I've cut back on drinking but damn i want a beer right now the stone seasonal russian coffee porter is so good but its like 10 bucks for a bottle thats a share of Ford right there F for my beer, my beer for an F
Grayson Wood
Invest your life savings into IQ and reap glorious gains with me in two weeks time.
I'm planning to buy $CAT (Caterpillar) and $TXN (Texas Instruments) tomorrow.
Investment thesis: these are buy-and-hold dividend stocks that are unlikely to go out of business and should continue to grow solidly as technology advances
>not investing in index funds focused on Russia, Venezuela, Nigeria, etc., places with massive potential where things are so bad that literally they can only go up and succeed and become first world nations. Think on the long-term, not just the next month.. Do a little foresight and strategy.
Justin Miller
I was digging through my old smg memes and found this. Mega based
The thing is the countries may be good but look at the actual components of the ETFs, they are terrible. Most international ETFs suck when looking at their components, the Nigeria ETF in no way reflects the actual economy of Nigeria like SPY does to America
Josiah Davis
Hes right, since any gains aren't taxed in a Roth but IRAs arent as fun
Angel Roberts
But what if I want to take that money out in a couple years?
Brayden Thompson
F
Brew your own beer like a true niggard
Adam Bennett
for what
Ryan Jenkins
Oof you couldn’t even add text to the bubbles.
No disrespect, good job putting an anime gorl in the OP!
>unrealized freedom Damn right, I’d have to sell it to realize it.
Ryan Butler
You wont have to worry, as long as you have a shit ton of equity liquidity will never be an issue since you can always have access to low interest loans. Never take money out. That is your growth engine an experienced investor will always be assured of an average growth of at least 5% and you could get a low interest loan for around that if you have the equity yo back it up.
Joshua Nelson
>he thinks he can take money out of his accounts
Josiah Wilson
to invest in something else
>an experienced investor will always be assured of an average growth of at least 5% ok.. sure.
Angel Clark
you can do whatever you want with the assets within an IRA dumbass
do you literally only 'trade' using a taxable account? lmao actually nevermind continue your failures, your money will continue to flow to me
Sebastian Adams
Someone keep me updated on the twitter goings on.
I’d rather check this thread or some sort of RSS feed aggregator.
>tfw one tweet away from a rally or a crash Covefe
Alexander Cook
just invest in something inside your IRA dude
Blake Moore
>ok.. sure. You could literally have dropped all of your money into any of the major indexes and averaged 8% year over year for the last 10 years so yeah sure.
Blake Barnes
>just invest in something inside your IRA dude I don't think the type of investing I do is allowed in any IRA...
>you can do whatever you want with the assets within an IRA dumbass So I can invest in convertible debentures in the pinks with an IRA?
>You could literally have dropped all of your money into any of the major indexes and averaged 8% year over year for the last 10 years so yeah sure Thats odd.. the investors that I associate with make way more than 8% a year like over 100% a year.. and they aren't fans of IRAs....
Liam Scott
You can for certain expenses. Like a first home, education, or a percentage if you agree to forfeit your ability to not have to pay taxes on what you take. Also in the case of 401ks they have similar functions, but you can get matches at most "not shit" jobs. Matches are just free money nigga.
>401ks they have similar functions, but you can get matches at most "not shit" jobs. What if i don't have a normal job?
Adrian Thompson
well if you're such a hotshot then surely hitting the 6000/year cap isn't shit to you, so why not do it anyways?
Hunter Adams
When setting up an IRA you can choose what type of investments you use it for. And if you ever feel like changing said rules? You just roll it over to a different account. I used to do that shit as my job.
Unironically didn't put anything in IRA account this year so I could have it all ready for corn instead.
Noah Lopez
Let me put this in another way... Tax free growth Tax deferred basis You can take it out by forfeiting those rights You can literally invest in most anything with it
Bentley Hall
>100% a year >100x100x100x100x100x100x100x100x100x100 in 10 years so a hundred sextillion percent in 10 years. Wow cool fucking story bro. How many planets they own?
