By reilo Go To Post401K matching, how nice. I wish I knew that life.
Bruh
By Pac-12 Go To PostBruhOnly my first employer offered matching if I added above 5%, but I didn't make enough back then to justify it. None of them have since, despite asking for it.
By Smokey Go To Postay yo pac
about to get involved in mutual funds
pls assist
Vanguard Total Stock Market Index Fund (also available as an ETF). Also acceptable: Fidelity Total Stock Market Index Fund. Sprinkle in some international. Fortunately, both have Total International Stock Index Funds. Are you young? Fuck bonds.
Factoring out bonds, figure something like 60-80% domestic 20-40% international, you'll be in line with consensus range of recommendations (as for me, I'm generally not as bullish on international, so I'm actually in the upper teens there). If you do mix in bonds, adjust the other percentages in scale, but don't go heavy... they're security for people approaching retirement or some other savings goal, but they're going to eat into your returns over the long haul, so don't be heavy in them when you're 30 when you're saving for something happening when you're 65. The market will have its low points, for sure, but weather the storm. Even the great recession was fully recovered (on Wall Street, at least) seemingly within the blink of an eye.
Spend 2 years working on a YouTube channel, acquire 300K subs and make six-figures. Do something wild enough to get 1M subs, and you'll roll in $1M+ annually.
I've been doing it all wrong.
I've been doing it all wrong.
By AlphaSnacks Go To PostSpend 2 years working on a YouTube channel, acquire 300K subs and make six-figures. Do something wild enough to get 1M subs, and you'll roll in $1M+ annually.
I've been doing it all wrong.
facts
By reilo Go To Post401K matching, how nice. I wish I knew that life.
My company only matches up to 2K on my 401K, but I also get an ESOP plan. Normally those are around a 6%-7% disbursements into my account. I'm 7 months away from full vestment. Last 4 years our company has exploded in LA and as a result overall. I got in at the right time I guess. Couple years earlier would have been better. Last 3 years I've had 15%-25% disbursements and massive boosts in ESOP price. I've doubled my 401K in ESOP in like 5 years and I transferred some 401K over from a previous company.
My wife's old company didn't match. We also didn't make enough for her to save for retirement. Her new company matches up to 5% though so we got that going on now too.
By Fenderputty Go To PostMy company only matches up to 2K on my 401K, but I also get an ESOP plan. Normally those are around a 6%-7% disbursements into my account. I'm 7 months away from full vestment. Last 4 years our company has exploded in LA and as a result overall. I got in at the right time I guess. Couple years earlier would have been better. Last 3 years I've had 15%-25% disbursements and massive boosts in ESOP price. I've doubled my 401K in ESOP in like 5 years and I transferred some 401K over from a previous company.What a life. Maybe three jobs from now I'll be lucky to have 401k matching. That is, if my next job even offers 401k.
My wife's old company didn't match. We also didn't make enough for her to save for retirement. Her new company matches up to 5% though so we got that going on now too.
My evil banking corporation does dollar-for-dollar matching on 6% of income, and does a yearly kick-in of 1-4% of total income to everyone, regardless of whether they contribute or not. I say 1-4%, because that's what the employee manual says. My first year or two, they did 2%, and it's been 1% since.
Taxes filed. No mortgage interest + property tax deductions (first time since 2013), and not enough charitable contributions to get me into itemized deductions this year. Hashtag sadface on that part, I guess. On the other hand, it's not like any of those were dollar for dollar refunds, so I'm good.
By reilo Go To PostWhat a life. Maybe three jobs from now I'll be lucky to have 401k matching. That is, if my next job even offers 401k.
Yeah but we both combine for just a little bit more than you make alone so there's that. :P
I'm hoping that between two 401K, one ESOP and my equity in my home, we can live ok lives as old people and not be burdens on our kids.
By diehard Go To Postso apparently Tesla stock is the new bitcoinYeah, uh, investors out there claiming it should be worth $7,000 and apparently Tesla is worth more than VW Auto Group which produces roughly 35x the amount of cars a year that Tesla does and is profitable unlike Tesla's $890mil loss last year.
People are dumb. Tesla is not a software company.
EDIT: Its market cap is now higher than Netflix 😂
on the other hand i wonder why otherwise reasonable people want to short a stock that has one of the most famous people on earth as its pitchman.
'but markets are rational' as the loansharks break his leg
'but markets are rational' as the loansharks break his leg
Something is going on in the background as this isn't a natural movement. Oh well will be interesting to see when it all falls apart.
