Investing General Discussion

I'm on the fence about EV's. Even if you take Tesla out of the equation, its only going to be a matter of time before the big boys assert their dominance once EV acceptance in the world truly takes off. And even then, when does that actually happen? I think its much further off than people realize.

It has to be. Every time I bring up EV's, I bring up the power grid.

They already complain about how our power grid if shit and can't keep up. But let's replace all combustion engines? Good luck!

Who called it?

It’s over DOCU bros.

Yeah, we already knew that was in there months ago.

Edit: I should add, the whole thing is just another attack on the middle class. Read someone's comment elsewhere that said (paraphrasing) "No one is becoming super rich with a backdoor Roth (or mega-backdoor Roth). It's just a tool to help middle class people become upper class."

There's also no reason the limits should be as low as they are. $6k is ridiculous.

i think you have to consider the entire tax-advantage vehicles and not just look at the $6k limit on Roth.

Investing in private equity via Roth probably shouldn't be a thing. Is it Peter Thiel or someone similar who turned on year's $6k into billions by buying early paypal?

before backdoor, you have $19.5k 401k, $6k standard Roth, and 3-7k HSA. ~$30k a year someone can save. if that family can afford to save more, do they need a tax advantaged method to do so?

That's a tough question because it really focuses on what we want as a country. For someone like me who thinks that government spending is the problem, then yes, people making under $500k a year should be able to take advantage of as many tax deductions as possible. Because right now people in the $50-500k income range are shouldering the burden of federal tax. Not paying the majority of them, mind you, but the rich are barely impacted by income tax, and the poor and lower middle class don't pay it at all.

The people paying income tax and with enough resources to save are the productive members of society, from the blue collar tradesmen, the office drones, the small business owners, and the doctors/dentists/lawyers. These are the people we should want to be as far away from falling onto the government dole as possible, so giving them tax preferential treatment should be the goal.

But I think the powers that be would rather have everyone in the welfare class except for the exceptionally rich; a return to feudalism.

Yes and no. I suggest reading the rule yourself and I am certainly no expert, but I believe if you sell and buy a similar stock in similar industry it does not work.

Starting point. Though i never did the research myself to determine what “substainially identicial” actually means

Think Monday morning I’m gonna jump on the docu train if it doesn’t pump 5% at open or something.