new record for Dow Jones

[The_Waco_Kid]

Originally Posted by Lucas McCain

TWK, you need to tell your broker to have your money automatically reinvested when whatever you own pays out dividends. I don't know whether he has you in mutual funds, REITS or ETFs, but unless you need the cash, have him buy more shares if the market is healthy.

Just some free advice and I do nothing for free and I'm not even a stockbroker.

nope. by design it does not automatically reinvest in the stocks that pay out. this way if the market drops i don't lose the profit. the dividends in the money market fund pays a nominal return about like a savings account. so it sits there until we want to reinvest it.

[Lucas McCain]

Alright. I don't like capital gains taxes so I just try to avoid them, so I don't want the cash... people have different investment strategies though so as long as you're making money, all strategies are good IMO.

[The_Waco_Kid]

Originally Posted by Lucas McCain

Alright. I don't like capital gains taxes so I just try to avoid them, so I don't want the cash... people have different investment strategies though so as long as you're making money, all strategies are good IMO.

agreed. it's all about making money. we all good.

[lustylad]

Originally Posted by Lucas McCain

Alright. I don't like capital gains taxes so I just try to avoid them, so I don't want the cash....

If it's a retirement account (IRA, 401k, Roth) there are no capital gains taxes, Luke. No taxes on dividends either. As long as you don't take money out prior to retirement. You know that, right?

[The_Waco_Kid]

Originally Posted by lustylad

If it's a retirement account (IRA, 401k, Roth) there are no capital gains taxes, Luke. No taxes on dividends either. As long as you don't take money out prior to retirement. You know that, right?

exactly. you don't pay taxes until you spend it. butt a CPA from an Ivy League school would know that ... yeah?


BAHHAAAAAA

[Lucas McCain]

Geez. I knew I should not have wasted my time with some of you folks in this thread. Just google it or whatever you need to do. It's not that complicated. Or maybe it is to you. Or maybe the tax laws have changed because they change all of the damn time.

Who the fuck said I was talking about my 401K and pension? Why would a good 401K or a good pension plan even fucking pay me in cash with dividends at my age and not just reinvest the money? They wouldn't do it even if I wanted them to because I'm not even close to being eligible by almost three decades and I'd get killed with taxes.

Do you folks know anything about the stock market and retirement plans and how they work? LOL

Chill out with the Trump circle jerk stock market shit until you know what you're talking about, old timers.

[The_Waco_Kid]

Originally Posted by Lucas McCain

Geez. I knew I should not have wasted my time with some of you folks. Just google it or whatever you need to do. It's not that complicated. Or maybe it is to you. Or maybe the tax laws have changed because they change all of the damn time.

Who the fuck said I was talking about my 401K and pension? LOL

if you say so

[dilbert firestorm]

Originally Posted by Tiny

Dilbert, respectfully, 503,976 is not 10% of 2,854,838.

285,484 is 10% of 2,854,838.

Please master division and percentages before you accuse me of playing fast and loose with my math.

d00d.. you're pretty much off topic.

this thread is about ripping off stocks.

if you have an issue with it, take that over to the other thread where it belongs loosely or tightly.

[tman1847]

Originally Posted by tman1847

I guess that's great except my portfolio has not gained back the money that was lost in November's decline. But it is getting close

Whoa Vitaman! I take back everything I said. Instantly December has been erased and we are back to November.
If your 40, you have lots of time to recup, if your older and retired maybe not.

[LexusLover]

Originally Posted by Lucas McCain

Alright. I don't like capital gains taxes so I just try to avoid them, ....

So you voted for Bitten and support the TAXATION SOCIALISTS?

You need to get someone to start reading their legislation for you with a translation to you.

They did the same shit to you with "ObamaCare" .... at least NoMaskPissLousy was honest for a change.

She pushed OC through without reading it and admitted that she didn't read it before hand.

Some people who brag about making good money off pharma vaccine production and sales either don't know or don't want anyone else to know THEY ARE MAKING MONEY WITH TAXPAYERS' FUNDS with the pharmas NOT LIABLE, which means they don't have to set aside "reserves" for liability claims and they don't have to have pay additional insurance coverage for vaccine production and distribution also. Trump set that up with Congressional approval. Those braggers don't know that either.

Trump is helping them get "rich"!

[LexusLover]

Originally Posted by tman1847

Whoa Vitaman! I take back everything I said. Instantly December has been erased and we are back to November.
If your 40, you have lots of time to recup, if your older and retired maybe not.

Please don't try to get him to focus on reality and ACTUAL NEWS.

[lustylad]

Originally Posted by Lucas McCain

Who the fuck said I was talking about my 401K and pension? Why would a good 401K or a good pension plan even fucking pay me in cash with dividends at my age and not just reinvest the money? They wouldn't do it even if I wanted them to because I'm not even close to being eligible by almost three decades and I'd get killed with taxes.

I didn't say anything about a pension. That's quite different than a 401k. One is a defined-benefit plan, the other is a defined-contribution plan. But you understand the differences, right Luke?

You can withdraw money early from an IRA if you're willing to pay the tax penalties. If you change jobs, you can usually convert an employer-administered 401k into a self-directed retirement account like an IRA. A pension is different. You have to work long enough to become vested, then wait until age 59-1/2 or later before you can collect a penny. It's entirely funded by your employer and you have no control over its investment decisions.

Both of them (pensions and defined-contribution plans) allow invested funds to grow tax-deferred, which means you don't have to worry about capital gains or dividends being subject to any taxes, until money is paid out during retirement, at which time it is treated as ordinary income to the recipient (who by then is usually in a lower tax bracket).

Originally Posted by Lucas McCain

Do you folks know anything about the stock market and retirement plans and how they work? LOL

A little bit. Which is obviously more than you know.

Now why dontcha tell everyone what you think of the investment strategy mentioned by Tiny in post #23. Does it sound like a good one? Why or why not?

[bambino]

Originally Posted by lustylad

I didn't say anything about a pension. That's quite different than a 401k. One is a defined-benefit plan, the other is a defined-contribution plan. But you understand the differences, right Luke?

You can withdraw money early from an IRA if you're willing to pay the tax penalties. If you change jobs, you can usually convert an employer-administered 401k into a self-directed retirement account like an IRA. A pension is different. You have to work long enough to become vested, then wait until age 59-1/2 or later before you can collect a penny. It's entirely funded by your employer and you have no control over its investment decisions.

Both of them (pensions and defined-contribution plans) allow invested funds to grow tax-deferred, which means you don't have to worry about capital gains or dividends being subject to any taxes, until money is paid out during retirement, at which time it is treated as ordinary income to the recipient (who by then is usually in a lower tax bracket).




A little bit. Which is obviously more than you know.

Now why dontcha tell everyone what you think of the investment strategy mentioned by Tiny in post #23. Does it sound like a good one? Why or why not?

He doesn’t know a little bit about anything. Except fantasies.

[VitaMan]

Originally Posted by Tiny

Way to go Waco! You've built up a $50 million portfolio.

5,000 / .0001 = $50,000,000

It looks like TWK said something he should not have said.

[The_Waco_Kid]

Originally Posted by VitaMan

It looks like TWK said something he should not have said.

if you say so