- Messages
- 2,946
- Reactions
- 5,007
If we can get Thiel to buy up a bunch of Shiba Inu and get it to a buck, I'm retiring.What do mean, "if"...???
JavaScript is disabled
Our website requires JavaScript to function properly. For a better experience, please enable JavaScript in your browser settings before proceeding.
Stock market on fire
- Thread Starter Oregonhunter5
- Start date
-
- Tags
- stock
- Messages
- 24,472
- Reactions
- 65,999
What do mean, "if"...???
My question was more directed toward "if" trust in government is lost. I would argue that we are long past that point now...
- Messages
- 5,748
- Reactions
- 18,146
BBBY, another also heavily shorted brick and mortar store decides to buy back a billion of their own stock to screw over the shorting hedge funds and their stock is up about 100% after hours. A bunch of the meme stocks also heavily shorted and tied into EFT's together and seeing after hours jumps as well as the shorts try to cut their losses having failed to kill another business. Its all been predicted that hedge funds were hiding their shorts of all these companies together. Avis tied into that mess had a huge blip today as well.
finance.yahoo.com
GME may be releasing its NFT this week which will add to the fire. should be an interesting week.
Bed Bath & Beyond Inc. (BBBY) Stock Price, News, Quote & History - Yahoo Finance
Find the latest Bed Bath & Beyond Inc. (BBBY) stock quote, history, news and other vital information to help you with your stock trading and investing.
finance.yahoo.com
GME may be releasing its NFT this week which will add to the fire. should be an interesting week.
- Messages
- 2,946
- Reactions
- 5,007
Reddit has become the new 4chan, and I love it. To the frickin' moon.
- Messages
- 42,607
- Reactions
- 110,611
Another good day for me. Doing really well this week. So far.
- Messages
- 42,607
- Reactions
- 110,611
Read an article this morning on MarketWatch.com
Recommends not investing or moving funds into Roth IRA because sometime in the future the gov may tax withdrawals from the Roth IRA.
Used the example of Reagan getting tax on SS benefits, even though we supposedly pay tax already on the contributions (hard to find any good info on SS deduction counting towards AGI or gross income, but I am pretty sure we are not taxed on the employer's half). That aside...
I would think that if people with Roth IRAs suddenly learned that they would be taxed on withdrawals, that before the tax went into effect, they would withdrawal all of the $ before they had to pay tax on it in the next tax season. That would not be good for the stock market, and it would probably not get the $ into the gov that the advocates of that would want.
We have no choice with Social Security but we most likely would with a Roth IRA.
This is an issue with me as, over the next 5 years or so, maybe longer, I plan to move $ from my IRA into my Roth IRA.
Recommends not investing or moving funds into Roth IRA because sometime in the future the gov may tax withdrawals from the Roth IRA.
Used the example of Reagan getting tax on SS benefits, even though we supposedly pay tax already on the contributions (hard to find any good info on SS deduction counting towards AGI or gross income, but I am pretty sure we are not taxed on the employer's half). That aside...
I would think that if people with Roth IRAs suddenly learned that they would be taxed on withdrawals, that before the tax went into effect, they would withdrawal all of the $ before they had to pay tax on it in the next tax season. That would not be good for the stock market, and it would probably not get the $ into the gov that the advocates of that would want.
We have no choice with Social Security but we most likely would with a Roth IRA.
This is an issue with me as, over the next 5 years or so, maybe longer, I plan to move $ from my IRA into my Roth IRA.
- Messages
- 16,799
- Reactions
- 27,585
RE : The Tax Code
The one certain thing is.....CHANGE.
Yup......
Just when YOU (the taxpayer) think that you have it all figured out. It'll be time for another CHANGE.
The Govt give-aways and the spending keeps happening. It's in that playbook, "How To Get Elected (or Re-elected)".
A lot of lawmakers (and people) believe that......
It would NOT be "good policy" for everyone including the Govt to live within their means with a balanced budget.
Yeah....spend money that you don't have. The economy needs spending to expand. Besides....the GOVT is always there to bail you and itself out. Rrrrrright......the Govt has that printing press and they could always change the rules.
Aloha, Mark
The one certain thing is.....CHANGE.
Yup......
Just when YOU (the taxpayer) think that you have it all figured out. It'll be time for another CHANGE.
The Govt give-aways and the spending keeps happening. It's in that playbook, "How To Get Elected (or Re-elected)".
A lot of lawmakers (and people) believe that......
It would NOT be "good policy" for everyone including the Govt to live within their means with a balanced budget.
Yeah....spend money that you don't have. The economy needs spending to expand. Besides....the GOVT is always there to bail you and itself out. Rrrrrright......the Govt has that printing press and they could always change the rules.
Aloha, Mark
Last Edited:
- Messages
- 5,748
- Reactions
- 18,146
Are they still posting articles about price moves of stock 30 minutes before they actually happen? marketwatch and fool.com and many of the other financial "news" outlets are just manipulating markets through the information. About as reliable as getting firearm information from CNN.
- Messages
- 16,799
- Reactions
- 27,585
The Bulls are running today.
Well....at least for me (for now).
BTW.....CNBC's Dr. Gottlieb is saying......IT MIGHT BE OVER!
news.yahoo.com
Aloha, Mark
Well....at least for me (for now).
BTW.....CNBC's Dr. Gottlieb is saying......IT MIGHT BE OVER!
