/biz/ - Business & Finance

>>11342642
Holy shit my dick

>>11342652

>>11342642
Wow what doll is that?

>>11342642
but I'm 40 years for retirement. What happens in the next few years doesn't matter at all. You're dumb to not at least contribute enough to get the company match, though you're right most low wage wage slaves should prioritize a Roth IRA over 401k after they've hit the company match.

>>11342642
Yeah, maxed out to company match.

However, im 29.. im probally gonna take a 4k loan agaisnt my 401k and put it into btc... im young enough where 4k wont hurt in the long run.

Ill have to pay 40 bucks per paycheck to pay it back over 5 years. But thats fine, ill be at this jon for a bit.

And if btc moons, i can easily take profit and pay back 401k.

Win win, unless i quit. Its a pretty easy qay to hedge 401k and since im reinvesting into spec markets its a viable risk vs reward

>thoughts ?

>>11343060
Literally just did this a few weeks ago. You’ll make it.

>>11342642
18k a year, brah.

match + tax shelter + dollar cost averaging moots your objections

>>11343564
Sure, but aren't you worried about losing some of your 401k when our stock market crashes?

>>11343200
How much did you take ?
What did you relocate it to ?

>>11343761
Even without an employer match you're ahead of investing outside of the 401k if you drawdown by less than your marginal tax rate.

Once you add in the match, it can be beneficial to put the money in a 401k even with a 2008 level drawdown. In my case, at a 33% bracket + ~$6000 in matching means that my cost basis is $12000 and the total contribution is $24000 so even at a 50% drawdown I'd be even net-net.

>>11343934
good point. the only people that I know that truely lost during the 2008 downturn were the people that got scared and took all their savings out at the bottom because they were close to retirement. they had ~1MM in their 401K but took it all out at the bottom (probably lost over half a million) and missed out on the recovery.

>>11342642
That's a doll...r..r..right anon? I'm not entirely sure and It's freaking me out as if its not then this thot has no soul

>>11343985
hold up a fucking second. your anecdotal nonsense is shit. lehman brothers one of the largest investment banks went to 0. all of lehman brothers and jewburger berman mutual funds collapsed. regions bank mutual funds collapsed to 0. many many BOND funds that were meant to be AAA safe diversified fixed income mutual funds collapsed to zero. almost all equities and assets collapsed including real estate leaving 10s of thousands if not more homeless. get out now

>>11342642

>>11342642
stock market isnt going to crash you faggots are worse than the >muh housing bubble faglords

enjoy being forever poor

>>11344198
What do you mean it isn't going to crash?
You mean it isn't going to crash soon, or ever again?

>>11344232
in 1929 the stock market was in its infancy. it was run by like 10 dudes in suits who did it part time to get away from their wives.

since then there has been many crashes, but compare it to any stablestock like amazon. do you even see a blip at those time periods? we will never see what happened in 1929 again.

>>11344198
Wow you must have been born in 2010 and gotten here in like April

>>11344287
show me where those crashes are on amazon stock >>11344271
you cant even see them.

>>11344300
reply #1 of 3. checked

>>11344318
so you call that a crash? real good reason to not invest in 401k

>>11344300
#2 of 3

>>11344300
#3 of 3
>so you call that a crash?
Yes

>>11344334
This is going to hurt you more than it should. History never repeats, I tell myself before I go to school

>>11342642
i'd like to play womb raider with her

>>11344351
>right after first major terrorist attack likes we haen't experienced before
regardless, your company matches dollar for dollar. your $95 invested in 1999 you only paid $47 for that share. 2 years later, by 2003, you would have broken even.

>>11344375
>right before first major terrorist attack likes we haen't experienced before

>so you call that a crash?
Yes

>>11344398
don't you remember what happened september 10th?
https://www.youtube.com/watch?v=xU4GdHLUHwU

2.3 TRILLION dollars went missing.

>>11344406
Shit happened 170 years ago
Shit happened 17 years ago
Shit will happen next year
Guess what?
Shit happens

>>11344430
best of luck, enjoy passing up free money from your company for something that iwll never happen.

401k is worth it. its pretaxed funds. you wont even notice a dent in your paycheck

>>11344447
A 401k? Is one of the perks that you get in return for having a boss?

Sounds like a good way to invest, but I was talking about AMZN, not 401ks. Learn how to parse an argument and think critically, and maybe you'll be able to cut off your shackles

>>11342642
I'm gonna cash out 50% to buy out my ex equity on a house we owned. Fuck the police

>>11344532
im talking about amazon too. i invest directly into amazon through my 401k. my contributions are matched 1:1 up to 8% of my salary by my company.

