual fund.
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petegz28 04:34 PM 05-25-2020
Originally Posted by DaFace:
The first part of that is pretty difficult for n00bs, so I'd swap that with a diversified mutual fund.
90% of people should just buy an SP500 fund and be done with it.
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scho63 04:56 PM 05-25-2020
Originally Posted by lewdog:
The limit on 401k contribution doesn’t include employer match, correct?
Correct
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