Investing, Stock Market and Retirement Planning Thread

CBear3
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Investing, Stock Market and Retirement Planning Thread

Postby CBear3 » Mon Jun 27, 2022 12:12 pm

650 FTW!

Pavel Bure
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Investing, Stock Market and Retirement Planning Thread

Postby Pavel Bure » Sat Jul 02, 2022 6:51 pm

https://qz.com/2184431/robinhood-nearly ... ource=digg

So Robin Hood did some major **** to save itself. Retail investors suffered, and… no punishment.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Mon Jul 04, 2022 10:54 am

@NTP66 is on vacation, but he should be aware that our Marcus accounts interest rate went up again - now at 1.0%

Marcus accounts are great places to stash your emergency funds. I just wish they had debit card services.
I saw the e-mail about that... followed up by another e-mail when it was bumped again to 1.20%. Nice, but the I Bond rate of 9.62% right now is just smoking everything else.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Mon Jul 04, 2022 10:56 am

My credit score is around 775 right now. Honestly not even sure why, as I haven't opened any new accounts recently, and always pay off balances.

RonnieFranchise
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Investing, Stock Market and Retirement Planning Thread

Postby RonnieFranchise » Mon Jul 04, 2022 6:35 pm

Mrs Franchise has almost he same debt as me except is not signed on the car loan and she is co-signer on a different kid’s student loan. Her score is 812, 52 pts higher than mine.

DigitalGypsy66
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Investing, Stock Market and Retirement Planning Thread

Postby DigitalGypsy66 » Mon Jul 04, 2022 9:24 pm

My wife's credit is always 10-15 points above mine, despite us having the same debt and accounts for the last 20 years.

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Tue Jul 05, 2022 9:06 pm

Right now, would you contribute to a 529 or buy I bonds for your child...

Dickie Dunn
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Investing, Stock Market and Retirement Planning Thread

Postby Dickie Dunn » Tue Jul 05, 2022 9:07 pm

How old is the child?

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Tue Jul 05, 2022 9:10 pm

4 months.

Edit, I also have an almost 4 year old who has a 529 that I contribute to also.

NTP66
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Postby NTP66 » Tue Jul 05, 2022 9:36 pm

I Bonds, because I don’t see the market beating 7-10% in the next 12 months (which is the minimum you have to leave the funds in for).

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Postby Dickie Dunn » Tue Jul 05, 2022 9:55 pm

NTP's point is valid and completely logical, but personally I choose 529. Completely tax free upon withdrawal. Stock market is low right now. Might go lower, but will eventually go back up. As that happens you're likely to see the rate on I Bonds go down. Principal on I-Bonds only increases every 6 months and is subject to Federal taxes when sold. One year lock up period, so if things change drastically you're stuck. If you sell within five years of purchase, which is longer than any modern recession would last, you forfeit three months of interest.

So if you decide to buy $5,000 of I Bonds and only hold onto them for a year because the global financial situation has **** itself this time next year, you earn yourself $240.50 of interest the first six months and then another $252.07 over the final six months, less an early sell penalty of $126.03, leaving you with $5,366.53. Now estimating a federal tax rate of 28%, we're at a total after tax return of $263.90, putting you at a real return of 5.3%. Is that likely better than the stock market will do the rest of this year? Definitely, but for me it's not worth being locked into a temporarily illiquid asset that will underperform the stock market in the long run. Regardless of how long inflation and global financial issues last, my belief is that your best move to maximize returns would be selling the I Bonds before the five year point, which means you're bound to encounter a three month period where you're forfeiting any return on your assets. I put that **** into a 529, choose some inflation friendly funds, and Ron Popeil that **** for a couple years until it's time to go heavy into growth funds and we repeat this viscous cycle all over again.

9.62% is pretty sweet right now, but that will eventually go down. From end of 2018 (height of the last global financial issue) until today the DJIA is up an annualized 8.41%, S&P up 12.85%, and NASDAQ up 16.44%. If you were a more proactive money manager and moved things to cash at the beginning of this year, you would have locked in 16.13%, 24.07%, and 33.51%. Go back 18 years and you're looking at at least 7% annualized.

