SAJ-99
Well-known member
No. Absolutely not.so should i stop or lessen my 401k contributions for awhile?
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
VikingsGuy
Well-known member
In an odd way, it is better - you are buying shares this month at a reduced price and most 401ks have years to grow/recover (don't know how old you are). Or even if you don't want the funds to go into stocks today, you can put it in some type of safe "cash" investment in the 401k fund. This way you still get to invest tax-deferred and you get the employer match. Not maxing out your employer match is a darn shame for people that don't do that.so should i stop or lessen my 401k contributions for awhile?
Lets just say as of today you are down 30% - Do you ride it out, sell and adjust your positions (try to shoot for better future growth), or sell and run for the hills.
The old plan was to be conservative - That's what got me here. This is just extra cash I had on hand.
The old plan was to be conservative - That's what got me here. This is just extra cash I had on hand.
NEWHunter
Well-known member
Well I deployed about 20% of my cash a little while ago and am continuing to wait to spend the rest. As I am not a trader, I kind of feel like I’ve been sitting here fiddling while my portfolio burns.
I decided to do something today. I sold some positions in some ETFs to lock in some losses for tax purposes. I then redeployed those funds in ETFs that should perform similarly. I’ll realize a small benefit on my taxes without changing much of anything and now I don’t feel completely screwed.
I decided to do something today. I sold some positions in some ETFs to lock in some losses for tax purposes. I then redeployed those funds in ETFs that should perform similarly. I’ll realize a small benefit on my taxes without changing much of anything and now I don’t feel completely screwed.
Depends on your situation. If you are not in need of the money over the next few years then I’d increase my contributions. The market is on sale compared to the high.so should i stop or lessen my 401k contributions for awhile?
Jmnhunter
Active member
that, i wont know, depends until how the next few months roll out with our job situations
VikingsGuy
Well-known member
Doesn't completely fit here, but also not great fit for the disease thread. Also, not worth its own thread so I will post here anyway.
Details still not set, but the some or all of the deadlines related to fed taxes April 15th deadline will be extended 90 days. Seems clear payments will be deferred, "high income" eligibility cap is set at $1million, also seems to suggest filing returns could be extended, but not sure how that would work with state filings that require 1040.
www.wsj.com
Details still not set, but the some or all of the deadlines related to fed taxes April 15th deadline will be extended 90 days. Seems clear payments will be deferred, "high income" eligibility cap is set at $1million, also seems to suggest filing returns could be extended, but not sure how that would work with state filings that require 1040.
U.S. Postpones April 15 Tax Payments for 90 Days for Most Americans
The IRS will waive interest and penalties, making the delay available to people who owe $1 million or less and corporations that owe $10 million or less.
www.wsj.com
rjthehunter
Well-known member
Missed out on BNTX, doubled in a couple days...
VikingsGuy
Well-known member
An interesting chart:
ida homer
Well-known member
Never purchased a real stock (not counting my long term retirement stuff) in my life until today.
Just a few grand from the excess play fund, if I lose it, oh well. Deleted the app off my phone and will check it in a couple months.
Really feel bad for some people right now.
Just a few grand from the excess play fund, if I lose it, oh well. Deleted the app off my phone and will check it in a couple months.
Really feel bad for some people right now.
SAJ-99
Well-known member
Good technical setup today. New low (2367 on S&P) then strong reversal to close higher. We will need follow through tomorrow. Might be tough given the news flow, but you never know.
Interesting read.
www.marketwatch.com
Stocks will face long road back to the highs when bear market bottoms says analyst who called 2018 swoon - MarketWatch
Stocks will face ‘long road’ back to the highs when bear market bottoms, says analyst who called 2018 swoon
Dow of 10k is a pretty extreme postion to work around considering where we currnetly stand, barring total break down I dont see it. I think with the monetary policies meeting the fiscal proposals we seen it should prop us up though this.
That said if you could expound on your thoughts that would be great..
My mission the day is to capitalize on the strong dollar. Considering my "partner's" took on my entire weeks work load so i could pick up more medic shifts. I have all day free to make that happen before i go back in for another hour shift .
Something that needs to be reconized in all this. There are an incredible amount of people that are acting selflessly, kind and generous though all this. Its really easy to see the bad and gloss over the good. Lets try to change that.
Something that needs to be reconized in all this. There are an incredible amount of people that are acting selflessly, kind and generous though all this. Its really easy to see the bad and gloss over the good. Lets try to change that.
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ignorethefringes
Well-known member
- Joined
- Sep 19, 2016
- Messages
- 3,061
I'm in the real estate finance industry and I'm not seeing a real estate market collapse on the horizon. Actually, we are as busy as we've ever been because of the low rates. Underwriting and lending has been much more conservative in recent years compared to 2008/09 and prior. Sure, values are high again, but they aren't as risky as they used to be. If I had to venture a guess, most lenders are going to work with people who struggle to make payments for a few months rather than foreclosing on a whole bunch of properties.
SAJ-99
Well-known member
So much for follow through. It feels like the movie Ground Hogs day. Need to hold 2360ish in S&P. Only prediction is that tomorrow's new unemployment claims will be the worst ever recorded. If I miss that, my backup is it will be the worst week-over-week change ever.
Edit: sorry not tomorrow's, next Thursday.
Edit: sorry not tomorrow's, next Thursday.
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I hope I’m wrong and the real estate market continues to do well. I’m aware that rates are low, and maybe this will allow new home buyers enter the market.
Wildabeest
Well-known member
I’ll challenge the opinion that markets will turn when the virus is under control. My gut tells me the financial impact of this mess will be far more profound than the clinical impact. Just my opinion. The fact that we just had a 5.7 magnitude earthquake here in UT doesn’t help with my pessimistic view...
i'm becoming less optimistic about the economic recovery of this with every passing day
a lot of good points made in the media about how this thing could turn around economically
but man, things are getting bad out there. hard to see a pretty road to recovery for the world and US economy right now
sure hope i'm wrong
a lot of good points made in the media about how this thing could turn around economically
but man, things are getting bad out there. hard to see a pretty road to recovery for the world and US economy right now
sure hope i'm wrong
