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SPY is your guy
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Apr 30, 2021 17:10
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Infinite Karma posted:SPY and VOO are the most popular S&P 500 index funds, they very closely track the underlying index. So that would be the ETF's then on robinhood?
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Apr 30, 2021 17:17
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Infinite Karma posted:SPY and VOO are the most popular S&P 500 index funds, they very closely track the underlying index. VOO is like half my portfolio, so, well. Yeah.
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Apr 30, 2021 17:17
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Get you someone that hugs you like NQ hugs 13900.
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Apr 30, 2021 17:19
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Kilazar posted:So that would be the ETF's then on robinhood? Yes SPY and VOO are the ticker symbols on all the major exchanges.
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Apr 30, 2021 17:22
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Thanks! So with spy and voo, dump whatever gains I get in and try not to look at it at all for a couple years then is what my plan is. That way whatever price I buy at each week/day/time doesn't matter in the long run right?
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Apr 30, 2021 17:33
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Ola posted:Get you someone that hugs you like NQ hugs 13900. Jinx!
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Apr 30, 2021 17:38
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Yeah buying SPY or VOO long term is pretty much the same as buying a S&P 500 index mutual fund. VOO is in fact the ETF version of vanguard's S&P 500 fund
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Apr 30, 2021 17:39
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Kilazar posted:Thanks! Well, are you doing both or just one? If you stick with one, it'll grow faster, what with reinvesting. Just make sure DRIP is on, and see if you can set up a recurring monthly buy. VOO is cheaper and has lower fees, so that might an easier starting point. So, maybe plan to buy like 3 shares now, then a share a month of VOO, for example. Or, whatever your budget allows. I'm not sure what kind of account you're using (Roth IRA, IRA, 401k, standard portfolio), but yeah, buy it and forget it; your strategy as you get older may dictate that you purchase less of this ETF and more in bonds or what have you, or hey, you can keep it going as a source of dividend income later in life, if you go hog wild. (Edit: If, 30 years from now, you have at least $50-75k in VOO, you can turn off DRIP, and collect a few grand in dividends a year. You can look to diversify your portfolio with other dividend stocks that pump out even better - look up the dividend aristocrats or even REITs.) Red fucked around with this message at 17:50 on Apr 30, 2021 |
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Apr 30, 2021 17:40
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Just a robinhood account lol. And it lets me buy partial shares. So anytime I come up with a profit going forward after the initial buy, I was just going to send it that way. Note. Not talking about my 401k account, that is managed by my employer account with vanguard and I don't get to do things with it other thannset target dates and aggressiveness.
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Apr 30, 2021 17:48
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I'm green so far for the day. Everything is red except for loving Build a Bear. Hoping I pocket that sweet $10 at the end of the day.
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Apr 30, 2021 17:52
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Kilazar posted:Just a robinhood account lol. And it lets me buy partial shares. So anytime I come up with a profit going forward after the initial buy, I was just going to send it that way. Good for you! Make sure you have an IRA set up, too. If you qualify (i.e., don't make too much), get your rear end a Roth IRA. "What's a Roth IRA?" Answer: https://www.nerdwallet.com/article/investing/what-is-a-roth-ira "Why should I have one? I have a 401k and cool meme stocks! I'm getting my grandma's house and MY GIRLFRIEND's family is rich." Answer: It's a tax-free treasure chest. All your gains can't be touched by the man. Max it out every year; it should be your priority in terms of investing. Even if it's not, you should, at the very least, have one set up with something that will grow, and it acts as a net to catch your 401k if/when you leave your job, and don't want to have like 6 or 7 401k accounts floating around.
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Apr 30, 2021 17:57
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Kilazar posted:So anytime I come up with a profit going forward after the initial buy, I was just going to send it that way. Come up with a profit from where?
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Apr 30, 2021 18:22
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Red posted:Good for you! Make sure you have an IRA set up, too. If you qualify (i.e., don't make too much), get your rear end a Roth IRA. Should I be withdrawing my gains and putting them in a roth instead of directly investing spy on robinhood? Or keep on my spy gain investment in RH and add another investment path to my portfolio that is the roth? Flowers for QAnon posted:Come up with a profit from where? The stocks and coins crypto that I have been managing to come out ahead on with weekly ish trades/sales. Been riding the NDRA and doge highs and lows and coming out pretty good. But I don't want to keep gambling with ever increasing amounts lol. Kilazar fucked around with this message at 18:26 on Apr 30, 2021 |
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Apr 30, 2021 18:22
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Red posted:
This assumes the 401ks are roths, otherwise there could be a hefty tax burden. Additionally, you need to be able to “afford” to lose your liquidity.
