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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.
[Reply]
lewdog 09:44 PM 02-19-2021
Originally Posted by In58men:
Max that bitch out @ $6000 per year.
Oh I do and have been.

I just know that not everyone can afford that. There's nothing wrong with even a few hundred dollars per year, especially if you're young.

A ROTH IRA is probably the most valuable investment vehicle for middle class earners. You should, however, contribute first to your 401k to get your full employer match (free money). After that, people should look to fund a ROTH.
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Titty Meat 09:46 PM 02-19-2021
Originally Posted by Hammock Parties:
$6000, not $600.

But putting anything in is good.
Yeah that but I'm finally getting my tax return from last year and this years plus with the Biden bucks I would have about 6k I could throw in there
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lewdog 09:46 PM 02-19-2021
I was just looking at my ROTH and I have a mutual fund with T Rowe Price that made 50% in the past year. I thought that was fucking awesome for passive investing.
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Titty Meat 09:47 PM 02-19-2021
Originally Posted by lewdog:
Oh I do and have been.

I just know that not everyone can afford that. There's nothing wrong with even a few hundred dollars per year, especially if you're young.

A ROTH IRA is probably the most valuable investment vehicle for middle class earners. You should, however, contribute first to your 401k to get your full employer match (free money). After that, people should look to fund a ROTH.
I'm pissed that this was never explained to me when I was in college.
[Reply]
Hammock Parties 09:49 PM 02-19-2021
Originally Posted by Titty Meat:
I'm pissed that this was never explained to me when I was in college.
No one told me shit either.

Financial lifestyle should be a mandatory class in HIGH SCHOOL.

Our educational system is a failure.
[Reply]
lewdog 09:50 PM 02-19-2021
Originally Posted by Titty Meat:
I'm pissed that this was never explained to me when I was in college.
I went to college full-time for 7 years and never once took a business class for either of my degrees.

I find that sad. I've learned all on my own but it shouldn't be that way.

Does your employer offer a 401k? Many are also offering ROTH 401ks now. Or will you be looking to set this up yourself?
[Reply]
neech 09:50 PM 02-19-2021
Originally Posted by -King-:
Personal finance and basically long term investment. Now it's basically a reddit thread for quick money and day trading.
I think this thread has all kinds of helpful advice and tips throughout it.

Day trading is part of investing as well, doesn't mean everyone on here does it, I'm just dabbling with my stimulus money from the Govt. with that. Play money i call it.
[Reply]
Titty Meat 09:51 PM 02-19-2021
Originally Posted by Hammock Parties:
No one told me shit either.

Financial lifestyle should be a mandatory class in HIGH SCHOOL.

Our educational system is a failure.
Dude I said this EXACT same thing to my friend the other night. Hes got a pretty good job and is really good at saving money I was like maybe you need to look into this.
[Reply]
DJay23 09:53 PM 02-19-2021
Originally Posted by Titty Meat:
I'm pissed that this was never explained to me when I was in college.
Same here. Well maybe not pissed, but disappointed that I wasn't wise to it.

I've gotten a late start on supplemental retirement savings and have already banked a lot. I shudder to think how much I would have if I had started saving at 22 rather than in my 30s.
[Reply]
Titty Meat 09:53 PM 02-19-2021
Originally Posted by lewdog:
I went to college full-time for 7 years and never once took a business class for either of my degrees.

I find that sad. I've learned all on my own but it shouldn't be that way.

Does your employer offer a 401k? Many are also offering ROTH 401ks now. Or will you be looking to set this up yourself?
I'm starting a new job here shortly and yes they do.
[Reply]
lewdog 09:56 PM 02-19-2021
Originally Posted by Titty Meat:
I'm starting a new job here shortly and yes they do.
Awesome.

Once you get a list of fund choices we can help you choose some things if you have questions.
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Hammock Parties 09:56 PM 02-19-2021
my dad wants me to lowball the seller on this house i looked at today :-)

i'm thinking there's no fucking way i have a shot if i do that - everything in the house is practically brand new, they rehabbed the shit out of it - there's at least five or six offers coming in this weekend

i'd be stupid to lowball...right?
[Reply]
DJay23 09:58 PM 02-19-2021
Originally Posted by neech:
I think this thread has all kinds of helpful advice and tips throughout it.

Day trading is part of investing as well, doesn't mean everyone on here does it, I'm just dabbling with my stimulus money from the Govt. with that. Play money i call it.
It's all golden.

I've been using the stock tips I'm seeing in here as I've just gotten in to day trading in the last week or so.

Thanks for CCIV Clay!
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Hammock Parties 10:01 PM 02-19-2021
Originally Posted by DJay23:
Thanks for CCIV Clay!
Really, lewdog mentioned it first. I just blew it out my ass.

I hope you got into FRX because I see good things coming in pairs. AH today was a very good sign.
[Reply]
Johnny Vegas 10:06 PM 02-19-2021
Originally Posted by Hammock Parties:
No one told me shit either.

Financial lifestyle should be a mandatory class in HIGH SCHOOL.

Our educational system is a failure.
Roth IRA was one of the first things I learned in street class on top of how to balance a check book. Haven’t set one up but now in my mid 30s I sure as shit want to set up a few $5k accounts
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