Stock Market, Business, and Investing General - News, Tips, etc

[Quindoll]

I will continue to buy stocks with a part of my paycheck each month

 

[DSP's Tax Lawyer]

There is also the issue that you cannot trust the numbers anymore. For example, the USDA says there is hardly any inflation in food. Just a mere 2.5%.

Never mind that in the same breath they note prices have risen 25% in the last 4 years. Which also is not jiving with what your lying eyes are showing at the grocery store which show far larger price increases then that.

10 years ago you would be called a fool for saying the BLS, Fed, and wat not were lying and putting out false data. Now you have to wonder if you are a fool for believing them.

The only people who believe inflation is 2.5% are the same who think communism is a good thing aka retards

 

[Darkholme's Dungeon]

There is also the issue that you cannot trust the numbers anymore. For example, the USDA says there is hardly any inflation in food. Just a mere 2.5%.

The USDA is too short staffed and busy dealing with ag export and invasive species (*cough* global supply chain much?) to give half a shit about about the numbers right now. Also since it is a fed agency, so chances are that job area is filled with DIE retards at the and noggers, no need to tell them the fake the numbers when they can do it via incompetence themselves. Plus, they rely on the states departments of ag a lot for the work. Starting pay for a local state inspector is around $15-18 so they aren't inclined to give a shit.

Also, if you want to see the truth, go out and actually talk to the farmers. I know for a fact this year hay is fucked, dairies are fucked, soy is fucked (because of retard politicians), Coffee is fucked, et al. But that's a normal year in agriculture.

A decently large dairy went out of business that employed like 500 people... 60 Million+ owed in debt, the go big (die later) or go home (die now) is going to hit hard during the recession again.

 

[Fascist Kirk]

words of wisdom from a new jewsey jew
never short the market

He does a video after that one and lol if Godzilla zero minus one shows up in the hudson river and starts knocking over buildings, in 3 days the stock market is going up lmfao rofl .... he is not wro0ng!!!!!!!!!!!!!!!!!

 

[Pendulous Dong]

It's such a shame that the Fed has been suppressing stock prices by limiting the money supply, all in an attempt to slow inflation. At least the damage from 2020 has been mitigated and we're pretty much on the same track as we were before the pandemic.

Wait a second. What's that? Enhance the image, I think I see something.

Zoom in. More.

MONEY PRINTERS ARE BACK ON, BABY

 

[Darkholme's Dungeon]

words of wisdom from a new jewsey jew
never short the market

He does a video after that one and lol if Godzilla zero minus one shows up in the hudson river and starts knocking over buildings, in 3 days the stock market is going up lmfao rofl .... he is not wro0ng!!!!!!!!!!!!!!!!!

You can't short the market when the big players have realized they can bet against the house and never loose (bailouts yay!) post 2008.

 

[Fascist Kirk]

You can't short the market when the big players have realized they can bet against the house and never loose (bailouts yay!) post 2008.

Market makers the institutions that dictate the rates on your put, short, or call never loose ..... Every triple witch day expect the institution to win, they the ones making the bets setting the price, and the house never looses

Shit happens like 9/11, march 11 2011, Brexit, March 2020 covid .......... markets go down for a day a week a month ..... but in the end line goes up

all you magic internet money understand line goes up .........

 

[bliblblblbbllb]

I quit my job and for the first time, have money sitting in a 401k from doing the match. It's under the 5k limit required for them to keep the account open. I have a Roth IRA, so I could roll it into there, or I could cash it out with a 10% penalty + maybe other taxes.

I'm more than on track with my retirement and I think I'd rather have the cash in hand, even with the penalties. Is that crazy? Has anyone else been in this position?
I am a zoomer who started from 0 and has not been working that long, so 3k in hand would mean a lot towards my goals i.e. affording medical treatments.

 

[NoReturn]

I quit my job and for the first time, have money sitting in a 401k from doing the match. It's under the 5k limit required for them to keep the account open. I have a Roth IRA, so I could roll it into there, or I could cash it out with a 10% penalty + maybe other taxes.

I'm more than on track with my retirement and I think I'd rather have the cash in hand, even with the penalties. Is that crazy? Has anyone else been in this position?
I am a zoomer who started from 0 and has not been working that long, so 3k in hand would mean a lot towards my goals i.e. affording medical treatments.

Roll it over.

 

[DSP's Tax Lawyer]

I quit my job and for the first time, have money sitting in a 401k from doing the match. It's under the 5k limit required for them to keep the account open. I have a Roth IRA, so I could roll it into there, or I could cash it out with a 10% penalty + maybe other taxes.

I'm more than on track with my retirement and I think I'd rather have the cash in hand, even with the penalties. Is that crazy? Has anyone else been in this position?
I am a zoomer who started from 0 and has not been working that long, so 3k in hand would mean a lot towards my goals i.e. affording medical treatments.