>>11343060
>losing out on compound interest

Guys, I contribute 10% to 401k but there is no company match. They give us pension instead. Am I making a bad move doing 401k? I make $100k a year so about $10k will go into 401k if I keep this rate.

>>11344599
u got dubs again. damn

>>11344684
401k is pretaxed so you have to consider that. also 10k a year is nothing, its not even 1k a month (pretax). youd end up with like $600 a month more

>>11344406
it's not possible to "lose" that kind of money. Someone knows where it went, either it was theft or used for something illegal. Probably both

>>11344768
it was the funds to pay for 9/11.

>>11344770
are you telling me (((they))) sent Dubya a bill?

>qty 3 - controlled demolition/skyscraper - Total cost $2.3 Trillion. Please make check payable to Urban Moving Systems

>>11344915
>dubya
it was a usa controlled military craft that shot missiles into it along with a controlled demolition of the building. and probably some funds to hookers and blow.

>>11344300
Amazon shares fell over 98% in 2001. Needed super iron hands back then. You kids these days ain't seen nothing yet.

>>11345119
this was the web in 2001. amazon didnt do shit back then. just like the stock market in 1929.

I've started depositing a good portion of my paycheck into a Roth 401k (no employers matching unfortunately) but into a slow growth low risk fund instead of the target 2055 fund for Millennials like they suggested. I'm too worried about a major crash within the next couple years. That being said, am I a retard?

>>11345360
I've been doing the same thing anon

>>11345138
lmao I remember having to ask my mom to use the phone line in the house for internet

>>11345360
You need to take some risks if you want to make money investing. That said, an S&P 500 index fund is not the riskiest investment you could buy. Low risk funds are not a bad idea if your risk tolerance is low (as it seems) - but if your investment horizon is long you might want to take an equities-heavy position.

One of the biggest return killers you're going to face on those funds you are buying is the expense ratio. You can replicate that 2055 fund by buying stock and bond indices and re-balancing once a year.

I max out a 401k every year
and IRA
and HSA

as a single filer that didn't man up and provide to some nasty roastie and her child Jamal, the government taxes me harder to redistribute my wealth to them anyway

I don't care if the funds in that account get obliterated in the next downturn, as long as they get as little of it as possible

>>11345977
Are you saying, that potential benefits of keeping in the 2055 fund outweigh danger of a significant crash soon? I was planning to rebalance into the 2055 only after the stock market "cools off".

wew laddy

>>11343934

This is the only thing you need to learn here. In most cases, even a 50% downturn would only break you even if you took out the taxes you would have been charged plus the employer match. It's a no brainer.

>>11345892

Me too m8, are you me?

Aaah the feels my man, 17 years ago :^)

24 here and not a dime I can manage my own money far better than some greedy jew

I put in 15%. So generally I shouldn't touch anything even if the stock market goes to shit? Not even rebalancing and putting more into bonds or anything?

>>11342642
I don’t have to be in stocks

>>11342642
It's called a time horizon, you fucking moron. I'm 24 and my 401(k) is entirely in equities.

>>11342642
>You know the stock market is at most a few years away from crashing big time, right?
My dad is not that far from retirement, this is what scares me the most. He works so hard and I don't want to see him hurt by this.

>>11344406
>>11344768
It's mostly accounting errors, with some black budget contributions. Departments double counting money owned to other departments, etc.

>>11342642
>Years...
Have you seen it lately.... You have a few months at best

>>11344368
That's a cool picture man. Do you mind if I download it?

her body is straight out of a korean mmo character creation

>>11346342
muh DICK

401k will be sized by govt and IRS park your money in btc and eth , else you will get cucked

>>11348403
>tfw my he has this same body type.
Her rib cage is weird i can ensure you that.

>>11346271
This

Shud be maxxing all 3 plus 1k a month into crypto and max ur company epp bare minimum.

>>11349187
corset

>>11346342
my balls are starting to swell.

>>11348403
>>11346342
>>11343005
>>11342642
daily reminder that she is getting browned as we speak
fucking nasty cunt

Y I K E S

exposed another coalburner whore 4 you
don't have to thank me

I max out my 401k, so contributing 18.5k/year. I've done it for a few years now (30-year old boomer) and it's made a huge difference on my overall balance. I've reallocated slightly into safer investments. If there's a downturn I'll go heavier into the Russell 2000 index fund and DCA in like nothing ever happened.

>>11344271
>in 1929 the stock market was in its infancy. it was run by like 10 dudes in suits who did it part time to get away from their wives.

>>11350633
who cares

>>11350646
>Love of my life

I'd leave a girl if she posted something like this online.

>>11351982
And that is why you will die alone, faggot

>>11351982
the dude posted it you dumbfuck