2023 Thread: http://www.portvapes.co.uk/?id=Latest-exam-1Z0-876-Dumps&exid=threads/official-2023-stock-market-thread-💰.2609587/
Hopefully 2024 will be a good year.
Hopefully 2024 will be a good year.
I've been watching MARA since $11, now 25, high 31. Scary valuation for BC stocks right now IMO, but you never know.Nasdaq futures down 1% to start the year. Bitcoin has been somewhat of a leading indicator. That's up 7% since yesterday evening.
I wish I had money when it was $26 back in March.I like Intel for 2024. 🦾
Just pluck some off your money tree. 😉I wish I had money when it was $26 back in March.
Sure, if you already have the $20k in a traditional IRA and want to pay taxes on it this year as income. The conversion allows you to dodge the 10% early withdrawal penalty but you have to pay back the original tax breaks and taxes on profits.Backdoor Roth question: I know the backdoor gets one around the income eligibility limit for Roth IRAs. Does it also get around the contribution limit? Could one roll $20,000/year into a Roth?
I believe the taxes need to be paid out of pocket, if you pay them out of the moved money it is seen as an early distribution and penalized.Sure, if you already have the $20k in a traditional IRA and want to pay taxes on it this year as income. The conversion allows you to dodge the 10% early withdrawal penalty but you have to pay back the original tax breaks and taxes on profits.
Backdoor Roth is just a Roth conversion where you contribute to a traditional IRA and convert it right away, and never take the tax break. The usual IRA max contribution applies each year. Figuring the taxes gets annoying unless you have no other traditional IRA assets.
If you have a 401k plan that allows for after tax contributions then you can set it up as a mega backdoor Roth and shovel $69k into it (between all 401k contributions combined, including the regular $24k and employer contributions). My wife’s has that option but mine doesn’t despite both being administered by Fidelity.
Wish I had a money tree....Just pluck some off your money tree. 😉
NVDA up 6.43% and AMD up 5.48% today ahead of the official start to CES tomorrow. My VGT is up 2.55%.AI
CES is in a week and I'm sure everyone presenting will have something centered around it. I anticipate an up day for tech stocks.
Personally, I'm looking forward to all the nifty ways grifters will be using the technology.
AAPL downgraded by Barclays. Currently down over 3%. MSFT also down by 2%. Wedbush predicted earlier today that the Nasdaq will be hitting 20,000 led by Apple and Microsoft.
Watching Nvidia go from $150 to $522 in the last year is mind boggling.NVDA up 6.43% and AMD up 5.48% today ahead of the official start to CES tomorrow. My VGT is up 2.55%.
AI something something.
The question is, is the horse race over for now?Watching Nvidia go from $150 to $522 in the last year is mind boggling.
Congrats to everyone who bet on that horse.
Maybe, maybe not...Core rate of inflation rose 0.3% in December. 3.4% vs 3.1% in November. They probably won't be doing as many rate cuts as the market has priced in.
European stocks and bonds retreated after European Central Bank officials poured cold water on expectations for rapid rate cuts even as data from Germany underscored the challenging backdrop for economic growth and corporate profits.
And when they come, the market will rally anyways. When you play for the long run it doesn't matter that much.Looks like the market is realizing....there wont be any rate cuts.
Told you!