Brian Posted February 28, 2020 Share Posted February 28, 2020 Good time to up the contribution rate on the 401K and invest some extra money in the market. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted February 28, 2020 Share Posted February 28, 2020 19 minutes ago, ManUtdRedDevils said: Good time to up the contribution rate on the 401K and invest some extra money in the market. I currently contribute 6% of my pay pre-tax to my 401k. I don't know how much more I should invest. Quote Link to comment Share on other sites More sharing options...
elbobo Posted February 28, 2020 Share Posted February 28, 2020 I don't think we are anywhere near the bottom of this, the China shutdowns are going to have long running ripples for the economy. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted February 28, 2020 Share Posted February 28, 2020 1 minute ago, elbobo said: I don't think we are anywhere near the bottom of this, the China shutdowns are going to have long running ripples for the economy. There's probably more to come Quote Link to comment Share on other sites More sharing options...
Guest Posted February 28, 2020 Share Posted February 28, 2020 23 minutes ago, elbobo said: I don't think we are anywhere near the bottom of this, the China shutdowns are going to have long running ripples for the economy. I’ve been in regular contact with a manufacturing partner I have in China for the laser projection kits I sell. My main contact is having a month long panic attack at this point because none of the factories that have shut down have come back online and there now aren’t even projected dates to do so. He can’t build any of the devices because half his parts suppliers aren’t open. I’ll likely have to delay installs for at least 6 months. These sorts of stories are going to be terribly common in the coming weeks and months! Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted February 28, 2020 Share Posted February 28, 2020 That Bitcoin gonna get more scarce, good for Segal. 2 Quote Link to comment Share on other sites More sharing options...
Brian Posted February 28, 2020 Share Posted February 28, 2020 It will be volatile but if you are long, than it shouldn’t matter. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted February 28, 2020 Share Posted February 28, 2020 3 minutes ago, ManUtdRedDevils said: It will be volatile but if you are long, than it shouldn’t matter. You talkin' height, or dick length? Quote Link to comment Share on other sites More sharing options...
Brian Posted February 28, 2020 Share Posted February 28, 2020 1 minute ago, CitizenVectron said: You talkin' height, or dick length? 5 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted February 28, 2020 Share Posted February 28, 2020 Spoiler 3 Quote Link to comment Share on other sites More sharing options...
Scott Posted February 28, 2020 Share Posted February 28, 2020 1 hour ago, marioandsonic said: I currently contribute 6% of my pay pre-tax to my 401k. I don't know how much more I should invest. Keep contributing, don’t touch it, and don’t look at it. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted February 28, 2020 Share Posted February 28, 2020 4 minutes ago, Scott said: Keep contributing, don’t touch it, and don’t look at it. The contribution rate is set to go up annually anyway. And I've only started it last year. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 28, 2020 Share Posted February 28, 2020 21 minutes ago, Scott said: and don’t look at it. Too late Quote Link to comment Share on other sites More sharing options...
Joe Posted February 28, 2020 Share Posted February 28, 2020 It's rallying! 1 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted February 28, 2020 Share Posted February 28, 2020 I look at my balances once per month and keep track in a big spreadsheet. I'm not bothered by drops as I know I won't be withdrawing until my 60s anyway. I will rebalance it in a few years, making it more conservative over time. I have zero temptation to tinker with it. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted February 28, 2020 Share Posted February 28, 2020 Buy the dip! Quote Link to comment Share on other sites More sharing options...
Amazatron Posted February 28, 2020 Share Posted February 28, 2020 2 hours ago, marioandsonic said: I currently contribute 6% of my pay pre-tax to my 401k. I don't know how much more I should invest. Contribute enough to max out your employer matching, after that there’s not much benefit. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted February 28, 2020 Share Posted February 28, 2020 Burn it all!!! Quote Link to comment Share on other sites More sharing options...
Guest Posted February 28, 2020 Share Posted February 28, 2020 39 minutes ago, Jose said: It's rallying! Jinxed it Quote Link to comment Share on other sites More sharing options...
