Tsla over $700
sorry, I meant how is Peruvian food in Japan?
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How much was it when it did the 5-1 stock split? We must be getting close to another one soon.
Looks like 2230?
it was around 1500 when they announced the split, it pumped almost 50% on the news that the stock was going to be splitting
I think it surged a couple 100 billion on the belief that they may become positioned to become a global leading electric car company instead of a shallow American car club.
+16% for the year
+60% since the end of March
STONKS
Seriously though, stay the course. Nobody knows anything,
PSA to all:
Get those IRAs funded as soon as possible. Traditional, Roth, Backdoor Roth …whatever you do. Free money is free money. Get that 6K in there now (well, after midnight). Time in market is more important than timing the market.
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For the first time in our lives this year we will be fully funding our annual Roth and I-Bond contributions on Jan 1. Feels good but also feels a little bad doing well now when there are a lot of people out there hurting.
That reminds me of something I need to try to figure out. Can someone explain to me like I’m 5 years old the difference between I-bonds and TIPS and why one might choose one over the other.
Also what is the max amount of I-bonds my wife and I can buy in one year?
The biggest difference is that TIPS can be bought and sold in the secondary markets, and I-Bonds can only be bought and sold from the treasury directly and there is no secondary market for them. You can also buy as many TIPS as you want. I-Bonds you can buy $10k per SSN# per year, plus an additional $5k can be purchased with your tax return per tax return. So if you file as married you and your wife combined could purchase $25k annually. (I don’t bother buying with my taxes, so we get $20k/year)
You cannot redeem I-Bonds for 12 months after purchase. And if you redeem in the first 5 years, you pay a penalty of 3 months interest.
You owe Federal taxes on interest from TIPS the year the interest is paid. I-Bonds can be deferred until the bonds are cashed in.
We buy both I-Bonds and TIPS. (Our TIPS are all mutual funds of TIPS in tax sheltered accounts and make up about 10% of our total investable assets.) I think I-Bonds are great once you max out all your other tax advantaged accounts each year.
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So that looks like a lot of downsides for I-bonds and none for TIPS. Do TIPS have worse rates?
Added some more info in an edit. I think TIPS get slightly worse rates, but to be honest the rates are both so low I don’t know or care – I’m buying them for the protection against inflation. And I’m buying the I-Bonds every year to cash in as sort of a small “roll your own” annuity in retirement. (We might also add EE bonds this year for our “annuity” ladder.)
So ends the GOAT year for billionaires
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Thanks!
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Never had an IRA but wife and I are doing the backdoor roth deal this year so yay I guess
mega backdoor roth and backdoor roth ira are different and you should be able to do both for maximum free money
Congrats!
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I think you need to have a 401k plan (maybe 403b and others too) that allows you to rollout of the plan annually in order to do the mega backdoor? I know I looked into it and I cannot do the mega as my workplace plan doesn’t allow me to rollout unless I terminate my employment.
That’s correct.
I couldn’t tell which one he was referring to. But if he is referring to mega (which seems mostly likely given the info that it’s the first time), then he can do both.
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