#fucktw and useless bullshit

Nicklovin

OC Broverland
Snowflake
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Oct 15, 2018
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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
Joined
Oct 3, 2018
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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
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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

The outlaw has mercy.
Joined
Oct 21, 2018
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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.
 

4runner DOA

Hold my beer
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Yeah was thinking that a couple pages back.

Edit: soon as I'm done eating I'll grab the laptop and make the move.
Forums giving me shit tonight and doesn't wanna move threads. I'm too tired to care, so I'll try again tomorrow while I'm on a conference call that I really don't give a fuck about and shouldn't even be happening to begin with except people are fucking retarded and they don't understand the concepts of their own fucking business.
 

Itaro

Mommas don’t let your babies grow up to be soybois
Shit poster
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Oct 5, 2018
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Forums giving me shit tonight and doesn't wanna move threads. I'm too tired to care, so I'll try again tomorrow while I'm on a conference call that I really don't give a fuck about and shouldn't even be happening to begin with except people are fucking retarded and they don't understand the concepts of their own fucking business.
Jaded with your workplace already?
 
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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.

Ah okay. Is it money straight from your paycheck? My work does something similar
If your company matches put at least that much in. That pre tax like a 401k. It's mostly for when you start making more money you can get into a lower tax bracket
 

4runner DOA

Hold my beer
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Jaded with your workplace already?
Naw, just with this bullshit project they can't seem to understand. I told them a week and a half ago I was done with my data validation and what they needed to look at on their side. Apparently I needed to include the dumb fuck notes in the spreadsheet I was working on because they're under the impression I still need to look at another 1500 items. It's more like 120 items. They keep pulling me off my day to day shit to do this so it backs up that work and then I play catch up for an entire week.
 

kasnerd

Isn't this posh? I'll bet it's very exclusive.
Joined
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Naw, just with this bullshit project they can't seem to understand. I told them a week and a half ago I was done with my data validation and what they needed to look at on their side. Apparently I needed to include the dumb fuck notes in the spreadsheet I was working on because they're under the impression I still need to look at another 1500 items. It's more like 120 items. They keep pulling me off my day to day shit to do this so it backs up that work and then I play catch up for an entire week.
THE ARISTOCRATS!! :humble:
 

4runner DOA

Hold my beer
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It makes it so much easier to blame the other team that way.
In reality it is the other team. They're trying to map off our enterprise system. Our enterprise system has items mapped from as400 systems. The as400 items aren't coming through how the enterprise items come through because the as400 items are limited on the data they can carry. This is causing mismatching data on *their* end because they don't understand how the as400 items work. There's certain conversion factors in play, which I've been telling them for two fucking months, but they still can't get it through their heads that *they* need a work around on *their* side to handle the conversions.
 

kasnerd

Isn't this posh? I'll bet it's very exclusive.
Joined
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Inland Armpit, SoCal
In reality it is the other team. They're trying to map off our enterprise system. Our enterprise system has items mapped from as400 systems. The as400 items aren't coming through how the enterprise items come through because the as400 items are limited on the data they can carry. This is causing mismatching data on *their* end because they don't understand how the as400 items work. There's certain conversion factors in play, which I've been telling them for two fucking months, but they still can't get it through their heads that *they* need a work around on *their* side to handle the conversions.
*shudders* know this all too well. Again, campfire stories. Job where this happened deals with sensitive information and big companies

but more importantly....

Can I have a moment of your time to talk about our Lord and Savior, enveloped XML?
 

4runner DOA

Hold my beer
Staff member
Joined
Oct 2, 2018
Messages
11,339
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*shudders* know this all too well. Again, campfire stories. Job where this happened deals with sensitive information and big companies

but more importantly....

Can I have a moment of your time to talk about our Lord and Savior, enveloped XML?
Nope. I don't deal with web design. That's why there's nothing special on this forum outside of what I can find for add-ons. :rofl:
 
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