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Apr 30, 2021 18:26
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why the number go down biden you gotta fix it fix it
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Apr 30, 2021 18:27
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Kilazar posted:Should I be withdrawing my gains and putting them in a roth instead of directly investing spy on robinhood? Or keep on my spy gain investment in RH and add another investment path to my portfolio that is the roth? 1. Go to the Long Term investing thread here: https://forums.somethingawful.com/showthread.php?threadid=2892928; read the OP, and then ask lots of questions (don't be shy!) 2. Think of Robinhood as a fun gambling account. Your 401k, savings account (you know, save up 3-12 months of income; how many months' is up to your needs/lifestyle), Roth IRA, and general stock or mutual fund investments might be better off through a better brokerage firm. Lots of folks here like Fidelity for most things, but I like Vanguard for long term stuff. I personally wouldn't really rely on Robinhood, given how they make money on your 'free' account, and their clearinghouse issues. 3. My suggestion would be to perhaps build up your Roth IRA first (and soon! your 2020 contribution window ends in ~2 weeks!) with investment choices, and reinvesting within that account will help it grow as long as you max it every year. If you have, say, VOO in an IRA or Roth IRA, good; you can have SPY in your stock portfolio, too - all should be set up to reinvest.
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Apr 30, 2021 18:29
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Hey - just to reach out to you guys directly since this is one of the faster-moving threads in BFC: Could you provide your feedback? In particular, I want to know if you folks need an IK for this thread or if you feel like it's going fine. Feedback thread: https://forums.somethingawful.com/showthread.php?threadid=3966517
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Apr 30, 2021 18:30
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Flowers for QAnon posted:This assumes the 401ks are roths, otherwise there could be a hefty tax burden. Additionally, you need to be able to “afford” to lose your liquidity. This is true! Doing rollovers is a complex choice that affects a lot of things, so it's worth talking to someone who can help you understand if it makes sense for you.  That said, few of us will have one job our entire lives; I don't want to have to manage numerous 401k accounts. When I had the chance, I just paid the taxes on a 401k rollover into a Roth IRA, and now I don't have to worry about paying taxes on those 25-30 years from now.
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Apr 30, 2021 18:32
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I am losing money on my ZOM stacks but am making money on my RIOT short stack. To contribute, as a freshman trader, I look at the charts for NDRA, it seems like the lows are getting higher and the highs lower. I don't do 'tech analysis' but looks like it is going to break out one way or another, consolidating. FDA news will make it pop, but maybe people are getting bored with it, 376k volume so far today and I know it is a low volume stock. e; oh yeah, so I put in 1.2k but have traded like 20k worth of stock, that doesn't matter for taxes at all, only my realized gains or losses? thanks!
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Apr 30, 2021 18:37
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Deviant posted:why the number go down JPow why have you forsaken me?
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Apr 30, 2021 18:38
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You can roll a standard 401(k) into a traditional IRA with no taxes. The main disadvantage of that is if you're a high enough earner (or will be) that you'll want to do a backdoor Roth in the future, because you'll at some point have to convert your trad IRA to a roth IRA and pay the taxes when you do that. Otherwise, yes, there's different RMD and withdrawal rules, but... this is your retirement fund, not your emergency fund, so the main reason to care about that is if you're intending to retire early (before your 60s, say).
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Apr 30, 2021 18:41
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Michael Corleone posted:e; oh yeah, so I put in 1.2k but have traded like 20k worth of stock, that doesn't matter for taxes at all, only my realized gains or losses? thanks! It doesn't matter, except if you traded the same equities right across the dec/january break, which with the wash rule means you may have to pay cap gains on your gross (not net) 2020 gains while being unable to subtract from them your gross 2020 losses due to the way the wash rule prevents you from using the more recent purchase prices as your cost basis for those shares. Study the wash rule and if you find you really just can't understand it, you can 100% avoid a tax problem by not trading at all in January any stocks you traded in December.
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Apr 30, 2021 18:44
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Leperflesh posted:It doesn't matter, except if you traded the same equities right across the dec/january break, which with the wash rule means you may have to pay cap gains on your total gains while being unable to deduct your total losses from 2020 due to the way the wash rule prevents you from using the more recent purchase prices as your cost basis for those shares. Thanks, ya I know the Wash Rules. I am really careful now because ETrade took like 20 bux from me when I sold a stock I sold at a loss before that I bought and sold for profit. Turned WS adjustment OFF now. I can carry the losses over so it doesn't matter, but I wonder if I call them they will give me the money back. I am down 150ish bucks on paper, but that doesn't include dividends I've recieved, so I am basically even now. Oh well, do your DD and then do it again is the lesson I learned there! Divs will be cap gains so will plan for that.
