Stock Market/Investing/Day Trading/Speculative Trading Thread

[BingoDingo]

@Jim14510 I need to know the tax implications of this rollover.

A ‘significant objection’ to 529 college savings plans will go away Jan. 1. ‘This is a big deal,’ expert says

Starting in 2024, savers can roll unused money from a 529 plan over to a Roth individual retirement account free of income tax or tax penalties.

www.cnbc.com

 

[Jim14510]

@Jim14510 I need to know the tax implications of this rollover.

A ‘significant objection’ to 529 college savings plans will go away Jan. 1. ‘This is a big deal,’ expert says

Starting in 2024, savers can roll unused money from a 529 plan over to a Roth individual retirement account free of income tax or tax penalties.

www.cnbc.com

Account open for 15 years
Contributed money at least 5 years ago.
Limited to roth contribution limit and 35k lifetime
Unclear on how long earnings have to be in account
No income limit

Would more than likely be taxable on state return if deducted there.

 

[LoudHogRider]

The pre-market seems very upset by today's jobs numbers. Looks like we'll have to wait to get a rate dip from the Fed as employment remains strong.

Sometimes its hard to comprehend how good news is really bad news for stocks. Weird.

 

[Pepe Silvia]

The pre-market seems very upset by today's jobs numbers. Looks like we'll have to wait to get a rate dip from the Fed as employment remains strong.

Sometimes its hard to comprehend how good news is really bad news for stocks. Weird.

The market is pricing in 6 rate cuts this year. We won't get anything close to that.

 

[LoudHogRider]

The market is pricing in 6 rate cuts this year. We won't get anything close to that.

And we sure as shit aren't getting one at the March Fed meeting.

 

[BingoDingo]

And we sure as shit aren't getting one at the March Fed meeting.

I wouldn't be shocked if we don't get cuts until Q3.

 

[Pepe Silvia]

And we sure as shit aren't getting one at the March Fed meeting.

nope. it will be may at the earliest and between now and then there's plenty of opportunity for inflation to come back up. oil prices are still about as low as they can get and the last couple months of low CPI also included a healthcare adjustment that will be changing to the upside

of course the other side of this that no one seems to be willing to talk about is that historically, a lot of rate cuts like some have been projecting means the Fed over-tightened and we're in recession. going back and looking at the past cycles of rate hikes, the stock market always has it's biggest drops once the cuts start

 

[Pepe Silvia]

 

[skersker]

not to defend anyone but if you bought nvidia early 2023 it was very very very hard to not grossly outpeform.

having said that, these fucks shouldnt be allowed to trade options and shit like that

 

[skersker]

the stock market always has it's biggest drops once the cuts start

correct - it should be really interesting

 

[God is a Husker]

 

[Faux Sean Callahan]

Anybody run across these?

Innovator ETFs

Innovator offers investors a full range of Defined Outcome ETFs on equity markets around the world. Advisors can create a globally-allocated equity portfolio with built-in buffers.

www.innovatoretfs.com

 

[Faux Sean Callahan]

Looking at buying 2 very different companies...

1. $Crox - Low P/E, Usually beats earnings, High ROE, etc... con in my eyes is a healthy amount of debt. LTD to Equity is 168%

Hammered the table at $85/share around this post... Had a small position and thought 85 was too cheap.

 

[God is a Husker]

View attachment 32253

Hammered the table at $85/share around this post... Had a small position and thought 85 was too cheap.

same, except it was $50 and a great deal on Amazon for a Black pair of Crocs

😎

 

[Faux Sean Callahan]

 

[BingoDingo]

Would probably be his greatest achievement. If he can somehow take out CenturyLink before his term ends, he should go on Rushmore, imo.

 

[BingoDingo]

Was thinking the same thing


Everybody (even space troll Elon) doggy piling on Netflix but no other streaming service has the name recognition and history of success.



Might sprinkle some on the dip and trust them to eventually figure their shit out.

 

[BingoDingo]

Got damn!

 

[Faux Sean Callahan]

Ya I think it is time to raise some cash....

 

[cwessel76]

Ya I think it is time to raise some cash....

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