Boiler Room: The Official Stock Market Discussion

[the cac mamba]

Quick question for ya cuz ya some geniuses up in here. 250 a month on a 401k is Gucci? How much is that in about 20 years?

I heard some of ya talking about a m1 account. Should I be looking into that on top of the 401k?

for this job The company contributes 58.34% for each $1 the employee contributes up to 6% of regular base.

id contribute 6 percent, but then max out a roth IRA before you go to 7 or higher

also see if the 401k lets you decide what you invest it, mine was set to some bullshyt target date fund but i was able to change it to an index fund

 

[T.H.E.GOD]

id contribute 6 percent, but then max out a roth IRA before you go to 7 or higher

also see if the 401k lets you decide what you invest it, mine was set to some bullshyt target date fund but i was able to change it to an index fund

you lost me with maxing out a Roth ira before going 7 or higher. How would I do that? I’m new to all this investment shyt so pardon me. I will read up on what options I may have. Index fund is the way to to? So regardless, what we looking at contributing 250 monthly to some shyt like that for 20 years?

 

[Serious]

Yeah he intentionally crashed the market

 

[the cac mamba]

you lost me with maxing out a Roth ira before going 7 or higher. How would I do that? I’m new to all this investment shyt so pardon me. I will read up on what options I may have. Index fund is the way to to? So regardless, what we looking at contributing 250 monthly to some shyt like that for 20 years?

if you put in 250 a month for 20 years and the market returns 7 percent youll have 130k

wouldnt worry about the roth shyt, just start with contributing the 6 percent

 

[Serious]

A lot of people don’t have the same safety net and are casual investors. Of course that stuff bothers them.

If you can't take the heat then get out the kitchen.

Stick to SPY, if you can't play with the big boys

 

[T.H.E.GOD]

if you put in 250 a month for 20 years and the market returns 7 percent youll have 130k

wouldnt worry about the roth shyt, just start with contributing the 6 percent

I could make that in 3 months fukking with ya on this. Lol. Why the hell is it called 401k? I gotta put 50% of my check?

 

[old pig]

...youll have 130k

Why the hell is it called 401k?

priceless

 

[FreshFromATL]

Gonna keep my eyes on 2021-2023 XLK, XLY, ARKW, and QQQ calls. Those joints gonna print money.

 

[Saysumthinfunnymike]

If Biden wins he gets inaugurated January 20. Even if COVID relief is one of the first thing he gets passed and signs. When do you think people will start seeing checks? shyt can easily be March. And if GOP keeps the senate it can be longer if theirs bickering

I'm just talking in terms of markets. I think if Biden wins then he'll probably carry the Dems across the finish line in the Senate also. You can expects checks by March but with the markets I wouldn't be surprised if money gets in by November/December in anticipation of a deal in January. Remember they are always ahead.

 

[Serious]

ARK bought the motherfukking dip
Copped over 1 million shares, almost a whole 1%,
They bought some yesterday as well as a couple times last week....
IPOB got next
edit:
Just caught something...
Changing of the guard, we saw this with PACB / ILMN

Notice how ARK sold Z(zillow) while copping IPOB....

I was looking up TWST, they're in the top 5 of ARKG. I had no idea TWST was trading at $30 back in June, its at 80+ now, yet they still think it's a solid buy at that price.
I gotta look more into this company.

 

[Saysumthinfunnymike]

So IPOB is a SPAC? Let's talk about it.. $10 is the floor. What is it that they are merging with?

 

[T.H.E.GOD]

ARK bought the motherfukking dip
Copped over 1 million shares, almost a whole 1%,
They bought some yesterday as well as a couple times last week....
IPOB got next
edit:
Just caught something...
Changing of the guard, we saw this with PACB / ILMN

Notice how ARK sold Z(zillow) while copping IPOB....

I was looking up TWST, they're in the top 5 of ARKG. I had no idea TWST was trading at $30 back in June, its at 80+ now, yet they still think it's a solid buy at that price.
I gotta look more into this company.

wait. Ark that’s at 26 cents? That’s the move right now??

 

[old pig]

damn...what platform is this?

 

[Serious]

So ark just bout more IOVA, they're going be in the top of 10 of ARKG, now after ARK copped close to a million shares.

Their Balance sheet is dope. 771 million in cash to 7 million in debt.

Revenue is increasing 10+% per year.

I honestly don't have the energy to put in the research involved to maintain multiple biotech stocks. So I'm about cop more ARKG.

shyt will be 100+ in a few months.

 

[Serious]

So IPOB is a SPAC? Let's talk about it.. $10 is the floor. What is it that they are merging with?

Yeah Chamath Palihapitiya is pushing it. It's merging with opendoor.

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But I've been looking into IPOC as well. It's Clover Health. I like the premise of Clover Health, more research is needed though, before I drop a cent.