they’re not going to have that problem
this is a weird time, extreme risk/reward/LOL all over the place in possibilities–before some figured the dollar was going to go to shit first so stonks would go up since they’d just sock money somewhere but that idea doesn’t work if stonks go down first like this.
The scenario you invest and never get that back in your lifetime is in play here if things spiral out of control
I’m wondering if oil is the play, could get a squeeze in the summer if nobody’s buying the russian oil but it’s already up quite a bit :/
That’s a pretty strong claim. There were plenty of people with money to invest even in 2008.
your claim of the cycle will repeat is also a really strong claim
there’s no evidence of that with these inflation numbers and this level of debt
Not really, the boom bust cycle has always repeated. The claim that this time is different should always be the one that needs stronger proof.
We are only seeing a great depression type scenario in the event of severe deflation which creates a feedback loop. A stagflationary scenario will result in a loss of real wealth but people are still much better off invested in stocks than most alternatives in that scenario
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I forget is the correct strategy with HSA just to never spend it? When do I actually spend/withdraw it?
You just save it until you are really old and have lots of medical expenses that you need to spend it on.
Since you don’t have to withdraw at the time you incur the expense, the other alternative is to just save all your receipts for health care since you opened the account. Then in the future if you want to withdraw for a non-health care expense you can withdraw up to to the total amount on the receipts you have amassed.
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Once you hit 65, HSA bucks can be spent on anything with no penalty. Good as cash.
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I don’t think this is true. Anyone want to confirm?
Edit: I guess you’re right there is no “penalty”, but you would have to pay tax on the withdrawal if you aren’t spending it on health care (or to reimburse yourself for prior health care expenditure).
Yeah that’s what I thought I read too.
Lol that HSA are a thing. Or need to be a thing.
It’s more the first.
No one who is taking full advantage really needs them for health care expenses. It’s just an extra tax free account.
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Well my extremely wealthy aunt and uncle once enthusiastically lectured me on what a glorious solution HSAs are to America’s healthcare problems, so not so sure about that.
Story checks out.
$3600/year should cover one minor elective surgery every 5 years. Or .001% of bone cancer.
But $6k a year tax free compounded forever for people who earn too much for a Roth is CHOICE BABY WAY TO GO NEOLIBS
Well, you can’t put the money in unless you’ve got an HDHP, so you should be good on the bone cancer.
Keeping the receipts for everything is the key to maintaining flexibility to withdraw. Check the list too, a wide range of things qualify including masks and hand sanitizer now.
I think the difference right now is that you currently have a much larger inflow of retail investing vs hedge funds (post covid) than you did in any time in history. This we know and we know hedge funds aren’t nearly as bullish as the retail investors are in this point in time - ARKKs current investments are more in-line with retail investors right now - leveraged companies with large upside/coinbase shit.
An important thing that I feel that I have learned in this last year is that when you’ve got literally millions of little groupers on their Robinhood app all seeing their FB and pypl and COIN and ETSY or TSLA drop to what is perceived as “good entry levels” only because its half of what it was a year ago or some other dumb shit, it actually does make a major difference. We are no where near at the point to where those folks have given up on “buying the dip” in the broader market as they have began to in other places like AMC or shit coins. When they lose interest, it will matter, imo.
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