Investing General Discussion

Sanrith Descartes · Jan 24, 2022

Mist said:
I just put in some very large orders for FSKAX so I really hope we have a down day tomorrow.

10 years from now it won't matter what type of day tomorrow is.

Kiroy · Jan 24, 2022

Kiroy said:
It's vanguards simple ira that we use for us and our employees (small business) and i'm pretty sure it only let me buy vanguard mutuals. I have mine and my wifes personal IRAs that I can still add to for 2022, so I guess I could have done that.

Sanrith Descartes i'm going to call vanguard, it looks like after 2 years we can transfer. We've had it for like 4 years now. Maybe I can get it into my personal account. What I'm wondering is if the 2 years starts over or if I'll just have to roll out every contribution.

Borzak · Jan 24, 2022

Sanrith Descartes said:
Advice:
Don't peek at the futures.

Opened near there so....

Sanrith Descartes · Jan 24, 2022

Kiroy said:
Sanrith Descartes i'm going to call vanguard, it looks like after 2 years we can transfer. We've had it for like 4 years now. Maybe I can get it into my personal account. What I'm wondering is if the 2 years starts over or if I'll just have to roll out every contribution.

I am not familiar with a "simple" IRA. A standard self directed IRA should basically just be a changing on the rules on it. It should take them like a minute to make it a normal IRA. No holdings should need changed. When I converted my Mom's IRA from a Merrill directed account to a self-directed account it was about 3 minutes tops.

Sanrith Descartes · Jan 24, 2022

Kiroy I looked it up and it appears to be more of a 401k for small businesses than an IRA. That being said, it has access to the Admiral class of mutual. The Admiral S&P fund is great and Ultra low cost. The term IRA threw me. Looking at the contribution caps this isn't an IRA.

Small business retirement plans | Vanguard

Explore your options and find a tax-advantaged small business plan as a self-employed professional, entrepreneur, or business owner.

investor.vanguard.com

Captain Suave · Jan 24, 2022

Sanrith Descartes said:
the Admiral S&P fund is great and Ultra low cost

I'm heavily in this for my retirement. 0.04% expense ratio beats everything else with a stick.

Kiroy · Jan 24, 2022

Sanrith Descartes said:
Kiroy I looked it up and it appears to be more of a 401k for small businesses than an IRA. That being said, it has access to the Admiral class of mutual. The Admiral S&P fund is great and Ultra low cost. The term IRA threw me. Looking at the contribution caps this isn't an IRA.

Small business retirement plans | Vanguard

Explore your options and find a tax-advantaged small business plan as a self-employed professional, entrepreneur, or business owner.

investor.vanguard.com

ya sorry my bad. Its a small business low paperwork 401k

and im in all admiral funds - just sucks i got end of day prices but not that big of deal

swayze22 · Jan 24, 2022

Kiroy said:
ya sorry my bad. Its a small business low paperwork 401k

and im in all admiral funds - just sucks i got end of day prices but not that big of deal

well my man, if you don't know the type of fund, the rules around it, the advantages or disadvantages, then you shouldn't really be worrying about trying to execute trades at a specific time IMO.

but yes, everyone that has access to Admiral Shares should have some. low minimums and super super low expense. for sure.

Kiroy · Jan 24, 2022

swayze22 said:
well my man, if you don't know the type of fund, the rules around it, the advantages or disadvantages, then you shouldn't really be worrying about trying to execute trades at a specific time IMO.

but yes, everyone that has access to Admiral Shares should have some. low minimums and super super low expense. for sure.

I did know the funds I bought. I was right about the Simple IRA plan, but the term IRA in the plan got my and sanrith's conversation confused. What I learned though, was mutual funds in a 401k OR simple ira settle at the end of the day. I'm not even trading. I'm just trying to add to my retirement at the best moment. My man.

swayze22 · Jan 24, 2022

Kiroy said:
I did know the funds I bought. I was right about the Simple IRA plan, but the term IRA in the plan got my and sanrith's conversation confused. What I learned though, was the mutual funds in a 401k OR simple ira settle at the end of the day. I'm not even trading. I'm just trying to add to my retirement at the best moment. My man.

Yes I understand (what you are saying and the confusion with the vocabulary). I guess it's just more of a general sentiment that a few points don't really matter for your actual retirement account.

Sanrith Descartes · Jan 24, 2022

Kiroy · Jan 24, 2022

swayze22 said:
Yes I understand (what you are saying and the confusion with the vocabulary). I guess it's just more of a general sentiment that a few points don't really matter for your actual retirement account.

the compound interest on those few points over the course of the next 20 years is unimaginable

could have changed my life now i'll retire with shit

swayze22 · Jan 24, 2022

Kiroy said:
the compound interest on those few points over the course of the next 20 years is unimaginable

could have changed my life now i'll retire with shit

but you are making it up with the low expense ratio

Captain Suave · Jan 24, 2022

Kiroy said:
the compound interest on those few points over the course of the next 20 years is unimaginable

could have changed my life now i'll retire with shit

Nah. A 4% difference in principle compounding at the same rate is only 4% difference at the end. If you expect 8% returns that's only six months difference. (Or pick a number.)

A = P (1+ r/n) ^ nt, A is linear with P

swayze22 · Jan 24, 2022

Captain Suave said:
Nah. A 4% difference in principle compounding at the same rate is only 4% difference at the end. If you expect 8% returns that's only six months difference. (Or pick a number.)

hes joking.

this hits hard

Captain Suave · Jan 24, 2022

swayze22 said:
hes joking.

Sorry, I have no sense of humor. Carry on.

Kiroy · Jan 24, 2022

Captain Suave said:
Sorry, I have no sense of humor. Carry on.

my accountant and I joke about stock trading all the time - i'm going to write down that equation on a napkin and ask him if he likes apples

Big Phoenix · Jan 24, 2022

Sanrith Descartes · Jan 24, 2022

Big Phoenix said:
View attachment 394729

Spoiler that shit. Some people won't be able to sleep tonight.

Hateyou · Jan 24, 2022

Sanrith Descartes said:
Spoiler that shit. Some people won't be able to sleep tonight.

While some of us will sleep better while rubbing a batch out to loss porn.

Good night sirs.

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