Investing General Discussion

All I will add to the Roth/traditional discussion is the answer is really based on the individual and where they picture themselves being X decades from now. It is difficult to predict your tax status 30 years in the future. I think the real win is actually having and investing in one or the other consistently for 30-50 years.

XOM is up two days in a row. That's a streak I may never see broken in my lifetime.

Fogel said:

The fact that the markets opened up and continued up probably signals we'll stay in correction territory and avoid full blown recession.

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Dead cat bounce imo, but i have no idea.

I predicted the market crash about 50 times in the last year. Last week I was correct. I rock.

Only thing I thought would stay down was airlines. Because of the travel ban. I chose wisely. Options are only kind of fun I'll enjoy my "free" $850.00. Last week I did make some choice purchases so it's been sweet no matter what happens.

I still think this week ends red. But I am an idiot so what do I know.

Xadion said:

Some things seem to be slowly up (1%ish) and or flat...so... good?


By things, I mean the few items I watch and the positions I dropped last Monday.

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My belief (nothing more) is some high quality stocks got oversold due to their weight in index funds. A lot of money got pumped back in today but not so much into indexes as it was directed at specific stocks. So on one hand the money that went in to indexes lifted all boats, but some stocks absolutely ripped because of direct purchase. Of course, I could be totally wrong,

The fed plunge protection team is at it again boys!

Gravel said:

God you're a shit poster. This is complete garbage advice.

The tax deferment from a traditional makes it vastly superior to most people if they're actually paying income taxes. Roth is only better if you're in a low tax bracket or if you're past the phase out on traditional.

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Im sure that highschool student is being fucking crushed by his tax burden. Infact, this is why I said you only get the traditional if you don't qualify for a Roth. If you make enough money to have a high tax burden a roth is not available to you. (Technically it still is, but that's a story for another time.)

The only exception where you can get a roth and not have it be the ideal situation compared to a traditional is if you are a few years from retirement and have saved practically nothing so you'll definitely be a few tax brackets down in retirement. At that point you're probably screwed anyways.

half a point rate cut and the markets shrug, lol.

moonarchia said:

Well, once my condo gets sold I will be in a position to start adding an IRA to my 6%(15% after company match +3%) 401k. I do qualify for a Roth, and the difference in AGI wouldn't be much of a blip, so I figure that will be the best route to follow.

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Assuming you havent, check the limits on deductability with an IRA if you already have a 401k if you decide to go traditional.

The big problem with a 5% up day yesterday is a 2% down day today presents very little buying opportunities.