Boiler Room: The Official Stock Market Discussion

[88m3]

Can being kicked.

scary.

the amount of money that gets thrown around coming out China seems unreal to me like they're just numbers with nothing behind them especially in watching real estate deals in NY


I can only imagine what goes on in China internally.

 

[无名的]

I dropped the ball ignoring the time to get into GRPN and it doubled... now is looking like a good time to short.

 

[lightbearerchef]

just ended i see it at 400,000 now



I think in two years when I cash $twtr stock and my Jan 2018 options in that I may just retire to an extent...

I wanna learn, where do I start?

 

[Perfectson]

Can anyone School me on Roth IRAs or is this not the thread

what do you want to know?

gist of it is it's an account you setup, where you can contribute post-tax dollars (usually for retirement) up to a limit (depending on income/age bracket). Since it's for retirement, you expect to leave the money in their until you're at retirement and then start pulling your investment/money out "tax free" since you were already taxed once on the contributions.

 

[Perfectson]

I still need to learn this part of the game

dont listen to some guy on the internet 1st of all.

don't play with options unless you're prepared to lose your shirt

the twitter story is still about monetization and if they can't monetize the product is a stagnant one and the valuation won't hit the number you need. stagnation, slow top line growth, and negative earnings and jan 2017 options breakeven is about 22.5, which it can totally hit but there's another earnings date coming up and enough time and sentiment to drive twitter down and you can easily lose all your investment

 

[Perfectson]

currently in

Aapl
BBRy
TVIA
DANG

building positions in preferred
C_K
GS_D

and stalking a few others, hoping to get a 7% return

 

[Apollo Creed]

what do you want to know?

gist of it is it's an account you setup, where you can contribute post-tax dollars (usually for retirement) up to a limit (depending on income/age bracket). Since it's for retirement, you expect to leave the money in their until you're at retirement and then start pulling your investment/money out "tax free" since you were already taxed once on the contributions.

I want to pretty much "set it and forget it" like a 401k where I just have an amount auto deposit into an account. Do they have pre set funds like how 401k accounts do where you can pick the risk based on your age and call it a day? Or does it depend on the firm? I`m gonna set mine up with Schwab.

 

[Perfectson]

I want to pretty much "set it and forget it" like a 401k where I just have an amount auto deposit into an account. Do they have pre set funds like how 401k accounts do where you can pick the risk based on your age and call it a day? Or does it depend on the firm? I`m gonna set mine up with Schwab.

you can invest pretty much anything into a roth ira but you need to meet the qualifications

To utilize a Roth IRA your income must be under a specific level set by the IRS. Which level applies to you depends on your marital status. Your income must also be from work you performed rather than investment or rental income. The specific limits below are based on modified adjusted gross income.

Here are the basic guidelines for 2015 Roth Income Limits:

• Single or head of household: you must earn less than $116,000 to fully contribute to a Roth IRA
• Married filing jointly or a qualified widow(er): you must earn less than $183,000 to fully contribute to a Roth IRA
• Married filing separately: you must earn less than $10,000 to fully contribute to a Roth IRA. (Note: Married filing separately can use the limits for single people if they have not lived with their spouse in the past year).

Roth IRA Eligibility Requirements: See If You Qualify | RothIRA.com

make sure you understand that and also your maximum contribution is $5,500 ( i think it's $6,000 for 2016 tax) anything above that and you will need to reclassify the contribution or face a future audit/fine.


but it's really a self-service account, you can invest stocks, mutual funds etf, bonds, etc etc in it. If you want to set it and forget it, i'd pick a mutual fund you're comfortable with and set your DRIPS on thats it. There's alot of strategy retirement mutual funds that basically do all the allocations for you (aggressive when young and less agressive as you age).

 

[Apollo Creed]

you can invest pretty much anything into a roth ira but you need to meet the qualifications

Roth IRA Eligibility Requirements: See If You Qualify | RothIRA.com

make sure you understand that and also your maximum contribution is $5,500 ( i think it's $6,000 for 2016 tax) anything above that and you will need to reclassify the contribution or face a future audit/fine.


but it's really a self-service account, you can invest stocks, mutual funds etf, bonds, etc etc in it. If you want to set it and forget it, i'd pick a mutual fund you're comfortable with and set your DRIPS on thats it. There's alot of strategy retirement mutual funds that basically do all the allocations for you (aggressive when young and less agressive as you age).

What does DRIPS mean? Do you feel Roth IRAs are worth the effort? I`m probably gonna be over the income limit in the next few yrs to even contribute to it honestly, so I`m I`m thinking again unless they there is some way to finesses it if you have your own business.

 

[Perfectson]

What does DRIPS mean? Do you feel Roth IRAs are worth the effort? I`m probably gonna be over the income limit in the next few yrs to even contribute to it honestly, so I`m I`m thinking again unless they there is some way to finesses it if you have your own business.

drips is basically automatic dividend reinvestment, so if you are in a mutual fund the dividends are reinvested back into the fund athe current purchase price (set it and forget it).

roth ira's are worth it as a way to diversify your holdings and taxes

 

[Apollo Creed]

drips is basically automatic dividend reinvestment, so if you are in a mutual fund the dividends are reinvested back into the fund athe current purchase price (set it and forget it).

roth ira's are worth it as a way to diversify your holdings and taxes

Is it advised I check in with a Financial Advisor or something? I`m probably just gonna drop in 4 or 5k a yr. I can set up the account online but want to be sure I do things right.

 

[Perfectson]

Is it advised I check in with a Financial Advisor or something? I`m probably just gonna drop in 4 or 5k a yr. I can set up the account online but want to be sure I do things right.

yeah, if you're setting up with Schwab they will give you the lowdown. they shouldn't charge you for having an account (make sure it's a free account).

 

[Apollo Creed]

yeah, if you're setting up with Schwab they will give you the lowdown. they shouldn't charge you for having an account (make sure it's a free account).

They as in a Financial Advisor? or Customer Service? And yea its free if you have a min 100 bucks a month going in.

 

[Apollo Creed]

yeah, if you're setting up with Schwab they will give you the lowdown. they shouldn't charge you for having an account (make sure it's a free account).

They as in a Financial Advisor? or Customer Service? And yea its free if you have a min 100 bucks a month going in.

 

[Bernie Madoff]

oh lord

$twtr