|
prom candy posted:buy low while high      An allegory, told with SA Emoticons. My magnum opus.
|
#
?
Feb 3, 2021 05:44
|
|
|
|
| # ? Jun 8, 2024 01:47 |
|
|
LeafHouse posted:I still don’t understand the difference between a stock and a broth ira and at this point I’m afraid to ask An IRA (roth or vanilla) is a vessel that you put your money into. Sometimes your boss agrees to put in money too. The money in that cannot be used for human purposes until you turn like "old 1/2 years". All that money can be used on Stonks and other financial products. This is a good system to have be the sole method of retirement for everyone because
|
|
#
?
Feb 3, 2021 05:45
|
|
|
KirbyKhan posted:An IRA (roth or vanilla) is a vessel that you put your money into. Sometimes your boss agrees to put in money too. The money in that cannot be used for human purposes until you turn like "old 1/2 years". All that money can be used on Stonks and other financial products. Can't you pull out monies from a Roth without penalty prior to age 59 1/2 or whatever? I've been wanting to convert my IRA into a Roth one, but I'm afraid of that tax chunk that'll come after it, but if I can pull monies out in the long run in case I need it... 
|
|
#
?
Feb 3, 2021 05:46
|
|
|
KirbyKhan posted:An IRA (roth or vanilla) is a vessel that you put your money into. Sometimes your boss agrees to put in money too. The money in that cannot be used for human purposes until you turn like "old 1/2 years". All that money can be used on Stonks and other financial products. NUMBER GO UP, of course. Gotta inject more money into the market to speculate with.
|
|
#
?
Feb 3, 2021 05:46
|
|
|
dalstrs posted:Looks like the warrants are for an exercise price of $6.25 a share. At $.50 each, isn't that a pretty bad value for a $2.xx a share stock? I thought the exercise price was 2.65? Because yeah, that's poo poo.
|
|
#
?
Feb 3, 2021 05:47
|
|
|
dalstrs posted:Looks like the warrants are for an exercise price of $6.25 a share. At $.50 each, isn't that a pretty bad value for a $2.xx a share stock? It is a gamestop preorder: You put down 5bux today for the right, but not the obligation, to purchase that thing at X price in the Y time window. So if stock is poo poo, just don't buy the rest, you are out your .50cent/share investment. If the stock good, you pay your low pre-negotiated rate. If stock same then wherever.
|
|
#
?
Feb 3, 2021 05:47
|
|
|
pliable posted:Can't you pull out monies from a Roth without penalty prior to age 59 1/2 or whatever? I've been wanting to convert my IRA into a Roth one, but I'm afraid of that tax chunk that'll come after it, but if I can pull monies out in the long run in case I need it... I just paid the penalty because I was spooked that it was all falling apart and in that mindframe at 15% penalty is better than losing it all. I was wrong, number go up. You ~can~ pull money out but you gotta write letters and use it for a house or some impossible poo poo that are only edge cases for rich people. My favorite thing that makes me lmao is that you can take out a lone based on your IRA and holy lol goddamn that is 3 layers of extra on an already dumb system.
|
|
#
?
Feb 3, 2021 05:51
|
|
|
the trick to retirement is to die young. think, then, of the fifth of scotch you drink everyday as an investment.
|
|
#
?
Feb 3, 2021 05:51
|
|
|
KirbyKhan posted:I just paid the penalty because I was spooked that it was all falling apart and in that mindframe at 15% penalty is better than losing it all. I was wrong, number go up. Oh, well gently caress. Eh I mean I'll still change it once poo poo gets a little more stable for me, cause I'd rather pay that tax now vs later. Yudo posted:the trick to retirement is to die young. think, then, of the fifth of scotch you drink everyday as an investment. lmao I'm counting on America and its love of whiskey for data. Also, I think I decided that I'm gonna keep my Robinhood account too, but transfer most stocks out of it. They *did* pioneer the whole zero commission thing, and if they can be disruptive again to where it changes the rules even a tiny bit in our favor, then I support that. But gonna use a bigger broker next time so I don't get cockblocked on a GME-like party again. pliable fucked around with this message at 06:06 on Feb 3, 2021 |
|
#
?
Feb 3, 2021 05:54
|
|
|
Yudo posted:I thought the exercise price was 2.65? Because yeah, that's poo poo. KirbyKhan posted:It is a gamestop preorder: You put down 5bux today for the right, but not the obligation, to purchase that thing at X price in the Y time window. So if stock is poo poo, just don't buy the rest, you are out your .50cent/share investment. If the stock good, you pay your low pre-negotiated rate. If stock same then wherever. I get that, but I think at this valuation it is a poo poo return on your risk vs a normal share.
|
|
#
?
