Fifth Avenue Forum

Source of the post everything now is nonsense so who the **** knows.

Pretty much. If the market is near the bottom, then I will feel a lot better about things.

I peeked and I'm down 6.9% over the last 12 months. But that doesn't really tell the full story since I was up like 28% prior to that.

I peeked and I'm down 6.9% over the last 12 months. But that doesn't really tell the full story since I was up like 28% prior to that.

That's the only saving grace, that 2021 was just absurd. I don't know how much I'm down right now, but I set my AA to my own tolerance, so I can live with it.

Wondering how @Tomas is feeling, as he is 100% equities.

Actually, I think I would qualify for a Solo 401k since contractors are considered self-employed. That would work.

What is investing in fiat and how do I burn money?

AAPL puts, SPY calls. YOLO!

AAPL puts, SPY calls. YOLO!

Still don’t have the balls to go speculative. Will continue dumping money in BTC and check on it in 20 years

BTC is speculative. You're in for a dime, you're for a dollar...

Down 7.4% past 12 months. Year to date though.... oy vey.

BTC is speculative. You're in for a dime, you're for a dollar...

Yolo for the memes then. The penalties for cashing out the college funds can’t be that bad.

Is redbox a meme? Bc my buddy just cashed in yuge on that. I havent checked r/wsb in a good while

We could ricochet between 360 and 390/400 over the next little while. This late day pump feels fake. We'll probably double top, fall to SPY ~320 in October-ish. Have cash ready for that. Once we hit that, it's a big rebound through Q2, Q3 of 2023 I think...

Source of the post This late day pump feels fake.

Not really. Everyone expected Powell to announce a smaller bump, so 75bps was a good surprise (to most).

That was the odds-on results (75)...still gonna be a bouncy ride for a while I think...

At the end of the day, the market wanted to see a strong response, and that's what we got. Sure, it'll probably crash again tomorrow... lol.

Yeah, it'd be cool if we didn't dip below 373...but if we do, 360 is probably the next stop. If we break 373, I'm buying more AAPL puts...that could cliff dive...

AAPL has been one of my best performers... still up even at current prices. Not sure that one will dive to any real degree.

AAPL down ~5% today...

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This is a good opportunity for someone like @dodint to daytrade BTC...it will probably just go up and down between $28k and $32k in waves for a while, I suspect...

It's at 18k now. Bruh.

This is a good opportunity for someone like @dodint to daytrade BTC...it will probably just go up and down between $28k and $32k in waves for a while, I suspect...

It's at 18k now. Bruh.

Even better time to buy.

Buy the dip, then the next dip, then the next dip… you can’t lose!

Wish I was somewhat flush with cash and could dump a lump sum in BTC right now.

How much is too much for a 401k?

With company match, right now I am putting $2,000 a month into my 401k. I mean this is great, but should I back this down to say $1500 (my match wouldn't change, I'm way over the minimum amount needed) and put $500 a month into say a Roth or somewhere else?

Right now the 401k is my only retirement account aside from a pension that is capped out at a current value of ~$45k and nothing being added to it ever again.

Just curious if I have the right approach here or not. I'm really a "set and forget" type of person but also wondering if I need to have someone managing my finances at this point.

I don't think you can put too much in, but that's my philosophy.

I put everything into a Roth (IRA and 401k). I max out the IRA first because I like the funds in it more than the 401k. I do 15% of gross into retirement and once the house is paid off, I will increase it beyond that. Some day I'd like to max out the 401k contributions. I go Roth because I'd rather not pay tax on any earnings than save the tax on the contributions now.

I don't count any employer contribution in that 15%. My only tweak to what I said above was if I needed to put more in the 401k to take advantage of a match.

If a 401k roth isn't available to you, my advice would be:
1. 401k to get full match
2. Max out Roth IRA for both you and the wife
3. Come back to 401k if still have more to put in it.

So if they match say 5%, I'd put the first 5 in my 401k, then the rest in the ROTH IRA. If you still aren't at 15%, then back to the 401k I go.