Investing General Discussion

Grabbed my last large chunk of SPIR. Got my cost basis down to $1.80

Gravel said:

My gut would've said we hit 3200 by the end of the year, but we've just run out of time. January is going to be a bloodbath.

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I'm not so sure January continues the bleeding. It certainly might, but I am not there yet. Inflation is appearing to peak as interest rates are doing the job. The markets desperately want some good news. If we actually get some I can see a wave of buyers jumping in.

AAPL
This is what passes for "professional financial advice".

"This is a low and a good place to buy. It might not hold though and it could go lower. But, there is chance it won't fall down this low either".

TSLA starting to rip in the pre-market. I wonder how many are short it right now.

Blazin said:

I had the exact opposite read, put about $350k to work yesterday

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I was just about to come reply to my post making fun of my shitty prediction. Luckily I hedged and was adding very small bits of cash the last couple of days.

Locnar said:

Employer contributions can take you past the max.

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The max only applies to your contribution, I know that. At least for the government, if you contribute 0$ in a pay period for whatever reason, including that you maxed out your contribution earlier in the year, they will match your contribution of 0$ in that pay period, so you miss out on the 4% match and only get the 1% that is non-matching. So you want to make sure you at least contribute your matching amount (5% for feds) for every pay period of the year. That's why I just take the maximum contribution for the year and divide it by pay periods, and set my contribution to be that every month to keep things simple. This year it's set to 865$ a pay period.

I know blazin came in and said this is unpossible and nobody does this, but a lot of companies just copy Fed policy for everything, so at the very least this also applies to 10s of millions of people. If you don't look at your company's policy and plan accordingly, you may be throwing thousands of dollars in the trash for no reason. This confirms what I've said, and is basically why you should make sure you should take the time to do your due diligence. TSP is the fed version of 401k, and all of the same rules apply to both.

Don't Lose Out on TSP Matching Funds

.... If you reach the maximum TSP contribution limit before the end of the year, finance will automatically stop your TSP deduction. And, without your monthly contribution, there will be no DoD matching contribution. That's right: Once your TSP contributions reach the annual maximum contribution limit, finance will stop them. That means that the matching funds will stop.

TSLA +8%

My last ten days of activity:

Jysin said:

How Elon Musk Dodged a Potential Margin Call Bullet by Following His Own Advice

The Tesla CEO might regret buying the social-media platform, but he doesn't have to regret the way he financed it.

www.barrons.com

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All part of the gubmint's plan

MSTR 10-day chart. -30%. Almost TSLA-like. Rumor has it Saylor is selling some BTC.

Mist said:

So can losses offset your dividend gains or not? Because I've got an extra 3k in dividend gains I could counteract by selling more stuff.

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Assuming it is a taxable account, you show both gains and losses on your various 1099 forms.