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Investment Thread - For all your money needs

I am looking at 529s for the Clutch twins college tuition. If I had a sizeable chunk of money now to put in, what would be the reasoning to put it all in the 529s now rather than put a token amount in and put the rest in a traditional investment portfolio and move money from that every year into the 529?

Did I say that correct? Put all money into 529s this year or put money into traditional portfolio and use that to fund the 529s?
 
Tax free growth.

Say you’re investing in some index fund outside the 529. Through the course of owning it you receive dividend income (taxed) and then when you sell some to fund the 529 you get taxed on your capital gains. Doesn’t seem like much but it’s a pretty big drag over time.

In the 529 none of those dividend events are taxed and at the end when you sell (and use it for qualifying exps like tuition), you don’t pay tax on that either.
 
Yep

The longer the money is in the 529, the more you save on taxes…should be better net growth/gain.

Only reason not to put in the 529 is if you think you may need the money for something else.
 
So…looking at high yield savings accounts…obviously the best rates are for online banks.

Anyone here done anything with Vio bank?

Good or bad experience?
 
Anyone else concerned this delta variant may cause havoc on the markets?

Florida just reported its 2nd most cases in a day. Australia is back into lockdown. I’m concerned.
 
Seems too manipulated that the bitcoin price has been stuck at $33k for the past month (the point where Tesla bought 6 months ago)

Elon buying on the side to keep tesla from being a loser ?
 
AnonymousDeac said:
Anyone else concerned this delta variant may cause havoc on the markets?

Florida just reported its 2nd most cases in a day. Australia is back into lockdown. I’m concerned.
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I'm mostly in cash at this point and just riding a few swings, and waiting for the big drop to buy back in.

I think the dynamics are different going forward due to retail investors. Drops will be swift and severe but not as long lasting.
 
SQFT

Long-ish position (months/quarters). Dividend is out of fucking control. Strong buy right now around the $4 mark.
 
The level 2 data I've seen today has some massive short positions on the HOOD IPO. As much as I hate Robinhood and the shady way they fucked over the GME holders back in January, I think long term it's a cash machine as long as the SEC doesn't crack down on payment for order flow.
 
Liquid Karma said:
The level 2 data I've seen today has some massive short positions on the HOOD IPO. As much as I hate Robinhood and the shady way they fucked over the GME holders back in January, I think long term it's a cash machine as long as the SEC doesn't crack down on payment for order flow.
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I read an article recently about just how dilutive this IPO was for the people buying

Warning: Robinhood IPO is One of the Most One-Sided Casino Offerings in History
https://mishtalk.com/economics/warn...he-most-one-sided-casino-offerings-in-history
 
13 to 16 million shares reserved for RH customers.

RH customers have an average account balance of $240.

They aren't going to shift their meager stake from AMC to HOOD.

I hope this thing gets shorted to the floor,but ultimately it will make $.
 
The Amazon sell off on their earnings and Q3 forecast is the canary in the coal mine re: supply chain effects on retail going into fall.
 
Donkey Deac Doug said:
Yo, ATS and Blue, my spider sense is tingling. Feels like housing inventories are really taking off. Prices are still sky high, but I think the market is leveling off. I'm really surprised at how much the inventory seems to be increasing. Feels eerie.

Maybe it's the rain, but I'm feeling like we could go the other direction fast if the ol' COVID comes back.
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I think for housing, it's more of a seasonal thing. I expect buyers to come out strong next spring. Stocks probably react well ahead of that... I wouldn't own the homebuilding stocks now, but might place a trade in October.

More broadly, it's been tough recently to figure out the narrative... There are definitely concerns out there about lockdowns coming back. Do you play COVID beneficiaries? Do you play reopening stocks? Do you play growth because the Fed isn't going to let the market crack? I'm always more bearish/cautious than most... No idea what to do right now.
 
DeacsATS said:
I think for housing, it's more of a seasonal thing. I expect buyers to come out strong next spring. Stocks probably react well ahead of that... I wouldn't own the homebuilding stocks now, but might place a trade in October.

More broadly, it's been tough recently to figure out the narrative... There are definitely concerns out there about lockdowns coming back. Do you play COVID beneficiaries? Do you play reopening stocks? Do you play growth because the Fed isn't going to let the market crack? I'm always more bearish/cautious than most... No idea what to do right now.
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I have no idea what to do, either. Which is why I'm fucking around with REITs. They won't make me MM, but I won't lose my ass while I figure out the next play.
 
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