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Originally Posted By SparticleBrane: I maxed out my 401k as well. I also learned that my company won't let me contribute more than the maximum, so I don't have to worry about the IRS coming after me for putting too much into it. View Quote That’s not your company. That’s the plan admin beholden to IRS rules. So good on the plan admin company I just this year got access to mega backdoor roth. 30k pre tax maxed, about 10k company match, the rest was auto mega back door roth converted. |
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I thought 2023 would be a disaster but since I am a buy and hold type I didn't pay for that mistaken belief. Torn on 2024, always good to make money but I damn sure don't want it to help OBiden.
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If you think I am sexy now just wait until you find out I have full medical and dental.
Personal pronouns are kiushgvlakjbnoiuvb/nxunefu ewdf/lkujghfoiuanxy;ople |
Originally Posted By spidey07: That’s not your company. That’s the plan admin beholden to IRS rules. So good on the plan admin company I just this year got access to mega backdoor roth. 30k pre tax maxed, about 10k company match, the rest was auto mega back door roth converted. View Quote View All Quotes View All Quotes Originally Posted By spidey07: Originally Posted By SparticleBrane: I maxed out my 401k as well. I also learned that my company won't let me contribute more than the maximum, so I don't have to worry about the IRS coming after me for putting too much into it. That’s not your company. That’s the plan admin beholden to IRS rules. So good on the plan admin company I just this year got access to mega backdoor roth. 30k pre tax maxed, about 10k company match, the rest was auto mega back door roth converted. Whoever it was, I'm glad they did it, because I would have been like...$30 over the limit if they hadn't. And that would have been a PITA to fix over such a tiny amount of money. Unfortunately my company does not offer the means to do a mega backdoor roth. I did send HR/Benefits a message asking about it, and they said that while they don't offer it now, they'll consider it for in the future. I know I'm not the only person here who has asked about it. |
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Originally Posted By SparticleBrane: Whoever it was, I'm glad they did it, because I would have been like...$30 over the limit if they hadn't. And that would have been a PITA to fix over such a tiny amount of money. Unfortunately my company does not offer the means to do a mega backdoor roth. I did send HR/Benefits a message asking about it, and they said that while they don't offer it now, they'll consider it for in the future. I know I'm not the only person here who has asked about it. View Quote View All Quotes View All Quotes Originally Posted By SparticleBrane: Originally Posted By spidey07: Originally Posted By SparticleBrane: I maxed out my 401k as well. I also learned that my company won't let me contribute more than the maximum, so I don't have to worry about the IRS coming after me for putting too much into it. That’s not your company. That’s the plan admin beholden to IRS rules. So good on the plan admin company I just this year got access to mega backdoor roth. 30k pre tax maxed, about 10k company match, the rest was auto mega back door roth converted. Whoever it was, I'm glad they did it, because I would have been like...$30 over the limit if they hadn't. And that would have been a PITA to fix over such a tiny amount of money. Unfortunately my company does not offer the means to do a mega backdoor roth. I did send HR/Benefits a message asking about it, and they said that while they don't offer it now, they'll consider it for in the future. I know I'm not the only person here who has asked about it. HR knows nothing about a 401k. Seriously. Nothing. It’s just something they outsource to the provider. Because I’ve asked them in huge open forums, their eyes gloss over and “umm, you need to call the 401k provider” |
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Knocking on all time highs again. Run bull. Run.
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Become prompt critical.
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Knock knock!
Who’s there? HI! I didn’t say hi, you knocked? All Time High motherfucker that’s who’s knocking and I’m coming in |
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Where’s muh doomers at?
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Money printer go brrr
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What is written is my opinion, and my opinion only.
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First year my investments made enough to sustain us if we quit working.
Not enough to retire, yet, but it was a really good goal to hit. |
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WTF is up with this bullshit anti-bayo lug crap. Was there a group of irrate japanese guys bonzai charging disabled school children and puppies that I wasn't aware of?
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Originally Posted By OregonShooter: What is your S&P 2024 prediction? View Quote View All Quotes View All Quotes Originally Posted By OregonShooter: Originally Posted By spidey07: Where’s muh doomers at? What is your S&P 2024 prediction? 5200 at some point. Were in bull so that would follow historical norms. |
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WTF is up with this bullshit anti-bayo lug crap. Was there a group of irrate japanese guys bonzai charging disabled school children and puppies that I wasn't aware of?
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What is written is my opinion, and my opinion only.
