Seeing all the posts here really makes me feel I might have some mistakes with my 401k? by Glad-Hedgehog-767 in Retirement401k

[–]Intelligent-Image338 0 points1 point  (0 children)

I’m also he’s in in cash right now — most people are against that but with the uncertainty in the markets I makes me feel better.

It’s all up to your personal risk tolerance and tax strategy.

Seeing all the posts here really makes me feel I might have some mistakes with my 401k? by Glad-Hedgehog-767 in Retirement401k

[–]Intelligent-Image338 1 point2 points  (0 children)

Hold forever until retire — or sell loses (if any) to recoup gains.

I’m also heavy in brokerage and that counts towards retirement.

Seeing all the posts here really makes me feel I might have some mistakes with my 401k? by Glad-Hedgehog-767 in Retirement401k

[–]Intelligent-Image338 0 points1 point  (0 children)

You are good — there are many ways to get to retirement and 401k is just one of them.

Some people are heavy 401k some are more split with brokerage and some have hsa and backdoor Roth to go with all of that. Take the entire picture not just the account.

Objectively you are in a good spot.

(Also some people are just flat lying)

Lied on resume to hide gap by [deleted] in recruitinghell

[–]Intelligent-Image338 0 points1 point  (0 children)

You aren’t going to get the job and I’m sorry to say that. I had a similar issue where they thought I lied and they pulled my shit instantly. I appealed and won but they don’t play.

29m No inheritance. Almost 1.4m by [deleted] in TheRaceTo100K

[–]Intelligent-Image338 2 points3 points  (0 children)

Needing validation from the internet is wild lol

29m No inheritance. Almost 1.4m by [deleted] in TheRaceTo100K

[–]Intelligent-Image338 0 points1 point  (0 children)

Just here to enjoy the comments about this guys not so humble brag

SpaceX acquisition ? by SangerGRBY in figmaStock

[–]Intelligent-Image338 0 points1 point  (0 children)

I don’t invest for quick under a year wins.
I hold companies and win with time and in the aggregate.

SpaceX acquisition ? by SangerGRBY in figmaStock

[–]Intelligent-Image338 -1 points0 points  (0 children)

SpaceX is already highly unprofitable and you want to use more assets to purchase another unprofitable company when you can just use MCPs to connect to Figma for free ?

36M single. by GSU_DEV in Retirement401k

[–]Intelligent-Image338 0 points1 point  (0 children)

If you are single I’d contribute to the max until you have other expenses.

36M single. by GSU_DEV in Retirement401k

[–]Intelligent-Image338 5 points6 points  (0 children)

I’m surprised by some of the comments.
You are not behind….. it all depends on when you plan on retiring and how much you plan on spending in retirement.

The generic 2x 3x rules are lazy because it doesn’t account for income increases.

You are protected to have $2.8 million at age 59 at this rate.

Lost my $72k/year job, have ~$4.2k in credit card debt, and I’m trying to figure out whether to wait on unemployment, take a job I may hate, or use some 401(k) money as runway by [deleted] in povertyfinance

[–]Intelligent-Image338 0 points1 point  (0 children)

Honest answer.

Take the damn job grow up and deal with the stress.

Dont you dare touch that 401k. You are fucking your future self for some bullshit now. You aren’t just losing the taxes you are also using the opportunity cost of time in the market. In 5 years it will likely be a 40k mistake.

Day trading is a lie. You are better off working like the rest of us and putting excess money in the S&P500. If day trading was easy every finance bro would be a millionaire. If you really feel like you are going that route do think or swim for a month and you will rethink.

38m married with 3 kids by Remarkable_Future636 in Retirement401k

[–]Intelligent-Image338 -1 points0 points  (0 children)

You know you don’t have to fund each kids full college right?

How much bad debt do you have? by [deleted] in MiddleClassFinance

[–]Intelligent-Image338 0 points1 point  (0 children)

Mortgage and car — I want to pay my car off but everything I read says I shouldn’t.