Author Topic: Stocks  (Read 755293 times)

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 12799
  • Total likes: 4720
  • DansDeals.com Hat Tips 16
    • View Profile
  • Location: 770
Re: Stocks
« Reply #6520 on: December 23, 2021, 04:04:26 PM »
If you fund a traditional IRA and you have unearned income you could gain much more then $200 on a $6000 contribution.

What does unearned income have to do with it?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline gozalim

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Oct 2008
  • Posts: 3988
  • Total likes: 488
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
Re: Stocks
« Reply #6521 on: December 23, 2021, 05:17:58 PM »
You mean Savers credit?
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit

if yes, it is nonrefundable
only relevant if you have more liability then your total credits

Offline nucheiner

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Sep 2016
  • Posts: 403
  • Total likes: 61
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Stocks
« Reply #6522 on: December 23, 2021, 05:24:17 PM »
if yes, it is nonrefundable
only relevant if you have more liability then your total credits
Isnít the savers credit sliding scale income based? So basically you need enough taxable income to be eligible but not too much otherwise there isnít too much benefit. There is a sweet spot here I believe. Sweet enough to put in and take right out even for a penalty, or penalty free after a childbirth.

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 12799
  • Total likes: 4720
  • DansDeals.com Hat Tips 16
    • View Profile
  • Location: 770
Re: Stocks
« Reply #6523 on: December 23, 2021, 05:39:32 PM »
Isnít the savers credit sliding scale income based? So basically you need enough taxable income to be eligible but not too much otherwise there isnít too much benefit. There is a sweet spot here I believe. Sweet enough to put in and take right out even for a penalty, or penalty free after a childbirth.

I thought maybe my kids might be eligible. But they're students and therefore ineligible.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline yosefsv

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Sep 2016
  • Posts: 924
  • Total likes: 125
  • DansDeals.com Hat Tips 4
    • View Profile
  • Location: NY
Re: Stocks
« Reply #6524 on: December 23, 2021, 05:54:27 PM »
What does unearned income have to do with it?
The EIC is based on the earned income or the gross income, whichever gets you a smaller EIC.
A contribution to a traditional IRA will only reduce your gross income not your earned income.

i.e. If your only income is 50k on a W2 it wont help if your gross income is reduced. However if your income is 40k W2 and 10K i.e. rental income (=50k gross), and you contributed 10k (6k self + 4k spouse) to a traditional IRA, your EIC will be based on 40k instead of 50k.
If it benefits even just one fellow DDFer, its worth posting it.

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 12799
  • Total likes: 4720
  • DansDeals.com Hat Tips 16
    • View Profile
  • Location: 770
Re: Stocks
« Reply #6525 on: December 23, 2021, 09:20:37 PM »
The EIC is based on the earned income or the gross income, whichever gets you a smaller EIC.
A contribution to a traditional IRA will only reduce your gross income not your earned income.

i.e. If your only income is 50k on a W2 it wont help if your gross income is reduced. However if your income is 40k W2 and 10K i.e. rental income (=50k gross), and you contributed 10k (6k self + 4k spouse) to a traditional IRA, your EIC will be based on 40k instead of 50k.
Thank you for the explanation.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 12799
  • Total likes: 4720
  • DansDeals.com Hat Tips 16
    • View Profile
  • Location: 770
Re: Stocks
« Reply #6526 on: December 27, 2021, 10:46:34 AM »
Does anyone know why ALNY is down so much today?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Essen est zich

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Apr 2017
  • Posts: 1063
  • Total likes: 207
  • DansDeals.com Hat Tips 7
    • View Profile
  • Location: Abiya
Re: Stocks
« Reply #6527 on: December 27, 2021, 11:44:46 AM »
AAPL is climbing slowly... but it seems that a few analysts are saying its overvalued. Should I sell or wait it out?
 

Offline Shauly101

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Feb 2015
  • Posts: 503
  • Total likes: 26
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
  • Location: לבי במזרח
  • Programs: Dirshu!