Tyler King
I've turned 3k into 17k with some convertable debt before... If I can do that in an IRA point me in the direction of a broker that will clear my shares... if not.. I'm not going to tie up ANY money into some fucking account that I can't take it out of.
IRAs and 401ks are for normies.
So which ones will clear pink certs under .01? .. most brokers won't even do that...
>You can literally invest in most anything with it So I can clear pink certs through it? please point me in that direction.
Ladies and gentlemen, /smg/'s professor of mathematics.
Xavier Ross
I have slowly come to the terrible revelation that none of you know what the fuck you are doing. I have a Master's in Accountancy with a Minor in Finance. I work for a fortune 100 as a corporate accountant with a CMA and CPA. I used to have some faith in user. None of you know how to actually value a company. You have no fucking clue how taxes work. You can't read financial statements. For fuck's sake you think TA works and the entire field of decision science churns out dissertations every other day highlighting their absolute dismay at the fact that brainlets ever consider using it. You have no idea what Dunning-Kruger is. You don't know what survivorship bias is. You are too fucking uneducated and stupid to comprehend how fucked you are.
Idk why I'm even posting this, fucking goodluck kids.
They spend a lot of money.... like a lot of fucking money...
You think they just make it to sit on it? lol come on man
Jason Green
>So which ones will clear pink certs under .01? .. most brokers won't even do that... Yeah but most brokers aren't retarded either so theirs that to consider
Christopher Gutierrez
The best part about finally setting up my desktop is that I can use all my hardrives of weeb shit on one device.
Among some of the most popular of these firms are E-Trade, TD Ameritrade and Scottrade. Though a self-directed custodian IRA can be used to purchase penny stocks, it is generally considered more advisable to utilize brokerage IRAs to facilitate penny stock trading. Low transaction fees are a must for penny stock investors and should be considered when selecting a broker.
401K is literally free cash, if you don't have a normal job with a match its a different matter though, so not for you I guess.
>he fell for the higher education meme oh no no no
Noah Gutierrez
>Yeah but most brokers aren't retarded either so theirs that to consider that doesn't answer my question..... at all....
Adam Hernandez
Thats a real deep thesis there bro.
Colton Perry
>Though a self-directed custodian IRA can be used to purchase penny stocks I don't think you understand what a convertable debenture is...... I don't just buy penny stocks on the open market lol
Grayson Hernandez
guys what if LCI bought GALT?!! LCGALT!
Justin Gray
Its just unsecured bonds and loans, but yes you can? There are IRAs that may invest in penny stocks. In these instances, an individual most likely works with a broker-dealer that permits its clients’ IRAs to invest in stocks traded on the over-the-counter bulletin board (OTCBB). Besides the OTCBB, penny stocks are also traded through pink sheets.
John Hill
Bad advice from SMG? Bad advice from SMG!
>do not your tax deferred individual retirement account a.k.a. Roth IRA. >buy that Boeing dip! Its pilot error, black people can’t fly planes! >Cramer is a retard, do the opposite of what he says >Fuck Pinterest, I’ll scoop it up after it tanks like lyft
How’s that liquid cooling system working out? You ready for our erp sesh?
please let the guy with the weird name continue to fail, his money flows to us
its the sort of thing that you feel like running over with your car when you see it penniless under a bridge, but you dont want to waste any time on it or the damage it might cause to your vehicle tso you mov eon and forget its existence
Lucas Walker
I don't think you have a clue about what kind of trading i'm talking about.
This type of trading is all done through email and phone....
I doubt there are any IRA accounts that will clear pink sheets... You may be able to buy penny stocks through them but you most likely can not sell freshly printed shares through them. There are very few brokers that actually do that and none of the ones that I know of that clear pink certs or QB certs have any type of IRA option.
Matthew Butler
What h is this from?