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Apr 30, 2021 18:48
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Leperflesh posted:You can roll a standard 401(k) into a traditional IRA with no taxes. The main disadvantage of that is if you're a high enough earner (or will be) that you'll want to do a backdoor Roth in the future, because you'll at some point have to convert your trad IRA to a roth IRA and pay the taxes when you do that. Otherwise, yes, there's different RMD and withdrawal rules, but... this is your retirement fund, not your emergency fund, so the main reason to care about that is if you're intending to retire early (before your 60s, say). I wince a bit whenever people recommend dumping brokerage money into IRAs, as I feel the value of liquidity is often being discounted too much. The opportunity cost is super high, and doubly so if the person isn’t a homeowner. (This is all assuming the individual has a healthy 401k)
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Apr 30, 2021 18:48
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Goon bets down. Reddit bets up. Motley Fool bets banished to the shadow realm. What a world.
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Apr 30, 2021 18:51
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Schwab's new international dividend ETF has been trading for 1 day now. Ticker: $SCHY https://www.schwabassetmanagement.com/products/schy They seeded it with ~$10m of assets. EDIT: I MISREAD Total ex-US index, details of the methodology here: https://www.spglobal.com/spdji/en/documents/methodologies/methodology-dj-dividend-indices.pdf aside from the eligible stocks, it's pretty much the same methodology as their popular $SCHD US dividend ETF. Very well designed, looking at both return on equity and dividend growth/security. I think SCHY will be very popular for retirement funds. Combine SCHD and SCHY, and with enough assets, you can just live off those dividends. Top Holdings (1% or more) include...: quote:Symbol Name CUSIP ISIN SEDOL Percent-Of-Assets anyway, pretty nifty. Definitely a strong competitor to other international dividend index funds such as VIGI pmchem fucked around with this message at 19:01 on Apr 30, 2021 |
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Apr 30, 2021 18:51
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Michael Corleone posted:Thanks, ya I know the Wash Rules. I am really careful now because ETrade took like 20 bux from me when I sold a stock I sold at a loss before that I bought and sold for profit. Turned WS adjustment OFF now. I can carry the losses over so it doesn't matter, but I wonder if I call them they will give me the money back. I am down 150ish bucks on paper, but that doesn't include dividends I've recieved, so I am basically even now. Oh well, do your DD and then do it again is the lesson I learned there! Divs will be cap gains so will plan for that. You made $150 in dividends off the like 10k you have invested?
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Apr 30, 2021 18:56
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Flowers for QAnon posted:I wince a bit whenever people recommend dumping brokerage money into IRAs, as I feel the value of liquidity is often being discounted too much. The opportunity cost is super high, and doubly so if the person isn’t a homeowner. (This is all assuming the individual has a healthy 401k) I'm not 100% sure I know what you mean, but: individuals with healthy 401(k)s should be fully funding their IRAs before loving around with additional cash in a brokerage account trading stonks. You only get $6k per person per year to shove into that tax advantaged space and you should do it if you possibly can. "Liquidity" ought to refer to one's short-term cash needs, e.g., your emergency savings, which should not be in stocks either. Medium-term savings, such as for a future home purchase, college savings for your kids, maybe a car you're planning to buy next year or something: that's one area where you could perhaps go for some lower-risk investments, especially if you can defer your purchase to outlast a temporary economic downturn that beats up your investments (as may be the case with a car or house but likely isn't the case with your kid's college fund). We've discussed inflation-proof bonds recently in the long-term thread, I could see putting some percentage of a "five+ years out" investment into an index fund even. But in these cases, I'm not sure "liquidity value" is a major concern either. So... what do you mean by the value of liquidity vs. putting money into an IRA?
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Apr 30, 2021 19:07
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Pilfered Pallbearers posted:You made $150 in dividends off the like 10k you have invested? I only put in 1.2k. The dividend capture thing didn't work out so I am done with that. I only bought like 5 dividend stocks, one was by accident, saw it was paying in a few more days so held. But yeah, you need to get in a month plus out to make money on those, lost money on everything overall but 1 where I made out with 2 bux after selling. I am not against setting up a real portfolio with real money and buying blue chip dividend stocks but that is a bit away. Gotta get the crazy out of my system before I make a real investment. e; where is my 'real money' at. In CD's and Savings accounts, where it is safe! I don't have a good job with bennies like IRA's, 1099 worker here. Michael Corleone fucked around with this message at 19:15 on Apr 30, 2021 |
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Apr 30, 2021 19:08
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Leperflesh posted:I'm not 100% sure I know what you mean, but: individuals with healthy 401(k)s should be fully funding their IRAs before loving around with additional cash in a brokerage account trading stonks. You only get $6k per person per year to shove into that tax advantaged space and you should do it if you possibly can.
