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re: Anyone getting out of market?
Posted on 9/5/21 at 3:27 pm to Drizzt
Posted on 9/5/21 at 3:27 pm to Drizzt
Your article says nothing about taxing withdrawals from roth ira's. Its 4 or 5 paragraphs of no substance. It says Obama thought about capping iras in general, and then says greedy democrats want to "go after" roths and are "conjuring up ways to do so". Hardly anything you should be basing decisions on, but feel free if you are so compelled.
Again, don't see it happening. There's plenty of steps towards wealth redistribution which would come first. You won't wake up tomorrow to headlines that your roth is going to get taxed.
Again, don't see it happening. There's plenty of steps towards wealth redistribution which would come first. You won't wake up tomorrow to headlines that your roth is going to get taxed.
2
Posted on 9/5/21 at 3:45 pm to Pendulum
Kamala gonna come after your “white guy” ra brah
Y’all try to hide yalls reparations from the government with the modern day plantation known as the ira. Meanwhile I’m like a modern day Harriet Tubman daytrading on a naked E*TRADE account
ETA: the amount of y’all on here that believe the government is your friend is crazy
Y’all try to hide yalls reparations from the government with the modern day plantation known as the ira. Meanwhile I’m like a modern day Harriet Tubman daytrading on a naked E*TRADE account
ETA: the amount of y’all on here that believe the government is your friend is crazy
This post was edited on 9/5/21 at 4:02 pm
Posted on 9/5/21 at 3:58 pm to el Gaucho
I mean if you want to panic about what could happen down the road, yea they could do something, but cap gains tax increase, income tax increase, and I'd even say an asset tax would come before they tax withdrawals from a roth ira.
I'm hopeful this midterm election, we see some reason prevail and congress balances out government a little more, pushing all these nightmare scenarios down the road. Not betting money on it though, just hopeful.
I'm hopeful this midterm election, we see some reason prevail and congress balances out government a little more, pushing all these nightmare scenarios down the road. Not betting money on it though, just hopeful.
This post was edited on 9/5/21 at 4:01 pm
Posted on 9/5/21 at 4:19 pm to Pendulum
I’m not panicking. The people that panic are the ones that believe silly things like the election wasn’t stolen and illegals will become republicans
For the entire course of history the government has only grown bigger at an exponential rate. To grow it has to feed off productive people. Hope you don’t mind sweating a little harder so they can hire more government clip board holders and feed some more lazy people crab legs
For the entire course of history the government has only grown bigger at an exponential rate. To grow it has to feed off productive people. Hope you don’t mind sweating a little harder so they can hire more government clip board holders and feed some more lazy people crab legs
Posted on 9/5/21 at 4:24 pm to el Gaucho
The squeeze is eternally tightening for sure. Crypto will save us.
Posted on 9/5/21 at 7:03 pm to Drizzt
quote:
The whole point of a Roth is not paying taxes when you withdraw the money. I’m obviously talking about the prospect of taxing Roth’s at withdrawal. Please actually think next time before you try to be a smart arse.
Did anyone ever tell you your tone could use improvement?
Posted on 9/5/21 at 7:05 pm to Drizzt
quote:
There are a few things out there that pay 5% such as Worthy Bonds but I would plan to reinvest in stocks at a better price point eventually.
frick it. I’m putting it all in Costa Rica tourism bonds. You get 5% annually and use of the resort 2 weeks a year plus I can apply for citizenship. I’m bugging out gents.
Costa Rica bond
If you're just looking for alternatives that pay a dividend and a perk, look into Fractional Charter Ownserhips
This post was edited on 9/5/21 at 7:05 pm
Posted on 9/5/21 at 7:10 pm to Pendulum
I’m not doing all the work for your lazy arse. I just sent you a link showing that a well known financial pundit mentioned the same idea. It wasn’t meant to be a treatise, just to show people have been talking about this. Go learn how to Google grandpa.
Posted on 9/5/21 at 7:19 pm to Drizzt
quote:
The amount of down votes is funny. The jealousy is real apparently. I thought this was a money board for talking about money.
