Stock Market

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Re: Stock Market

Postby mac5155 on Sat Aug 06, 2011 7:44 pm

bhaw wrote:
mac5155 wrote:Zing!!

I did just get my "statement" so to speak. In 6 months I have about a $1300 balance. I'm not contributing as much as I'd like just because of school loans, etc, but I am contributing the same as my employer's 100% match. I think they match 100% of the first 3% and 50% of the next 5%.


It's probably worded slightly different... 100% for the first 3% and 50% up to 5% is pretty standard. If they are going to give you 50% on the next 5%, take it. Actually, either way, bump it up to maximize their match. If it's up to 5% like I think it is, you will not feel that 2% in your net take home since 401k is pre-tax.

Also, as you build up the balance, consider taking out a loan to pay off some of your debt. You will be making the same payments, but YOU get the interest instead of the creditor.

*a loan on your 401k


What do you mean? Use the 401k as collateral?
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Re: Stock Market

Postby Guinness on Sat Aug 06, 2011 7:44 pm

That there are no signs that point to an impending recession can be easily 'assigned' to the fact that the recession-makers are also the sign-installers.
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Re: Stock Market

Postby bhaw on Sat Aug 06, 2011 7:46 pm

mac5155 wrote:
bhaw wrote:
mac5155 wrote:Zing!!

I did just get my "statement" so to speak. In 6 months I have about a $1300 balance. I'm not contributing as much as I'd like just because of school loans, etc, but I am contributing the same as my employer's 100% match. I think they match 100% of the first 3% and 50% of the next 5%.


It's probably worded slightly different... 100% for the first 3% and 50% up to 5% is pretty standard. If they are going to give you 50% on the next 5%, take it. Actually, either way, bump it up to maximize their match. If it's up to 5% like I think it is, you will not feel that 2% in your net take home since 401k is pre-tax.

Also, as you build up the balance, consider taking out a loan to pay off some of your debt. You will be making the same payments, but YOU get the interest instead of the creditor.

*a loan on your 401k


What do you mean? Use the 401k as collateral?


No, most 401k's allow you to take your money out as a loan (usually up to 50% of your balance). They send you a check. You can only use it for certain things, but I can't remember what those are. So if you have a 5k balance, you can take out 2500 as a loan FROM yourself. Then you pay it back with interest, but you are paying your 401k. So you are putting more in than you took out. It may even provide a better return in a soft market like this.
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Re: Stock Market

Postby mac5155 on Sat Aug 06, 2011 7:46 pm

Guinness wrote:That there are no signs that point to an impending recession can be easily 'assigned' to the fact that the recession-makers are also the sign-installers.


:lol: :lol:
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Re: Stock Market

Postby mac5155 on Sat Aug 06, 2011 7:47 pm

bhaw wrote:
mac5155 wrote:
bhaw wrote:
mac5155 wrote:Zing!!

I did just get my "statement" so to speak. In 6 months I have about a $1300 balance. I'm not contributing as much as I'd like just because of school loans, etc, but I am contributing the same as my employer's 100% match. I think they match 100% of the first 3% and 50% of the next 5%.


It's probably worded slightly different... 100% for the first 3% and 50% up to 5% is pretty standard. If they are going to give you 50% on the next 5%, take it. Actually, either way, bump it up to maximize their match. If it's up to 5% like I think it is, you will not feel that 2% in your net take home since 401k is pre-tax.

Also, as you build up the balance, consider taking out a loan to pay off some of your debt. You will be making the same payments, but YOU get the interest instead of the creditor.

*a loan on your 401k


What do you mean? Use the 401k as collateral?


No, most 401k's allow you to take your money out as a loan (usually up to 50% of your balance). They send you a check. You can only use it for certain things, but I can't remember what those are. So if you have a 5k balance, you can take out 2500 as a loan FROM yourself. Then you pay it back with interest, but you are paying your 401k. So you are putting more in than you took out. It may even provide a better return in a soft market like this.


