Sanrith Descartes
Von Clippowicz
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We call this a learning lesson when you compare those two accounts.
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Investing General Discussion
- Thread starter Furious
- Start date
Tmac
Adventurer
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Definitely. I've also realized that my unwillingness to move stocks has to do w the tax event, so now I'm just going to throw everything into my Roth, SEP, and if necessary start a 401k.
I would've gotten out of MTTR when it was up 100% and back in now if it had been in my ROTH.
Sanrith Descartes
Von Clippowicz
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I have a SEP, IRA, Roth and taxable brokerage account. I do 99.9% of my trading in the retirement accounts. My brokerage is exclusively Index ETFs. Fuck paying capital gains taxes.
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Asshat wormie
2023 Asshat Award Winner
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The idea is to lose money so you can reduce your taxes!
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Tmac
Adventurer
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Yeah, I had that shit backwards from the start.
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TJT
Mr. Poopybutthole
- 41,079
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Ahem, whenever you lose money its 'deliberate tax loss harvesting."
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Blazin
Creative Title
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Sludig
Golden Baronet of the Realm
- 9,075
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So was looking at my 3 401k's. (one is technically a 457b or whatever from the sheriff). Think I decided to leave them alone for now and not consildate the oldest one because I think I like the investment choices better in it. Then the sheriff can't be rolled into a 401k I dont think and I'm waiting the 5 years to be vested. (Didnt think it was supposed to work like that but another work friend somehow was able to keep all his $ after leaving a department after he sat on it long enough)
The actual question I guess is. Am I doing this wrong? One of them is basically in a vanguard insitutional index that tracks S&P 500 pretty much. The oldest I forget the name, but also mimics S&P 500 but seems to be more heavily into a lot of the names thrown here for solid long term. (Nvidea, msft, etc). My current jobs selections though were in a targeted 2050 fund, and just looks like the fund has done awful, not just in last 12 months rolling, but like 5 years straight with returns of like 5% and even negative, so I split that into 50/50 with Fidelity 500 index and JP Morgan Mid Cap growth growth that looks like it's done well across 15 years.
At worst, I assume just these might be riskier once I'm getting very close to retirement if the market drops out and would want to swap to more conservative bonds etc down the road. But these other funds, seem far more productive than the targeted date ones.
The actual question I guess is. Am I doing this wrong? One of them is basically in a vanguard insitutional index that tracks S&P 500 pretty much. The oldest I forget the name, but also mimics S&P 500 but seems to be more heavily into a lot of the names thrown here for solid long term. (Nvidea, msft, etc). My current jobs selections though were in a targeted 2050 fund, and just looks like the fund has done awful, not just in last 12 months rolling, but like 5 years straight with returns of like 5% and even negative, so I split that into 50/50 with Fidelity 500 index and JP Morgan Mid Cap growth growth that looks like it's done well across 15 years.
At worst, I assume just these might be riskier once I'm getting very close to retirement if the market drops out and would want to swap to more conservative bonds etc down the road. But these other funds, seem far more productive than the targeted date ones.
Sanrith Descartes
Von Clippowicz
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You don't normally roll one company's 401k into another when you move. You would normally roll it into a self directed IRA. So if you have 2x 401k from places you no longer work you could combine them into a single IRA.
Important! You don't take possession of the funds/instruments, you have the custodian of the IRA move them for you with you never touching them until they are moved.
Blazin
Creative Title
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Looks pretty clear we are going to test Jan low, the market is not going to make this easy. Enough people are going to have stops at the January low that piercing it seems highly likely if for no other reason than to screw the uncommitted. The tougher question is do we need to drop into 380-416 range to properly flush us out and build a new base. Too hard to answer that right now but at minimum people should get comfortable with that idea.
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Jysin
Ahn'Qiraj Raider
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Futures looking bleak with the news Russia pulled the trigger on advancing into Ukraine. S&P flirting with the lows of recent volatility levels. SPY 425 level is fairly important as there’s not much supported below until 400.
With March rate hikes around the corner, I’m thinking 400 could be a possibility at this point.
*edit* blazin beat me to it
With March rate hikes around the corner, I’m thinking 400 could be a possibility at this point.
*edit* blazin beat me to it
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Sanrith Descartes
Von Clippowicz
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I know you mentioned Canada is not significant to the markets but Canada's Democracy fell tonight. Martial law is the law of the land now.
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
Forgetting the indexes for a minute, anyone seeing an actual bargain among individual names (that aren't meme or penny stocks)? I'm guessing the next couple of days should be providing some opportunities. Hey we might see PYPL go sub-$100.
Tmac
Adventurer
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Blazin
Creative Title
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S&P futures have rallied almost a full hundred points of the low which ended just above the Jan low.
Russia taking action much less scary than waiting for them to do so , now if we could just get the Fed to raise rates we could be off the races.
Russia taking action much less scary than waiting for them to do so , now if we could just get the Fed to raise rates we could be off the races.
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Jysin
Ahn'Qiraj Raider
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Couldn’t get orders out on Fidelity for my IRA early enough. The stupid pre market trading on these mainstream brokers sucks. (Some don’t start until 7-8am). Lightspeed allows 4am pre market trading, but I really only use them for day trades.
We were flirting SPY 426 early morning.
We were flirting SPY 426 early morning.