OOO I Just increaed my 401k matching with 3%

[Anonymous No.18523983]

That'll show them gambling traders!

[Anonymous No.18524021]

NICE BRO JUST WAIT UNTIL YOUR 59 TO GET ALL THOSE SWEEEET GAINZ

[Anonymous No.18524022]

401k matching is a good deal though, it's free money

[Anonymous No.18524074]

Why not match your employer in a 401k then daytrade in a tax advantaged account with post tax money?

[Anonymous No.18524083]

[Anonymous No.18524114]

[Anonymous No.18524172]

>>18523983
401k match is literally an instant 100% return on investment you retard.

[Anonymous No.18524174]

>>18523983
Good post

[Anonymous No.18524180]

>>18524114
maybe he should look into the concept of "stop loss"

[Anonymous No.18524195]

>>18524172
LINK is 10x

[Anonymous No.18524214]

>>18524074
This. Get the guaranteed money first where you can get it.

That said, depending on your state a taxable account can be more tax efficient than a tax-deferred account if you do long term investing for dividends.

[Anonymous No.18524241]

>>18524180
Too late.

[Anonymous No.18524270]

>>18524074
Whatever money I put into my employers stock, they’re willing to match it by 15%
I’m not sure if I should even bother

[Anonymous No.18525747]

>>18524021
https://www.madfientist.com/how-to-access-retirement-funds-early/

[Anonymous No.18525946]

>>18524180
>Ever selling stock once you've bought it

[Anonymous No.18525987]

>>18524195
key word is "instant"

[Anonymous No.18526059]

OP doesn't actually understand what he's saying, the sentence is nonsense.

Always max out employer match. It's literally free money.

>>18524180
FUCK stoplosses.
>stock drops 5% in one volatile day, triggers stoploss, ends flat.
wow I sure am glad I exited that position at the lows for the session!

[Anonymous No.18526179]

>>18523983
Right on bro. You fucking show them with your 2.8% return!

[Anonymous No.18526478]

>>18523983
Matching is free money kek. That said, ETFs are for faggots.

[Anonymous No.18526486]

>>18526059
Trailing 10% stop loss. If it dumps 10% in a day, you don’t want it.

[Anonymous No.18526534]

>>18523983
>>18524083

this meme is funny even though he's right

[Anonymous No.18526629]

>>18526486
Then it shoots up 15% after you dump it. I've been down more and held and have made it back each time. Then again I have blue chip type stocks.

[Anonymous No.18526645]

>>18526629
Survivorship bias
Plenty of times it never climbs back

[Anonymous No.18526669]

Been holding theses for awhile.
Oil: XOM, RDSB, CVX, COP, HAL
Defense: AVAV, KTOS, GD, LMT, RTX
Tech: AAPL, MSFT
Consumer: KO
Medical: PFE, GSK

>>18526645
No bias when these will survive. Sorry you have meme stocks.

[Anonymous No.18526689]

>>18526669
Also have V, SWK

[Anonymous No.18526690]

lol my company (NXGN) just suspended all merit increases for the year and also suspended 401k matching. Probably pay cuts, furloughs, and layoffs are next

[Anonymous No.18526697]

>>18523983
401k matching is literally GAURANTEED 100% gains

why would you NOT take those odds?

[Anonymous No.18526716]

>>18524180
stop losses are for bums who sleep during the day

[Anonymous No.18527090]

>>18524022
yeah... but with fees and shit the "free" 4% match comes out to more like 2%

[Anonymous No.18527194]

>>18527090
then you're fucking up and should look into other options, some people have written extensively on workarounnds and how not to get fucked

Only real problem is that it's not roth, so you'll end up with half in a Roth 401k, and half in a regular 401k.

[Anonymous No.18527217]

>>18527090

>source: my ass

[Anonymous No.18527344]

>>18527090
Not really. The 401k plan fee is high (almost 1.5%), but it I take my full employer match, I get 80% of my money matched by the employer. The plan management fee is low in comparison to that plus the expected returns from the 401k portfolio.

[Anonymous No.18527357]

>>18527194
I have choice, upper management says "its a good company" john hancock, its clearly shit, but im still up money cause of the matching.. sad to see 1.5% of it wasted tho

[Anonymous No.18527374]

>>18527357
>No choice sorry

[Anonymous No.18528628]

>>18527090
Stop investing in active funds retard.

[Anonymous No.18528772]

>>18525747
That's an interesting article. Kind of makes me regret ditching a 401k entirely the last year and a half because I thought they were bullshit scams.
But now I guess why the fuck not just max it since I have enough money to not give a fuck

[Anonymous No.18528977]

>>18527344

Make a habit of rolling money over into your own retirement account with Vanguard, Schwab, Fidelity, whoever you want that has reasonable fees. If you're paying expense ratios above 0.5% you are a cuck.

[Anonymous No.18529003]

My 401k contribution is 23%
Get at me

[Anonymous No.18529047]

>>18526669
That’s genuinely a cringe portfolio. Stay poor.

[Anonymous No.18529055]

Quick question, for someone like me who has no debt and no kids/wife, should I put in 15-20%(employer match included) into the 401k or only the amount they match?

[Anonymous No.18529095]

>>18529055
Absolutely. Wives and girlfriends will generally understand that 401k is "do-not-touch-money", but will otherwise suck you dry. Save as much as you can as early as you can.

[Anonymous No.18529103]

>>18525747

Thank you for this informative post. I am working towards early retirement and it's good to know I have this backdoor roth trick in my quiver.

[Anonymous No.18529117]

>>18529055
just as much as they match
Then you can start a different account like a Roth IRA or something on your own for the left overs

[Anonymous No.18529180]

>>18529117
>>18529095
Max both roth IRA and your 401k
Follow the based flowchart

[Anonymous No.18529260]

>>18529003
I keep mine at 10% but I also have an ESPP that I put 10% into. Free money is great boys

[Anonymous No.18529316]

>>18523983
Why does biz hate etfs

[Anonymous No.18529450]

>>18529316
same reason people have hated them since they were invented.
they kill the rock star investor pipe dream and aren't profitable for the financial industry that would rather take your trading fees.

[Anonymous No.18529521]

>>18523983
>>18524172
>>18526697
I worked for a company a few years ago called Alarm.com. They had 100% matching for 401k. I wasn't even aware of it during the interview until I got the job offer letter. It was a good feeling taking $500 out of each paycheck each month w/ it already doubled and deposited into my 401k account the next day. It's true that free money is free money, even at 3%, but holy shit 3% is a fucking joke.

[Anonymous No.18529530]

>>18523983
>>18524021
>NOOOOOO you can't guarantee yourself to be rich you need to gamble and pray you're the 0.1% that makes it

[Anonymous No.18530102]

>>18529316
because they have spent the past half decade trying to pump useless shitcoins enough to get rich off their neetbux and have failed to do so, and finally a bear market rolls around so they twist it into some kind of fucked up justification for their poor life choices

[Anonymous No.18530786]

>>18524180
Yes goy! Sell on the way down!!!

[Anonymous No.18531306]

VTI VXUS BND BNDX is just such a boring but unironically perfect portfolio

[Anonymous No.18532240]

>>18531306
Add VNQ, VNQI, a bit of PDBC and some crypto/ boomer rocks and you have the perfect portfolio

[Anonymous No.18533673]

>>18529530
>NOOooO never try anything just buy a house, own a car and INVEST goy never try a business or career!

[Anonymous No.18533680]

>>18529180
WTF is this advanced US shit? I just work in Europe and get a pension % every month, no need for stupid wallstreet games