Boiler Room: The Official Stock Market Discussion

ahomeplateslugger

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Slack is a good company that innovates. Their latest features revealed at their conference is a step to making slack an all in one communication center. I bought heavy at $26 and might buy more if it gets close that that again.

Plus they have a lot of big clients. It's worth investing in.

I'm hoping MRVL drops more. I'm itching to load it up.
 

Mike_Pipeson

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T.H.E.GOD

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got cash hitting my rollover IRA in a day or two from my old 401K, closed out of UA in my trading account finally, and sold ARKK as it was getting close to my cost basis. i'm loaded up to buy back in at a lower price.

looking to get more TSLA, IGV, VOO, QQQ, and split my ARKK investment across more ETFs in their series. Definitely riding the ETF wave in my rollover account.

and i finally just got my damn 2019 tax return after filing in April :blessed:

breh, my 401k is about to start kicking in soon where I can make changes to how it’s investing my money. Any suggestions on how to juggle and let it do it’s thing? Also, I remember someone saying max out my Roth with that money it makes which i saw an option for. Any suggestions?

For the new dudes trying to get money. Pay attention to these dudes. I got in back in March still call myself new and even with shyt going down, I’m still at close to doubling my money. This is the spot to be at but just invest what you ready to lose.
 
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49ers..Braves..Celtics
Y'all don't think the overall weakness in the market will stunt Tesla's short term growth for a bit? I'm not expecting too many big moves with most large caps until after the election nonsense is ironed out and we move towards stimulus.

That said I do think it should be a good day for Tesla tomorrow. We'll see.
 

dora_da_destroyer

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breh, my 401k is about to start kicking in soon where I can make changes to how it’s investing my money. Any suggestions on how to juggle and let it do it’s thing? Also, I remember someone saying max out my Roth with that money it makes which i saw an option for. Any suggestions?

For the new dudes trying to get money. Pay attention to these dudes. I got in back in March still call myself new and even with shyt going down, I’m still at close to doubling my money. This is the spot to be at but just invest what you ready to lose.
Brehette :ufdup:

and once you log into you account, there’s usually an option to manage your investments. It’s hard to give 401k advice because they only offer a limited amount of funds - usually around 15-30 - and what funds are available depends on what provider you’re with and what package your employer chose. For a 401k, I usually do 40-50% in either a s&p index or total stock market fund, then a mix of investments for the other 50-60% with an innovation fund if available, an emerging markets fund and a small cap. But other than the s&p/total stock market, you gotta look at the prospectuses for the funds in your plan and see whats available and looks good. Don’t do a target fund, they have higher fees and rarely beat the market on a continual basis

and I’m not sure what you’re asking about the Roth. But some 401k plans are regular 401k’s (pretax deduction, you’ll pay tax on withdrawal in retirement) or a Roth 401k (after tax dollars, you’ll pay no taxes when you withdraw in retirement). Some employers let you allocate money to both as long as it doesn’t exceed the $19500 limit for all 401k contributions in a year.

there is also a Roth IRA (individual retirement account) that you can open yourself, the max contribution is 6000/yr. Im not sure if someone told you to do a Roth IRA or Roth 401k, but the usual advice is contribute whatever the amount needed is to get the max match from your employer to your 401k first
  • example, if your employer matches your contribution dollar for dollar up to 3% of your salary and you make $50k, then you should contribute $1500 and get the maximum match from your employer which is $1500 for a total of $3k in your 401k that year, pause your contributions at this point
  • Then go open an IRA and fund that as much as you can or max it, the reason for having an IRA is you still get either tax free or tax deferred growth (depending on the type of Ira) but they also provide way more investment options than a 401k, you can invest in all types of securities as opposed to the handful of mutual funds 401k’s provide access to
  • If you max your IRA for the year, then turn on your 401k contributions again and contribute as much as you can for the rest of the year
If you’re 6 figures 6 certs, then the above doesn’t matter because you’re maxing out your 401k @ $19500 a yr and maxing out your IRA :banderas:
 

funkee

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eh, nice waking up to green rather than so much damn red. i added 2k to my m1 yesterday when everything was so red, eating well off it so far

EDIT: SPAQ is still being a bytch
 

Scholar

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I saw everything I needed to see months ago.

I saw everything I needed to see this am with the beta. I'm not waiting for dips, I'm not timing shyt. I'm buying more shares right now. Maxing out


I'm looking back at this post in five years to see if this was the smartest or dumbest thing I've ever done
 

the cac mamba

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I saw everything I needed to see months ago.

I saw everything I needed to see this am with the beta. I'm not waiting for dips, I'm not timing shyt. I'm buying more shares right now. Maxing out
im giving it two more weeks , i have a hard time believe we go up in a straight line through this awful election
 
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