Interesting. thanks!
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Re: Stock Market

Postby bhaw on Sat Aug 06, 2011 7:49 pm

No problem. But I would seriously bump your contribution rate up to whatever the max your company pays on. It's "free" money. Where else can you give $50 and get $25 on top of it instantly?
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Re: Stock Market

Postby KennyTheKangaroo on Sun Aug 07, 2011 6:12 pm

bhaw wrote:
No, most 401k's allow you to take your money out as a loan (usually up to 50% of your balance). They send you a check. You can only use it for certain things, but I can't remember what those are. So if you have a 5k balance, you can take out 2500 as a loan FROM yourself. Then you pay it back with interest, but you are paying your 401k. So you are putting more in than you took out. It may even provide a better return in a soft market like this.


keep in mind that if you leave your job where your 401k is held, you have to pay any loan back in 90 days or so.

its a very delicate decision to take a loan out of a 401k. be very careful.
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Re: Stock Market

Postby Ossa on Sun Aug 07, 2011 7:19 pm

Dow futures are down about 300

:scared:
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Re: Stock Market

Postby bhaw on Sun Aug 07, 2011 8:00 pm

KennyTheKangaroo wrote:
bhaw wrote:
No, most 401k's allow you to take your money out as a loan (usually up to 50% of your balance). They send you a check. You can only use it for certain things, but I can't remember what those are. So if you have a 5k balance, you can take out 2500 as a loan FROM yourself. Then you pay it back with interest, but you are paying your 401k. So you are putting more in than you took out. It may even provide a better return in a soft market like this.


keep in mind that if you leave your job where your 401k is held, you have to pay any loan back in 90 days or so.

its a very delicate decision to take a loan out of a 401k. be very careful.


Well of course. You definitely always want to read terms, etc.
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Re: Stock Market

Postby mac5155 on Sun Aug 07, 2011 9:47 pm

some relief at the pump??


Nah. Barrels of oil were what, double the price they are now and gas was still $3.75 a gallon..
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Re: Stock Market

Postby shafnutz05 on Mon Aug 08, 2011 8:18 am

FUTURES SHARPLY LOWER
8:14AM: Stocks set to tumble Monday, as investors get first opportunity to react to U.S. downgrade.


Giddyup
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Re: Stock Market

Postby newarenanow on Mon Aug 08, 2011 9:15 am

Any clue what is going to happen to interest rates? Usually whent he market goes down, they go down, but with the AA+ rating, you hear they are going to go up. Or will this just offset and hold steady?
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Re: Stock Market

Postby Sam's Drunk Dog on Mon Aug 08, 2011 9:44 am

So far interest rates actually dropped as futures were down.

http://money.cnn.com/2011/08/08/markets ... /index.htm
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Re: Stock Market

Postby ExPatriatePen on Mon Aug 08, 2011 10:16 am

newarenanow wrote:Any clue what is going to happen to interest rates? Usually whent he market goes down, they go down, but with the AA+ rating, you hear they are going to go up. Or will this just offset and hold steady?

Image

Look at how quickly rates rose in Nov-Jan.

You might get a few basis points lower from here, but the risk of a move significantly higher is probably not worth the gamble for a few basis points lower
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Re: Stock Market

Postby ExPatriatePen on Mon Aug 08, 2011 10:21 am

What's nutz about what's happening today is that equities are selling off and the money is being plowed into the very instruments that were downgraded.

Insane.
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Re: Stock Market

Postby Ossa on Mon Aug 08, 2011 10:30 am

now down 350 and steadily falling
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Re: Stock Market

Postby jimjom on Mon Aug 08, 2011 10:43 am

This is not good at all.
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Re: Stock Market

Postby KennyTheKangaroo on Mon Aug 08, 2011 10:47 am

ExPatriatePen wrote:What's nutz about what's happening today is that equities are selling off and the money is being plowed into the very instruments that were downgraded.

