Just curious, are any of you invested in Amazon stock? If so, what is your price average?
$1924.69
Just curious, are any of you invested in Amazon stock? If so, what is your price average?
It’s such a volatile stock. I mean I just average down but I’m bummed I did a lot of buying in the $19-$22 range. My average is $18.94.Perfect timing. I managed to pick up a bunch of ipoe shares under 15 bucks 5 minutes before it shot up 9 percent.
$1924.69
Right. You can't contribute more than the max. You can still contribute to 2020 by 5/17 I believe so you can put 6k now towards 2020 if you didn't yet.Dumb question, but maybe one of you can provide a quick 1-2 sentences to clarify it so I don't have to read a whole article.
I just opened up a Roth IRA. To my understanding, I'm only allowed to contribute $6,000 into it per tax year. If I put in $6,000 for tax year 2021, and I use all of that to buy shares of McDonalds, but then I still want to buy another $1000 worth of McDonalds shares during tax year 2021, I would have to purchase the extra $1000 worth of McDonalds shares in a separate brokerage account, right? (Either by starting a separate non-IRA account in Fidelity or by just going with one of the other players in the field, right?)?
If I wanted to purchase McDonalds again in my Roth IRA, I would have to wait until tax year 2022 when I would then be adding another $6,000 into my Roth IRA, right?
It’s such a volatile stock. I mean I just average down but I’m bummed I did a lot of buying in the $19-$22 range. My average is $18.94.
Right. You can't contribute more than the max. You can still contribute to 2020 by 5/17 I believe so you can put 6k now towards 2020 if you didn't yet.
At least there’s a solid date for the merger to complete on 6/1 it will trade under the new name.yep...same-ish...and now I have to pretend to be “excited” if/when it runs back up between $18-19 lol
Do you have a lot of shares at that price? Other than a steep dip, is there anything that would cause you to buy more even at its current price?
Yes you can and it's suggested you do because it lowers your taxable income so youl likely get more money back or pay less taxes.Thank You. Another city follow-up question:
If I contributed up to $6,000 before the May 17th deadline for 2020 contributions, would I have to redo my 2020 taxes? I hope the answer is no, but where can I find a clear and accurate answer to this?
Thank You. Another city follow-up question:
If I contributed up to $6,000 before the May 17th deadline for 2020 contributions, would I have to redo my 2020 taxes? I hope the answer is no, but where can I find a clear and accurate answer to this?
Just got the email to vote for the SoFi merger.