Former FDA commissioner Scott Gottlieb: 'By Jan. 4, this pandemic may well be over'
Former FDA commissioner Scott Gottlieb: 'By Jan. 4, this pandemic may well be over'
Aloha, Mark
- Messages
- 24,472
- Reactions
- 65,999
Just in time for the campaigning for midterms...BTW.....CNBC's Dr. Gottlieb is saying......IT MIGHT BE OVER!
Former FDA commissioner Scott Gottlieb: 'By Jan. 4, this pandemic may well be over'
Former FDA commissioner Scott Gottlieb: 'By Jan. 4, this pandemic may well be over'
Last Edited:
- Messages
- 16,799
- Reactions
- 27,585
Pelosi might be pushing the vote for the Brandon Spending Package today. It's unsure if she has the votes.
And more news about the Covid thing.
Aloha, Mark
And more news about the Covid thing.
Aloha, Mark
Last Edited:
- Messages
- 16,799
- Reactions
- 27,585
RE : Post #887 and Change.
www.yahoo.com
Aloha, Mark
2022 IRA and 401(k) Contribution Limits Are Set (There's Both Good and Bad News)
Workers will be happy to know that they can contribute more to their 401(k) accounts next year, but IRA owners may be a little disappointed.
Aloha, Mark
- Messages
- 42,607
- Reactions
- 110,611
I just about had a heart attack; I logged into my 401K to see how it did today and the balance was zero.
Panic called JH and they said my former employer terminated the contract - no notice that I am aware of. Probably a switchover.
So I am having my IRA/Roth provider call the contact person for previous employer that is handling the assumed switchover and have them transfer all funds to my IRA. I liked JH - good returns, good investment options, but I don't like how this happened with no notice/etc. - it was almost six figures, and suddenly it is gone to who knows where! Grrr.
Panic called JH and they said my former employer terminated the contract - no notice that I am aware of. Probably a switchover.
So I am having my IRA/Roth provider call the contact person for previous employer that is handling the assumed switchover and have them transfer all funds to my IRA. I liked JH - good returns, good investment options, but I don't like how this happened with no notice/etc. - it was almost six figures, and suddenly it is gone to who knows where! Grrr.
- Messages
- 24,472
- Reactions
- 65,999
It's still out there... for now... Had the same thing happen a couple of times over the past 40 years with plan changes, cancellations, switchovers, etc.
Yes, no doubt it's heart-stopping when you log on to see a row of zeroes, but it all works out in the end. Or, at least it has for me...
That being said, I don't trust any Congresscritter of any stripe to not try and ram through a new law to further tax your 401k, IRA, Roth, stock investments, etc. to quench their never-ending thirst for more of American's retirement assets for their pet socialist schemes, so beware...
Last Edited:
- Messages
- 42,607
- Reactions
- 110,611
The dems put the prohibition for backdoor conversions to Roths, plus other limits/etc., back into the spending bill - I bet it won't pass muster, but on the personal level it doesn't apply to me ($ limits way above me), and even if it did, it would not go into effect until 2032 IIRC.
But I will keep an eye on them - they may want to tax Roth earnings/etc. - as soon as they try that I will cash out the Roth. I don't think that will happen though as there would be too many people that it would anger. They probably won't get the provisions for backdoor conversion thru either.
The 401K switchover has happened to me too. But EDJ tracked it down and found out where it went and got it straightened out. I just do not like how they handled it.
But I will keep an eye on them - they may want to tax Roth earnings/etc. - as soon as they try that I will cash out the Roth. I don't think that will happen though as there would be too many people that it would anger. They probably won't get the provisions for backdoor conversion thru either.
The 401K switchover has happened to me too. But EDJ tracked it down and found out where it went and got it straightened out. I just do not like how they handled it.
- Messages
- 24,472
- Reactions
- 65,999
I don't have any Roths, so it doesn't affect me either, but for reasons different than yours.
See? This is what I mean about these Congresscritters. The thing that made Roth IRAs attractive was that earnings were to be tax free. Yes, they still are... for now... But that is precisely my point. I don't trust any of them to not try and ram a tax through to grab your wealth for their pet socialist schemes. And I don't think it matters to any of them, and certainly not the current jokeministration in the WH, if the public gets angry. We're just the little people, remember?
I agree, sounds hosed up...
- Messages
- 17,471
- Reactions
- 36,483
State Street Global Advisors — actually one of the world's largest investment companies — has announced that henceforth, its leaders will need permission ... as part of the company's new diversity hiring initiative.
- Messages
- 385
- Reactions
- 504
It's the start of ESG.
State Street Global Advisors — actually one of the world's largest investment companies — has announced that henceforth, its leaders will need permission ... as part of the company's new diversity hiring initiative.
I love the skin color games.
^ This man looks pretty white, but in fact is the Syrian Ahmad Al Aliwi Alissa.
And here is a gentleman, Vijay Jojo Chocal Ingam, Asian/Indian pretending to be black, to get into med school, and it worked.
Yep, all about the skin color.
I'm not into investing like this, not directly anyway. I would suppose that it is very difficult to invest without using this group.
^ This man looks pretty white, but in fact is the Syrian Ahmad Al Aliwi Alissa.
And here is a gentleman, Vijay Jojo Chocal Ingam, Asian/Indian pretending to be black, to get into med school, and it worked.
Yep, all about the skin color.
I'm not into investing like this, not directly anyway. I would suppose that it is very difficult to invest without using this group.
Similar threads
Upcoming Events
New Classified Ads
-
-
-
-
-
-
-
-
-
Microtech Ultratech S/E Tactical Partial Serrated- Started by JBSTRD
- Replies: 1
-
