Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

I was just going to comment on this. One of our contract companies has had this exact scenario occur with their work force. Several have quit, accessed their 401, paid the penalties and went back to work for the same company at a later date.

 

well i sold my shares of HTZ yesterday. had a chance for 30% ended up selling at 16% and now it's dropping more.

when do i want to reinvest

I've got my stocks like you guys that I hold long term, then I've got a fair amount of money set aside for short flips.

 

Does the brokerage your company uses have really high fees or just a small selection of stocks?

 

So I just graduated college and started my first real job a couple of months ago. I have some questions for you guys. If I enroll in my company's 401k/roth 401k plan now, I can always roll that into my own personal IRA or Roth IRA account if I leave this job correct?

And I've decided I like the Roth options better for my current situation as I think I will be in a higher tax bracket later in life. But would now be a good time to enroll or should I wait and see what happens to the market for a few months? I know the DJIA is high and the global economy is stalling out a bit- would it be more advantageous for me to wait to enroll later this year when the market is in a slump? I'm worried if I enroll now I will be taking a loss over the next year.

 

don't try to time the market.. it's always better to start saving for retirement as soon as you can.

 

If it is a company 401k then they are probably matching at least a portion of the funds you put in, in which case if you are not at least maxing out the match you are leaving free money on the table every month.

As far as the market position right now, even if it does drop this year you may appear to lose money for the time being but if you are young enough to have just graduated college then that won't matter. The market has gone down many times over the years but it has always gone back up, $100 invested now might drop to $80 temporarily but if it's not in there it can't climb to $200 when things turn around.

 

if you leave a company and have a 401k you want to Rollover into a Roth IRA I think there is a Tax penalty that has to be paid on the initial lump sum before its allowed into a Roth, the amount of Tax that they attribute in don't know, cause Im currently trying to do the same thing or looking into having an old 401k rolled into a Roth. my big issue is what fund/bonds I want to roll it into as a Roth.https://www.rothira.com/401k-rollover-options

 

If you leave the company, you should be able to roll it over.

Good on the tax bracket strategy with the IRA vs. Roth, I agree completely.

I would not wait an extra day to invest. Timing the market has probably worked for just about nobody. We might be up a lot this year (which I think we will), don’t miss out on it!

 

I'm boring, keep 500k in vanguard index funds and have a little play account with mostly FAANG stocks. Amazon, JP Morgan, Apple and Google have been good to me. All are long term holds. Have a little Berkshire and some Nvidia that haven't worked out. I used to play the options game but haven't in quite a few years.

 

I use Merrill Edge, trades become free once you have certain amounts invested ($50k gets 30 free trades per month, $100k gets 100 free trades per month). So not enough free trades to be a day trader, but enough to just buy a few times a month.

It has every stock, options if you want, etc.

 

be a long time for me to hit them numbers.

 

I'm old, 50 and getting older...

 

x2 it takes a lot of busting hump trying to get those numbers tho, power to ya for the doing it. most people go thru life not even worrying about savings or secure retirement in hopes the Government will bail them out in their time of need cause they didn't give 2 craps

 

I wouldn't wait to invest. I could've started and even had the thought of it around 2010 but waited until 2014 to start. missed out on alot of easy gains and compound interest. Being young If you put it off for a month you'll put it off for 5 years.

 

And like another person in this thread said. If you get a dollar for dollar match from your company that's already a 100% gain on your investment. If you dont take it, it's like turning down 3% raise.

 

What are your plans when you retire? Withdraw 4% or whatever that rule is? I am just wondering because you could take $500k and have a $50k a year salary right now if you invested in the right REITs. Maybe not ideal, but I think dividends are a better deal than withdrawing/selling shares. I always like to hear what other people's plans are when it comes time to pay yourself.

 

YES! Free money!

 

Right now we have one child in college and one in private school so retirement is still a little ways off. We are just about mortgage free so I'd say retirement in about 7 years would be the plan.

 

I was just wondering how you plan to turn a lump sum into a monthly income. Market volatility makes withdrawing dangerous (in my opinion).

 

I will have to transition it to some income investments. I'm not there yet so I havent done much research into my options