Any stock picks?
- Thread starter ugaballers
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Basically forces you to not have a brokerage account that isn’t tax advantaged
No nothing will change there but it will likely be a shelter in the Biden environment depending on what one’s income is. Just look into it and see what you think but for middle income to upper middle income it’s probably going to be an available shelter where the fees outweigh the potential taxes. It will be for the passive investor.
Usually there are loopholes when it comes to a shift in policy. Just look for them.
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Nah. I think the “urgency” of the economy for 2021 will put this in play. If it occurs for 2022, it will be an election issue and Biden will lose both houses of Congress over it as the economy would be worse than when he got it. Doing it for 2021 will allow the economy to recover some and he tout himself. Pelosi, Schumer want to tax 401k values too, don’t be surprised when that comes about.
Def not saying your wrong but I can't any info on it. Could you link me to this?
Conjecture on my part. The overall tone of haves and have nots that has been pushed for a while. But if you want to read how the new admin wants to back door tax the rich and subsidize the poor, here you go
Good reading. Thank you for the article. I just started to boost my Roth IRA contributions and will look at that within my 401k because we do have that option of Roth in there.Conjecture on my part. The overall tone of haves and have nots that has been pushed for a while. But if you want to read how the new admin wants to back door tax the rich and subsidize the poor, here you go
There is an argument to be made only contribute the amount that is matched and push the rest to traditional Ira that you can convert to Roth. Depending on your income level.
Yes, may need to rethink some of this. I contribute 10%, match is 50% on first 6%. I used to max at 19% early on before kids. Appreciate the info.
Look at companies the govt supports and buy that. Markets seem to love corporate fascism. Just figure out the pre-determined winners and buy that. I would imagine that is what smart brokers are trying to do for their clients.
ARK funds and TDOC getting absolutely crushed right now. You buying more? I know Cathie did...
ITRM, once they get their ADCOM date set. FDA screwed them over by moving back the prior date. Decision is still scheduled for July 25 for now. They have a big conference coming up next Thursday that will hopefully clarify some things.
No position in the meantime, but I'll load up sub-$1 if the opportunity presents itself. Closed at $1.03 today and will probably have another dip prior to the conference.
No position in the meantime, but I'll load up sub-$1 if the opportunity presents itself. Closed at $1.03 today and will probably have another dip prior to the conference.
Nope got out of tdoc. May get back in later. Gonna see how they do for a bit. I’ll stay in Arkk. It’s not gonna be good for a few quarters I don’t think. I’ll use it for my growth stocks which have lost their favor on Wall Street. They will be back at some point. I’m 70% Arkk, VTI, QQQ, VXUS. Then I spread the rest out over sq, mgm, swks, msft, crwd, ba. It’s not been great lately. Several of those stocks have pulled back a decent amount in the last few months but I still like them long term.
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