/biz/ - Business & Finance

>>19046865
wow such based

>>18633624
>SPY bullish between 285 and 295
going off of >>18633268 I'm watching 280 and 295 closely. Based on that, this short term upside looks minimal to the potential downside. I think we are coming up to a potential 30-35% drop that's already started or will start in the next few days. I'll be watching for volatility indices to keep dropping and for S&P to hold 280, 295, or even 300. I don't mind missing out on 7% when I can't tell if there's a floor below us. I also don't mind gambling bear with some of my money since it looks like the odds are in the bear's favor. I'll be crawling back into positions if it drops, probably looking to enter Oil in May at the earliest, and the rest around S&P 2500 and below. I'm only disappointed that I didn't hold AMD and VZ. i didn't need to sell those.
As >>18632883 put it, we could go up or down right now. Today was super nerve wracking. I personally expect it to be like this for two more days.

>>11807182
assholes high. into thee skyyy!

>>11170307
yeah i guess, but even the newer employees are like them, a newly graduated retard was hired just half a year ago and he fits in just fine
>>11170365
myself, mostly, if this is how working life is

Anyone here contribute to an IRA and are familiar with backdoor/roll overs? I'm currently making too much money to contribute directly to my roth IRA.

I've created a traditional IRA and am under the impression that if I fund it with after tax dollars I can convert/backdoor it into my roth account immediately with no tax consequences.

If i fund my traditional for tax year 2017 (deadline 4/17) can I convert it into my roth and then still have the full 2018 IRA limit available to me to fund later (additional 5.5k) They say the amount converted is then added to your income, is that the full amount or whatever would have been taxable?.

Also IRA discussion thread. Is this shit even worth it or should I just dump all into crypto.