#fucktw and useless bullshit

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
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End of the month should be fun. Battery news coming out on the 28th.

Battery Day is the 22nd. lol Try and keep up man.

I made 3K in my IRA on TSLA today. Picked up 2 call options at 7:30 AM and sold them at 12 PM. Not bad for a 4 1/2 hour trade. TSLA, AAPL, and NVDA have been option traders dreams the last year.

If your holding long term you'll be fine. Like 10 years or more long term. If not be very careful with TSLA. It's trading at 1157 P/E as of todays close. That's really, really, really, really, really fucking high. By standard metrics it should have a market cap of 50B. It's currently got a MC of 419B. I'm not saying it's gonna crater back to 50 bucks a share but it will come back to reality sooner rather then later.

Do you know how to set trailing stops with your account?
 

madtaco461

BRO-runner
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I'm not that smart about investing, but I have a Roth IRA and it's pretty aggressive since I'm still young. Since I've opened it, I'm about 13% growth as of today. Never tried to do stocks.
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
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While we're on the topic, what stocks would you guys recommend investing in long term?

Depends on long term growth goals and how much your looking to invest currently. Dividend aristocrats are good if you want solid low risk growth. I'm very long on NVDA but it's not a cheap stock currently.

So, how much do you want to invest?


I'm not that smart about investing, but I have a Roth IRA and it's pretty aggressive since I'm still young. Since I've opened it, I'm about 13% growth as of today. Never tried to do stocks.

If you have a managed ROTH 13% is about market average between the 3 indexes year to date. I manage my own IRA. I'm up over 200% YTD. It takes a lot of time to do what I've done. It also takes a bit of luck. If your long term learning about stocks now and managing your own money is the way to go.
 

madtaco461

BRO-runner
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Depends on long term growth goals and how much your looking to invest currently. Dividend aristocrats are good if you want solid low risk growth. I'm very long on NVDA but it's not a cheap stock currently.

So, how much do you want to invest?




If you have a managed ROTH 13% is about market average between the 3 indexes year to date. I manage my own IRA. I'm up over 200% YTD. It takes a lot of time to do what I've done. It also takes a bit of luck. If your long term learning about stocks now and managing your own money is the way to go.
It’s managed. I have no idea what I’m doing, but it going in the right direction. I’m slowly learning stuff here and there, but I’m your typical super conservative guy. More I know them I’ll start throwing money at it and calculate my risk.
 

AssBurns

will wheel for beer
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Also @AssBurns since you've given me excellent financial advice before
My advice that I don't know shit about trading. My new employee has been teaching me a little here and there about it, but I don't know shit about trading like some of these guys.

I just push $100 or so here and there into my account and make a very uneducatede investment into things that catch my eye. So far I'm mostly up, but not across the board.
 

SlashX

fucken bitch
Joined
Oct 21, 2018
Messages
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It’s managed. I have no idea what I’m doing, but it going in the right direction. I’m slowly learning stuff here and there, but I’m your typical super conservative guy. More I know them I’ll start throwing money at it and calculate my risk.

Tax now or Tax later. Do you think the tax rate will be lower in 20 years when you need it?
 

Nicklovin

OC Broverland
Snowflake
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Depends on long term growth goals and how much your looking to invest currently. Dividend aristocrats are good if you want solid low risk growth. I'm very long on NVDA but it's not a cheap stock currently.

So, how much do you want to invest?




If you have a managed ROTH 13% is about market average between the 3 indexes year to date. I manage my own IRA. I'm up over 200% YTD. It takes a lot of time to do what I've done. It also takes a bit of luck. If your long term learning about stocks now and managing your own money is the way to go.
Thank you. Off the bat maybe a few thousand. Once I get comfortable with stocks, probably 10k or so. My thought process is I'm better off learning the stock market and investing my money there versus having all my money sitting in the bank collecting very little growth.
put money in every month and don’t pay tax when you withdraw at retirement. So you don’t pay tax on your gains.

edit : your money has already been taxed from work.
Ah okay. Is it money straight from your paycheck? My work does something similar
 

Nicklovin

OC Broverland
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My advice that I don't know shit about trading. My new employee has been teaching me a little here and there about it, but I don't know shit about trading like some of these guys.

I just push $100 or so here and there into my account and make a very uneducatede investment into things that catch my eye. So far I'm mostly up, but not across the board.
Aww damn :doh: hahaha. Oh well, thought I would ask anyways
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
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It’s managed. I have no idea what I’m doing, but it going in the right direction. I’m slowly learning stuff here and there, but I’m your typical super conservative guy. More I know them I’ll start throwing money at it and calculate my risk.

There's nothing wrong with being conservative. It's actually smart. I started saving for my retirement way late. Now I am forced to take big risk big reward trades to make up for it. Plus, I just have that type of personality. lol

Keep learning and then decide what works for you. A conservative strategy that works is what I mentioned to @Nicklovin Google dividend aristocrats and dividend investing for retirement. In a nutshell you invest in dividend stocks. Then reinvest that dividend to purchase more of the stock. Over 30 years you are guaranteed at least 4% or greater because that's the lowest div any of those stocks pay. They are also almost all blue chips so they are relatively stable. Add market return to that over 30 years and you should be all set even though you where conservative.
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
Joined
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Messages
3,494
Location
Bishop, CA
Tax now or Tax later. Do you think the tax rate will be lower in 20 years when you need it?

Not even close to that simple. In a ROTH you don't get to deduct it from your income. You also pay ZERO tax on it after 59 1/2 when you withdraw. So, all those gains over 20 years don't get taxed. It's the only way you can have tax-free capital gains. It's a smart move for most.

That said, I have a traditional IRA. I am positive by the time I retire the IRS will close that loophole. It's literally hundreds of millions a year that's not getting taxed.
 

SlashX

fucken bitch
Joined
Oct 21, 2018
Messages
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Not even close to that simple. In a ROTH you don't get to deduct it from your income. You also pay ZERO tax on it after 59 1/2 when you withdraw. So, all those gains over 20 years don't get taxed. It's the only way you can have tax-free capital gains. It's a smart move for most.

That said, I have a traditional IRA. I am positive by the time I retire the IRS will close that loophole. It's literally hundreds of millions a year that's not getting taxed.

Don’t get me wrong I have a Roth also. It just a shame that that’s the best we can do. There’s also life insurance with livings benefits. It’s what all the rich folk are doing. You can’t get taxes on a life policy.
 
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