By Pac-12 Go To PostIt was a good, hearty laugh when I looked at my 401k today.
Just means my contributions will be spent when market is down for that next upswing
By Fenderputty Go To PostJust means my contributions will be spent when market is down for that next upswing
That's my view.
In fact, I'm glad my bonus is hitting in next Friday's check, as I had already set it up so that half my paycheck next week is going directly into the 401k (I basically do this every year, more or less, trying to max out the contribution as early in the year as possible).
Of course, the market could keep going down even more, but I'm not concerned in the least.
I'll probably start to think about more moderate risk investment portfolios when I'm in my 50's???? What's your plan?
By Fenderputty Go To PostI'll probably start to think about more moderate risk investment portfolios when I'm in my 50's???? What's your plan?
Same, not really all that keen on reducing risk this far out from retirement, so yeah, probably some time in the 50s, start increasing bonds, but never to some insane degree. Maybe I learned the wrong lesson from "the great recession," but with the market fully recovering within 5 years, I'm not going to panic about risk 20 or 30 years out. I also figure if the market goes completely to shit and stays there, we're going to have bigger problems in the world than just my retirement account.
Yeah I as kind of thinking in my 50's go to a moderate portfolio and then 60-65 start going conservative. If I stay with my current company my ESOP will almost assuredly blow my 401K away. I should have really solid equity in my property too.
By Pac-12 Go To PostFirst rule of employer stock => sell ASAP
You mean like post retirement? Can't sell until I terminate employment. My ESOP has waaaaaaaaaaaaaaaaay outperformed by 401K. We've become the 2nd largest electrical contractor in the nation by revenue and the 13th largest ESOP by employee count.
My last three disbursements during this upturn have been 20%-25% of my yearly income and the stocks have grown quite a bit as well.
Sell as soon as you are allowed. For me, it's the moment I get the stock, be it in the 401K (transfer into my normal fund selections) or something else.
You don't want your own company over-represented in your portfolio. I understand it's doing well now and that's great, but it could easily go south and drag your entire savings down with it. But if you can't sell until you leave the company, that kind of sucks.
Edti: At the very least, try to picture it as not even being there, and fund your other retirement accounts accordingly.
You don't want your own company over-represented in your portfolio. I understand it's doing well now and that's great, but it could easily go south and drag your entire savings down with it. But if you can't sell until you leave the company, that kind of sucks.
Edti: At the very least, try to picture it as not even being there, and fund your other retirement accounts accordingly.
Yeah we can't sell until we terminate / retire. We're forced to sell when we do. We've had lots of retiree's during these crazy years and lots of large payouts and the stock keeps going up up up. Company is in a great spot in the industry. It is something I consider though. If the company starts to look shakey I'm peacing out fast.
By Lunatic Go To PostCould use the money to start your own.
Fuck no … GC and Owners are horrible. Gotta be able to front labor and material costs because getting payment is a motherfucker.
So me and my ex aren’t on the best of terms and we used to have a water cooler we rented from ReadyRefresh. Anyway they still keep charging me even though I’ve called numerous times saying i don’t live there and we aren’t on speaking terms so can they stop charging me and they say “okay, well take your card off” only they never do.
My question is, can I just cancel my debit card and get a new card number to block these payments?
My question is, can I just cancel my debit card and get a new card number to block these payments?
As long as you didn't sign a contract for a period of time that kinda sounds like a great example of disputing a charge on your card, shouldn't even need to get a new number.
But yes getting a new card would work.
But yes getting a new card would work.
Robinhood is now on its second day of a major outage. They were down all day yesterday and again today.
I might have to pull my money. Almost a year later and my Charles Schwab returns are zero gain whereas I am still up heavy on my investments with Vanguard despite Coronavirus.
Fucking hell, Robinhood was down AGAIN today. Glad I cashed out last week. I didn't make much but at least I didn't lose any money.
By Pac-12 Go To PostMarkets opened down 7% today and trading was again suspended.
Don't look at your portfolios.
Just pretend no time has passed since 2016 and you'll be OK
By diehard Go To PostI thought i was smart by not panic selling..I mean we were due for a recession. This virus just showed how much of a house of cards we were in.
hahahahaha
By Kabro Go To PostI feasted today. How did everyone else do?
I'm sure all of my gains today will be losses tomorrow.
As long as they're still on paper and nowhere else, still not phased.