• There has been a recent cluster of spammers accessing BARFer accounts and posting spam. To safeguard your account, please consider changing your password. It would be even better to take the additional step of enabling 2 Factor Authentication (2FA) on your BARF account. Read more here.

Stock Thread 2018

UDRider said:
Had some extra cash lying around. Decided to make extra payment to pay down mortgage, instead of investing. Not sure it makes the best financial sense, but having debt is annoying to me.
Click to expand...

Not a mistake.
 
Reli said:
A good move, UNLESS you haven't already maxed out your Roth. Money in a Roth not only grows tax free, but is withdrawn tax-free as well.
Click to expand...

This. I will be rolling over part of a regular IRA to a ROTH IRA this year. Have to pay tax on it, but the income to me will be tax free till forever or Congress needs more money.
 
On side note this just popped up on my Google news feed. :/
 
Last edited:
Last edited:
rodr said:
Yeah well, if paying it off makes you feel better that's a good reason. :)
Click to expand...

When I finally got my house paid off, it was like a load disappearing. Suddenly I had money to spend, and then medicare popped up and it's been nothing but silk and champagne since. :laughing
 
rodr said:
Yeah well, if paying it off makes you feel better that's a good reason. :)
Click to expand...

I posted that more from point of view of me making post here, and that popping up in my feed. Eerie. :laughing
But yeah I kind of agree.
 
TwoWheelsRule said:
Look into backdoor Roth and mega-backdoor Roth (if your company and plan allow it)....
Click to expand...

I just discovered this. Don't know about the 'mega' back door but regular backdoor into roth is interesting and for now 100% legal.
 
Dubbington said:
I just discovered this. Don't know about the 'mega' back door but regular backdoor into roth is interesting and for now 100% legal.
Click to expand...

Mega backdoor depends on if your plan/company allows it. Basically, you contribute additional funds to "After-tax 401k", and immediately roll those funds over into ROTH IRA (24 times a year, right after each pay cycle). There won't be any (or minimal) capital gains that you would have tax liability. Then, once in ROTH IRA all gains are tax free.

Regular IRA contribution limits = $5.5k

Total 401k contribution limits = $55k

Potential After Tax contributions = $55k - $18.5 = $36.5k (less any company match)

Don't pay tax if you don't have to on all your gainzs....
 
Last edited:
Anyone have eyes on blockchain stocks, not crypto. Companies that actually build and/or invest in the blockchain tech?

My buddy and his dad get the Dine's Letter from investor James Dines. He recommends BTL Group (btllf). It's down 50% from its 52 week high.
 
TwoWheelsRule said:
Look into backdoor Roth and mega-backdoor Roth (if your company and plan allow it)....
Click to expand...

TwoWheelsRule said:
Mega backdoor depends on if your plan/company allows it. Basically, you contribute additional funds to "After-tax 401k", and immediately roll those funds over into ROTH IRA (24 times a year, right after each pay cycle). There won't be any (or minimal) capital gains that you would have tax liability. Then, once in ROTH IRA all gains are tax free.

Regular IRA contribution limits = $5.5k

Total 401k contribution limits = $55k

Potential After Tax contributions = $55k - $18.5 = $36.5k (less any company match)

Don't pay tax if you don't have to on all your gainzs....
Click to expand...

Hmm so basically contribute to IRA and roll over to Roth?

EDIT: NM I was confused. For traditional IRA income limit is on tax deduction.

So if I contribute to traditional IRA, after tax, no deduction, then convert to Roth IRA what is tax consequences?
 
Last edited:
Dubbington said:
Anyone have eyes on blockchain stocks, not crypto. Companies that actually build and/or invest in the blockchain tech?

My buddy and his dad get the Dine's Letter from investor James Dines. He recommends BTL Group (btllf). It's down 50% from its 52 week high.
Click to expand...

If I was your age and investing for the future, that would be a 5% position. If that. Of course BTL could be a tremendous bargain, at half what it once was, kinda like Bitcoin :laughing. Or that may be the highest it will ever get.
 
UDRider said:
Hmm so basically contribute to IRA and roll over to Roth?

EDIT: NM I was confused. For traditional IRA income limit is on tax deduction.

So if I contribute to traditional IRA, after tax, no deduction, then convert to Roth IRA what is tax consequences?
Click to expand...

Generally speaking, there are no tax consequences, if your existing traditional IRA balance is $0. However, if you have tax deferred contributions and tax deferred growth in a T-IRA, the IRS requires "proportional" withdraws, which could result in tax implication at the time of rollover. The IRS also views all your IRA accounts, regardless of broker, as one big massive IRA.

So dig into it, understand your own situation and the implications. But yes, you can make non-deductible contributions to T-IRA, convert to ROTH, and have no tax consequence, if you set everything up correctly.
 
Dubbington said:
Anyone have eyes on blockchain stocks, not crypto. Companies that actually build and/or invest in the blockchain tech?

My buddy and his dad get the Dine's Letter from investor James Dines. He recommends BTL Group (btllf). It's down 50% from its 52 week high.
Click to expand...

I had talked about ARKK before.. I believe it fits in that sector.

However with the decline in the crypto market I think you will see either a high death rate or consolidation and not much pure growth.

Even video card companies are seeing price drops as the ASICs (spelling?) start being more commoditized. And not sure you can buy stock in those companies on our exchanges yet.
 
You must log in or register to reply here.
Back
Top