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Originally Posted By Silverbulletz06: Until I can live indefinitely off of my gains, it doesn't matter. Keep grinding. View Quote View All Quotes View All Quotes Originally Posted By Silverbulletz06: Originally Posted By spidey07: When your shit starts producing more income than your job? That’s when you know did it right. Until I can live indefinitely off of my gains, it doesn't matter. Keep grinding. When I can pull 3% and make more than my income? I’m out. And I’m close. |
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Originally Posted By spidey07: When I can pull 3% and make more than my income? I’m out. And I’m close. View Quote View All Quotes View All Quotes Originally Posted By spidey07: Originally Posted By Silverbulletz06: Originally Posted By spidey07: When your shit starts producing more income than your job? That’s when you know did it right. Until I can live indefinitely off of my gains, it doesn't matter. Keep grinding. When I can pull 3% and make more than my income? I’m out. And I’m close. That's awesome! Congrats Spidey. That's a dream I wont be able to attain. My numbers are 4%, and it wont be my current "income" because I don't need my current income. It will be a targeted number that allows me to live comfortably, but not much excess. That's the best I can hope for unless I want to work until 62. Then I could make that number. But there is no way I can play this game until 62. |
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Originally Posted By FALARAK: That's awesome! Congrats Spidey. That's a dream I wont be able to attain. My numbers are 4%, and it wont be my current "income" because I don't need my current income. It will be a targeted number that allows me to live comfortably, but not much excess. That's the best I can hope for unless I want to work until 62. Then I could make that number. But there is no way I can play this game until 62. View Quote View All Quotes View All Quotes Originally Posted By FALARAK: Originally Posted By spidey07: Originally Posted By Silverbulletz06: Originally Posted By spidey07: When your shit starts producing more income than your job? That’s when you know did it right. Until I can live indefinitely off of my gains, it doesn't matter. Keep grinding. When I can pull 3% and make more than my income? I’m out. And I’m close. That's awesome! Congrats Spidey. That's a dream I wont be able to attain. My numbers are 4%, and it wont be my current "income" because I don't need my current income. It will be a targeted number that allows me to live comfortably, but not much excess. That's the best I can hope for unless I want to work until 62. Then I could make that number. But there is no way I can play this game until 62. The problem with my statement is my income is skyrocketing, at some point I have to say enough is enough. Inflation is the wealth killer. |
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Originally Posted By spidey07: The problem with my statement is my income is skyrocketing, at some point I have to say enough is enough. Inflation is the wealth killer. View Quote That it is. I remember my parents saying "You need to save a million dollars to retire." I'm 40 and it's clear that $1M ain't going to do it. |
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4800. New all time high. That was fast.
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Closed 4780. Supply demand is a thing.
Sp500 is up like 15% from op 4 months ago. You make your most money in bear, because buy low is a thing. The scared money sells low. That’s where you make money long term. Buy low. True story….started new job in 2020. Dat 401k is now 160k. Essentially 3.5 years, I have 160k. Barely 3 years. Just. Keep. Buying. Build wealth. It’s not hard. This cycle followed history to a tee. |
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Originally Posted By exponentialpi:
View Quote Not happening. Two cuts max. |
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Originally Posted By 1975: Not happening. Two cuts max. View Quote View All Quotes View All Quotes Originally Posted By 1975: Originally Posted By exponentialpi:
Not happening. Two cuts max. It’s good to be permabull and believe in USA. |
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Originally Posted By 1975: Not happening. Two cuts max. View Quote View All Quotes View All Quotes Originally Posted By 1975: Originally Posted By exponentialpi:
Not happening. Two cuts max. They know. Market doesn’t want to believe.
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What is written is my opinion, and my opinion only.
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Originally Posted By spidey07: It’s good to be permabull and believe in USA. View Quote View All Quotes View All Quotes Originally Posted By spidey07: Originally Posted By 1975: Originally Posted By exponentialpi:
Not happening. Two cuts max. It’s good to be permabull and believe in USA. Well, believe in the strength of capitolism, cause USA is obviously going through changes. |
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Originally Posted By exponentialpi: They know. Market doesn’t want to believe.
View Quote View All Quotes View All Quotes Originally Posted By exponentialpi: Originally Posted By 1975: Originally Posted By exponentialpi:
Not happening. Two cuts max. They know. Market doesn’t want to believe.
