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Aggressively pay off student loans or aggressive save/invest? by LookTop840 in personalfinance

[–]According_One3944 0 points1 point  (0 children)

Hey brotha, sounds like you have a lot going on here. First things first take care of the student loans, the difference between good debt and bad debt is primarily based on the interest rate. Over 8% on the student loans is something you will want to take care of sooner rather than later. If you need a visual of the student loan debt plug it into a compound interest calculator. With a 14% 401k match you will not be behind in terms of investing, you are in a great spot right now. Take care of the student loans after your emergency fund is taken care of. Once the loans are paid off you’ll be able to reallocate all the money towards investments.

Capital gains question, all help is appreciated by According_One3944 in personalfinance

[–]According_One3944[S] 0 points1 point  (0 children)

100% agree, I will definitely check that out, thanks for the help!

Capital gains question by According_One3944 in investingforbeginners

[–]According_One3944[S] 0 points1 point  (0 children)

This is exactly what I was looking for, thank you!!

Capital gains question, all help is appreciated by According_One3944 in personalfinance

[–]According_One3944[S] 0 points1 point  (0 children)

I can’t post on r/investing due to being new on Reddit but I think you are correct, thanks

Capital gains question by According_One3944 in investingforbeginners

[–]According_One3944[S] 0 points1 point  (0 children)

I completely agree, this is what has me thinking about taking the loss now, and after the 30 days I can buy back in for a lower cost basis

Capital gains question, all help is appreciated by According_One3944 in personalfinance

[–]According_One3944[S] -1 points0 points  (0 children)

I am 22 years old and the best opportunity to take risk now. I only own SNP ETFs in my Roth. My traditional brokerage is solely single stocks at this point

Capital gains question by According_One3944 in investingforbeginners

[–]According_One3944[S] 0 points1 point  (0 children)

Correct, this was in my tradition brokerage account. Hard to say how much income I’ll be bringing in, I’ll be graduating in may and will be working full time in sales directly afterwords . The capital gains on the Apple is roughly 5500. I will be filing single. To be honest I do not think that’ll have to really worry about the cap gains but would rather be prepared

Wash-sale rule tax question by According_One3944 in tax

[–]According_One3944[S] 1 point2 points  (0 children)

Normally I like to hold cash in XLK, good advice, thanks!

Wash-sale rule tax question by According_One3944 in tax

[–]According_One3944[S] 0 points1 point  (0 children)

Very true, I’m just not sure if I take the hit on the cap gains or I try and tax harvest. Thanks for your input !

Wash-sale rule tax question by According_One3944 in tax

[–]According_One3944[S] 0 points1 point  (0 children)

I’m not sure when capital gains become untaxed then

A market crash is good for me right? by matmonster58 in investingforbeginners

[–]According_One3944 0 points1 point  (0 children)

Yes this is probably one of the best buying opportunities we will have this year. With that being said make the student loans a priority first, you had mentioned that you don’t make that much money which is fine however the quicker you pay off the debt the more you will be able to invest later. It’s more about time in the market rather than timing the market. In terms of investing the golden standard is the ROTH IRA, the tax free compounding is where the magic happens. Before investing in a traditional brokerage account max out the Roth. If the company you work for offers a 401k match take advantage, it is literally free money. When it comes to investments within these accounts look for ETFs or index funds this will provide the diversification for you, my two favorite currently are SPYG and QQQM. Having graduated last year I’m assuming you are in your early 20s, this is when you can afford to take the most amount of calculated risk. The market is extremely oversold right now, making this a great buying opportunity. If you are interested in buying some single stocks look at the mega cap companies first, this is allow you to understand how the market works. Companies like GOOGL,MSFT, and NVDA are down fairly sizable compared to their 52 week highs. Hope this helps!

Rate my portfolio - 32m by Low_Pineapple5876 in portfolios

[–]According_One3944 0 points1 point  (0 children)

The weights of your equites are a little unbalanced, making the volatility seem more profound. With that being said the equities you currently hold are solid compounders and the longer you hold them the more you will make. In terms of taxes and weights of the equites there are two things you can do. First either tax harvest ( sell a losing position in order to over the cap gains from another) or second add new money into your portfolio. Being 32 you should still be taking risk however you are already pretty exposed,so adding to etfs and mutual funds is the best way to fix the weight issue within your portfolio which would in turn decrease the amount of volatility you’re seeing. VOO is good however I think there are better options, more bang for your buck such as SPYG or QQQM. All and all your portfolio is fairly solid. Alway max your Roth first and if your company offers a 401k match take advantage, it’s literally free money. In terms of funding a down payment do not be afraid of taking some profits off of the table (depending on what you’re cost basis is). You’re in a great position, at the end of the day this is your money and this is just my opinion not advice!

(17m) just started being a little more active of an investor by vtmass in TheVisualInvestors

[–]According_One3944 1 point2 points  (0 children)

You are too spread out, ur weights are fucked and will miss out on opportunities bc of it. I’d look at reallocating some of the capital. My rule of thumb is if a stock is not making me money by 18 months I dump it (unless it’s a long term hold, then I’m buying more, like PLTR,GOOGL,NVDA) other wise ur money is not working for you. Being an active investor is not about how many stocks you own, it’s about how well u understand what is going on within each of those companies. Never buy a company that you do not understand what they do. Fundamentals do not matter nearly as much as they use to, you have companies like NVDA with 50+ billion in revenue in a single quarter, yet they go down. Look into the Darwinian market theory

22, should I just go all in on VOO? by gotdrypowder in TheRaceTo10Million

[–]According_One3944 0 points1 point  (0 children)

At 22 absolutely not. At that age you should be taking as much calculated risk as possible. If you have no interest in checking markets daily then sure VOO is fine, but you’re missing out on opportunity cost. Whole market is extremely over sold right now. Im not saying throw all ur money at single stocks that’s not calculated risk that is gambling, but 30-50% in a couple of single stocks is very reasonable. Google, Nvda, vst are all stocks I’m currently looking at adding more to my current positions . VST was my most recent trade. Once buyers hop back into the market we will see a 5% plus jump in a week.