Liam Rodriguez
People have jobs where thats literally all they do. It would be impossible for one carrier to have a vast selection but yes plenty would work with you to let you invest in anything they had access too or offered. But as I said, fees are involved, and you have to shop around. If anything iv'e seen you invest in dozens of normal stocks in this general anyway. So I don't know why you wouldn't use it just to fuck around with those instead of all this trouble. The point is its possible just inconvenient.
ok then.. please find me a broker that will clear penny certs through an IRA account... I've been doing this for a few years and have yet to find one...
Don't tell me something like etrade or tdameritrade.. those aren't the type of brokers that are going to clear stock. They won't even look at anything trading under .05 Tdameritrade even turned down mine and my partners corporate account because the reason was to clear penny certs...
Its not as easy as it sounds.. like at all.. its not your average type of investing.....
That still doesn't explain why you dont want to have an IRA on the side
Either youre a hotshot trader and an IRA would just be nice to have on autopilot mode on the side just for free year over year gains with no downside, or youre small potatoes and the IRA outpaces your pinksheet trading
Robert Sanders
The cheapies & golden bull oscillation is proven safest and potentially highest long term return strategy of them all. Particularly if you do so with a 2x leverage index fund with backtested resistance to liquidation on the deepest lows.
Lucas Barnes
are we gonna have more cheapies tomorrow
or did I miss my chance to buy
Angel Jackson
>doesn't explain why you dont want to have an IRA on the side Because I don't like my money tied up in an account where i get penalized if I take it out early.
Ryan White
Yeah but that still doesn't explain why you dont want to have an IRA on the side
Either youre a hotshot trader and an IRA would just be nice to have on autopilot mode on the side just for free year over year gains with no downside, or youre small potatoes and the IRA outpaces your pinksheet trading
Isaiah Ortiz
I've stopped that Biz for a while, maybe Schwab? You would need a Broker Dealer and I doubt they would be that accommodating unless you had a big account to roll over cause they do manual review for this kinda shit. and Schwab specifically won't let you fuck with anything under a Penny.
Like I said just fuck with that shit however you are now, and use an IRA for your LCI type trades. You can buy and sell, and you can't put that much raw money into the IRA anyway per year. You get to defer taxes and any gains WILL NOT BE TAXED. Its a long way out to get the benefit, but assuming even just 1/20 of your activity was in the IRA that adds the fuck up.
>Yeah but that still doesn't explain why you dont want to have an IRA on the side because I don't want to have ANY money tied up in an account like that... I don't get how you don't understand that.. I might not even live another 20 years.. why the fuck would i put my money in an account that I can't touch for another 35 years? Maybe if I blindly invested in stocks over 10billion market cap every month from a wage slave job it might make sense..but that isn't my style.
To each their own...
Gabriel Diaz
you missed your chance, it's turning around now and going sideways till friday at which point it will shoot up or fall off a cliff
Mason Foster
>use an IRA for your LCI type trades What if I want to add more than 6k a year to that specific position? What if the account has only been open for 2 years? I can only invest 12k into LCI?
Easton Fisher
aight man, to each their own personally i hope you're here for a lot longer than 20 more years
>personally i hope you're here for a lot longer than 20 more years thats kinda scary to think about... I might still be posting on Jow Forums in 20 years
To pass on You can use it on a house Take it all for a 10% withdrawal Penalty No penalty for medical use or health insurance or college No penalty if your legally "disabled" and want to withdraw (anyone can do this) Roll over to an annuity You can take your contributions (but not earnings) from a ROTH after 5 years at no penatly
Point being its flexible if you are not a dumb dumb. BUT I will accept your logic of not wanting to lock away a single cent. I'm typing this for general educations sake anyway.
It would not be your exclusive investment vehicle is the point. Its purpose would be to maximize gainz through tax deductions and nontaxable gains. So you invest idk lets say 50,000 into LCI. if 12,000 of that is immune to taxes and a right off is that a bad thing? Also if you do get gains obviously the account grows as well.
The tarrifs are going to be yyugge. The biggest tarrifs you've ever seen. America is going to win, thats what we do, we win, we win here we win there we are going to win. Esecpially when it comes to china. Oh China.. China, China, China.. They are going to see the tarrifs and think to themselves "my god those are yuge tarrifs" well they are, the tarriffs are huge folks, America is going to start winning again. China is smart, but the tarriffs will be yuge. We are going to win bigly with China foks
>You can take your contributions (but not earnings) from a ROTH after 5 years at no penatly
Wut. Is that true? I can take out the principle and play with the proceeds, without penalty?