I didn't have 5k when I moved, more like 2.5k but when I forgot to roll it over, I ended up with like 25% of the money in my account. Roll it over, you will end up with more in the end

 

[Fascist Kirk]

401k's TRA accounts, Retirement options are bribes . . . If you can live your life with not depending on them you are free more free than most!\

Edit you work some where for 30 30 years they hold that carrot over your head, but if you would have taken out @10 percent of you weeklky salary and put cash gold or silver under your flower bed how better or bad off would you be?

 

[DSP's Tax Lawyer]

401k's TRA accounts, Retirement options are bribes . . . If you can live your life with not depending on them you are free more free than most!\

Edit you work some where for 30 30 years they hold that carrot over your head, but if you would have taken out @10 percent of you weeklky salary and put cash gold or silver under your flower bed how better or bad off would you be?

The key is to get your own personal Roth/Traditional IRA. You go to these companies and take as much advantage of the match as possible. Then, when you leave, you transfer the 401k to your IRA. That way you can take advantage of extra cash and still be free to move elsewhere

 

[Peaches the Wonder Cat]

The key is to get your own personal Roth/Traditional IRA. You go to these companies and take as much advantage of the match as possible. Then, when you leave, you transfer the 401k to your IRA. That way you can take advantage of extra cash and still be free to move elsewhere

If you have good options in your 401(k) like cheap index funds, there are a few good reasons to keep it in a 401(k) after you leave work, instead of moving it into an IRA:
- 401(k)s have superior protection from lawsuits because it's Federal. IRAs are only protected in certain states: https://www.experian.com/blogs/ask-experian/are-retirement-accounts-protected-from-lawsuits/
- you can skirt the income limits for contributing to a Roth IRA (called a "backdoor Roth") easily if you don't have a traditional pre-tax IRA. Otherwise there's a pro-rata rule which makes taxes ugly.

 

[bliblblblbbllb]

The key is to get your own personal Roth/Traditional IRA. You go to these companies and take as much advantage of the match as possible. Then, when you leave, you transfer the 401k to your IRA. That way you can take advantage of extra cash and still be free to move elsewhere

This was basically my plan- I save mostly in a Roth IRA, but my employer had a pretty good match for the job.

It just makes me bitter that so much of my money feels like it's going into a void for, I dunno, at least 30 years, and I may never see the fruits of my labor.

 

[DSP's Tax Lawyer]

If you have good options in your 401(k) like cheap index funds, there are a few good reasons to keep it in a 401(k) after you leave work, instead of moving it into an IRA:
- 401(k)s have superior protection from lawsuits because it's Federal. IRAs are only protected in certain states: https://www.experian.com/blogs/ask-experian/are-retirement-accounts-protected-from-lawsuits/
- you can skirt the income limits for contributing to a Roth IRA (called a "backdoor Roth") easily if you don't have a traditional pre-tax IRA. Otherwise there's a pro-rata rule which makes taxes ugly.

Oh I mean yeah, if you have enough to keep it in the 401k and its a good plan then keep it there. But as a general rule with low amounts in the 401k or if you have a general 401k provided by employers then this might be the idea.

It just makes me bitter that so much of my money feels like it's going into a void for, I dunno, at least 30 years, and I may never see the fruits of my labor.

When you get older and get close to pulling that money out, you will be glad you saved. When computing this stuff, it comes down to 2 basic things; time and rate of return. You don't want to get to the point later in your life where you have to make up for time by looking for a massive rate of return

 

[Darkholme's Dungeon]

401k's TRA accounts, Retirement options are bribes . . . If you can live your life with not depending on them you are free more free than most!\

Edit you work some where for 30 30 years they hold that carrot over your head, but if you would have taken out @10 percent of you weeklky salary and put cash gold or silver under your flower bed how better or bad off would you be?

You forget the government is taxing precious metals as unrealized/realized gains. With the ever increasing surveillance due to muh cashless society, it's gonna be harder to try and keep a year's use worth of PM's flying under the radar unless you meet someone whose willing to trade PMs for work and is reliable enough to trust to not run off with your shit.

Don't forget the IRS jackboot hiring increase. You really think those guys are going after Gates and co?

 

[Homegrown Homophobia]

GME and AMC pumped hard today due to being short squeezed again like in 2021 and some infamous Reddit WSB guy appearing back on the scene. I ended up divesting my AMC shares making about $1k but ended up in the red on Gamestop, which thankfully I've continued to hold since then.

 

[CHARizard]

$GME came at the worst time for me but I think I am still going to walk out of this with a nice new ultrawide monitor.

EDIT: Got in at $30 yesterday afternoon and left at $62 this morning. Im personally pretty satisfied, wish I put more in yesterday but I am really hesitant on this meme shit. Hopefully others can make a good amount and get out.

 

[doodoocaca]

Cross-posting to show just how high the volume is:



Who the fuck bought 300 million dollars worth of GME at 7:45 am!?

 

[TV's Adam West]

HODLERS RISE
SOON MAY THE TENDIE MAN COME