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

I'm patiently waiting to see what kind of hit the cruise stocks take Monday. The 90 day no sale order can't be priced in yet. I might just have a few put options still on the table. lol

 

For clarification, you mean a no SAIL order, correct?

 

Just before Christmas, I had all the symptoms including pneumonia. During my physical 2 months later, I was told I didn't meet the criteria for testing. Now they are expanding the antibody test, I hope to get screened again.

 

Just heard on the radio one idea is to remove a certain position you might have in a company to a Roth IRA if it's currently in a traditional IRA ... the gist is to save money on taxes by paying them now low. The example was say a stock you bought it 50K worth that went up to 75 k but say is now down to 30 k you can move that 30k worth pay taxes now and move to a Roth. You would still have the same amount of shares but now say it grows to 75k again at least you already have the taxes paid for while it was low anybody doing this?

 

Same here. My wife did west coast travel and then to newark and came down with a nasty flu for 2weeks. Tested negative for flu A&B. The nurses were saying the flu season has been very nasty so far (this was in Feb right when the locked down the china flights) and that Tamiflu wasnt working. Makes sense now. I felt like crap for a few days, but other than that was fine. I'm hopeing she had it and we both have antibodies for it, will be all over it when the test comes out.

 

Maybe? It might be propped up with optimism about better days right around the corner. If those days turn out to be further away or not so bright, I could see a new bottom. If I had to bet, I’d put $1 on bottom already being hit. Can I change my vote Monday?

 

My logic is that we will eventually have to pay the piper, there may be spike if they start to open things back up, but reality will set in when companies either fold or only hire back a portion of their staff, and public workers start getting laid off due to budget shortfalls driven by lower tax revenue. It will drop pretty hard then. Look at the 2008 charts.

People are forgetting that the fed has been pumping trillions into the credit markets since Spetember, the market was on a form of life support before the bat poop hit the fan and landed in someone's mouth.

 

Yeah, that. Guess you can tell there my mind is. lol

 

I agree with that, I guess to me it depends on how much it climbs before that reality hits. Using the DOW, if that gets back to 27, do I see it then dropping back to 18? I wouldn’t say it couldn’t, but less likely. And it would feel much worse as the reason wouldn’t be a virus we can look past and assume things will turn around when things blow over. If it stays around the 23-24k, then yea, 18 again seems a real possibility

 

actually good point those might go down a bit Monday because of that. I’m not skilled enough for puts to try that move this go around. But I’ll probably buy more Monday when they go down.

 

I'm still in a traditional IRA and plan on staying there. I have a feeling that whole ROTH idea will go away in the next 20 years. To me it's a glaring loophole. The IRS is allowing people to make money that isn't taxed. I get the initial deposits are already taxed. But any capitol gains on them are not. On withdrawal those gains should be taxed like any other gain. Eventually it will go away or get amended.

 

I need to talk to my accountant about this. Probably a good idea as taxes wont be going down anytime soon. What would be awesome is if they waived income taxes for 2020 as a form of stimulus, I would be converting all kinds of accounts over to roths.

I just opened up a SEP IRA for my biz (no clients yet but I already have a retirement plan lol) pretty sweet tax advantages with that, and I can buy property and physical assets and hold them in the plan.

 

Recession: yes. Bottom is in: yes.

The 30%+ drop priced in everything and then some, just my opinion.

 

I thought you get taxed on gains when withdrawn but never the contributions. So like I can contribute 50k and always be able to withdraw 50k without taxes. But if I withdraw 50,000.01 I am not taxed on that one cent. Plus now have to consider early withdrawal penalties if applicable. But that’s on the earnings, so I can forever withdraw 50k and not pay a dime. On the 50k.

 

It’s not really a loophole. The contribution limits and income limits prevent anyone from really taking advantage of anything drastic. The govt gets their money upfront instead of 30 years later. That’s value to them.

 

Exactly. Taxing my retirement is now triple taxation. If anything they should not be taxing any form of retirement earnings as that money has already been taxed (twice technically).

 

The trick there is to manage your income levels in retirement using a mixture of pre-tax and post-tax sources.

In Georgia, SS benefits aren't taxed as I understand it. And if 62 or older, no state income tax on capital gains, dividends, or interest.

At the federal level currently the LT capital gains tax rate is zero for individuals with income under $39375 (single) or $78750 for married/joint filers.

What really doesn't make sense though is having to pay federal income taxes on social security income. Seems just dumb enough to be something a government would do... oh wait...

 

Yea that mix is key!! I'm not anywhere near retirement so I'm not paying attention to retirement tax policy as thats going to for sure change by the time I get there.

Taxing SS makes as much sense as paying taxes on your income tax refund.

 

that actually makes sense.

Your “refund” is untaxed income that you loaned the government at 0% interest. Once it’s back in your hands you be sure they’ll want the taxes on it.