Feb 3, 2021 06:07
|
|
|
dalstrs posted:I pulled that from their 12-17 prospectus. If it was $2.65 I'd go in on those. Oh yeah, bad price. Jesus, all my accounting education taught me these terms and vehicles and their tax implications. But as far as what numeric values are normal I don't fuckin know. When I was at working Hollywood all numbers were big and it felt like nothing didn't ever matter, when I'm at home number small and my impulse purchase of the day feels like it matters a great deal.
|
|
#
?
Feb 3, 2021 06:15
|
|
|
DoomTrainPhD posted:
Your last several posts make absolutely zero sense and I hope no one listens to you.
|
|
#
?
Feb 3, 2021 06:19
|
|
Yeah I, I'm dumb and forgot 401Ks are Vanguard, not Hedge funds.
|
Flowers for QAnon posted:Your last several posts make absolutely zero sense and I hope no one listens to you. You’re telling me I shouldn’t have traded my vanguard login for a Lebron rookie card? You’ve ruined me, Dr. Doomtrain.
|
|
#
?
Feb 3, 2021 06:39
|
|
|
Back to the whole /u/DFV debacle, I read somewhere that he's an actual financial advisor, is that true? I mean if so, maybe he has some grandiose master strat that'll blow GME out of the water? Highly doubt it but lol
|
|
#
?
Feb 3, 2021 06:42
|
|
|
LeafHouse posted:I still don’t understand the difference between a stock and a broth ira and at this point I’m afraid to ask An IRA is a contradiction because it's for retirement yet it encourages the most degenerate of gambling in it.
|
|
#
?
Feb 3, 2021 06:42
|
|
|
pliable posted:Back to the whole /u/DFV debacle, I read somewhere that he's an actual financial advisor, is that true? I mean if so, maybe he has some grandiose master strat that'll blow GME out of the water? Highly doubt it but lol paging cumshitter
|
|
#
?
Feb 3, 2021 06:46
|
|
|
pliable posted:Can't you pull out monies from a Roth without penalty prior to age 59 1/2 or whatever? I've been wanting to convert my IRA into a Roth one, but I'm afraid of that tax chunk that'll come after it, but if I can pull monies out in the long run in case I need it... You can pull your contributions out of a Roth IRA at any time penalty free (you've already paid income tax on this money too). Of course when you do this that's tax advantaged space that you never get back. Your earnings on the other hand are subject to the mentioned rules where you're subject to a penalty if you pull out before a certain age other than for a handful of exceptions. So if you contribute 20k over a few years, turn that into 60k, you can pull that original 20k out with 0 penalty. If you are going to do that, you need to keep track of your contributions vs withdrawals to ensure you're not accidentally dipping into your earnings (and I think there's a tax form related to this you may need to fill out in some cases to prove to the IRS you're pulling out contributions).
|
|
#
?
Feb 3, 2021 06:55
|
|
|
KirbyKhan posted:You ~can~ pull money out but you gotta write letters and use it for a house or some impossible poo poo that are only edge cases for rich people. https://www.schwab.com/ira/roth-ira/withdrawal-rules "There are exceptions to the early withdrawal penalty, such as a first-time home purchase, college expenses, and birth or adoption expenses." Age and holding the Roth for at least five years are major factors.
|
|
#
?
Feb 3, 2021 07:01
|
|
|
pliable posted:Back to the whole /u/DFV debacle, I read somewhere that he's an actual financial advisor, is that true? I mean if so, maybe he has some grandiose master strat that'll blow GME out of the water? Highly doubt it but lol
|
|
#
?
Feb 3, 2021 07:02
|
|
|
cr0y posted:I'm hearing DFW is a chartered financial analyst? Uhhh I think he might be getting some additional heat from the SEC... Why? I don't know if he's even violated the code and standards.
|
|
#
?
Feb 3, 2021 07:03
|
|
|
Zerstorung posted:The real twist is when he reveals he works for Citadel and they were just using WSB as pawns to initiate a hostile takeover of Melvin Capital. Melvin was founded by SAC alumni, so Steve Cohen and Ken Griffin exchanging a dollar over this wager would be on point.
|
|
#
?
