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!
Gravel
Mr. Poopybutthole
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You hate making money or something?Market is boring AF right now.
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Sanrith Descartes
You have insufficient privileges to reply here.
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Making money doesn't make it any less boring. Vast majority of the money has been made already we are just going sideways for the most part.
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Cutlery
Kill All the White People
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Aramark is complete shit though. Not talking about the financials, I don't know anything about them. But the company itself is fucking garbage and takes forever to get anything done, and at exorbitant prices.
We are forced to use Aramark for facilities maintenance at work (corporate America, lol) and dealing with those people is a complete nightmare. I've got projects that have been open since fucking March and they haven't lifted a fucking finger.
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tugofpeace
Trakanon Raider
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Anybody think the chance of hyperinflation is being blown out of proportion by "experts"? These idiots don't realize that hyperinflation requires 50% month over month inflation minimum, yet the think it's going to happen sometime soon. We haven't even hit 10% year over year inflation.
Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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Who thinks hyperinflation is gonna happen soon? I don’t think anyone credible has said that. High inflation could easily come back, but hyperinflation doesn’t seem likely in any definition of time I’d consider “soon”.
tugofpeace
Trakanon Raider
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I see many seemingly intelligent people on youtube talking about it. Terrible source yes, but not like anyone on mainstream media will ever mention it. For example:
Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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Decided to watch a random video of his to see if he's a retard. He paints with a broad and simple brush and talks in circles a lot, but everything he said was pretty fair, so not a retard. Watched this video.
And to break it down, he has a point that hyperinflation is a very real potential if we stay our current course of super overspending. I don't think he does enough to emphasize that we can probably continue for another 20-30 years doing nothing to change our course before the wheels really fly off. And as worthless as politicians are, there'd probably be some attempt to correct course as things got progressively worse.
And he doesn't really focus on what an average person should do in the face of this. Though he mentions these assets are protected, just being a sensible investor and owning stocks and some property does a lot to protect you from inflation. Having to pay more at the grocery store makes me angry, but as far as investing goes, inflation just makes me shrug.
Zzen
Potato del Grande
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Yes, the gov't is trying to inflate the debt away. No, they are not choosing hyperinflation.
Hyperinflation is a 50%+ MOM increase in prices. Anyone who uses the word hyperinflation to describe the current US system is a permabear macro doomer that you should ignore. Your portfolio will thank you for it.
Hyperinflation is a 50%+ MOM increase in prices. Anyone who uses the word hyperinflation to describe the current US system is a permabear macro doomer that you should ignore. Your portfolio will thank you for it.
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As a fellow HSA-haver, HSA is one of the most tax-advantaged things alive--pre-tax income goes in, and then the withdrawals are non-taxable coming out as long as you use them for medical expenses. Contribute maximum to it (~4k/yr for individual, ~8k for family), and set it up as an investment vehicle--set some cash minimum in the account for day to day expenses and then have the rest invested in the fund of your choice (FXAIX here). In Fidelity, it will show up as another account and you can easily set/adjust the above.
Your employer may also provide a base contribution or match to a limit (mine does $1k/yr).
In terms of how much, think of this as paying for all of your and your family's medical expenses until death--which presumably will ramp up as you get older. OTC drugs and female sanitary products also qualify. At minimum, your goal should be to pay every in-year expense--you want to be using up this money whenever possible to capture that non-taxable withdrawal benefit. I have a chronically sick family member, so this ends up being fairly meaningful for me, but your mileage may vary.
In terms of when enough is enough accumulation... you'll have to judge that based on how much you're guessing you'll spend in the future post-retirement. Ultimately, it all passes on, so if you have a beneficiary in mind, you can't really go wrong unless you somehow end up with HSA $ that you want to access while alive for other expenses, in which case there's a 20% penalty on top of taxed withdrawal.
You'll pretty much always want to do whatever triggers an employer contribution if you have one, as that will easily outpace even the 20% penalty.
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Asshat Foler
2024 FoH Asshat
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Thanks.
I’ve read some advice that says if after all your contributions you still have money left over to invest in a taxable account that it’s better to pay your medical expenses out of your own money instead of HSA and just keep receipts in case you need cash as allegedly you can be reimbursed later. Can you speak to this strategy at all?
From my understanding you can also withdraw for any reason at the age of 65, hence the above strategy.
edit - employer also offers an FSA. It seems like it could be a good idea to contribute to FSA a little for how much I think I’ll spend that way I’ll be less likely to pull from HSA. Thoughts?
Falstaff
Ahn'Qiraj Raider
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Blazin
Creative Title
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There is a real threat and we don't need to be silly to talk about it. The govt is going to devalue the dollar that is a hidden tax on you, IT IS GOING TO HAPPEN IT IS HAPPENING. There isn't something in the future it's happening right now and its going to keep happening. All this means is the dollar is not your friend, make sure your assets are productive. debt to GDP can go much higher yet and it will all seem unreal just remember that currencies aren't value. It's like Cersei talking about power, there is illusions and then there is the real thing. Tangible and useful things will maintain and grow in value. Useless things like the US dollar will lose value. I would bet all your lives on it.
It doesn't matter if I value my things in grapefruits, bitcoin or dollars. It's the "thing" that matters not how we measure it. We only want wealth because we use it to purchase things of worth. The sooner you move from a devaluing currency to a useful asset the better.
Oh by the way this means stonks go Brrr not crash which is the exact opposite of the forces at work. Crashes are deflationary, people make me so sad with this stuff. THere will be counter trend moves they are short lived and violent and then the primary trend reasserts itself.
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To my understanding, over 65 you don't have the 20% penalty, but still only the qualified medical expenses allow for tax-free withdrawals.
The strategy you're describing is pretty intense to me, but I guess it would work--if you pay everything with present post-tax dollars, save the receipts for years, and then later reimburse yourself from the HSA out of that 'bank' of receipts when you need cash for non-qualified expenses vs selling post-tax investments, you save on capital gains tax that would have accrued from investing those post-tax dollars. That isn't necessarily dependent on the post-65 thing, but it is dependent on immaculate record keeping. I would not trust myself, but it is definitely a way to 'triple dip' even on top of everything else.
I've never used an FSA, but it looks really hard not to screw up in a bad way unless you have good planning.
Mist
REEEEeyore
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aka "the algorithm figured out the brand of slop i like"
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