Investing General Discussion

Aorin · Jan 11, 2021

k^M said:
Not sure if this is the right thread for it but tried googling and could only come up with something not relevant.

If I have the choice of dropping payroll biweekly over the full year into an HSA or just dumping the full amount into it all at once, assuming it hits the max allowable contributions either way, is there a reason not to do the latter?

My thought was that if its setup so that I only keep a small portion (next to zero medical bills really) and the rest goes directly into investments, having 12 months of +7k would net a larger benefit than it sitting in my savings account at some garbage interest rate, unless the options I have it in tank.

All the results in google just say to max it out before putting it into a 401k/ira/whatever instead of when within the year to max it out.

One benefit to bi-weekly, assuming the HSA deduction is coming from your companies payroll, and you make less than the Social Security maximum, is that you won't have to pay social security tax on the $7200. If you do the bulk 7200, you will be able to deduct the HSA from your wages, but not from social security wages when you do your taxes.

Otherwise its the same question people ask about maxing IRA on Jan 1st in something like index funds. Some years you win, some you lose.

I myself keep my HSA receipts and just pay for bills from savings. I don't plan on ever redeeming those receipts, but just a backup in case I need the money. I use to do a 60 day indirect rollover every January from my companies HSA, but I don't get that social security benefit anymore so I just contribute directly. Indirect rollovers are also good if your company HSA sucks and you have to contribute there to get matches.

See this:

How To Rollover an HSA and Avoid Trustee Transfer Fee

If you don't like the HSA your employer chose for you, you can rollover the money to a provider you like for better investment options.

thefinancebuff.com

I use Fidelity for my HSA which allows me to buy pretty much whatever.

k^M · Jan 11, 2021

Aorin said:
One benefit to bi-weekly, assuming the HSA deduction is coming from your companies payroll, and you make less than the Social Security maximum, is that you won't have to pay social security tax on the $7200. If you do the bulk 7200, you will be able to deduct the HSA from your wages, but not from social security wages when you do your taxes.

Otherwise its the same question people ask about maxing IRA on Jan 1st in something like index funds. Some years you win, some you lose.

Thanks!

Captain Suave · Jan 11, 2021

Aorin said:
I myself keep my HSA receipts and just pay for bills from savings. I don't plan on ever redeeming those receipts, but just a backup in case I need the money.

Agreed, and I forgot to note this. An HSA that you don't use now is effectively an extra IRA from which you eventually must spend on eligible health care. The tax advantage can make a big difference in a few decades as long as you don't need the cash now. We're all near certain to incur large health care costs later in life.

Locnar · Jan 11, 2021

Captain Suave said:
Agreed, and I forgot to note this. An HSA that you don't use now is effectively an extra IRA from which you eventually must spend on eligible health care. The tax advantage can make a big difference in a few decades as long as you don't need the cash now. We're all near certain to incur large health care costs later in life.

Its even better, after a certain age you can use it for anything. I use and think of mine as just a extra 401k

Fogel · Jan 11, 2021

I learned my lesson from LAZR, I'm not selling any covered calls on CCIV no matter how much

Sanrith Descartes tries to talk me into it.

Sanrith Descartes · Jan 11, 2021

Fogel said:
I learned my lesson from LAZR, I'm not selling any covered calls on CCIV no matter how much Sanrith Descartes tries to talk me into it.

Funny you mention that. I was looking at PLTR and thinking man it's been pretty stable in this channel, I wonder how much the $40 strike covered calls are selling for.

Sanrith Descartes · Jan 11, 2021

Fogel said:
I learned my lesson from LAZR, I'm not selling any covered calls on CCIV no matter how much Sanrith Descartes tries to talk me into it.

+5.5% after hours

Fogel · Jan 11, 2021

Sanrith Descartes said:
Funny you mention that. I was looking at PLTR and thinking man it's been pretty stable in this channel, I wonder how much the $40 strike covered calls are selling for.

Don't do it! Look away from the light!

Locnar · Jan 11, 2021

Fogel said:
I learned my lesson from LAZR, I'm not selling any covered calls on CCIV no matter how much Sanrith Descartes tries to talk me into it.

I lost my NIO shares on Friday due to covered calls

I've cooled to them.

Fogel · Jan 11, 2021

And back in the real world idiots investing in the wrong company make another 400%

Blazin · Jan 11, 2021

I likely played some role of influence on the options but yet people applied that very differently than I do. I sell covered calls on stocks like VZ and KO people then take the idea and sell calls on stocks that can change value by 20% in a week. The strategy isn't wrong it's application is.

Sanrith Descartes · Jan 11, 2021

Locnar said:
I lost my NIO shares on Friday due to covered calls I've cooled to them.

In a strong bull market they aren't the ideal investment. Best for sideways, down or slightly up market movements.

Sanrith Descartes · Jan 11, 2021

Blazin said:
I likely played some role of influence on the options but yet people applied that very differently than I do. I sell covered calls on stocks like VZ and KO people then take the idea and sell calls on stocks that can change value by 20% in a week. The strategy isn't wrong it's application is.

Its the allure of that implied vol pushing premiums through the roof on those covered calls. Tendies dont come cheap, baby. I'm guilty sometimes, shrug I gotta have some vices.

Fogel · Jan 11, 2021

EXPC up 15% on ARK/Cathie Wood buying in. They're looking at urban air travel

Sanrith Descartes · Jan 11, 2021

Sanrith Descartes said:
+5.5% after hours

+8% after hours...

Fogel · Jan 11, 2021

Sanrith Descartes said:
+8% after hours...

Million dollar question, what happens tomorrow. Lucid is getting a ton of hype on fintwit right now, so wouldn't be surprised to see it continue up. I'll be holding but watching.

Sanrith Descartes · Jan 11, 2021

Fogel said:
Million dollar question, what happens tomorrow. Lucid is getting a ton of hype on fintwit right now, so wouldn't be surprised to see it continue up. I'll be holding but watching.

I figured buying Directv was in the bag and I might get a dollar or two off the announcement. This is like a gift from the Gods.

Fogel · Jan 11, 2021

Speculation that the high CCIV volume is more than just retail investors

Edit: Also, one of the directors of CCIV is also on the board of Lucid, so no coincidence.

Sanrith Descartes · Jan 11, 2021

Fogel said:
Speculation that the high CCIV volume is more than just retail investors

Edit: Also, one of the directors of CCIV is also on the board of Lucid, so no coincidence.

Only about 15 transactions greater than 100k shares and only 3 of those greater than 250k. I don't see any huge institutional shares trading unless they are off-exchange and will show up later.

Fogel · Jan 12, 2021

Lucid hiring positions specific for a company looking to go public

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