Re: Any knowledgeable investment members?
[Re: larrymopar360]
#3034947
04/19/22 09:42 AM
04/19/22 09:42 AM
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Joined: Jan 2006
Posts: 547 boston mass-moving to long isl...
massdaytona
mopar
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mopar
Joined: Jan 2006
Posts: 547
boston mass-moving to long isl...
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[quote=massdaytona] i. You have to have a large sample size to put credibility into any stories. really??? - check out what macy's owed to their various landlords... it was 10's of millions of $$$ during the pandemic... n no doubt there was many/many owners, not getting paid their rent... when u think u have it figured out... the man appears...
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Re: Any knowledgeable investment members?
[Re: crackedback]
#3034952
04/19/22 10:02 AM
04/19/22 10:02 AM
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Joined: Jan 2003
Posts: 15,469 Omaha Ne
TJP
OP
I Live Here
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OP
I Live Here
Joined: Jan 2003
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Omaha Ne
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Is it in an IRA or tax deferred pre-income tax plan now? If it is, there should be no real restriction on moving to self directed IRA. Not know what the actual investment vehicle is, same as another comment I saw early...
I'm in California, what's wrong with my truck transmission?
Way too much missing info to make any kind of suggestion. You mentioned it was in an IRA, then say it is above IRA limits. If already in an IRA, the limits that are allowed for contributions don't apply because it's a transfer.
No, it is not in or from an IRA, the $$ are taxed money from a CD that was about to roll over. I closed it out and have the funds sitting in an account trying to figure out where to put them for the next 3-5 years. Hoping by then things will have stabilized a bit more. The confusion may have come in when I mentioned there were other accounts. but I am not concerned with those at this time BTW the amount? 100k+/ - And to reiterate we are not gamblers when it comes to investing.
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Re: Any knowledgeable investment members?
[Re: TJP]
#3035019
04/19/22 12:42 PM
04/19/22 12:42 PM
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Joined: Feb 2015
Posts: 2,080 CA
crackedback
top fuel
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top fuel
Joined: Feb 2015
Posts: 2,080
CA
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That cleared it up a lot with the source of funds.
Non IRA and out of rolled CD's you should have been reporting interest income during the CD life. Nothing to worry about from that angle
Risk free means treasury bills or similar.
Nothing to do other than an approach on what you decide.
There are a lot of things you can do with 100K to get a better return with low risk. 3% on that is $250/month.
Last edited by crackedback; 04/19/22 12:56 PM.
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Re: Any knowledgeable investment members?
[Re: Mastershake340]
#3035047
04/19/22 01:51 PM
04/19/22 01:51 PM
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Joined: Feb 2015
Posts: 2,080 CA
crackedback
top fuel
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top fuel
Joined: Feb 2015
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CA
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If your T bills are paying 2% and inflation is 10% you are losing 8% a year. And that doesn't even take into account taxes. So T bills are not risk free. That's not from the investment standpoint of other investment vehicles. Risk free only means principal you put in 100K is what you get out, 100K, sans all other factors. Or risk free "rate of return" Yes you are losing out on the inflation front.
Last edited by crackedback; 04/19/22 02:01 PM.
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Re: Any knowledgeable investment members?
[Re: Mastershake340]
#3035311
04/20/22 11:24 AM
04/20/22 11:24 AM
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Joined: Feb 2014
Posts: 1,710 central il.
second 70
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central il.
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If your T bills are paying 2% and inflation is 10% you are losing 8% a year. And that doesn't even take into account taxes. So T bills are not risk free. That's where I bills come in to play. The problem is you're limited to $10K per person a year. You can do an additional $5,000 If it comes directly out of your tax return. Current interest rate is 0 plus the CPI twice a year. Current guess for May is over 9% which is 4.5 per 6 months. If you were lucky enough to have bought a few years ago the fixed rate was 3 and you would get 12%. If inflation goes to 0 you get 0 never negative. So if a CPI is 1 it works out to 2%. Must keep a year for full rate and if sold under 5 years you lose 3 months.
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Re: Any knowledgeable investment members?
[Re: second 70]
#3035322
04/20/22 12:20 PM
04/20/22 12:20 PM
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Joined: Jan 2006
Posts: 547 boston mass-moving to long isl...
massdaytona
mopar
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mopar
Joined: Jan 2006
Posts: 547
boston mass-moving to long isl...
