I actually daytrade a little, but almost exclusively with Swedish stocks so I can't contribute to your discussionsYou're the lone daytrader here...Source of the post If anyone likes to daytrade, might be worth a shot here...
Investing, Stock Market and Retirement Planning Thread
Investing, Stock Market and Retirement Planning Thread
Investing, Stock Market and Retirement Planning Thread
I mainly check if any stock has changed value quite much since a "big" news. Usually, I think the market overreacts, so I sell if the stock has increased a lot, and buy if it has decreased a lot. Naturally, I lose sometimes, but I usually trade with a fraction of my capital and win more than I lose.Look at the chart. Do the opposite of what makes sense.
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Investing, Stock Market and Retirement Planning Thread
Submitting my monthly VTSAX purchase today, and looking at the market, timing will work nicely. Honestly thinking about funding the next 3 months today while the market's trash.
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Investing, Stock Market and Retirement Planning Thread
I've crushed options this week. Caught the santa rally up earlier in the week. Then 3.5x'd my money in four hours today with this dip (could have been 6x, but took the profits and walked)...see me under: streets, hot in the
Investing, Stock Market and Retirement Planning Thread
Hey at least one ticker was green today.
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Investing, Stock Market and Retirement Planning Thread
Went shopping in the red sea again today. We're seeing the backside of the rise in index investing. The economy is gonna be meh and there's gonna be a recession at some point, but there's really no reason for large blue chippers like Amazon, Disney, Google, etc to be at or near their 52 week lows. Meanwhile my Cathie Ark's are basically worthless because her dumbass decided owning Tesla and Fintech counted as diversity. Feel like a complete clown for buying that ****.
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Investing, Stock Market and Retirement Planning Thread
We're in a recession. There's going to be a recession. Wish everyone would make up their mind already.Source of the post there's gonna be a recession at some point
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Investing, Stock Market and Retirement Planning Thread
Just spent 10 minutes listening to my wife whine about bumping her 403b contributions so that she maxes out next year with the new limit. A $40-something difference for somebody who basically doesn't spend any money, making a thing out of it... jesus.
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Investing, Stock Market and Retirement Planning Thread
The best part about 2023 is that everyone's YTD rate of return is reset. Here's hoping that 2023 goes in the opposite direction of 2022.
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Investing, Stock Market and Retirement Planning Thread
Also, with CD rates skyrocketing, I’ll be closing two CDs that I opened last year so that I can throw them into new ones. Even with the penalty, it’s a no brainer.
Investing, Stock Market and Retirement Planning Thread
So I heard somewhere about a 529 to Roth conversion rule changing this year?
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Investing, Stock Market and Retirement Planning Thread
That’d be news to me, personally.
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Investing, Stock Market and Retirement Planning Thread
ARK’s Cathie Wood Says Tesla Stock Still Has ‘Miles to Run’
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Investing, Stock Market and Retirement Planning Thread
She's a moron. God damn it mikey.
Investing, Stock Market and Retirement Planning Thread
Rollover from 529 Plan to Roth IRA – New to the retirement plan landscape is a provision in the SECURE 2.0 Act that allows for limited rollovers from 529 Plan accounts to Roth IRAs. Beginning in 2024, the law allows a lifetime maximum of $35,000 to be rolled over from a 529 account that has been open for at least 15 years to a Roth IRA owned by the 529 account beneficiary without taxation or penalty. Since this provision is completely new, much is yet to be understood about how it will work in practice. Other rules and requirements are likely to become more clear following IRS implementation of the provision.That’d be news to me, personally.
Investing, Stock Market and Retirement Planning Thread
Another good idea hampered by a stupidly low limit. $35k is nothing.
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Investing, Stock Market and Retirement Planning Thread
That's **** awesome. If my daughter got into college on scholarships, for instance, I would absolutely max that **** out and figure out what to do with the rest of the 529.Rollover from 529 Plan to Roth IRA – New to the retirement plan landscape is a provision in the SECURE 2.0 Act that allows for limited rollovers from 529 Plan accounts to Roth IRAs. Beginning in 2024, the law allows a lifetime maximum of $35,000 to be rolled over from a 529 account that has been open for at least 15 years to a Roth IRA owned by the 529 account beneficiary without taxation or penalty. Since this provision is completely new, much is yet to be understood about how it will work in practice. Other rules and requirements are likely to become more clear following IRS implementation of the provision.That’d be news to me, personally.
Part of SECURE 2.0
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Investing, Stock Market and Retirement Planning Thread
Also true. I wonder what the average 529 size is. Not that they did any research on that dollar figure...Another good idea hampered by a stupidly low limit. $35k is nothing.
Investing, Stock Market and Retirement Planning Thread
35,000 tax free movement is better than 0 tax free and taking a penalty, but I agree.
Investing, Stock Market and Retirement Planning Thread
Here's the full version I got across my desk.
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Investing, Stock Market and Retirement Planning Thread
My god damn **** ARKs are down 77% and 57%. I am a stupid **** idiot.
Investing, Stock Market and Retirement Planning Thread
Is this something your employer would have to participate in?Student Loan Payments & Matching Contributions – In an effort to allow those paying down student debt to also save for retirement, the SECURE 2.0 Act allows an employee to receive available matching contributions by way of paying down student debt. The SECURE 2.0 Act permits an employer to make matching contributions under 401(k), 403(b), or SIMPLE IRA with respect to “qualified student loan payments.” This benefit will be effective for contributions made for plan years beginning after December 31, 2023.
Investing, Stock Market and Retirement Planning Thread
Yeah, like I said, good idea but bad execution. I'm generally annoyed when the government tells you what you can do with the money you've earned and saved. See also: IRA contribution limits.35,000 tax free movement is better than 0 tax free and taking a penalty, but I agree.
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Investing, Stock Market and Retirement Planning Thread
haha, you fool.My god damn **** ARKs are down 77% and 57%. I am a stupid **** idiot.
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