/biz/ - Business & Finance

>>16867342
same thing happend to me op except im poor and cant afford monsters so i drink off brands that are a lot cheaper.

Tl;dr: What's the big problem with wanting to control your own 401k? Any advice navigating this problem?

I've been out of college and wagin' it up for a couple months now and have started building some savings. I work for a small company of about 40 people. Since we don't have strong HR support staff (oxymoron that that may be), we outsource to Trinet for payroll, healthcare, etc. Trinet, in turn, outsources 401k plans to Transamerica. The company pays out nothing in 401k contributions. Our plan only allows coverage for a limited amount of indeces and mutual funds. From my perspective, placing a large portion of my savings in a market that is historically overpriced would be an embarrassing proposition to the informed investor. With this in mind, i have begun pursuing alternatives:
1) Lobby my company's board of directors to add a self-directed brokerage window option to the 401k plan. Short term prospects look dim on this front given what's going on at the company right now.
2) Open "Plus" account with Transamerica independent of my company, which opens up the SDBA option. To do this, I'll need $10k in my "core" account, and contributions to my "plus" account can't exceed that of my "core" account. So at best, I'll have $5k in one of their normie funds and $5k to do as I please.
3) Forego the 401k for the duration of my tenure at this company and take the hit on capital gains tax
Aside from my 401k, I intend to max out my Roth for the year first and foremost. It'll probably take me till tax season 2019 to hit max and also have $10k in my 401k.
That's the situation. I'd appreciate any advice on the matter. Anything I'm missing here? Has anyone else lobbied for SDBA at their company?

You should choose the cheapest possible housing option that is still bearable/feasible.
>live in >totally unaffordable Silicon Valley
>gf and I rent a room together
>recently renovated, private bathroom
>mfw my monthly rent is $400

>>10544688
Dam straight pal

>>10533659
*Sssssssssssssiiiiip*

>>10518572
Are ya winning son

>>10521537
Based

>*sips*

>>10503103
Heh dam straight

>>10470843

Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

>>10408666
Checked

Are we back or should I take my profits now?

>>10368033
Great name heh

>>10365687
/Sip/ing on a rockstar(kinda gross desu monster zero is better) while writing the business plan for my energy drink company /Sip/ Energy and getting ready to roll out Boom Zeros on Amazon before the summer is done heh

Is the etf just a meme or do I fomo back into BTC and take my alt losses

>>10351073
Get you some /Sip/ energy anon. Coming soon Sip.energy

What the fuck is happening to Ethereum right now?