Investing General Discussion
- Thread starter Furious
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Hateyou
Not Great, Not Terrible
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Speaking of NKLA. I actually saw a Rivian truck driving on the highway a couple weeks ago. It was unassisted, keeping up with the 70 mph traffic, and even going uphill.
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As long as one could afford it, is it wise to max out a Roth IRA early in the year as opposed to contributing throughout?
Sanrith Descartes
Veteran of a thousand threadban wars
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TQQQ is a triple leveraged version of QQQ. It goes up 3x as fast as QQQ and .... goes down 3x as fast as QQQ
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Sanrith Descartes
Veteran of a thousand threadban wars
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It really depends on the market performance. If you put it in on day one you have 365 days of potential growth. If the market tanks for six months amd you put your money in on month 7 you look like a genius.
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Lejina
(╯°□°）╯︵ ┻━┻
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That picture is me with Blackberry a year ago. In the span of two months I ended up with close to 600% profit with the funds I had allocated to that stock but a year later I'm still spooked of tech stocks. That shit was meme as fuck, I basically did everything opposite of what Reddit was suggesting.
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Sanrith Descartes
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Fogel
Mr. Poopybutthole
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Only thing I'd caution about as far as maxing out retirement accounts, is if you plan on retiring early but you lock up all your money in a 401k/IRA, you'll have to face penalties to retire early if you'd need to withdraw from it.
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Gravel
Mr. Poopybutthole
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Conventional wisdom is that time in the market beats timing the market.
Since none of us knows what the future of the market looks like, it's better to get the money in as soon as you can and ride the waves up. Because while the market can be volatile, it's within 5% of the all time high something like 80 or 90% of the time.
As far as locking your money up, there are ways around that. I've been debating an early retirement thread but just haven't felt like actually doing so.
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Hateyou
Not Great, Not Terrible
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What you too busy sitting around doing fucking nothing? Wtf man
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Gravel
Mr. Poopybutthole
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I get up whenever, fuck around online, eat breakfast, play some games or watch twitch, workout, lunch, sometimes go for a walk, eat dinner, watch a few hours of TV, and then go to bed. It's a full day, man!
And that's the lazy days. If I do a project or we go do something, I accomplish even less.
I read a lot of people who first retire and they say, "I don't know how I accomplished anything when I was working all day."
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Sanrith Descartes
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Big Phoenix
Pronouns: zie/zhem/zer
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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CRM has broken below its last real support level in the pre-market. If it fails to retake $243 then $230 is possible and then beyond that a retest of $210 is possible. Of note, $210 is 15% below yesterday's close of $248. CRM is heading into territory that is favorable if you are looking for a long term buy/hold. Depending on today's action there is a good chance I will add to my position at some point.
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LachiusTZ
Rogue Deathwalker Box
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Sanrith Descartes
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Sanrith Descartes
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Added to CRM at $231
Sold my AMGN at $229 (it has been bouncing off resistance here at the 200 DMA) for a tidy profit.
Sold my AMGN at $229 (it has been bouncing off resistance here at the 200 DMA) for a tidy profit.