MarkK wrote:sweet, my retirement account broke 14k today...
I did, but after earnings where no longer a mystery, the implied volatility dropped and so did the price of the calls. For a while today the stock was up about 18 and I was close to being back to break even, so if by some miracle they keep inflating that bubble, I may be able to get out without too much pain. The stock only closed up 2 though.Talenos wrote:I thought you said you bought calls?
LucasPukus wrote:Well, it's down again today and am going to buy in. This will be my first individual stock purchase.
daoist wrote:Psh, screw you guys. In a couple years I'll sell my magic cards and transformers and retire on the money.
LucasPukus wrote:So, I've realized that I'm borderline addicted now. Perhaps my first sign should have been when I was cuddling and talking about Merril Lynch and their CEO issues and Dan had to tell me that he was too tired to hear about ML.
Anyway, this is another question, and it could go in the retirements thread as well, but I was listening/reading about a group of friends who were caught up in impressing each other and going out to huge, expensive dinners, spending a lot on vacations, etc. They all decided to share their complete financial profiles--assets, debts, salaries and monthly bills to each other in order to become more financially accountable to each other. In the end, they created an investment club and also began to save a lot more money and live a more adequate lifestyle.
Is anyone brave enough to do it? Honestly, I'm afraid of telling other people what my debt is, but I thought that there might be other people willing to do it.
Talenos wrote:I don't mind discussing finance, in fact I rather enjoy it. I've been thinking it might be fun to join/start an investment club. I've hear they actually do quite well a lot of the time. I do agree that this country has made money almost as taboo as sex. You can't say how much you make, how much you owe, bla bla bla.
LucasPukus wrote:I'll post my debt if you post yours.
Derek Smalls wrote:just grmn for now... we're invested in a couple funds for diversity purposes. it'll come back up once the tele atlas stuff shakes out and the holiday season earnings start coming in
LucasPukus wrote:But my mutual funds closed up today.
MarkK wrote:so you actually can switch brokers, you just don't want to go through the trouble...
Talenos wrote:Derek Smalls wrote:just grmn for now... we're invested in a couple funds for diversity purposes. it'll come back up once the tele atlas stuff shakes out and the holiday season earnings start coming in
Hope you are buying more today. This bidding war is going to make someone overpay.
Nice job. 160 is a bit high for a P/E, so I think there has to be a pull back at some point. I'm kicking myself for not buying a few days ago when I wanted to.Talenos wrote:Sold half my FSLR today. Up 50% over 3 days. I'll hope for a pull back so I can buy back in again later.
daoist wrote:Suppose my company doesn't match 401(k) at all, what should I do? Do I not bother until I've maxed out Roth for the year? Or do I still want to do some along with Roth?
daoist wrote:From my understanding the general order to invest for retirement is:
1. 401(k) up to company match
2. Roth IRA up to legal max
3. 401(k) remainder up to legal max
Is this what you guys think?
If so, now this:
Suppose my company doesn't match 401(k) at all, what should I do? Do I not bother until I've maxed out Roth for the year? Or do I still want to do some along with Roth?
DJSteve wrote:daoist wrote:Suppose my company doesn't match 401(k) at all, what should I do? Do I not bother until I've maxed out Roth for the year? Or do I still want to do some along with Roth?
Unless you're really tight on money (paying down debt or whatever) and want the tax break of the 401(k), max out the Roth. The tax-free returns compounded over 30-40 years far, far, outweigh what you'll pay in taxes now.
Also, since you were taxed on the money before it went in, with a Roth you can pull your initial investment back out at any time with no penalty (i.e. in an emergency).
Users browsing this forum: Google [Bot] and 1 guest