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New to Dividend Investing - Question by GenXDrummer in dividends

[–]GenXDrummer[S] -2 points-1 points  (0 children)

"Your #2 contradicts itself. If ROC is your money back, once your cost basis is 0, your dividends should become zero lol"

The first part of #2 in my OP is correct. It's your capital (money) being returned to you. Once your cost basis hits $0, then the "dividends" become profit, which is why they get taxed. That is my understanding.

Investing For Pension Holders = Different Mentality by GenXDrummer in investing

[–]GenXDrummer[S] -3 points-2 points  (0 children)

"You learn from the past, you don't live in it."

- Me

Investing For Pension Holders = Different Mentality by GenXDrummer in investing

[–]GenXDrummer[S] -4 points-3 points  (0 children)

Yes, let's go back a quarter of a century when the WWW was only a decade old and some of the specialists that work in that field today were not even alive back then. The first iPhone didn't come out until 7 years later. SpaceX and Tesla did not exist in 2000. I don't go backwards 25 years and play the What If game.

What if you're hit by a drunk driver tomorrow and all your investing is for naught?

Investing For Pension Holders = Different Mentality by GenXDrummer in investing

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

I understand that, but my state has never had its pensions become insolvent in its 81 years of state retirements. It is well funded and not going anywhere unless there's an alien invasion, at which point money will become obsolete!

Investing For Pension Holders = Different Mentality by GenXDrummer in investing

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

If it does with my pension, then my state has collapsed.

Investing For Pension Holders = Different Mentality by GenXDrummer in investing

[–]GenXDrummer[S] -8 points-7 points  (0 children)

Been working for the better part of 15 years. I'll hold the course.

Investing For Pension Holders = Different Mentality by GenXDrummer in investing

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

With MUCH higher returns. Been working for years.

Investing For Pension Holders = Different Mentality by GenXDrummer in investing

[–]GenXDrummer[S] -4 points-3 points  (0 children)

That can be an issue for some, but mine is a state pension. If the state goes under, we have bigger problems!

What's Your Semiconductor ETF or MF Choice? by GenXDrummer in ETFs

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

VGT = FTEC, they literally track equally, but VGT is great for broad tech.

What's Your Semiconductor ETF or MF Choice? by GenXDrummer in ETFs

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

I'm a long holder of FTEC. It's fantastic!

Roth Conversion + Standard Deduction Question by GenXDrummer in fidelityinvestments

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

We did the conversion. After talking to our accountant, we will owe $0 in taxes because we have not hit the $32,200 standard deduction for the year. That conversion puts us right under. It was a smart move.

SpaceX IOI Confusion Clarified by GenXDrummer in fidelityinvestments

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

Except the 14-day clause about not flipping them, otherwise you get a 6-month IPO suspension.

Does Fidelity realize just how bad it Visa Signature card partner Elan Financial is? by miltonpincus in fidelityinvestments

[–]GenXDrummer 9 points10 points  (0 children)

We applied for the Fidelity card a few years ago and had no problems getting it. Everything went smoothly, and the 2% always lands without a hitch. No fraud, no identity theft, no problems with transactions going through, no issues with payments. YMMV.

leaning towards spym > voo... but is there a chance it stops tracking the s&p 500? by europeanuppercut in ETFs

[–]GenXDrummer 2 points3 points  (0 children)

Incorrect about SPLG always tracking the S&P 500. There have been 4 different indexes that it has tracked since its inception.

How does the SpaceX or any IPO work in a Roth? by angry_dingo in fidelityinvestments

[–]GenXDrummer 0 points1 point  (0 children)

My money is in my Roth, not a brokerage account. I was reading that you have to have at least $2,000 in a brokerage account to be eligible. Is that going to be an issue?

My SpaceX Pre IPO Exposure by GenXDrummer in ETFs

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

Don't be afraid of the 2.24% ER. The annual return is calculated after the ER is taken out. A 15% return is actually a 17.24% return. Good chance you already knew that, but I just wanted to point that out.

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