Also, stop casting pearls before swine. This guy is legit retarded or legit trolling you. I’m guessing trolling, but he’ll come up with some other justification to waste your time and his.
I like BigGuy always have. If anything he is prompting a discussion and hopefully someone will learn something from it that will help them at some point. I will take a discussion over whining/shitposting any-day. Hes a unique character you gotta give him that.
yes, the contributions eventually become yours without penalty again, so you can indeed pull out $5,500 or now $6,000 a year in the future assuming you maxed your contributions annually in the past
Matthew Perry
> Iran's Supreme National Security Council's statement: As of today Iran doesn't commit itself to observing restrictions of stockpiling enriched uranium and heavy water. Iran gives other parties 60 days to implement their commitments, esp. in banking and oil.
Bullish divergence is coming back to the 15 min. candles on s&p. All day it was hidden bullish: lower lows on equity and higher lows on rsi. Protip when higher lows lead to higher highs on rsi with equity hitting lower lows and lower highs, it's going down more. I like to think of it as the rsi is making more room to fall or rise in the direction it's going. Timing is out of the question with just rsi unless you have an unlimited stack to double down.
Josiah Richardson
Kind of odd how U.S. supported coup in Venezuela fizzled out. What a half-ass measure?
Cooper Thompson
He’s shilling stocks, telling people not to sell, then trimming his positions. Pretty shitty thing to do. Was the big 5 incident similar? How long have you people been here?
Who are you, karenposter?
Can’t believe I wasn’t doing this as soon as I turned 18. I’ve had vtsmx just sitting in a regular account forever, should’ve switched it over and got tax deferred gains.
I guess taking out $6000 doesn’t help me if I’m going to be putting in $6000 every year regardless. But that’s cool that I have the ability.
But there have always been people who enjoy fucking others over without much personal benefit.
Nathan Bennett
Idk man. Its kinda investing 101 to take profits on huge gaining days. I believe he said he took like 30% or 10% or something. That isn't even that much. Everyone should lock in some profits at certain points.
exactly.. It was less than 10% of my position and I bought the same amount back today.. also sold some covered calls and bought some puts just in case which played out nicely... Some people just don't understand...
Jonathan Reyes
Well you do definitely act like a boogeyman to egg people on.
>EU, China and just about every other developed geopolitical entity maintain significant tariffs on goods made or produced in the U.S. >this makes it difficult or impossible for American companies to have any significant presence outside of their domestic market as these countries give their local manufacturers and producers, which already make use of ostensible slaves in China's case, an enormous price advantage (not to mention regulatory preference) on similar competing goods like cars in particular >Over time this one sided arrangement has perhaps irreparably damaged US manufacturing as a whole >US responds in a completely reasonable fashion >"DURR BLIMPF BAD"
While your not wrong, commercial manufacturing companies have incredibly tight margins due to the death of retail. Even here in Dallas the cost of metal is fucking these companies over hard. If they had more time to adjust it would be a different situation.
The situation is complicated because yes if we were able to manufacture everything from home we would be in a better spot, but many parts and materials are simply not mass produced here because in the past it was not profitable. So many are forced to just pay more for their Chinese shit, but are still locked into contracts that don't account for it OR their customers simply won't accept higher costs.
Tariffs are a start but not really a solution. If you want your manufacturers to buy from home in a country like the US your going to have to either drive prices out the roof or boost these industries until they can do the work efficiently enough to compete with the slave wages of overseas competitors. If we simply use blanket tariffs we have to deal with higher prices, and lose a plethora of benefits from our would be trade partners who will then place barriers on us. STILL limiting our industry.
