I envy you guys that play in individual stocks. I’ve just never had a huge interest in it. Moreover, I just suck at it. I’ve been better at betting on myself (my business) vs betting with stocks in the market. [Reply]
Originally Posted by Buehler445:
If you're trying to go to school and fall asshole over elbows into 60 large, bank the 60 large, keep your job and go to school.
You can’t go to school and work 55 hours a week. [Reply]
Originally Posted by Nightfyre:
Why bother with stocks just go all in on super high call options. If you're going to gamble on stocks you may as well either come out broke or a millionaire.
Because you tend to lose economic value on long OTM calls. [Reply]
Originally Posted by ChiTown:
I envy you guys that play in individual stocks. I’ve just never had a huge interest in it. Moreover, I just suck at it. I’ve been better at betting on myself (my business) vs betting with stocks in the market.
While I can see why it might be interesting, I'm pretty skeptical that many around here will beat the market in the long run. [Reply]
I’m only able to put roughly $2,800 in my Roth IRA for my yearly contribution. Would my dividend returns from my stocks in my Roth technically count as money towards that $5,500? [Reply]
Originally Posted by RunKC:
I’m only able to put roughly $2,800 in my Roth IRA for my yearly contribution. Would my dividend returns from my stocks in my Roth technically count as money towards that $5,500?
Nope. The only thing that counts toward the cap are contributions made from outside the account. [Reply]
Originally Posted by RunKC:
I’m only able to put roughly $2,800 in my Roth IRA for my yearly contribution. Would my dividend returns from my stocks in my Roth technically count as money towards that $5,500?
Originally Posted by RunKC:
I’m only able to put roughly $2,800 in my Roth IRA for my yearly contribution. Would my dividend returns from my stocks in my Roth technically count as money towards that $5,500?
No.
I agree with Nightfyre. If I wanna take a YOLO shot on a single company I'm doing it with an option not throwing 100% of my money in the stock. I'm not saying either are great ideas but with an option you've only put the premium at risk instead of your entire account. Plus you get leverage in case it works out.
Supreme court overturned the ruling that protected online retailers from collecting tax. Pretty big deal. Is there even any sort of cloud tax service that a retailer making 200k in sales a year could use to continue their business? I'd imagine Amazon and Shopify could provide this for 3rd party merchants?
edit: way late on the no. Started typing this and pesky work got in the way! :-) [Reply]
Originally Posted by RunKC:
Welp I’m fucked. Not really sustainable to put $450 in that account every month
There's nothing wrong with using a Roth but not maxing it out. Obviously it's a slower rate of savings, and it's ideal to max it out, but anything is better than nothing. [Reply]
