The_Black_Log Foler
PalsCo CEO - Stock Pals | Pantheon Pals
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From the company I work for. Yes I’m maxing out my 401k. No I’m not involved in any family business.
Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Then as a simple w-2 employee without any type of side business maxing 401k is #1. Max Roth contribution #2 (since there is no tax benefit for a traditional IRA due to the 401k). #3 is throw the rest of your spare cash into a brokerage account invested in the S&P.
Caveat: If you are on a high deductible health plan and thus have access to an HSA then insert this as #1A which is to max out the HSA contribution.
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Sanrith Descartes
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Mist
REEEEeyore
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U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated
The acceleration topped the initial 4.9% reading and was better than the 5% Dow Jones forecast.
Americans are 'doom spending' — here's why that's a problem
As financial fears mount, some Americans are "doom spending," or spending money despite their economic and geopolitical concerns, as a way to cope with stress.
The media literally can't just admit that the economy is actually pretty good (aside from housing.) It's insane. MUST PROMOTE FEAR.
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The_Black_Log Foler
PalsCo CEO - Stock Pals | Pantheon Pals
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I don’t have a Roth IRA. I’ve always just thrown it into my own investments (via advisor). It sounds like I should look into this. thanks
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Sanrith Descartes
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FYI:
MGC coveres a bit larger of a swath of the S&P (200 vs the OEF 100) and has a net fee of only 0.07 vs OEF at 0.2
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Sanrith Descartes
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"depending on your actual income" The Roth is a must have. All proceeds put in grow and come out in retirement tax free. if you adjusted AGI is >$153,000 as single then you cannot contribute. This may be why your advisor has not mentioned it to you.
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Mist
REEEEeyore
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Yeah but when you think the S&P 50 is going to be where all the gains are from AI... but yeah, worth looking into.
Mist
REEEEeyore
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*Remember that AGI is after your 401k and other contributions, so if you're contributing the max to 401k, HSA, etc. then you can still qualify
Sanrith Descartes
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Mist
REEEEeyore
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Yeah but Fogler is not smart I just wanted to clarify this.
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Sanrith Descartes
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Mist
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The_Black_Log Foler
PalsCo CEO - Stock Pals | Pantheon Pals
- 47,638
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The_Black_Log Foler
PalsCo CEO - Stock Pals | Pantheon Pals
- 47,638
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No worries. It was clear from what
Sanrith Descartes
said. I’m sure if I would clarify my advisor would have me contributing to one. Alas..
swayze22
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you truly are a perplexing individualU.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated
The acceleration topped the initial 4.9% reading and was better than the 5% Dow Jones forecast.www.cnbc.com
Americans are 'doom spending' — here's why that's a problem
As financial fears mount, some Americans are "doom spending," or spending money despite their economic and geopolitical concerns, as a way to cope with stress.
The media literally can't just admit that the economy is actually pretty good (aside from housing.) It's insane. MUST PROMOTE FEAR.
yeah like there is no inflation if you take out food energy housing...
Holding through earnings is straight up gambling. There are times that stocks double beat and the stock plummets, there are times they double miss and stock shoots through the roof...and every variation in between.
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The_Black_Log Foler
PalsCo CEO - Stock Pals | Pantheon Pals
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I am now the holder of FXAIX. First stonk I’ve bought myself. This follows now keeping all my emergency funds in SPAXX instead of cash thanks to earlier advice in thread. A special thank you to
Blazin
and
Sanrith Descartes
. I will make sure to check in every 1.5 years to give you guys all the exciting news and happenings in my index fund!
Blazin
and
Sanrith Descartes
. I will make sure to check in every 1.5 years to give you guys all the exciting news and happenings in my index fund!
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Sanrith Descartes
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CRM ripping faces. Its not just about earnings and revenue beats. These days its really about the forward guidance. A double beat but guiding lower is a solid 10% down day.
edit: trimmed my position by 25% and took the profits on that lot.
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