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re: Hold off on starting a Roth?

Posted on 1/22/16 at 11:38 am to
Posted by castorinho
13623 posts
Member since Nov 2010
82012 posts
Posted on 1/22/16 at 11:38 am to
quote:

low of 666

Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26578 posts
Posted on 1/22/16 at 11:41 am to
Oh I remember it on a weekly basis.

But what can you do, other than laugh at yourself and learn from it.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/22/16 at 11:46 am to
quote:

But what can you do, other than laugh at yourself and learn from it.


You shouldn't feel bad about your pessimism back then. There were a lot of "experts" on CNBC saying the same pessimistic things you wrote. And even worse things for that matter.

Frankly, all of that pessimism was the basis for my prediction back then. It was an easy call to make....
Posted by GREENHEAD22
Member since Nov 2009
19586 posts
Posted on 1/22/16 at 1:05 pm to
I am technically not suppose to invest in our clients? Does that count for a roth as well? I would be opening up one through a service my work offers.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/22/16 at 1:38 pm to
quote:

I am technically not suppose to invest in our clients? Does that count for a roth as well?
Probably. The issue is would you have information on your clients that the general public does not have access to.

It's a possible violation of insider trading regulations if you buy stock in a client.

Ask your HR department.

ETA: It might also create a conflict of interest. If you have money tied up in a client's business, where would your loyalty be, to your employer or to the company you have a financial interest in?
This post was edited on 1/22/16 at 1:45 pm
Posted by JBM210
Member since Dec 2010
3192 posts
Posted on 1/22/16 at 8:26 pm to
I started a Roth yesterday. 48 months at 1.75%. Good or bad, it will return more % than my 401K did last year.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80765 posts
Posted on 1/22/16 at 9:42 pm to
quote:

48 months at 1.75%.
What does this mean?

A Roth isn't something you are locked in for a specific amount of time for a set return
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72560 posts
Posted on 1/22/16 at 9:46 pm to
quote:

I started a Roth yesterday. 48 months at 1.75%. Good or bad, it will return more % than my 401K did last year.




you put CD's in your ROTH IRA?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/22/16 at 10:14 pm to
That doesn't make sense
Posted by GREENHEAD22
Member since Nov 2009
19586 posts
Posted on 1/23/16 at 8:57 am to
Well not going to go through the service my work offers, any advice of who to use?
Posted by Lsut81
Member since Jun 2005
80109 posts
Posted on 1/23/16 at 9:22 am to
quote:

Well not going to go through the service my work offers, any advice of who to use?


Vanguard


/thread
Posted by GREENHEAD22
Member since Nov 2009
19586 posts
Posted on 1/23/16 at 9:29 am to
Yea looking at that now.

Of course everything would jump up right before decide to get in.


Can I get the cliffs of the Vanguard thread, I am currently in the middle of a job offshore.

Vanguard is just a service provider?
This post was edited on 1/23/16 at 9:58 am
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