mission27 Posted May 8, 2020 Share Posted May 8, 2020 Just now, Glen said: So you guys are a couple? The more you know Weird comment tbh Quote Link to comment Share on other sites More sharing options...
Glen Posted May 8, 2020 Share Posted May 8, 2020 1 minute ago, mission27 said: Weird comment tbh I dunno. Also weird to be claiming who called top & bottom on a football forum. 1 Quote Link to comment Share on other sites More sharing options...
N4L Posted May 8, 2020 Share Posted May 8, 2020 2 hours ago, mission27 said: Weird comment tbh I thought it was pretty funny because he insinuated that you and TLO were both tops and bottoms in your relationship It was a funny play on words ALSO - you say you don't have any money in the market other than Gilead, which has preformed poorly. So calling the top/bottom does nothing for you Meanwhile glem out here day trading and profiting off short term volitilty Another side note, I turned my hpq options from 5 contracts into 15 contracts without adding very much additional capital. Just riding that volitilty wave. I can't wait for them to crush earnings on the back of tons of home printer purchases and the fact they have over 8 billion in the bank. Hopefully it hits 20 Quote Link to comment Share on other sites More sharing options...
mission27 Posted May 8, 2020 Share Posted May 8, 2020 1 minute ago, N4L said: ALSO - you say you don't have any money in the market other than Gilead, which has preformed poorly. Up over 20% since the MoL bought Also, just because I have no money in the market today doesn't mean I didnt make a **** ton of money both on the way up and down (I did) Quote Link to comment Share on other sites More sharing options...
jetsfan4life51 Posted May 9, 2020 Share Posted May 9, 2020 On 5/8/2020 at 10:19 AM, Glen said: Dumped Tesla at $813 Figuring it might go up more. But meh, I’m also expecting Elon to go crazy again & wanted to get out before that happened. I bought an ETF with Tesla a while back and did well with that and I'm going to keep it.....almost went all in on Tesla when it was on the upswing before corona. I would have lost a lot of money lol. Unfortunately I invested most of my 2019 and 2020 IRA contributions right before corona hit but at least it's bounced back. Quote Link to comment Share on other sites More sharing options...
Heimdallr Posted May 9, 2020 Share Posted May 9, 2020 I'm really glad I took a loan out of my 401k last year to pay for some home improvements.... Instead of losing out on gains, I avoided all the losses! 1 Quote Link to comment Share on other sites More sharing options...
Glen Posted May 9, 2020 Share Posted May 9, 2020 2 hours ago, Heimdallr said: I'm really glad I took a loan out of my 401k last year to pay for some home improvements.... Instead of losing out on gains, I avoided all the losses! Depends what your money was in. But in all likelihood you would have only lost $ if you sold now. With a 401k its highly likely you will recoup those "losses" once the market stabilizes & recovers. 1 Quote Link to comment Share on other sites More sharing options...
Heimdallr Posted May 10, 2020 Share Posted May 10, 2020 21 hours ago, Glen said: Depends what your money was in. But in all likelihood you would have only lost $ if you sold now. With a 401k its highly likely you will recoup those "losses" once the market stabilizes & recovers. I know, but pulling out a chunk at the top and now reinvesting it back in at a low point is just good timing. Quote Link to comment Share on other sites More sharing options...
Glen Posted May 10, 2020 Share Posted May 10, 2020 3 hours ago, Heimdallr said: I know, but pulling out a chunk at the top and now reinvesting it back in at a low point is just good timing. sure but I was just under the assumption that the money you put in was used for home improvements. Not re-investment opportunities lol Quote Link to comment Share on other sites More sharing options...
theJ Posted May 10, 2020 Share Posted May 10, 2020 1 hour ago, Glen said: sure but I was just under the assumption that the money you put in was used for home improvements. Not re-investment opportunities lol You have to put back the money you take out in a 401k or face some penalties. So he might have taken it out for repairs, then repaid it with different funds. 3 Quote Link to comment Share on other sites More sharing options...
JBURGE Posted May 11, 2020 Share Posted May 11, 2020 18 hours ago, theJ said: You have to put back the money you take out in a 401k or face some penalties. So he might have taken it out for repairs, then repaid it with different funds. Are there no tax implications to pulling it out in the first place, or just if you don't re-contribute? I'm in Canada so not totally familiar with 401k/ Roth rules Quote Link to comment Share on other sites More sharing options...
Heimdallr Posted May 11, 2020 Share Posted May 11, 2020 5 minutes ago, JBURGE said: Are there no tax implications to pulling it out in the first place, or just if you don't re-contribute? I'm in Canada so not totally familiar with 401k/ Roth rules In a 401k you can take out a loan, so as long as you pay it back (with interest) to yourself, there is no penalty. It is a good source of funds because you are paying the interest back to yourself, so the only cost is like a $25/year processing fee. 1 Quote Link to comment Share on other sites More sharing options...
Heimdallr Posted May 11, 2020 Share Posted May 11, 2020 18 hours ago, theJ said: You have to put back the money you take out in a 401k or face some penalties. So he might have taken it out for repairs, then repaid it with different funds. Correct - sorry if that wasn't clear. I took the money out last year and now repaying it back in. Quote Link to comment Share on other sites More sharing options...
JBURGE Posted May 11, 2020 Share Posted May 11, 2020 3 minutes ago, Heimdallr said: In a 401k you can take out a loan, so as long as you pay it back (with interest) to yourself, there is no penalty. It is a good source of funds because you are paying the interest back to yourself, so the only cost is like a $25/year processing fee. How long do you have to repay? Does it tier based on the amount you take out? Quote Link to comment Share on other sites More sharing options...
Heimdallr Posted May 11, 2020 Share Posted May 11, 2020 8 minutes ago, JBURGE said: How long do you have to repay? Does it tier based on the amount you take out? You can choose what sort of loan you want to take out. In my plan I think the max was 5 years. 1 Quote Link to comment Share on other sites More sharing options...
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