Originally Posted by Rain Man:
I did a study of savings for a client once and I interviewed a bunch of investors about issues related to picking an advisor. It was kind of funny because they all knew that the market has ups and downs and they all said that they blame the financial advisor if they lose money.
I owe you an email. I will hopefully hit you back pretty quick. If I don't, remind me. [Reply]
Originally Posted by lewdog:
Thank you. I am still weighing my options. I think I might have to stick with it all in a traditional 401k because I need that tax benefit coupled with the $25k with the standard deduction for tax bracket purposes. The Roth 401k doesn't help me decrease my taxable income.
I got a tax shelter in Belize I can help you invest in. :-) [Reply]
Originally Posted by lewdog:
Thank you. I am still weighing my options. I think I might have to stick with it all in a traditional 401k because I need that tax benefit coupled with the $25k with the standard deduction for tax bracket purposes. The Roth 401k doesn't help me decrease my taxable income.
Roth 401 gives you 2 significant advantages...
1. You will not pay taxes on anything when you withdraw unlike a regular 401
2. After the account is open for 5 years you can withdraw up to the amount of principal without penalty prior to retirement. This is an added safety net feature if you ask me that you don't get from a regular 401.... [Reply]
This market is so ****ing sad right now. Central banks and fiscal policy have royally ****ed things up bad. Hopefully some sort of end is in sight soon.
This is what you get from a "damn the torpedoes" approach to shutting down the world then flushing it with money before things restart. [Reply]
PRO TIP:
Everyone should take a look at buying in the money calls FAR out dates on the BEST beaten down growth stocks.
AAPL, GOOGL, MSFT, NVDA, DIS, NFLX, AMZN, TSLA, HD, etc
You can put up a fraction of the cash and have 12-28 months to get gains, making 200-500% returns.
Or you can sell naked puts far below todays proces to take in cash BUT you have to have the cash equivalent to buy 100 shares at the strike price for each put sold naked. [Reply]
Wow, what happened? The stock futures were up and then tanked horribly, and now two hours later the market is up nicely. I think I have whiplash. [Reply]
Originally Posted by Rain Man:
Wow, what happened? The stock futures were up and then tanked horribly, and now two hours later the market is up nicely. I think I have whiplash.
Stock futures were down about 100 points around 7am. Then England said they were killing the tax cuts that were stupid in the face of inflation and the futures rallied up 300 points, a 400 point swing.
Then the CPI came out and futures dropped 700 points in 3 minutes.
The market opened, sellers pounded the market.
Then people looked at a lot of the prices of stocks and realized they were so oversold and cheap they came in and bought the shit out of the market, rising from bottom to top about 1300 points from bottom to top!
Originally Posted by scho63:
Stock futures were down about 100 points around 7am. Then England said they were killing the tax cuts that were stupid in the face of inflation and the futures rallied up 300 points, a 400 point swing.
Then the CPI came out and futures dropped 700 points in 3 minutes.
The market opened, sellers pounded the market.
Then people looked at a lot of the prices of stocks and realized they were so oversold and cheap they came in and bought the shit out of the market, rising from bottom to top about 1300 points from bottom to top!
Anyone other crypto , which worth attention?
For the post couple of years I am trying to find alternative income sources and that can be one of them if i do everything right.
The other direction i am looking at is this one. A friend of mine made already a decent profit after registering his online business in one of the European counties. [Reply]