MrKennethTKangaroo
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Investing, Stock Market and Retirement Planning Thread

Postby MrKennethTKangaroo » Wed Jul 06, 2022 6:37 am

I stand with Dunn.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Wed Jul 06, 2022 6:57 am

DD has more faith in the market over the next 12 months than I do.

Edit: Unlike me, he didn't forget that buying stocks at a discount will eventually pay off in the long term. So I change my answer (even though I just do both right now).
Last edited by NTP66 on Wed Jul 06, 2022 7:31 am, edited 1 time in total.

NTP66
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Postby NTP66 » Wed Jul 06, 2022 7:07 am

lol, updated Quicken for the first time in weeks thinking it wouldn't be too bad. I was very wrong.

Pavel Bure
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Investing, Stock Market and Retirement Planning Thread

Postby Pavel Bure » Wed Jul 06, 2022 5:24 pm

GME splitting 4:1 should I dump some money in there now? I have a share still lol

Dickie Dunn
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Investing, Stock Market and Retirement Planning Thread

Postby Dickie Dunn » Wed Jul 06, 2022 5:27 pm

Buy after a split.

dodint
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Postby dodint » Mon Jul 11, 2022 10:47 am

I usually take 'savings' and dump it in a blue-chip stock instead of a savings account. But that's looking pretty grim right now. Where do people go to get decent savings rates? My CU that I usually park money in has a rate of 0.05% which seems sub-optimal at best. ;)

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Mon Jul 11, 2022 10:51 am

DG and I are enjoying the bounty from Marcus's 1.20% APY savings accounts. I also have a lot in I Bonds right now.

mikey
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Postby mikey » Mon Jul 11, 2022 7:50 pm

Fiance found out that she had been enrolled in a pension plan at her gallery...she found because the plan is being terminated (the person who founded it died years ago and the company no longer contributes). She's got a mid-four-digit amount of money there apparently...any ideas on what her options might be? This seems like one of those things that the tax code finds a way to eat up if you aren't paying attention...

I'm actively googling it, but that's not always the best advice...

NTP66
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Postby NTP66 » Mon Jul 11, 2022 8:16 pm

At every place I’ve worked, you’ve been able to rollover your pension into the company’s 401k/403b. No penalty, taxes, etc. I went through this very same thing a few years ago.

Beveridge
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Investing, Stock Market and Retirement Planning Thread

Postby Beveridge » Mon Jul 11, 2022 8:18 pm

Rolling it over is the best play and do it direct. Don't play the middle man.

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Mon Jul 11, 2022 8:19 pm

My company gave us the option to end our pension and put that % contribution into our 401k match. I took that option. I'm not really sure where my pension is at, I'm pretty sure it's just "closed" and sitting there now, we weren't afforded the option to roll over (as its still an active plan, I just unenrolled myself)

mikey
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Investing, Stock Market and Retirement Planning Thread

Postby mikey » Mon Jul 11, 2022 10:13 pm

Rolling it over is the best play and do it direct. Don't play the middle man.
Is there a specific process to "do it direct"...? That might not be a fair question...

MrKennethTKangaroo
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Investing, Stock Market and Retirement Planning Thread

Postby MrKennethTKangaroo » Tue Jul 12, 2022 12:06 am

Yes. Does she have any investments with like an actual investment advisor

mikey
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Investing, Stock Market and Retirement Planning Thread

Postby mikey » Tue Jul 12, 2022 12:24 am

Nah, she mostly listens to me. So, it's all in shitcoins, ARKs, and that company that has the monkeypox vaccine patent...


But actually, she just has some very simple stuff with Vanguard - it was largely in bonds (like an old b*tch) - I split it up into some more aggressive stuff and a target date fund. The only real advice that she can solicit is from her gallery's accountant, which is the person that informed her of this found money...he recommended rolling it into an IRA I found out, so assuming that he isn't a fleabit peanut monkey, I'm assuming he'll assist with the process in a satisfactory way...

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