>different states should be held to different standards yea fuck em, rev up that global recession if america gets blamed for other nations retaliations, then the world deserves a depression
we've been doing this shit for seven decades now, USA is no longer 50% of the worlds economic, and manufacturing outputs anymore, theres no reason for us to continue kneecapping ourselves for eternity, because other nations will throw a fit if we dont because "status quo"
My point is its a slow diplomatic process. It needs to be done. But just saying fuck you to everyone else and only dealing amoungst ourselves would only further handicap. I would never argue for status quo, I would say that change doesnt happen overnight though.
Leo Allen
when the bowling America volume multiplies by 10 how mysterious
It makes sense that a smaller country would want to protect its industries from a stronger one (in fact the U.S. had strong tariffs up until the early 1900s). In the case of the EU bloc and China that are close to economic parity with the U.S. today though they exist strictly to maintain an economic advantage over the U.S. pretty much specifically-and it's long since past the point where something has had to give. The biggest problem here aren't the new tariffs themselves but the fact that, as you'd said, American business has been forced to work around this situation for so long that going back will be painful.
All of this is certainly exacerbated by recent phenomena such as the retail apocalypse too (partially a product of internet commerce playing by a different set of tax rules than retail was for the past two decades, I feel-it's bad enough that these stores had to compete with obese NEETs selling their used baubles while sitting in their parents' basement in their piss stained underwear, let alone giving them a 7+% default price advantage and taxpayer-subsidized shipping).
One way for tariffs to 'work' (as a means to an end) is for them to protect new growing industries until they reach some positive feedback economies (scale, agglomeration), such as in early U.S. or pre-WW1 Germany. When Trump slapped the metal tariffs, there was no such thing IIRC in U.S. So you'd expect it to hurt a bit until the domestic producing picks up. Don't know if it actually has picked up.
Has it?
Camden Bennett
Amazon killed retail, it was suffering before but Amazon was the killing blow. I worked at a retial shpowcase manufacturer in Dallas for 5 years and their business is down more than 60%. They worked with all the big boys, but even the retail outlets not going out of business are not opening stores, in fact they are closing them.
SO these huge plants that have INSANE overhead, are being bumfucked by having far less than half their previous business and higher costs to build the damn shit. TO compound the problem most retailers want their shit seasonally. So the manufactures have mass lay offs, to the tune of 40-60% of their workforce, because they never have business. But then they cant make the seasonal big projects because its hard to find temp work for welding and carpentry reliably and in high quality. The industry is bleeding out and this is not the time to attempt big change in their supply lines, when they have reduced work, unless the government plans to support them.
If a 25% tariff on a strong trading partner can upset the markets this much I wonder what all of this talk on the other side about taxing our own company's balls off will do, especially given that win or lose this upcoming election Trump will probably be the last Republican president for several pairs of election cycles, if one is ever elected again.
>reminder that until very recently most OECD countries had lower taxes on commercial entities than the U.S. did
depends on the nature of the tax. My understanding is the common idea is a flat tax on Net profits for big corporations, but in that case they just raise their own salaries to report lower profits and the stock market suffers.
Ethan Hernandez
> If we simply use blanket tariffs we have to deal with higher prices, and lose a plethora of benefits from our would be trade partners who will then place barriers on us. STILL limiting our industry.
Moving manufacturing and industry out of the country certainly didn't do any favors to American industry. The psychological obstacle here , the undercurrent, is that this sort of argumentation does not address the fact that the greatest manufacturing power right now is practicing mercantile capitalism - and if you want to be a great power you have to be a great manufacturing state. This is China.
Your allies didn't help you when you opened yourself to trade, they used U.S. as the bank, Americans go into insane debts to fund rest of the world. Continuing to do it, will cause more decline. I guess in the end it is about the will, 'which way American?'
Oliver Long
Whoops wrong picture
>The industry is bleeding out and this is not the time to attempt big change in their supply lines
I agree but: term limits. Of course it would be better that these problems are addressed one after another but there's too many of them and not enough time-or 'will'-for them to be outside of one orange man. The presidents that came before and those that will come later will continue to kick the can down the road and choose to perpetuate the status quo, and Xi and Merkle both know that.
