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03-30-2018, 07:11 PM | #1831 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
The Crux will be whether or not it’s worth a flying feces. |
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Posts: 57,867
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03-30-2018, 08:21 PM | #1832 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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On a very short term basis, GE is starting to show some positives. The $12ish handle could be a good buying point.
On a long term basis the stock looks like crap. But, if the rumors are true around this stock I don't see it going much lower. The breakup value of the various GE businesses will start to become very attractive. There was a false buying opportunity around the $18 range in January that a lot of people bought into. They most likely have been shaken out now and the time to buy is more likely now that all of them have bailed. |
Posts: 129,609
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04-02-2018, 04:37 PM | #1833 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
High five on X. We nailed that sucka! It's at 34 now. |
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Posts: 40,637
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04-03-2018, 07:17 AM | #1834 |
Fish are scared of me
Join Date: Nov 2001
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added a little moar NFLX this morning premarket at 281.40
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Posts: 40,637
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04-03-2018, 06:47 PM | #1835 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
And yes, that was great. Doubled my money on it! Thanks for investment conversations we’ve had. |
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Posts: 46,116
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04-05-2018, 07:23 AM | #1836 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
If I held onto the puts after I sold the stock, I would have MADE money a few days later. GE has worse problems than they claimed to disclose at the big write down. I don't trust their accounting and that all the bad news is still out. I could see more dividend cuts. Looks cheap but it could get under $10 IMHO. I certainly didn't think so at $19+ when I bought shares. |
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Posts: 52,464
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04-06-2018, 03:30 AM | #1837 |
**** off
Join Date: Feb 2007
Location: New York
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I'm a n00b to this thread, but my spouse just lost her job and I'm taking care of all the bills. Things are snug, but we're not worrying about our lights being shut off.
My question to everyone is should I lower my 401K contribution until she finds something new? Sure in the short term I'll get a little extra in my check, but is it worth it to do so in the long term? Currently, I put in 8% with my company matching up to 5%. |
Posts: 5,237
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04-06-2018, 03:42 AM | #1838 | |
Banned
Join Date: Jan 2013
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Quote:
Perhaps invest the 3% into an IRA so you can access if needed. |
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Posts: 53,803
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04-06-2018, 05:57 AM | #1839 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,637
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04-06-2018, 07:29 AM | #1840 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
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Posts: 57,867
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04-06-2018, 07:51 AM | #1841 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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Quote:
Agree with eDave. Go to 5% to take the match. NEVER say no to free money! The three percent probably doesn't matter much either way, but in case your spouse's reemployment takes longer than expected, you might prefer it in your pocket. |
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Posts: 43,125
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04-06-2018, 08:46 AM | #1842 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Not that we need more agreement with eDave, but here's one more. Don't touch the 5% unless things are getting REALLY sketchy.
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Posts: 52,463
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04-06-2018, 11:24 AM | #1843 |
Sexiest Athlete
Join Date: Apr 2001
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Think of it this way: That 5% match is a 100% return on your investment....
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Posts: 12,685
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04-06-2018, 12:04 PM | #1844 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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Quote:
Yeah, but just to emphasize - a 100% TAX DEFERRED return on your investment, with both the investment and the match growing in a TAX DEFERRED manner as well. Honestly, if you aren't searching the couch for quarters, you shouldn't be cutting into that 5%. |
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Posts: 43,125
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04-06-2018, 02:54 PM | #1845 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Also, having a mix of traditional and Roth money in retirement gives you more flexibility in terms of tax avoidance in retirement. At least, for average joe's, I think this normally makes sense.
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Posts: 6,386
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