I have no problem with your OP, but the trend is my friend, so I had to downvote you.
OP suggests you need to follow the trend a little longer. Not fight it. But it’s your money.
As for whether the fed will taper. It seemed like the market was ready for it at Jackson Hole. If the fed tapers at this point they’re trying to slip it on us.
Posted on 9/6/21 at 10:25 am to Shepherd88
quote:
We could very easily go up another 20% before having a 10-20% correction and be right back here.
That’s my thought, and it’s already started. The going up part. People have called this. That AK Fallable dude on YT specifically. All he talks about is risk assessment.
This post was edited on 9/6/21 at 10:37 am
Posted on 9/6/21 at 10:30 am to Drizzt
quote:
this is fun money for me to play with. I have way more than $100k in assets and investments
I will never understand this mindset. No money is fun money to me, unless someone just gave it to me
Posted on 9/6/21 at 10:33 am to Pendulum
quote:
The squeeze is eternally tightening for sure. Crypto will save us.
I’m actually going to be allocating more money here. There has been talk of going after people’s crypto gains. Just saw a video yesterday.
This post was edited on 9/6/21 at 10:38 am
Posted on 9/6/21 at 10:36 am to Drizzt
quote:
just to show people have been talking about this.
Everyone is talking about it. Nothing wrong with having some risk assessment. I hate the pumpers that think nothing is wrong or trending in a bad way.
Posted on 9/6/21 at 11:02 am to xxTIMMYxx
Risk management is best managed by position sizing. I have two custodial accounts I’m managing for my daughters and position sizing is very lean. I want the opportunity to easily average down while still maintaining exposure to upside moves.
My own account is very lean as well and I’m done searching for trade ideas. I hold FIGS, PENN, and DOCN and that’s it.
My own account is very lean as well and I’m done searching for trade ideas. I hold FIGS, PENN, and DOCN and that’s it.
Posted on 9/6/21 at 11:30 am to Drizzt
I’m going to cash out 30% of my individual equity positions on Tuesday to pay for the massive tree removal and clean up bills I will shortly have. Hope that helps
Posted on 9/6/21 at 11:35 am to jangalang
PENN is in my top 5 of new stocks to buy. I took some profits a little while back, but I think going into the fall and winter it will do somewhat well. Im going to read about it more today
Posted on 9/6/21 at 12:12 pm to xxTIMMYxx
quote:
quote:
just to show people have been talking about this.
Everyone is talking about it. Nothing wrong with having some risk assessment. I hate the pumpers that think nothing is wrong or trending in a bad way
If this is indirectly at me, there is nothing wrong with risk assessment, I agree. Do you assess Roth IRA's being a risk that you should be considering to influence your decisions at this time?
People are talking about everything from true free market capitalism to full blown communism in this country; at some point you have to pick what's worth weighting your decisions on at this time. I have roth IRA's being double taxed about as low as it can go on my list of risks to base my financial decisions on.
This whole thread was based on a short term decision; ie sidestepping a pullback and buying back in lower yet the justification was the fed obviously not tapering and biden ruining our economy presumably through inflation. The OP is all over the place just dissenting with every post with whatever topic is out there that will fit in that hole; so here we are on page 4 discussing how taxing roth IRA withdrawals is coming with articles that don't even suggest that.
Are we trying to sidestep a pullback and buy back? or are we preparing for the NWO?
This post was edited on 9/6/21 at 12:23 pm
Posted on 9/6/21 at 3:12 pm to cgrand
quote:
pay for the massive tree removal and clean up bills
Anybody know an ETF for tree removal companies?
This post was edited on 9/6/21 at 3:20 pm
Posted on 9/6/21 at 3:48 pm to Pendulum
Looks like a discussion is happening….on a discussion board. I think talking about different topics is kind of the point. I’m enjoying it anyway.
Posted on 9/6/21 at 5:50 pm to Hopeful Doc
quote:
I’m not retiring for another 20+ years and far too dumb and risk averse to attempt to time it.
That actually tells me you're smart.
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