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If your T bills are paying 2% and inflation is 10% you are losing 8% a year. And that doesn't even take into account taxes. So T bills are not risk free. That's where I bills come in to play. The problem is you're limited to $10K per person a year. You can do an additional $5,000 If it comes directly out of your tax return. Current interest rate is 0 plus the CPI twice a year. Current guess for May is over 9% which is 4.5 per 6 months. If you were lucky enough to have bought a few years ago the fixed rate was 3 and you would get 12%. If inflation goes to 0 you get 0 never negative. So if a CPI is 1 it works out to 2%. Must keep a year for full rate and if sold under 5 years you lose 3 months. never heard of an i-bill.... who is the guarantor ??
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Re: Any knowledgeable investment members?
[Re: Mastershake340]
#3035355
04/20/22 02:20 PM
04/20/22 02:20 PM
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Joined: Nov 2004
Posts: 16,513 On the run…
BloFish
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I Live Here
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On the run…
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I Bond current rate is 0?
It really doesn't matter whether you win or lose… as long as you look good doing it!
‘65 A100 ‘69 ‘Cuda ‘73 Vega GT ‘06 Mega Cab ‘14 Mercedes SLK
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Re: Any knowledgeable investment members?
[Re: BloFish]
#3035374
04/20/22 03:40 PM
04/20/22 03:40 PM
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Joined: Feb 2014
Posts: 1,710 central il.
second 70
top fuel
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top fuel
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central il.
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I Bond current rate is 0? Yes . That is the fixed rate of current issue. So you can never get less than 0. They pay fixed rate of 0 plus the CPI twice a year. So if CPI is 4.5 you get 0 plus 4.5 for 6 months and if it's still 4.5 in 6 months you get another 4.5 which makes it a 9% bond. If it goes to 0 you'd still get the 4.5% for this year. If there is no inflation for 12 months your return is 0.
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Re: Any knowledgeable investment members?
[Re: massdaytona]
#3035507
04/21/22 12:15 AM
04/21/22 12:15 AM
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Joined: Feb 2003
Posts: 10,222 Someplace you aren't
SomeCarGuy
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I Live Here
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Posts: 10,222
Someplace you aren't
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Run fast from the annuity man. Better yet drive.
You can set up with the treasury and do the i bond thing. I’ve got some and the rate should raise again next month. It’s set twice a year. You and your wife can get 10k each and the other 5k if via a tax return.
With 100k, you get 500 bucks at Schwab for opening an account. You just need a referral code from somebody that uses them. That person doesn’t get anything. Only you do.
You could look at a dividend fund like SCHD or VIG. Those invest in companies that pay rising dividends. If you want to do real estate, skip the hassles(I was a landlord) and go with a reit. Best in an ira as the income is taxed as ordinary, unless you qualify for a special deal that was in the trump tax cuts.
Other than that, remember that people claiming to know the direction of things are generally wrong. Especially true of anybody hawking investments. The one method that works out is staying invested. Timing in and out is a losing deal.
I want my fair share
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Re: Any knowledgeable investment members?
[Re: SomeCarGuy]
#3035616
04/21/22 08:04 AM
04/21/22 08:04 AM
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Joined: Feb 2022
Posts: 1,237 Nor here, Nor there
Dart 500
pro stock
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pro stock
Joined: Feb 2022
Posts: 1,237
Nor here, Nor there
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Timing in and out is a losing deal. What a ridiculous statement. I jumped in with both feet in March 2020 during the crash and saw almost everything pump 45-50%. My Ford stock went from $7.00 to $22.00 or something alone. I just wish I sold it at that, when they are volatile, you also be volatile
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Re: Any knowledgeable investment members?