Bloodporne Posted February 28, 2020 Share Posted February 28, 2020 Quote Link to comment Share on other sites More sharing options...
Brian Posted February 28, 2020 Share Posted February 28, 2020 I don’t totally agree. If you plan on investing yourself, then I can understand having a lower contribution percentage, but having a steady stream of pretax money funding your retirement is never a bad thing. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted February 28, 2020 Share Posted February 28, 2020 Quote Link to comment Share on other sites More sharing options...
Brian Posted February 28, 2020 Share Posted February 28, 2020 41 minutes ago, Jose said: It's rallying! Way to go bud Quote Link to comment Share on other sites More sharing options...
Joe Posted February 28, 2020 Share Posted February 28, 2020 7 minutes ago, sblfilms said: Jinxed it It's tanking! Quote Link to comment Share on other sites More sharing options...
Guest Posted February 28, 2020 Share Posted February 28, 2020 7 minutes ago, ManUtdRedDevils said: I don’t totally agree. If you plan on investing yourself, then I can understand having a lower contribution percentage, but having a steady stream of pretax money funding your retirement is never a bad thing. It is nearly impossible for the average person to correctly guess whether they will be better off with more pre or post tax retirement income. I have come to the conclusion that doing whatever is easiest and most likely to keep you socking always the cash is best. If that is your 401k, do it. Obviously I would always suggest maxing out your employer match if one exists. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted February 28, 2020 Share Posted February 28, 2020 58 minutes ago, Amazatron said: Contribute enough to max out your employer matching, after that there’s not much benefit. Right now, my employer doesn't match. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted February 28, 2020 Share Posted February 28, 2020 I can only imagine the rage hes had to endure the last few days, lol. But clearly the only thing we can do to save the markets during a viral pandemic is give rich people more cheap money. Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted February 28, 2020 Share Posted February 28, 2020 21 minutes ago, marioandsonic said: Right now, my employer doesn't match. That's too bad but don't be discouraged. Every penny you put in now will multiply exponentially over time. I'd be putting in money even if my employer didn't match. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted February 28, 2020 Share Posted February 28, 2020 My reaction at the notion of the Fed intervening for this situation: I'd rather get COVID-19 than see that happen. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 28, 2020 Share Posted February 28, 2020 6 minutes ago, SFLUFAN said: The notion of the Fed intervening for this situation for me: I just don’t believe there is really anything they can do. The cost to manufacture stuff is on the verge of exploding, and there isn’t anything the Fed can do to fix the fallout from that. Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted February 28, 2020 Share Posted February 28, 2020 What can the fed do to fix supply problems? Probably zilch. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted February 28, 2020 Share Posted February 28, 2020 3 minutes ago, GeneticBlueprint said: What can the fed do to fix supply problems? Based on my knowledge of housing: Drive up asset prices 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted February 28, 2020 Share Posted February 28, 2020 12 minutes ago, sblfilms said: I just don’t believe there is really anything they can do. The cost to manufacture stuff is on the verge of exploding, and there isn’t anything the Fed can do to fix the fallout from that. 9 minutes ago, GeneticBlueprint said: What can the fed do to fix supply problems? Probably zilch. 6 minutes ago, b_m_b_m_b_m said: Based on my knowledge of housing: Drive up asset prices We have winners! Everything in the Fed's arsenal to "support the economy" is demand-oriented and therefore inflationary. Quote Link to comment Share on other sites More sharing options...
Massdriver Posted February 28, 2020 Share Posted February 28, 2020 I bought the dip (domestic and international indexes, but mainly U.S. because it's been so expensive) with some discretionary money I had just now. I saved around 60% of it to go in more if this heads into a full bear. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted February 28, 2020 Share Posted February 28, 2020 1 hour ago, GeneticBlueprint said: That's too bad but don't be discouraged. Every penny you put in now will multiply exponentially over time. I'd be putting in money even if my employer didn't match. I sure hope so. I honestly dont know shit about investing. Quote Link to comment Share on other sites More sharing options...
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