All things STOCKS

#2,626
#2,626
BigOrangeMojo said:
At your age, I strongly recommend a Roth IRA. I started contributing the annual max when I was almost 20 and now I'm 40 (almost 41). The return hasnt been astronomical (13.64% annualized) but the dollars add up quick. Passed $400K yesterday in my Roth.
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Thats on the list to start. Ive talked about it for awhile just didn't know much about it so never did. My hope is to kinda spread everything out a little bit so that way if one avenue goes down the other is still there
 
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#2,627
#2,627
lmoore944 said:
Inpixon's stock soars on heavy volume after CEO touts distancing, contact tracing technology in USA Today report
Yes. They are also working with the cruise lines.
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Looks like USA today redacted this but no matter, their technology is perfect to contact trace whether it be malls, restaurants, airports, resorts, fun parks or cruise lines.

I jumped in at $1.63 for 300 shares. It closed at $1.82 and has rode up to $2.05 AH. Going to watch it this week and may grab some more.



Edit: CETX looks like another technology company that has a good buisness setup for the current world conditions.
 
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#2,628
#2,628
mr.checkerboards said:
Thats on the list to start. Ive talked about it for awhile just didn't know much about it so never did. My hope is to kinda spread everything out a little bit so that way if one avenue goes down the other is still there
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As long as you can leave the money invested until retirement age, there's really no reason to not take advantage of a Roth. The investment options are the same, it's an account characterization. As long as the tax and spend politicians don't decide to steal in the future, a Roth will never be taxed. The only other advantageous tax strategy that approaches a Roth is the stepped up basis for appreciated property that is passed on from an investor to their heirs. For the super rich, highly appreciated property that is donated to charity also has crazy tax benefits (something like purchasing art, donating it to your foundation years later, taking a tax deduction for the appreciated value but avoid paying taxes on the increase in value).

Use a Roth unless you are planning to cash out an investment for a certain purchase well before retirement. Roths even have a few rules that allow access to withdraw funds before retirement in certain situations (which I'm not up on but somebody reading this surely does).

Get a Roth. ASAP. There are contribution limits that kick in for high earners as well.
 
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#2,629
#2,629
Another Roth tip. Keep high risk investments in a taxable account and use the Roth to hold safer, solid investments... especially those with great dividends like Dow 30 components as well as the biggest and best S&P and NASDAQ names. Losses are not deductable inside of a Roth. Of course if anybody can consistently day trade and short term swing trade with high returns for many years, then losses in a Roth won't matter. But... 99.9% of them will never be able to do that. Scenarios like the last several months happen once or twice a generation.
 
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#2,633
#2,633
I held it for a day because I saw it on reddit. Sold for 3.5 and made 3.5x money but it has been a roller coaster ride, only had a 1k in it, so I did not feel very comfortable with it.
 
#2,634
#2,634
Anyone here ever use the Motley Fool? I doubled my account when I pulled out of the cruise lines and am looking for the next winner.
 
#2,636
#2,636
Tri-CitiesVol said:
Yeah, I read quite a few articles that said with how much debt they have there is little chance it doesn’t hit zero.
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The same thing has been said about AAL. I sold off with a .20 cent profit after it struggling to get back to my price of 11.30. Look at it now. I should've held.
 
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#2,637
#2,637
Thunder Good-Oil said:
As long as you can leave the money invested until retirement age, there's really no reason to not take advantage of a Roth. The investment options are the same, it's an account characterization. As long as the tax and spend politicians don't decide to steal in the future, a Roth will never be taxed. The only other advantageous tax strategy that approaches a Roth is the stepped up basis for appreciated property that is passed on from an investor to their heirs. For the super rich, highly appreciated property that is donated to charity also has crazy tax benefits (something like purchasing art, donating it to your foundation years later, taking a tax deduction for the appreciated value but avoid paying taxes on the increase in value).

Use a Roth unless you are planning to cash out an investment for a certain purchase well before retirement. Roths even have a few rules that allow access to withdraw funds before retirement in certain situations (which I'm not up on but somebody reading this surely does).

Get a Roth. ASAP. There are contribution limits that kick in for high earners as well.
Click to expand...

You can withdraw Roth IRA contributions any time without taxes or penalties. For example, you contribute 6,000 to a Roth and it's now worth 10,000. You can withdraw the 6K with no taxes or penalties. There are certain circumstances where you can withdraw the entire 10k and not pay penalties and sometimes not even taxes on the $4K of earnings. Depends on length of time and specific event occurring (adoption, home purchase).

There's ways around the income limitation as well (Backdoor Roth)
 
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#2,638
#2,638
BigOrangeMojo said:
You can withdraw Roth IRA contributions any time without taxes or penalties. For example, you contribute 6,000 to a Roth and it's now worth 10,000. You can withdraw the 6K with no taxes or penalties. There are certain circumstances where you can withdraw the entire 10k and not pay penalties and sometimes not even taxes on the $4K of earnings. Depends on length of time and specific event occurring (adoption, home purchase).
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It's interesting that the government allows the contributions to be withdrawn before the earnings. With tax deferred annuities it's the opposite. Every dollar withdrawn is taxed as ordinary income until all of the earnings are pulled out.