[Re: Dart 500]
#3035618
04/21/22 08:13 AM
04/21/22 08:13 AM
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Joined: May 2019
Posts: 6,299 nowhere
Sniper
master
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master
Joined: May 2019
Posts: 6,299
nowhere
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Timing in and out is a losing deal. What a ridiculous statement. I jumped in with both feet in March 2020 during the crash and saw almost everything pump 45-50%. My Ford stock went from $7.00 to $22.00 or something alone. I just wish I sold it at that, when they are volatile, you also be volatile Problem with this game plan, and you alluded to it, is timing. Marketwatch has an online "game" where you invest money into the market, everything is real but the money you use. It's supposed to be a training type thing. One thing I learned is that if you are going to play the volatile timing game you had better be in front of the computer ready to trade when ever the market is open. I have a real job that pays real money that doesn't allow me to sit in front of the computer ready to trade. So while I generally make a few bucks over all I don't see big gains because I cannot hit the timing. Heck, I've lost money even being in front of the computer because I wanted a little bit more and the bottom fell out, lol. As the song goes, you got to know when to hold them, know when to fold them, know when to walk away and know when to run. Learning that is the toughest part of playing the volatile market game and exactly why I am still playing on Marketwatch and not in the game for real.
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Re: Any knowledgeable investment members?
[Re: Sniper]
#3035622
04/21/22 08:45 AM
04/21/22 08:45 AM
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Joined: Feb 2022
Posts: 1,237 Nor here, Nor there
Dart 500
pro stock
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pro stock
Joined: Feb 2022
Posts: 1,237
Nor here, Nor there
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Timing in and out is a losing deal. What a ridiculous statement. I jumped in with both feet in March 2020 during the crash and saw almost everything pump 45-50%. My Ford stock went from $7.00 to $22.00 or something alone. I just wish I sold it at that, when they are volatile, you also be volatile Problem with this game plan, and you alluded to it, is timing. Marketwatch has an online "game" where you invest money into the market, everything is real but the money you use. It's supposed to be a training type thing. One thing I learned is that if you are going to play the volatile timing game you had better be in front of the computer ready to trade when ever the market is open. I have a real job that pays real money that doesn't allow me to sit in front of the computer ready to trade. So while I generally make a few bucks over all I don't see big gains because I cannot hit the timing. Heck, I've lost money even being in front of the computer because I wanted a little bit more and the bottom fell out, lol. As the song goes, you got to know when to hold them, know when to fold them, know when to walk away and know when to run. Learning that is the toughest part of playing the volatile market game and exactly why I am still playing on Marketwatch and not in the game for real. There are blue chip stocks you can just leave your money in, the banks, phone service, life insurance (just sold that one, somehow it held out when everything else was red but I only made $2500 off my $4000 investment in 2 years, which is pretty sad) I moved to the high stakes table.
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Re: Any knowledgeable investment members?
[Re: Sniper]
#3035623
04/21/22 08:47 AM
04/21/22 08:47 AM
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Joined: Feb 2003
Posts: 8,690
Andrewh
master
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master
Joined: Feb 2003
Posts: 8,690
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Timing in and out is a losing deal. What a ridiculous statement. I jumped in with both feet in March 2020 during the crash and saw almost everything pump 45-50%. My Ford stock went from $7.00 to $22.00 or something alone. I just wish I sold it at that, when they are volatile, you also be volatile Problem with this game plan, and you alluded to it, is timing. Marketwatch has an online "game" where you invest money into the market, everything is real but the money you use. It's supposed to be a training type thing. One thing I learned is that if you are going to play the volatile timing game you had better be in front of the computer ready to trade when ever the market is open. I have a real job that pays real money that doesn't allow me to sit in front of the computer ready to trade. So while I generally make a few bucks over all I don't see big gains because I cannot hit the timing. Heck, I've lost money even being in front of the computer because I wanted a little bit more and the bottom fell out, lol. As the song goes, you got to know when to hold them, know when to fold them, know when to walk away and know when to run. Learning that is the toughest part of playing the volatile market game and exactly why I am still playing on Marketwatch and not in the game for real. that is always the problem. I look at bitcoin to remind me what an idiot I might be. I didn't put in 20 bucks of bitcoin when it was less than a penny per coin. I mean like a fraction of a cent. but if I had, would I have even held on to it after it jumped to 100 bucks a coin? how back would I be kicking myself when it hit 60k per if I had sold it back at 100, or even at a thousand per? and I use game stop to remind me not to be greedy. after it hit 400, I decided to play a few bucks when it dropped back down to 200. managed to get out with a profit, but was sweating when it went back down to nearly 100. lol.
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