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11-09-2018, 08:40 AM | #2416 |
Buddy Christ is a Chiefs fan
Join Date: Nov 2008
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Posts: 10,830
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11-09-2018, 09:25 AM | #2417 |
Fish are scared of me
Join Date: Nov 2001
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I obviously have as much influence as JP Morgan. GE sat between 12-15 forever. It goes to 11.60 so I throw 1K at it and now it's at 9.60.
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Posts: 40,778
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11-09-2018, 09:38 AM | #2418 |
Buddy Christ is a Chiefs fan
Join Date: Nov 2008
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Posts: 10,830
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11-15-2018, 12:31 PM | #2419 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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Tossing around the option of a whole life policy as supplemental savings. I know that most people say buy term and invest the difference but the Long term care rider and tax avoidance when withdrawing later in life is appealing. Im 50 years old. and after 17 years the thing pays the premiums from the dividend, you stop paying into it, still get the 500K death benefit plus cash value at that point is around 290K.
This would be a supplement to a 401 K that I've built up over the past 25 years. Thoughts? Add this or keep contributing to 401K (some balanced funds and bonds as well as international stocks) and a online trading accounts (US stocks mostly tech and younger companies). but then be vulnerable to market shifts and taxes down the road. |
Posts: 11,924
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11-15-2018, 01:18 PM | #2420 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Typically you can do better in mutual funds but it’s not a terrible tool. |
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Posts: 57,710
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11-15-2018, 01:39 PM | #2421 |
Supporter
Join Date: Aug 2000
Location: Utopia
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Congratulations. This thread drew me into the Etrade hobby early in the year. I've invested only "extra" money like FFB winnings, dividends from other investments(bioD etc)....
So far, I'm only down about $750 on the year on whims I obtained by reading here.....GE looked like a good idea because it was down and I'd had reason to believe some industry relevant things were going to pay off for them....US steel, Silica and some other things when I thought the oil boom and Steel Tariffs were going to pay off..... I'm learning though, and I cashed out a couple of shitters and took a shot at a couple of hemp stocks. someday, I'll cash out a roll. |
Posts: 61,984
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11-16-2018, 12:52 PM | #2422 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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I'm not going with the whole life. Its basically putting a big wad of money into an account for 18 years to have access to about that same amount of that money. Anything you pull out takes away from the balance of the account AND the death benefit. I'd rather manage my own investments and pay uncle sam 30% of a higher wad of investment gains.
What it came to, was once I started running scenarios of how/when I would want to use the money down the road, the perceived benefit went away. The insurance salesman (introduced to me as a financial advisor, lets be clear, he's a salesman first) didn't tell me details about how taking money out would deplete the asset AND the benefit. I was led to believe that there were three piles of money (long term care benefit, death benefit and cash value) when in fact they are all the same pile of money, and once you start to withdraw from any of them they all go down. Whole life insurance investments are for people who've maxed out their 401 K, IRAs and other investments (real estate, rental property, etc) and want to leave their family money when they die that isn't taxed like estate tax. Last edited by TinyEvel; 11-16-2018 at 04:39 PM.. |
Posts: 11,924
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11-16-2018, 01:07 PM | #2423 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
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Posts: 142,670
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11-17-2018, 10:59 AM | #2424 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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GE is a turd. I told you guys that many times here. Just because a stock is cheap, does not mean it's worth owning.
I've been using this volatility to make a bit of money. Bought and traded out of Goldman Sachs earlier this month for a quick few hundred dollar profit. It since has declined 15%. They really have some shady business practices. My current buy and trade is using UPS, which should post a strong 4th quarter this year with a stock trading below ($110) it's projected value of $125 which should come by years end. If holding long-term it also provides a 3.3% dividend. Apple has also recently taking a beating. Using past trends, it's always a good time to pick up Apple after a steep decline. Nothing wrong with owning a stock of a company with a huge cash pile and that people love. It's a great stock to swing trade or hold long term. |
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11-20-2018, 07:49 PM | #2425 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Hold on to your asses boys. I think this gets worse.
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Posts: 46,069
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11-20-2018, 07:50 PM | #2426 |
Banned
Join Date: Oct 2018
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Time for Trump to answer
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Posts: 569
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11-20-2018, 08:07 PM | #2427 |
Fish are scared of me
Join Date: Nov 2001
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Stock Market went to shit just as soon as Clay got involved. Literally to the day!
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11-20-2018, 08:38 PM | #2428 |
Buddy Christ is a Chiefs fan
Join Date: Nov 2008
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I picked the wrong time to open a Roth IRA and drop 11,000 in there for me and my wife. Grrrr....
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Posts: 10,830
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11-20-2018, 08:58 PM | #2429 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,069
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11-21-2018, 09:26 AM | #2430 |
Buddy Christ is a Chiefs fan
Join Date: Nov 2008
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I am saying I already did it. I did it maybe a month ago. Wasn't horrible since there had already been some huge drops but it could have been better. I can drop another $12,000 in there after the first of the year though.
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