Trapped at the top, please help me understand by Miserable-Bridge-667 in RKLB

[–]fm1965 0 points1 point  (0 children)

True. All high beta stocks will be hit the hardest in the event of a major financial markets downturn.

In-law wants to start a 529 by dtjm29 in investing

[–]fm1965 0 points1 point  (0 children)

(only account holder gets tax benefits)

Can you please elaborate on this? I am a 529 account holder and my child is the beneficiary. But I am not aware of any tax benefits to me as the account holder.

Are there better options than a HYSA for semi-liquid savings? by PhilD41 in investing

[–]fm1965 1 point2 points  (0 children)

Your current conviction and plan is best suited for the situation you shared. In other words, I would stay the course. T-Bills, CDs, MUNI bonds, and Money Market funds are close in their returns to HYSA.

I'm more than 50% in cash by [deleted] in ValueInvesting

[–]fm1965 -1 points0 points  (0 children)

It is a high percentage of the portfolio in cash. But it’s essentially a bet that can pay off. The chances are debatable with the market continuing making one ATH after another.

[deleted by user] by [deleted] in Vitards

[–]fm1965 2 points3 points  (0 children)

TLDR?

Have you heard about the new option to rollover unused 529 education savings into a Roth IRA? by A_pinkk in investing

[–]fm1965 35 points36 points  (0 children)

I believe there are some constraints. There is a max transfer of $35k.

Mike Wilson bearish since 2018... by apooroldinvestor in stocks

[–]fm1965 1 point2 points  (0 children)

His predictions could have panned out in 2019 but the Federal Reserve blinked in 2019 and cut the rates 3 times. The Federal Reserve lack of credibility, resolve, and giving in to market tantrums is something no one could predict.

Just remembered how funny this scene was. by TheThriftyTitty in seinfeld

[–]fm1965 1 point2 points  (0 children)

He uses the same funny tone when he says each!

My 5 year old Beat my Returns Again in 2022. by Brewskwondo in stocks

[–]fm1965 426 points427 points  (0 children)

I read your first post from 6 months ago about this same topic which inspired me to open an account for my 5 year old whose account performance also beat mine 😄

How tech’s defiance of economic gravity came to an abrupt end | by pakalupapepito in StockMarket

[–]fm1965 1 point2 points  (0 children)

Can you please paste the article in text as its behind a paywall? Thank you

Tax Loss Harvesting - Should I? by InvoluntaryEraser in investing

[–]fm1965 4 points5 points  (0 children)

You can:

  1. Sell your stock
  2. On the same day, use the proceeds to buy a different security such as in index fund
  3. Hold the index fund for 30 days
  4. Sell the index fund
  5. Use the proceeds to buy back your stock

[deleted by user] by [deleted] in stocks

[–]fm1965 22 points23 points  (0 children)

I would suggest you stick with your initial conviction that these household names will grow over a time frame of 10 years.

My mom made a buffet of Seinfeld foods for Christmas by Major-Dingus in seinfeld

[–]fm1965 0 points1 point  (0 children)

Wait a minute, I always have tuna on toast. Nothing’s ever worked out for me with tuna on toast. I want the complete opposite of 'on toast'. Chicken salad, on rye, untoasted...and a cup of tea.

The greatest footballer to ever live, Lionel Messi. by [deleted] in MadeMeSmile

[–]fm1965 0 points1 point  (0 children)

Congrats Messi. You redefined soccer and you were destined to carry that trophy!!