Feb 3, 2021 07:05
|
|
|
Splinter posted:You can pull your contributions out of a Roth IRA at any time penalty free (you've already paid income tax on this money too). Of course when you do this that's tax advantaged space that you never get back. Your earnings on the other hand are subject to the mentioned rules where you're subject to a penalty if you pull out before a certain age other than for a handful of exceptions. Ahhhh okay, that makes sense. And also sounds v loving annoying to keep track of. Would be v useful for emergency purposes, though it sounds like? Thank you all for the info, kindly <3 Zerstorung posted:The real twist is when he reveals he works for Citadel and they were just using WSB as pawns to initiate a hostile takeover of Melvin Capital. I would pay the price of one admission to a movie film to see a movie film based on this premise pliable fucked around with this message at 07:23 on Feb 3, 2021 |
|
#
?
Feb 3, 2021 07:10
|
|
|
Ravel posted:Why? I don't know if he's even violated the code and standards. I don't know either but DFV has over a year of posts about this and ~100 hours of youtube Livestreams on the topic. The SEC have already stated they will be investigating what's been said on Reddit. I'd be concerned that I didn't say anything I should'nt have if I was him as he's obviously a high profile target in this whole mess.
|
|
#
?
Feb 3, 2021 07:32
|
|
|
GoGoGadgetChris posted:can we call ourselves the Consortium of Uneducated Naive Traders?
|
|
#
?
Feb 3, 2021 08:24
|
|
|
^^ only if we invest our entire net worth into SA 
|
|
#
?
Feb 3, 2021 08:35
|
|
|
 Enjoy the meme!!!!!!!!!!!!!!!!!!!!!!
|
|
#
?
Feb 3, 2021 08:36
|
|
|
Rofl at all the people at WSB who invested college funds, life savings etc. I really like the whole GME circus though. I've learnt a lot and become more interested in stocks. It's also been interesting to see (more clearly) all the bullshit going on in the finance world. Best of all, nothing is going to change and the rich will become richer.
|
|
#
?
Feb 3, 2021 08:52
|
|
|
The best part of the GME fiasco is those who took a dump at the wrong time and lost 30% of their stake.
|
|
#
?
Feb 3, 2021 11:14
|
|
|
https://twitter.com/lukeisamazing/status/1356687349867024389
|
|
#
?
Feb 3, 2021 11:18
|
|
|
So what's goon opinion of PLTR like long term? From what I've seen they're arguably the best at what they do but very expensive. Do any of you see them managing to get any government contracts in the future?
|
|
#
?
Feb 3, 2021 11:23
|
|
|
 If it had AMC it would have been the holy grail of buying meme stocks at the height.
|
|
#
?
Feb 3, 2021 12:24
|
|
|
Ragnar Gunvald posted:So what's goon opinion of PLTR like long term? They're named after an arcane artifact from Middle-Earth. Excellent buy.
|
|
#
?
Feb 3, 2021 12:51
|
|
|
don't doxx me Responding to yesterday's SPCE talk, I got in and cashed out and got back in at a relatively reasonable point, but I'm (within reason) in it for the long haul as well. I have a bit of a soft spot for space tourism and commercial space travel, as silly as that is. Also God bless Elon for blowing up his dumb rocket
|
|
#
?
Feb 3, 2021 13:27
|
|
|
Picked up 200 NDRA @2.13. Thanks for the heads up.
|
|
#
?
Feb 3, 2021 13:53
|
|
|
tangy yet delightful posted:Doubled since this post in August, I really shouldn't look back and just own myself like this. In the REIT world I still like CDR and UBA but no one gives a poo poo in the feeding frenzy times of meme stocks and SPACs
|
|
#
?
Feb 3, 2021 14:13
|
|
|
Eh, why not. I'll pick up some NDRA at the open.
|
|
#
?
Feb 3, 2021 14:17
|
|
|
I'm getting in on this NDRA train, probably came in a bit high at $2.18. but
|
|
#
?
Feb 3, 2021 14:23
|
|
|
I'm picking up a few NDRA shares, but I am NOT buying a billboard.
|
|
#
?
Feb 3, 2021 14:26
|
|
|
I am guessing today is make or break for reddit with GME. It either pushes the roof or it crashes down to sub $50.
|
|
#
?
Feb 3, 2021 14:27
|
|
|
|
| # ? Jun 8, 2024 01:47 |
|
|
Ragnar Gunvald posted:So what's goon opinion of PLTR like long term? I have a friend who used their tools extensively while in the military and is very bullish on them just from that, but they also have the stink of Trumpian border patrol contracts and recent meme-stock status, so
|
|
#
?
Feb 3, 2021 14:27
|
|