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Brew

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Everything posted by Brew

  1. Taxable income which would be realized gains on sales whether you pulled the money out or not. Once the Roth is funded, you can continue to fund it going forward if your income allows it. If your income is too high, you can make back door conversions assuming no other traditional IRA’s while the government allows it. You may also look into Roth 401k contributions if you have a work retirement plan as it is a way around the Roth rules also.
  2. On the Fidelity discussion, I got blocked this morning on several trades. The message it gave when you looked it up in the help section says Fidelity blocks trades marked with a stop from otcmarkets.com. It looks like that means the companies have not made anything public and trading those securities is prohibited by the SEC. I was trying to get in on USMJ and VPER.
  3. I’ve had pretty good luck in small towns in KY. I’ve typically been able to buy near retail outside of the high end allocated which have generally been more in the $300-$400 range where I have seen them.
  4. Afternoon drop caught me, but sitting at +33% on the day. Up 60% on Dogecoin flips since yesterday.
  5. Receivers are not doing him any favors tonight. Numerous balls have hit hands, facemasks, etc that aren’t being caught.
  6. Damnit, this is painful. Hate when they bastardize the Star Spangled Banner. Just sing it.
  7. Threw down a chunk on Dogecoin this morning for entertainment purposes just to see what today did. +25% in 6-7 hours, think I may exit this one soon.
  8. Converted the traditional several years back where I could make backdoor Roth conversions going forward.
  9. RC, have you looked at PVDG? There is a lot of positive information out there about them and the upward movement since the end of November.
  10. Was doing some research last night on them and saw a couple of brokerages targeting mid $20’s for them inside of 3 months with strong buy recommendations even at today’s price. Who knows where it goes, but it has picked up a lot of steam out there.
  11. You and me both. I’m so late to this party that based on my past buying history, everyone should sell everything that has been discussed. I tend to buy the peaks.
  12. Or take your $700k profit in a few months and celebrate.
  13. That is what you call a solid rate of return.
  14. Correct, all income that comes out of the Roth that meets the qualified distribution guidelines will be tax free. Any advisor worth his weight would tell you not to trade high risk products in a retirement account because you are playing with your retirement. However, if you use it correctly and limit your risk as much as you can while planning in other ways it is a tax free vehicle for high growth.
  15. Schwab allows OTC in retirement accounts, you just have to click through the warnings. I would assume Fidelity does also. You have to have settled cash in both.
  16. Think I’m going to join the party although late it appears. Moved some things over to a Fidelity account to try my hand. Waiting on the balance to settle for multiple days sucks while you read this thread.
  17. It makes a difference. On the other taxes, married AGI over $250k kicks in the NIIT of 1.45%, over $450k kicks in the full 3.8%. Then right at $500k is where it goes from 15% to 20% on the capital gains tax. The best place for these type gains is a Roth. It’s also probably the place you should be dealing with the least risk, but it sounds like most everyone on the thread is starting with fairly low investment amounts so it’s not like you are risking your retirement as long as you are doing other things as well.
  18. Simple math, short term realized gains (held under a year) will be at ordinary income tax rates. Long term realized gains (held over a year)will be on a sliding scale of 0%/15%/20% based on your income level. Hit it high enough in any one year and you may have an additional 3.8% kick in on top of the 20%. You would be better off funding your next round in tax free retirement accounts. As noted above, go back and make Roth contributions for 2020 and make them for 2021 on the same day if you are eligible with some of the funds. Then you have tax free growth in a retirement account with a base of $24000 to start with. The tax game is just as important with the numbers you are talking about.
  19. Fuck thieves. Finally got the parts to get the timing chain rattle fixed on the 3.5 and the shop calls me and says that someone took a sawzall to the exhaust system trying to steal the converters. They weren’t all that careful with it, so there is quite a bit of damage underneath. $25 payday at the junkyard turns into a likely insurance claim. Apparently they have hit our area pretty hard lately. Wish I had some idea of when it may have happened as we have cameras on our driveway, but it could have been anywhere.
  20. Brew

    2020 MLB thread

    Yeah thats a cool theory and all Hence the word should.
  21. Brew

    2020 MLB thread

    Gives more time for vaccination counts to increase, infection rates to decrease, etc which should lead to fewer canceled games and hopefully more people in seats.
  22. Brew

    2020 MLB thread

    From what I have read, it was discussed for the last several months but the MLBPA wanted a complete proposal to discuss.
  23. Simple, FL fall, winter, and spring, CO for the summer. I actually like SWFL during the summer. A large percentage of the population has headed back North and the fishing is great. You get used to the heat and to me it’s more manageable than the heat back home.
  24. Bahamas, we’ve talked about keeping a boat on the East Coast to travel from, but I’m looking for a house now where we are with deeper water access to hopefully just keep it at home. We’ll just make the trip through the Keys when we want to go. My wife is not too keen on this whole plan, so I may need to find a new wife also in this process.
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