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Originally Posted by PartyBarge22
(Post 4775254)
Its only a matter of time b4 all hell breaks loose and the bottom drops out , folks aren't real happy about the way this first week has gone in the White House and realizing they've been duped . Have spoke to a few Biden voters this week that MFed me with my TRUMP flags and banners still hanging/flying at my home and have actually mentioned things aren't going as promised and very disappointed in the Demorats today ...
Originally Posted by Dean Ferry
(Post 4775258)
If his house is paid for, WHY would put a note back on it, if he is retired or close to retiring.....
I'm VERY close to retirement and have a low interest rate mortgage. It certainly would not make sense for me to withdraw my retirement account $$, that has earned and average of 10% over its life, to pay off a 3.25% mortgage. |
Originally Posted by zz28zz
(Post 4775439)
Story I read online said that Melvin Capital was shorting Elon Musk's stock. Elon (and possibly some others) were not happy with what Melvin Cap was up to. They did some research on Melvin Cap and discovered they were also shorting Gamestop in a big way, so Elon bought a bunch of the Gamestop stock and crushed Melvin Cap. No idea if this is true but sounds about right.
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Why can't you do a Backdoor Roth? That's what we do, every December.
Originally Posted by ThisIsLivin
(Post 4774860)
I ran an extensive analysis on whether to do the Roth conversion or not. Our situation is that we make too much to use a Roth or ....
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Originally Posted by Griff
(Post 4775450)
I agree that the current surge in investments won't last forever and they probably won't last a year. He would need to monitor his investments closely. Of course things are not going the way many Biden voters thought they would. Like normal, the Dem's used lies to get votes from certain groups of people and now those same people are getting stabbed in the back.
Simple economics. Use money to make more money. Borrow money at 3% and invest it WISELY and make 6-15%. I'm not saying he should borrow 80% of his home value and risk it on common stocks, but I'd be comfortable at 30-50% with diversified mutual fund investments. I'm VERY close to retirement and have a low interest rate mortgage. It certainly would not make sense for me to withdraw my retirement account $$, that has earned and average of 10% over its life, to pay off a 3.25% mortgage. I guess I'm just old school, and I'm following my Dad's advice, "When you hit 60 years old boy, you don't want to have any payments on anything". And I don't think the market is an equal playing field at all now, after the "Game stop" screw job.... |
Originally Posted by 1960brookwood
(Post 4775454)
That makes a certain amount of sense. Mark Cuban has been a vocal critic of Robinhood and his son is making trades in the WallStreetBets group at the age of 11--kid has a pretty good mentor eh?
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Blue horseshoe loves GameStop.
lol. |
Originally Posted by tmmii
(Post 4775562)
Blue horseshoe loves GameStop.
lol. |
Originally Posted by Dean Ferry
(Post 4775534)
Griff,
I guess I'm just old school, and I'm following my Dad's advice, "When you hit 60 years old boy, you don't want to have any payments on anything". And I don't think the market is an equal playing field at all now, after the "Game stop" screw job.... I have a defined benefit pension and will have a constant monthly income that will cover all of my living expenses. IMO, the market has never really been a level playing field for the little guy, but there is still $$ to be made. |
Originally Posted by sutphen 30
(Post 4775538)
easy to make millions when you can ask daddy for it to start w/.
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There is an interesting thought going around one of my financial forums:
If a bunch of well organized bit players can cause this much disruption in the market utilizing small brokerage houses just imagine what a group of well funded people with big brokerage backing could do? If the Vanguard folks teamed with the Fidelity bunch there could be about 300,000 million dollar plus accounts with nearly 15 trillion in backing that could be put into play. Wonder how long before the SEC steps in? |
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