Talking stocks, trading, and investing in general

[jbarwick]

What do you call a stock that dropped 90%? One that fell 80% then fell another 50%.

 

[patrickBOOTH]

?

 

[jbarwick]

People love their losers. They also like to catch falling knives. Did your coworker buy in on the dip or just held individual stocks for some reason?

 

[patrickBOOTH]

He bought the dip, but then it dipped further. He was just of the mind that utilities can't go bankrupt.

 

[gettoasty]

Does anyone find the IRS Withholding Calculator helpful or there is something else you guys use? Payday is tomorrow and have to submit new W-4 and 401(k) salary deferral form!

 

[venividivicibj]

I just claim 0 as a way to help me save. I know it's dumb and not efficient, but it works for me.

 

[jbarwick]

My first instinct would be to call your accountant. The reason I say this is my wife and I got an unexpected tax bill the year after we married. We both claimed 0 but due to income we owed like $5-$6K if I remember correctly. We then started paying an extra $400 per month to catch up throughout the year. This additional amount then varied based on kids, 401k contributions, and the new tax bill introduced last year.

 

[patrickBOOTH]

Yeah, I am kind of nervous this year with the tax changes. I have used the IRS calculator and it seems that I will get back about the same amount as I normally do, which makes me a bit nervous.

A lot of coworkers in the past have gotten whacked when they changed their filing status as married. I think it depends on whether you will file jointly and all of that jazz. Also if one person makes significantly more than the other there's weird stuff that can happen.

 

[lawyerdad]

He bought the dip, but then it dipped further. He was just of the mind that utilities can't go bankrupt.

All about lowering dat basis.

 

[Piobaire]

I just claim 0 as a way to help me save. I know it's dumb and not efficient, but it works for me.

I do that and then have an extra $300 a cheque taken off too.

I think we're going to end up paying more due to the damn SALT limitations. Just our property tax more than eats up our SALT.

 

[brokencycle]

All about lowering dat basis.

I buy every time the market dips and sell every time it goes up. I also re-balance my portfolio daily. Am I doing it right?

 

[lawyerdad]

I buy every time the market dips and sell every time it goes up. I also re-balance my portfolio daily. Am I doing it right?

If you're using margin, then yes.

 

[Piobaire]

Was reading fund prospectus for available ones in Mrs. Piob's 457. One fund is a "guaranteed income" fund that does not guarantee the investors any income! It does however guarantee the fund managers 1.5% in fees.

 

[jbarwick]

The guaranteed income funds I have seen pay out principle if the income does not meet the stated threshold.

 

[lawyerdad]

The Ponzi schemes I have seen pay out principle if the income does not meet the stated threshold.

ftfy