All Things Personal Finance

[bobby]

and speeking of investments 

 

  The Oakland ball player is looking for an investor 

oakland ballers

 

 

 

 

 

 

 

 

 

 

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[Witness1970]

  On 3/25/2025 at 10:21 AM, Witness1970 said:

That sounds like a very god idea.  Once you reach full retirement age, there is no limit to how much you can earn without affecting Social Security payments.  I just looked it up and I can put $8,000 into a traditional IRA or Roth IRA or split between the two.  I just have never found a source of income that I could use.  Of course, I would have to keep accurate records to pay income tax on my earnings.

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  On 3/25/2025 at 11:47 AM, Witness1970 said:

I failed to mention that any amount you put into an IRA has to come from Social Security.  It cannot come from SS, company pensions, or IRA/401K disbursements.

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When I started to correct myself, I made another mistake.  I meant to say Amounts contributed to an IRA must come from earned income.  Saying it must come from taxable income is a little confusing.  My pension and 401K are taxable.  Even my SS is partially taxable.  But I am pretty sure that I have to earn income to invest in a Roth IRA. I'll have to do more resear

Edited March 26 by Witness1970

[trottigy]

As this is "ALL things personal finance" - what do we think of Tesla stock - up or down - stay away?

[computerwiz]

  On 3/26/2025 at 2:07 PM, trottigy said:

As this is "ALL things personal finance" - what do we think of Tesla stock - up or down - stay away?

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Short-term buying opportunity for sure.  Local top around $320, approximately.  Long-term is not clear to me, maybe drop to $220 again?  Overall...can't go wrong with Tesla.

[trottigy]

Sadly, I was on that rollercoaster and felt good. It went up 25% in a short time, but I wasn't watching and it tanked 40% - making me at a loss of 15% overall. I got out the moment I saw it hit $223.55. It dropped even lower and I just .... I am not sure I can stomach the ups and downs. Today it is $277.

 

Their sales all over the world is also tanking and then there is the recalls .... It just feels like it is hitting tremendous head winds.

[trottigy]

 

I saw my first self-driving cars in Sedona, AZ last week, but they were Jaguars.

 

 

https://waymo.com/waymo-driver/

 

 

Edited March 26 by trottigy

[Landon1285]

  On 3/26/2025 at 2:07 PM, trottigy said:

As this is "ALL things personal finance" - what do we think of Tesla stock - up or down - stay away?

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Buy buy lol.

 

The stock current losses seem politically motivated in my opinion so eventually it'll swing back up.

[computerwiz]

  On 3/26/2025 at 3:47 PM, trottigy said:

Sadly, I was on that rollercoaster and felt good.  .... I am not sure I can stomach the ups and downs. Today it is $277.

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This is why I don't look at the stock market or crypto much.  Make your picks on what should be good long-term, and just let it ride.  And definitely don't put all eggs in one basket....

 

Or let something like Wealthfront deal with the ups and downs.  Not worth the stress!!  We've got enough on our plates to worry about.

 

I learned the charts pretty well and made some pretty impressive calls before.  But no amount of money can buy the peace of sleeping easy...

[trottigy]

I think I am going to wait until after April 2 and then see what the tariff or non-tariffs turn out to be.

 

https://apnews.com/live/donald-trump-news-updates-3-26-2025#00000195-d37a-d397-afb7-f37bab1b0000

 

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The White Houses claims the tariffs will foster domestic manufacturing.

It also could put a financial squeeze on automakers that depend on global supply chains.

 

Press secretary Karoline Leavitt said she would leave it to the president to flesh out his plans to tax foreign-made autos and parts, which could be complicated as even U.S. automakers source their components from around the world.

 

Shares in General Motors have fallen roughly 1.7% in Wednesday afternoon trading. Ford’s stock was down roughly 1.5%.

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Edited March 26 by trottigy

[computerwiz]

While Tesla does look good on the weekly chart (for short-term gains), I am reminded that things look "poopy doopy" for the next few months:

 

 

[Cushi]

  On 3/26/2025 at 10:44 AM, Witness1970 said:

Saying it must come from taxable income is a little confusing.  My pension and 401K are taxable.  Even my SS is partially taxable.  But I am pretty sure that I have to earn income to invest in a Roth IRA. I'll have to do more resear

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Yeah, you’re right. I forgot Social Security can be taxed under certain circumstances. Yes, money invested in a Roth IRA would have to be earned income.