I suppose the government's theory is to get the Roth money outside of the tax shelter ASAP so that any income generated on those funds can be taxed once again.

It's really criminal the way that Wall Street and the government have been in bed together on annuity contracts. Gains are taxes as ordinary income and there's no advantages for long term capital gains or a stepped up cost basis. And laws relating to investment advisors having a fiduciary responsibility are impotent. It's BS to allow unsophisticated clients to be steered into "appropriate", high fee and tax inefficient investment products by the financial industry. Obama tried to correct the legalized thievery and failed. Congress would have been "lobbied" (bribed) to agree with Wall Street's position.
 
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#2,639
#2,639
I suggest people just getting into investing to ignore the bright shiny thing of day trading. It’s not investing, it’s gambling. It looks good right now due to market volatility but it won’t last.

Invest in index funds, automatically invest each month in a total market or sp500 fund and it’ll out perform pretty much everything.
 
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#2,640
#2,640
mr.checkerboards said:
Wow. Im 23 right now. I'm hoping to go ahead and get a good start now, and then by the time I'm old enough to retire have a nice little fund to fall back on
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The rule of 72 definitely works and if you are disciplined and make regular contributions your assets will grow much much faster. You'll be in for a very nice retirement and at a younger age...
 
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#2,641
#2,641
Thunder Good-Oil said:
It's interesting that the government allows the contributions to be withdrawn before the earnings. With tax deferred annuities it's the opposite. Every dollar withdrawn is taxed as ordinary income until all of the earnings are pulled out.

I suppose the government's theory is to get the Roth money outside of the tax shelter ASAP so that any income generated on those funds can be taxed once again.

It's really criminal the way that Wall Street and the government have been in bed together on annuity contracts. Gains are taxes as ordinary income and there's no advantages for long term capital gains or a stepped up cost basis. And laws relating to investment advisors having a fiduciary responsibility are impotent. It's BS to allow unsophisticated clients to be steered into "appropriate", high fee and tax inefficient investment products by the financial industry. Obama tried to correct the legalized thievery and failed. Congress would have been "lobbied" (bribed) to agree with Wall Street's position.
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I hate annuities.... Absolutely hate them.

The worst thing I ever saw done with an annuity was that a broker put a client's funds ($100k) into a 10 year annuity with a 9% front end charge.... And the worst part was the client was quite old and his doctors had told him he had about 5 years left to live. That was criminal. And yes I reported it to the SEC and regulatory agencies..
 
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#2,643
#2,643
GoDucks349 said:
I definitely understand the wife thing.... My wife is the best source I have for determining the bottom of the market.... If she want's out, it's the bottom....LOL

On March 8th 2008 she insisted that I liquidate her IRA... We did and it cost her big. She's learned to trust the system since. When she starts getting nervous I start getting confident that the bottom is close.... She holds on now

I'm a individual stock kind of guy I haven't owned a mutual fund or ETF in 20 plus years. Of course before I retired all investments transactions had to be cleared through compliance to avoid conflict of interest and insider trading issues prior to executing the trade
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Wife interned at Enron (summer before implosion) so I think that clouds her individual stock thoughts. On a funny side note, I had chance to work for Arthur Andersen in Jackson, MS but passed on it because Jackson is a hellhole and I didnt want to do audit (Main company in the AA Jackson office was Worldcom). So of course, I took a job at Hilton Corp. office and 9/11 happened.

We've agreed that the IRAs and 401ks will have no individual stocks in them and that we will attempt to keep the value of total value of individual stocks in same range as total value of mutual funds (50/50). Of course, I think 59% is the same as 50%

Due to her work, I do have to run requests through her. She provides good insight at times (LULU) although we've disagreed on ULTA.
 
#2,644
#2,644
I couldn’t have timed my Boeing play anymore perfect on Friday. In with 150 shares at $201 (the low of the day was like $199 I think), out at $218. I believe the high was like $218.79. May not seem like much, but it was $2500 and it was easy.
 
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#2,645
#2,645
Went down the rabbit hole and watched a few videos from this guy’s channel last night. He and the person interviewed seemed to think Divindend stocks and crypto are the safest plays as more Boomers retire.

 
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#2,646
#2,646
So I was talking with my dad today. He put me on to a penny stock called ideanomics(idex) they're a cloud software streaming service on the rise. They're at .56 right now and they just signed a deal with China to build some new infrastructure.
 
#2,647
#2,647
mr.checkerboards said:
So I was talking with my dad today. He put me on to a penny stock called ideanomics(idex) they're a cloud software streaming service on the rise. They're at .56 right now and they just signed a deal with China to build some new infrastructure.
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Careful careful careful with those types. They only work in 2 ways. You double, or you lose half lol.
 
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#2,650
#2,650
Tri-CitiesVol said:
Went down the rabbit hole and watched a few videos from this guy’s channel last night. He and the person interviewed seemed to think Divindend stocks and crypto are the safest plays as more Boomers retire.

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That's some horrendously bad analysis. Base assumption is that there are no buyers of equities lol. That video was posted on April 24 and has aged poorly.
 
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