Author Topic: Stocks  (Read 1172287 times)

Offline stmark

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Re: Stocks
« Reply #1060 on: February 19, 2015, 02:30:15 PM »
Hi,
I was just browsing through and thought I'd ask your guys opinion.
Should I contribute to 401k if employer matches 3% regardless of my contribution?
Always contribute to the max of the match.  Free money you are passing up.
After the match amount contribute to an IRA on the side.  After maxing an IRA you can put more in the 401k. You have to run the math if you can do without additional money from your paycheck to determine if any contribution is worth it.  If you need the money and cant set aside even 3% then you should look for a higher paying job.

Offline 12HRS

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Re: Stocks
« Reply #1061 on: February 19, 2015, 02:37:09 PM »
Always contribute to the max of the match.  Free money you are passing up.
After the match amount contribute to an IRA on the side.  After maxing an IRA you can put more in the 401k. You have to run the math if you can do without additional money from your paycheck to determine if any contribution is worth it.  If you need the money and cant set aside even 3% then you should look for a higher paying job.

its not a match he said he gets the 3% regardless of contribution. He needs to decide if he wants to have the saving automated by putting extra into a 401k or can he do it on his own. Either way if he wants to save more than $5500 a year (ira limit) he should be contributing to his 401k.

Look into a roth vs regular ira/401k.

Offline Gohabs

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Re: Stocks
« Reply #1062 on: February 19, 2015, 06:03:16 PM »
as opposed to not saving for retirement or saving for other things?
As apposed  to saving with IRA..

Offline Gohabs

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Re: Stocks
« Reply #1063 on: February 19, 2015, 06:07:36 PM »
its not a match he said he gets the 3% regardless of contribution. He needs to decide if he wants to have the saving automated by putting extra into a 401k or can he do it on his own. Either way if he wants to save more than $5500 a year (ira limit) he should be contributing to his 401k.

Look into a roth vs regular ira/401k.
Exactly. So I stop contributing to 401k, Until I fill up IRA  limit. Where would you recommend opening IRA?

Offline Gohabs

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Re: Stocks
« Reply #1064 on: February 19, 2015, 06:11:51 PM »
its not a match he said he gets the 3% regardless of contribution. He needs to decide if he wants to have the saving automated by putting extra into a 401k or can he do it on his own. Either way if he wants to save more than $5500 a year (ira limit) he should be contributing to his 401k.

Look into a roth vs regular ira/401k.
To be clear there is no other benifit besides for convenience , in contributing to 401k if there is no match?

Offline 12HRS

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Re: Stocks
« Reply #1065 on: February 19, 2015, 11:31:49 PM »
As apposed  to saving with IRA..

IRA is nicer to max out first generally since you will have more control over your investments and likely pay less fees over time (some 401k plans really stink when it comes to fees). but 401k has a higher overall contribution limit per year allowing you to put away more over time.

Exactly. So I stop contributing to 401k, Until I fill up IRA  limit. Where would you recommend opening IRA?

Ideally if you know you are going to save lets say $1000 per month and $5500 would go to your IRA you would want the other 6500 spread out over the year. Its harder (paperwork) with a lot of 401k plans to "turn them on and off" a couple times a year.

I know one company I worked at it was easy to do so maxing out the IRA first made sense to me and then with a couple clicks online I could direct more to the 401k. Another company I worked for would have been a bigger hassle to do it that way.

You can open up your IRA with any company, If you plan on actively trading stocks then make sure to look into trading fees. Fidelity, Schwab, vanguard, etrade, they all work you just have to find something that you like. I use fidelity, although I don't trade very often and I really like their cash management account (checking).

Offline Gohabs

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Re: Stocks
« Reply #1066 on: February 20, 2015, 07:22:04 AM »
Yup my 401k fund options stink. I can adjust my contributions online so I don't have to worry about that.
However, since my employer offers a 401k. I believe there are conditions to a deductible IRA. My AGI must be under x amount, I don't know the exact number but with my pass through LLC (rental income) I believe I exceed that limit. Anyway around this?

Offline 12HRS

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Re: Stocks
« Reply #1067 on: February 20, 2015, 10:13:07 AM »
Yup my 401k fund options stink. I can adjust my contributions online so I don't have to worry about that.
However, since my employer offers a 401k. I believe there are conditions to a deductible IRA. My AGI must be under x amount, I don't know the exact number but with my pass through LLC (rental income) I believe I exceed that limit. Anyway around this?

I don't know for sure. You can google to see what your MAGI needs to be under. remember contributions will lower your MAGI.

You may just want to contribute to 401k and then at tax time you can tell your accountant to see if you can make a contribution to the previous year.

Offline Gohabs

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Re: Stocks
« Reply #1068 on: February 23, 2015, 05:33:52 PM »
Thanx will do.

Offline fc

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Re: Stocks
« Reply #1069 on: February 24, 2015, 11:49:48 AM »
AVGO reporting tomorrow

Offline insider

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Re: Stocks
« Reply #1070 on: February 24, 2015, 12:09:53 PM »
What are the alternatives to SPDR ETF?

Offline stmark

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Re: Stocks
« Reply #1071 on: February 24, 2015, 01:55:50 PM »
I have heard Kevin O'leary talking about buying corporate debt because it pays a better dividend.  Is there a fund or ETF that I can look at for this?

Offline yuneeq

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Re: Stocks
« Reply #1072 on: February 24, 2015, 02:37:16 PM »
What are the alternatives to SPDR ETF?

SPDR is just a name of a company that creates and manages ETF's.
Others include Barclays and Vanguard.
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Offline insider

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Re: Stocks
« Reply #1073 on: February 24, 2015, 04:29:44 PM »
SPDR is just a name of a company that creates and manages ETF's.
Others include Barclays and Vanguard.
Thank you. I tried SPDR, and fidelity four in one (which is a mutual fund). In your experience, which company is the best bang for the buck?

Offline jackofall

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Re: Stocks
« Reply #1074 on: February 24, 2015, 04:33:40 PM »
Anybody have a good idea of best to take advantage of future (inevitable) rising fuel prices given the current low prices?
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Offline itsallgood

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Re: Stocks
« Reply #1075 on: February 24, 2015, 04:35:55 PM »
Anybody have a good idea of best to take advantage of future (inevitable) rising fuel prices given the current low prices?
Make sure to fill up your cars?

Offline jackofall

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Re: Stocks
« Reply #1076 on: February 24, 2015, 05:02:14 PM »
Make sure to fill up your cars?
More like future contracts, ETF's that mimic crude prices, options on ETFs etc.
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Offline itsallgood

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Re: Stocks
« Reply #1077 on: February 24, 2015, 08:39:29 PM »
More like future contracts, ETF's that mimic crude prices, options on ETFs etc.
I was just pulling your leg:)

I'd also look into stocks of oil-based companies that are currently undervalued due to their ties to CO. Curious what others around here think

Offline Mikeoracle

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Re: Stocks
« Reply #1078 on: February 25, 2015, 08:58:31 AM »
Anybody have a good idea of best to take advantage of future (inevitable) rising fuel prices given the current low prices?
IF you can handle high risk, look into UWTI which is 3x leveraged bullish in oil.
It's a bit complicated how it works so research before buying.

Offline snowwhite

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Re: Stocks
« Reply #1079 on: February 25, 2015, 11:17:06 AM »
What do you guys think about JCP? Earnings tomorrow after market. Have been holding couple of them. Not sure whether I can keep those and sell them before the results?

Pour in you thoughts.

TIA!!