Insane.


kenny the kangaroo just bought some CSX stock.

this sell off is retarded.

does anyone know of a way to trade the VIX or some instrument that tracks the vix?

if there is, anyone who has speculated on rising volitility is making some bank right now.
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Re: Stock Market

Postby pittsoccer33 on Mon Aug 08, 2011 10:49 am

KennyTheKangaroo wrote:
ExPatriatePen wrote:What's nutz about what's happening today is that equities are selling off and the money is being plowed into the very instruments that were downgraded.

Insane.


kenny the kangaroo just bought some CSX stock.

this sell off is retarded.

does anyone know of a way to trade the VIX or some instrument that tracks the vix?

if there is, anyone who has speculated on rising volitility is making some bank right now.


i never thought of that. im sure someone has created an ETF. what a good idea.
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Re: Stock Market

Postby ExPatriatePen on Mon Aug 08, 2011 10:49 am

"Emotional capital raising" or "concerns about a global slowing"?

Traders are still hesitant to call a bottom here.

Watch Gold, if Gold doesn't fall back below $1,700 we've got problems.

If you want to pick up bargains here, look for large global stocks with good dividend histories.

Cat, International Paper, Kimberly Clarke, McDonalds, J&J.

Crazy stuff today.

Definitely oversold right now.
Last edited by ExPatriatePen on Mon Aug 08, 2011 11:22 am, edited 1 time in total.
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Re: Stock Market

Postby ExPatriatePen on Mon Aug 08, 2011 10:50 am

pittsoccer33 wrote:
KennyTheKangaroo wrote:
ExPatriatePen wrote:What's nutz about what's happening today is that equities are selling off and the money is being plowed into the very instruments that were downgraded.

Insane.


kenny the kangaroo just bought some CSX stock.

this sell off is retarded.

does anyone know of a way to trade the VIX or some instrument that tracks the vix?

if there is, anyone who has speculated on rising volitility is making some bank right now.


i never thought of that. im sure someone has created an ETF. what a good idea.


Been making good money in TVIX calls but I wouldn't get in here.
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Re: Stock Market

Postby KennyTheKangaroo on Mon Aug 08, 2011 10:57 am

pittsoccer33 wrote:i never thought of that. im sure someone has created an ETF. what a good idea.


too lazy to research and find out if there is a way. the vix is up like 27% today.

a few weeks back, when the debt ceililng stuff was up in the air, kenny the kangaroo thought to himself that there was a good chance the market would get volitile as the august 2 deadline was arriving, but never followed through on this thought. as an armchair qb, it seems blindingly obvious that it would go crazy, but is there a way to make a trade on it? Probably not for chumps like us.
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Re: Stock Market

Postby ExPatriatePen on Mon Aug 08, 2011 11:00 am

KennyTheKangaroo wrote:
pittsoccer33 wrote:i never thought of that. im sure someone has created an ETF. what a good idea.


too lazy to research and find out if there is a way. the vix is up like 27% today.

a few weeks back, when the debt ceililng stuff was up in the air, kenny the kangaroo thought to himself that there was a good chance the market would get volitile as the august 2 deadline was arriving, but never followed through on this thought. as an armchair qb, it seems blindingly obvious that it would go crazy, but is there a way to make a trade on it? Probably not for chumps like us.


TVIX is a 2 x leveraged play on the VIX.

Great place to make(lose) a lot of money quickly.
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Re: Stock Market

Postby KennyTheKangaroo on Mon Aug 08, 2011 11:13 am

well then

is there a way for bums like us to short the vix
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Re: Stock Market

Postby ExPatriatePen on Mon Aug 08, 2011 11:21 am

KennyTheKangaroo wrote:well then

is there a way for bums like us to short the vix


Sell naked puts.

Risky risky risky stuff though. If you call it right, you'll make a boatload. Just remember though, every trade has a counter-party, and these guys aren't stoopid.
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