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Message
Posted on 6/15/22 at 8:10 pm to tigerbait3488
Down almost exactly $300K
Posted on 6/15/22 at 8:12 pm to TGFN57
quote:
Stock market always comes back.
ESG has to be purged and made illegal. Boards of directors are making decisions right now that are not in the best interest of their shareholders because of this.
See: Disney
ETA: I'm 32 and I feel dirt poor reading this thread . A lot of y'all have lost more money than I've ever had.
This post was edited on 6/15/22 at 8:14 pm
Posted on 6/15/22 at 8:36 pm to VADawg
quote:Yeah - like the OT Ballers really lost what they said they lost.
ETA: I'm 32 and I feel dirt poor reading this thread . A lot of y'all have lost more money than I've ever had.
Posted on 6/15/22 at 8:52 pm to tigerbait3488
Down 21% since 1/1/21 and 12.21% since inauguration day.
Posted on 6/15/22 at 8:54 pm to VADawg
quote:
A lot of y'all have lost more money than I've ever had.
Dude, find a way to work for yourself asap. That’s where the money is.
Find the hole in what you know and fill it before you wait too long to figure it.
There is no perfect time.
Posted on 6/15/22 at 8:59 pm to tigerbait3488
More than George Costanza’s dick after swimming in a cold pool.
Posted on 6/15/22 at 9:20 pm to tigerbait3488
I'm down 212,000 since Jan. I've stopped looking. However I moved a chunk into Oil and gas and I gained back a pretty good amount in a few weeks. I'm not sure I can make it 2 1/2 yrs with this arse hat.
Posted on 6/15/22 at 9:21 pm to tigerbait3488
Down 20%. Looked yesterday for the first time in months out of morbid curiosity.
I’m in my mid 40s, so while it still pisses me off and frick Joe Biden, it’s not the end of the world. Yet.
I’m in my mid 40s, so while it still pisses me off and frick Joe Biden, it’s not the end of the world. Yet.
Posted on 6/15/22 at 9:29 pm to tigerbait3488
Don't want to even look but I have a good but in cash and it is time to buy
Posted on 6/15/22 at 9:39 pm to tigerbait3488
Honestly, I think I’m down probably $600,000 from its peak. I had really good years in 2020 and 2021. This year has corrected that to an extent.
Posted on 6/15/22 at 9:39 pm to armtackledawg
Down $294k in June and $541k since January 1st. In a month I will be on vacation for a week with 4 in-laws that voted for that moron. I hope to be able to keep quiet and not upset the wife but after a few drinks they will probably hear just how pissed off I am about it. I was going to retire at 51 next August and will probably wind up having to work another 3 years beyond that now unless things turnaround dramatically with the markets. FJB.
Posted on 6/15/22 at 9:40 pm to auie93
I refuse to vacation with progstains.
Posted on 6/15/22 at 9:52 pm to zsav77
Read up on it but its a great time to move some 401k to Roth IRA. Lots of things to know so use a tax expert. But basically here’s how it works
Lets say you move 100 shares of x shares from 401k Fidelity fund at total value of $5000 (so each share is worth $50). Since 401k is pretax you will pay tax on the $5k. The trick is to figure out what tax bracket you will fall in tax year 22.
If you estimate to make xx tax dollars this year and the next higher tax bracket is $10k higher you can move $5k and will pay your normal tax rate on the $5k moved.
Now that you paid your taxes on the $5k its in your Roth and you have access to it without any more taxes. The advantage of doing this while market is down Is you have 100 shares at $50 worth $5k but assuming market goes up in future years and if that share goes to $150 its now worth $15k - but the increase in value is not taxed.
In your Roth account you can still use Fidelity and keep it in same fund if you want but since you paid taxes its your money now. Trick is do not move yourself to a higher tax bracket when doing else all your income for that year is taxed at the higher rate - and since your tax withholding was at lower rate all year you will have a big bill.
You do have to pay your normal tax rate on the amount moved that year so make sure you have the money to do so and you can’t use Roth to pay those taxes.
Lots of stipulations so get a professional to explain but when the market is down is a great opportunity to gain future value using Roth.
Lets say you move 100 shares of x shares from 401k Fidelity fund at total value of $5000 (so each share is worth $50). Since 401k is pretax you will pay tax on the $5k. The trick is to figure out what tax bracket you will fall in tax year 22.
If you estimate to make xx tax dollars this year and the next higher tax bracket is $10k higher you can move $5k and will pay your normal tax rate on the $5k moved.
Now that you paid your taxes on the $5k its in your Roth and you have access to it without any more taxes. The advantage of doing this while market is down Is you have 100 shares at $50 worth $5k but assuming market goes up in future years and if that share goes to $150 its now worth $15k - but the increase in value is not taxed.
In your Roth account you can still use Fidelity and keep it in same fund if you want but since you paid taxes its your money now. Trick is do not move yourself to a higher tax bracket when doing else all your income for that year is taxed at the higher rate - and since your tax withholding was at lower rate all year you will have a big bill.
You do have to pay your normal tax rate on the amount moved that year so make sure you have the money to do so and you can’t use Roth to pay those taxes.
Lots of stipulations so get a professional to explain but when the market is down is a great opportunity to gain future value using Roth.
Posted on 6/15/22 at 9:54 pm to tigerbait3488
The week the pedo was placed in the White House I rounded up all my investments, my 401k, and stocks and put them all in a bank's IRA. Received 1% growth since, and happy about it. If you couldn't see that pedo joe was going to ruin the economy and stock market, I don't what to tell you.
Posted on 6/15/22 at 10:00 pm to tigerbait3488
I’m up but I can’t say because no one will believe me. LOL
Posted on 6/15/22 at 10:01 pm to Realityintheface
Or you could send us the details.
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