Boiler Room: The Official Stock Market Discussion

[Rekkapryde]

ill probably be rolling over a 401k to fidelity next year. hows it work once its in fidelity, you can just buy whatever you want? i assumed you could just buy mutual funds

nah, just open a ROLLOVER IRA with Fidelity or any other firm and roll over your old 401k to it. In an IRA you can invest the money any way you like. 401ks are the ones that are limited. Withdrawing the MONEY from the IRA after you sell shyt and don't reinvest it is where you get hit with tax implications.

 

[Rickdogg44]

nah, just open a ROLLOVER IRA with Fidelity or any other firm and roll over your old 401k to it. In an IRA you can invest the money any way you like. 401ks are the ones that are limited. Withdrawing the MONEY from the IRA after you sell shyt and don't reinvest it is where you get hit with tax implications.

I want to get rid of my current 401k, the picks available are

I want some ARK availability

 

[K-Deini]

Sos creeping

 

[funkee]

another day to load ipoc. starting to learn to consolidate trades and put in bigger amounts into single solid-appearing trades.

 

[Rekkapryde]

I want to get rid of my current 401k, the picks available are

I want some ARK availability

might just need to setup a separate stock account and eat that way.

 

[dora_da_destroyer]

I want to get rid of my current 401k, the picks available are

I want some ARK availability

man, a 401K aint supposed to offer all this other stuff, it's supposed to be relatively "safe" retirement growth. just throw it in an index fund and be happy with the 6-15% until you move to the next job and roll it over to an IRA

 

[Rekkapryde]

man, a 401K aint supposed to offer all this other stuff, it's supposed to be relatively "safe" retirement growth. just throw it in an index fund and be happy with the 6-15% until you move to the next job and roll it over to an IRA

exactly what I did. Threw my shyt into the most aggresive index funds and it worked out for me. Since the company matched up to 6% I yolo'd since I doubted I'd lose any of "my" money since they were helping finance as well. Always made sure to max out the 401k for tax reductions (think it's like 19k a year).

I can't get into my new job's 401k for a year so I gotta take my extra savings and move into my IRA manually until October of next year when I'm eligible for the 401k.

 

[mannyrs13]

Consolidating my 401ks brehs. Had 120k sitting from my first job back in the 00s that I moved to Fidelity last week. Money cleared this morning so I'm allocating ALL DAT shyt buying more funds and stock.

200 shares of ARKF
100 of ARKQ
100 of TSLA
4 of Amazon
500 of NIO

Got a pending mutual fund order of 500 shares of FNILX (a Fidelity mutal fund that's good).

Going ham my nikka.


Still got another 158k in my 401k from my last job. Gonna scoop another 100 of Tesla, 10 amazon, and cop some more ARK and Mutual Fund shares once I get all dat bread moved. This ain't a game plehbwoi

I still don't understand the options game. Need one of yall to put a nikka up on it.

Discussing fidelity mutual funds. I looked into that one. Thought I had it but that ones zero large cap and I have zero total market. Something interesting that I noticed when looking is the number of holdings. That one has 500. The one I have fzrox has like 2400 holdings. shyt must be the @bnew of mutual funds.

Anyways I'm wondering what effect that has cuz some of my tech funds have like less than 100 holdings. Figure the ones with more are more secure but less profitable due to averaging out all the different holdings. Good to have as a safe haven but not much profit opportunities. Debating on selling out for now and taking more risk. Doubt I can reach your 90 tesla mark tho.

 

[chineebai]

AAPL to retest All time highs I bet.

 

[Serious]

Let's keep it 100 here, most people check their brokerage account more than they actually work.

Aint no way some of yall that good at multi-tasking.

 

[Mirin4rmfar]

Anyone looking at wish?

 

[Rickdogg44]

Let's keep it 100 here, most people check their brokerage account more than they actually work.

Aint no way some of yall that good at multi-tasking.

I do alot of work Sunday / nights. This week had too much dumb shyt line up

now im basically done for year minus a few worthless conference calls

 

[Saysumthinfunnymike]

I didn't buy anything today. I trimmed some profits on IPOB yesterday. Yes, I can see it going higher as it gets closer to merger but when you're up over 70% on a SPAC u should probably secure some profits.

 

[Panther]

Let's keep it 100 here, most people check their brokerage account more than they actually work.

Aint no way some of yall that good at multi-tasking.

 

[Serious]

OGIG and ARKF moving