[Tortuga]

  On 3/26/2025 at 5:53 PM, trottigy said:

I think I am going to wait until after April 2 and then see what the tariff or non-tariffs turn out to be

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It seems odd that Trump would declare his Liberation Day the day after April Fools Day...

[Cushi]

  On 1/8/2025 at 6:38 AM, Cushi said:

 

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With the stock market being down because of the U.S. levying tariffs, now is a good time to act upon advice like this. Look at the current situation as an opportunity to buy cheap stocks 😊

[trottigy]

  On 4/3/2025 at 10:01 PM, Cushi said:

With the stock market being down because of the U.S. levying tariffs, now is a good time to act upon advice like this. Look at the current situation as an opportunity to buy cheap stocks 😊

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Which is great if you pulled your money BEFORE this happened so you have some to invest, but if you didn't - now you have even less. 

Edited April 4 by trottigy

[computerwiz]

 

[Cushi]

  On 4/4/2025 at 2:18 AM, computerwiz said:

 

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Yep, that's exactly what I've been doing. I bought in when the market dipped after the tariffs were announced. And then I bought again a few days ago and then again today. 

[Cushi]

  On 4/4/2025 at 1:47 AM, trottigy said:

 

Which is great if you pulled your money BEFORE this happened so you have some to invest, but if you didn't - now you have even less. 

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That's why I prefer to keep more than the 3 to 6 months living expenses rule. I have 7 years worth of living expenses saved up. Some would say that's excessive, but I prefer to have plenty of cash on hand for large expenses that could pop up (and I’ve had quite a few in the past 2 years) or for things like this, a great investment opportunity.

Edited April 4 by Cushi

[Tortuga]

  On 4/4/2025 at 1:47 AM, trottigy said:

 

Which is great if you pulled your money BEFORE this happened so you have some to invest, but if you didn't - now you have even less. 

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Trump says the market will boom...or did he mean to say it will go boom? 

 

https://www.msn.com/en-us/money/markets/the-markets-gonna-boom-says-trump-as-wall-street-tumbles-over-tariffs/ar-AA1CfwE9?ocid=socialshare

[Hotteok]

Buy in fear..

which stocks would you recommend? 
Tesla? Which seems to have more room to fall.

[computerwiz]

  On 4/4/2025 at 10:21 AM, Hotteok said:

Buy in fear..

which stocks would you recommend? 
Tesla? Which seems to have more room to fall.

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I don't do individual stocks, too risky.

 

If you want tech related, buy QQQ. If you want overall market, get SPY. 

[Tortuga]

  On 4/4/2025 at 12:41 PM, computerwiz said:

 

I don't do individual stocks, too risky.

 

If you want tech related, buy QQQ. If you want overall market, get SPY. 

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I have a diversified portfolio that includes individual stocks, mutual funds and international stocks. QQQ is down 17% YTD, SPY is down 13.5% YTD, my diversified portfolio is down 6% YTD.

[bobby]

what is QQQ

[Cushi]

  On 4/4/2025 at 3:34 AM, Cushi said:

That's why I prefer to keep more than the 3 to 6 months living expenses rule. I have 7 years worth of living expenses saved up. Some would say that's excessive, but I prefer to have plenty of cash on hand for large expenses that could pop up (and I’ve had quite a few in the past 2 years) or for things like this, a great investment opportunity.

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I was just talking about this the other day and came across this video. I'm going to post the link instead of paste the video because they guy uses some language that could be seen as offensive. No profanity though. I feel just the way he does.
 

https://www.youtube.com/watch?v=0qQh9sRK5as

 

[bigvince]

Guys, after so many issues over the last year or so, I am finally getting to where I have a good amount of money left over each month. Where should I start?

[computerwiz]

  On 4/7/2025 at 12:52 PM, bigvince said:

Guys, after so many issues over the last year or so, I am finally getting to where I have a good amount of money left over each month. Where should I start?

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Depends on you.  Do you want to play it safe or big risk/big reward?  Do you want to be hands-on, constantly making adjustments and trades?  Or hands-off, let someone else do the thinking?

Edited April 7 by computerwiz