I saw December inflation rose. And honestly things are not bad, definitely seems like it’s starting to slow, at least some things but companies/businesses are still holding fast on prices for now. I am. But i did have one of my good builders call talking about ways to reduce cost, not out of my pocket necessarily but just dropping a certain thing. So it’s starting or started but is coming on sloooooow. Either we are on the slowest decline into a really bad economy or things are so weird it’s absolutely unpredictable by any historic measure. My work has slowed but the difference between now and 2008(new houses) is everything we do is extremely profitable. It does not take as much to have big profit and takes even less to “maintain”. In 2008, and leading up to it things were already a little tight. Volume was the key back then and when that stopped it was famine. We were dropping prices even further to fight for what few jobs there were. This time is different, or feels different, at least as far as new houses are concerned. So with that and the fact the markets are just still going crazy, its confusing. If they do start to raise rates again will we likely see a cliff. I think the resilience has been stretched out of the economy. Like has been said sometimes it just takes a catalyst. Just so weird the raises haven't stopped inflation. Back in the early ‘80’s was this similar, is this the economy that lead to super high interest rates? What was the “catalyst” that caused the pain? I was just a kid who had no clue what my parents were dealing with. Spidey is right about the supply and demand thing. 2008 there were huge inventory levels, now there isn’t. Car lots are picking up inventory and new homes(specs) are sitting a little longer but there is no bulge of inventory. Well, maybe the car people are feeling a little worse, but builders i deal with are in pretty good shape. |
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4839
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4864
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Originally Posted By spidey07: When I can pull 3% and make more than my income? I’m out. And I’m close. View Quote I was talking about total gains being greater then my income needs. Yeah, if I was 33x my income total in an account I would be out of full time work and just do per diem shift for my dream Porsche. We are 20% towards our "fuck it all" goal and about 30% towards our "comfortable retirement" goal of 100% of current income. |
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WTF is up with this bullshit anti-bayo lug crap. Was there a group of irrate japanese guys bonzai charging disabled school children and puppies that I wasn't aware of?
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Originally Posted By anothermisanthrope: https://www.investopedia.com/thmb/5acG6fS78wCHavwgUVP7Pjv4exc=/750x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/Bullmarket-7f3819ca29c7406b9b5ca59ec65a8268.jpg View Quote It’s not colloquial. There are precise definitions to bull and bear. We’ve been in bull since last spring by formal definitions. |
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You're right, but both are probably applicable these days. If earning this week are solid, I'll send Investopedia an email
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Originally Posted By anothermisanthrope: You're right, but both are probably applicable these days. If earning this week are solid, I'll send Investopedia an email View Quote All good. Let’s keep making dat mutha fucking money. Bears getting gored. Destroyed. But but but muh P/E, overvalued, correction looming, unsustainable! Supply demand bitches. Learn it. Love it. It’s like matrix movie “bears, you had your time….now it’s…our time. Hear that? That’s the sound of inevitability” |
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View Quote Uffff........ |
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"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote."
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View Quote Is that spike right before 2000 the dotcom bust? I would have thought that was higher with the mess it caused. We’re not quite there thankfully. Nothing like when an ipo with a small office and 4 cubicles went for $100/share. |
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not a doomer, pretty much took last year off and didn't make any trades. but just bought spy puts (JUL) in my trading account. for posterity, spy is 490
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Originally Posted By taliv: not a doomer, pretty much took last year off and didn't make any trades. but just bought spy puts (JUL) in my trading account. for posterity, spy is 490 View Quote Right before Mega Cap Tech Earnings, with the market at all time highs? Attached File |
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all time highs is the best time to sell, right?
i could be wrong, as i often am, but i think tech earnings have to beat by a lot for it to go up. if they only beat by a little, it will be "buy the rumor sell the news", and if they miss, it will obviously have been a good time to sell. so, it seems like a good bet. we'll see! |
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that's odd. i'd say lows are a much worse time to sell than highs
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Originally Posted By taliv: all time highs is the best time to sell, right? i could be wrong, as i often am, but i think tech earnings have to beat by a lot for it to go up. if they only beat by a little, it will be "buy the rumor sell the news", and if they miss, it will obviously have been a good time to sell. so, it seems like a good bet. we'll see! View Quote looks like buy the rumor sell the news, plus future guidance isn't spectacular google beat on earnings and revenue, down 6% msft beat earnings by 5.8% and revenue, still down spy down a few points. the options i bought yesterday made right at 10%. not bad for a day. |
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Originally Posted By taliv: looks like buy the rumor sell the news, plus future guidance isn't spectacular google beat on earnings and revenue, down 6% msft beat earnings by 5.8% and revenue, still down spy down a few points. the options i bought yesterday made right at 10%. not bad for a day. View Quote View All Quotes View All Quotes Originally Posted By taliv: Originally Posted By taliv: all time highs is the best time to sell, right? i could be wrong, as i often am, but i think tech earnings have to beat by a lot for it to go up. if they only beat by a little, it will be "buy the rumor sell the news", and if they miss, it will obviously have been a good time to sell. so, it seems like a good bet. we'll see! looks like buy the rumor sell the news, plus future guidance isn't spectacular google beat on earnings and revenue, down 6% msft beat earnings by 5.8% and revenue, still down spy down a few points. the options i bought yesterday made right at 10%. not bad for a day. Looks like buy the rumor, sell the news holds for the rate cut mantra as well. |
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What is written is my opinion, and my opinion only.
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Originally Posted By anothermisanthrope: Big AH moves https://finance.yahoo.com/news/meta-earnings-top-estimates-as-higher-forecast-more-buybacks-and-new-dividend-send-shares-soaring-173336950.html https://finance.yahoo.com/news/amazon-stock-pops-as-earnings-beat-211213025.html View Quote |
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but muh DOOOOOOM !! |
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Like candy from a baby.
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