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Apr 30, 2021 19:12
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Flowers for QAnon posted:I meant what you’re defining as medium-term savings. That said, I forgot the max contribution wasn’t $19.5k like 401k. I consider brokerage money as liquid, because it’s actually usable prior to retirement and accessible within days. Most of it parked in ETFs. OK. Not to replicate the long-term thread, but: the standard advice is to go in this order: 1. take full advantage of any employer contribution/matching in your employer-sponsored retirement acct (401k, etc.) 2. take full advantage of an IRA 3. max out your contributions to your employer-sponsored acct. 4. if it's a reasonable choice for you, use a high-deductible health care plan and contribute to an HSA 5. if it's a reasonable choice for you/your family/is good in your state, tax-advantaged college savings plan 6. fun money in a brokerage acct. The implied "step 0" is your emergency savings, although skimp on that if you can to make sure you at least hit #1 since that's free money you leave on the table otherwise. The main reason 2 is ahead of 3 is that many employer-sponsored plans have limited investment options and often those options are all poor, especially plans where every option has high ERs. Your IRA can be invested in any vehicle you choose, so for example you can pick very low ER index-based Vanguard/Fidelity/Etc. funds. Some people have things like brokeragelink on their 401k which lets them invest in any ETF they want, so they can effectively get the same investment options in their 401k as in their IRA, and for them, 2 and 3 can be swapped for convenience if they like. If you have medium-term savings goals that would be inappropriate to save for within a tax-advantaged account, then you have to decide where to slot that priority into the above list. I would encourage anyone to not put it higher than #4, because if you're not maxxing both a 401k and your IRA, you may not be saving enough money to secure a comfortable retirement. For some folks, college savings for their kids might seem to be a higher priority than that, or maybe you're saving for a big move overseas that you can't avoid, or who knows, this is all personal decision-making. But in the US, tax-advantaged retirement savings is a super-powerful means of building wealth and for most people, the best way to secure a non-catfood-diet retirement.
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Apr 30, 2021 19:24
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Leperflesh posted:a non-catfood-diet retirement. If I play my cards just right, with a little bit of luck, I can dine on peanut butter jelly when I retire at 70, and live in luxury until the ripe old age of 73.
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Apr 30, 2021 19:27
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Michael Corleone posted:I only put in 1.2k. The dividend capture thing didn't work out so I am done with that. I only bought like 5 dividend stocks, one was by accident, saw it was paying in a few more days so held. But yeah, you need to get in a month plus out to make money on those, lost money on everything overall but 1 where I made out with 2 bux after selling. I am not against setting up a real portfolio with real money and buying blue chip dividend stocks but that is a bit away. Gotta get the crazy out of my system before I make a real investment. Saying “I’m down $150, not including dividends I’ve received** ** dividends received = $3” means you’re still down $150. $150 of $1.2k is 12.5% loss, which is not a small number. Let’s say you invest $20k, that’s a $2,500 loss. Not saying that a loss is unacceptable, but that kind of loss with play money should not inspire any confidence. Also, if you’re a 1099, you probably also don’t have a 401k, and should likely be doing some retirement savings before throwing your money away in a cash account.
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Apr 30, 2021 19:27
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I received 150ish in dividends. I sold the stocks as losses. My total of 1.2k invested is worth 1.15K ATM. Hope this explains it better. Yeah, a better job is what I need is the real point, now is the time to get into something 'above your league' because people are lazy and are waiting for the UE to run out, at least the boomers tell me that, IDK. I will post this in another thread, not here. This is for stocks, just trying to set the record straight that I am not as dumb as perceived.
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Apr 30, 2021 19:38
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Michael Corleone posted:I received 150ish in dividends. I sold the stocks as losses. My total of 1.2k invested is worth 1.15K ATM. Hope this explains it better. Yeah, a better job is what I need is the real point, now is the time to get into something 'above your league' because people are lazy and are waiting for the UE to run out, at least the boomers tell me that, IDK. I will post this in another thread, not here. This is for stocks, just trying to set the record straight that I am not as dumb as perceived. Post a pic of the dividends. What you are saying is basically impossible.
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Apr 30, 2021 19:43
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https://www.carscoops.com/2021/04/the-sec-is-investigating-volkswagen-over-its-voltswagen-stunt/quote:SEC Officially Investigating VW Over Its ‘Voltswagen’ Stunt  welp
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Apr 30, 2021 19:45
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Flowers for QAnon posted:Post a pic of the dividends. What you are saying is basically impossible. He found a stock with like a 50% dividend yield that pays monthly, what is the big deal
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Apr 30, 2021 19:49
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Red posted:He found a stock with like a 50% dividend yield that pays monthly, what is the big deal Few know this one trick
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Apr 30, 2021 19:55
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Flowers for QAnon posted:Post a pic of the dividends. What you are saying is basically impossible. 
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Apr 30, 2021 19:56
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