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 12799
  • Total likes: 4720
  • DansDeals.com Hat Tips 16
    • View Profile
  • Location: 770
Re: Stocks
« Reply #6529 on: December 28, 2021, 01:27:49 PM »
https://finance.yahoo.com/news/alnylam-pharmaceuticals-oversold-oppenheimer-analyst-161442361.html

You replied to the wrong post. But yes, I saw later in the day a news piece explaining the reason for decline to be a competitor in the same space failing. I was thinking that this might be an overreaction and something that would make @YitzyS make a move. But refrained from comment as I don't want to come across as having an opinion one way or another (I truly don't. I hold a tiny position in the stock with a huge gain, after having sold off most of my holdings several years ago for a nice profit).
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline whacked1

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2012
  • Posts: 2215
  • Total likes: 252
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Stocks
« Reply #6530 on: December 28, 2021, 03:00:18 PM »
You replied to the wrong post. But yes, I saw later in the day a news piece explaining the reason for decline to be a competitor in the same space failing. I was thinking that this might be an overreaction and something that would make @YitzyS make a move. But refrained from comment as I don't want to come across as having an opinion one way or another (I truly don't. I hold a tiny position in the stock with a huge gain, after having sold off most of my holdings several years ago for a nice profit).
well, i'm up 6% from my buy yesterday... :)

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 12799
  • Total likes: 4720
  • DansDeals.com Hat Tips 16
    • View Profile
  • Location: 770
Re: Stocks
« Reply #6531 on: December 28, 2021, 03:26:27 PM »
well, i'm up 6% from my buy yesterday... :)


Beautiful. If you sell today your annualized rate of return would be phenomenal.  ;D

NOT A RECOMMENDATION OR ADVICE. Not even an opinion, just statement of mathematical fact.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline whacked1

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2012
  • Posts: 2215
  • Total likes: 252
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Stocks
« Reply #6532 on: December 28, 2021, 03:59:52 PM »


Beautiful. If you sell today your annualized rate of return would be phenomenal.  ;D
How us big players roll  ;D ;D ;D

Online yos9694

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2012
  • Posts: 1584
  • Total likes: 678
  • DansDeals.com Hat Tips 6
  • Gender: Male
    • View Profile
Re: Stocks
« Reply #6533 on: December 28, 2021, 04:15:48 PM »
How us big players roll  ;D ;D ;D

6% in a day is phenomenal. The best play is to sell, send the proceeds back in time by 1 day, and buy the same stock again. Loop and repeat until desired wealth level is achieved.

Offline whacked1

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2012
  • Posts: 2215
  • Total likes: 252
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Stocks
« Reply #6534 on: December 28, 2021, 05:30:46 PM »
6% in a day is phenomenal. The best play is to sell, send the proceeds back in time by 1 day, and buy the same stock again. Loop and repeat until desired wealth level is achieved.
;D

Offline YitzyS

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jan 2015
  • Posts: 4302
  • Total likes: 8924
  • DansDeals.com Hat Tips 31
  • Gender: Male
    • View Profile
  • Location: Lakewood, NJ
Re: Stocks
« Reply #6535 on: December 28, 2021, 05:36:13 PM »
6% in a day is phenomenal. The best play is to sell, send the proceeds back in time by 1 day, and buy the same stock again. Loop and repeat until desired wealth level is achieved.
I did that but President AOC sent back the tax bill from 2032 and all my money was seized by the IRS.

Online yos9694

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2012
  • Posts: 1584
  • Total likes: 678
  • DansDeals.com Hat Tips 6
  • Gender: Male
    • View Profile
Re: Stocks
« Reply #6536 on: December 28, 2021, 06:02:40 PM »
I did that but President AOC sent back the tax bill from 2032 and all my money was seized by the IRS.

Same plot as No Coins, Please

Online joe1234

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jul 2015
  • Posts: 1705
  • Total likes: 274
  • DansDeals.com Hat Tips 18
    • View Profile
Re: Stocks
« Reply #6537 on: December 28, 2021, 10:09:55 PM »
6% in a day is phenomenal. The best play is to sell, send the proceeds back in time by 1 day, and buy the same stock again. Loop and repeat until desired wealth level is achieved.
The way to make money in stocks is to buy low and sell high, but if it goes higher then don't buy...

Offline sguitarist18

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jul 2011
  • Posts: 1507
  • Total likes: 438
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: NY
Re: Stocks
« Reply #6538 on: December 28, 2021, 10:14:51 PM »
Same plot as No Coins, Please

Minus the time travel, of course. Also, he liked making money, President AOC would have given him the death penalty.

Offline YitzyS

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jan 2015
  • Posts: 4302
  • Total likes: 8924
  • DansDeals.com Hat Tips 31
  • Gender: Male
    • View Profile
  • Location: Lakewood, NJ
Re: Stocks
« Reply #6539 on: December 31, 2021, 09:39:23 AM »