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1
Tenpoundbass
2019 Jan 3, 5:24pm
Tenpoundbass
2019 Jan 3, 5:24pm
When it get's 4% the wise person would pull every cent out of their 401K just one month would earn your money back you lost in fees.
And since you get taxed on it when you pull money out, even after you retire, you have to pay taxes anyway.
Once you have money in S&L it's yours you don't get taxed and fined every time you pull money out.
And since you get taxed on it when you pull money out, even after you retire, you have to pay taxes anyway.
Once you have money in S&L it's yours you don't get taxed and fined every time you pull money out.
2
RWSGFY
2019 Jan 3, 5:41pm
RWSGFY
2019 Jan 3, 5:41pm
Tenpoundbass says
Huh? Interest on savings account IS taxed. Penalty for pulling out of 401k is 10%. All the growth and dividends accrued for the life of that 401k will be taxed as ordinary income the moment you pull your money out. With 4% interest in a savings account it will take decade or more to earn all of it back.
When it get's 4% the wise person would pull every cent out of their 401K just one month would earn your money back you lost in fees.
And since you get taxed on it when you pull money out, even after you retire, you have to pay taxes anyway.
Once you have money in S&L it's yours you don't get taxed and fined every time you pull money out.
Huh? Interest on savings account IS taxed. Penalty for pulling out of 401k is 10%. All the growth and dividends accrued for the life of that 401k will be taxed as ordinary income the moment you pull your money out. With 4% interest in a savings account it will take decade or more to earn all of it back.
4
Tenpoundbass
2019 Jan 3, 5:54pm
Tenpoundbass
2019 Jan 3, 5:54pm
DASKAA says
Walk Away Man!
You're not doing yourself any favors obcessing over Elong Musk and Warren Buffet's fortune.
Another thing you're not factoring.
When interest rates goes down your balance doesn't shrink.
100K in a savings account for 10 years earning 3% yields 35% without adding anything.
The Dow in 23K territory today could be at 13K by next year. Your savings account would never lose value like that.
Huh?
Walk Away Man!
You're not doing yourself any favors obcessing over Elong Musk and Warren Buffet's fortune.
Another thing you're not factoring.
When interest rates goes down your balance doesn't shrink.
100K in a savings account for 10 years earning 3% yields 35% without adding anything.
The Dow in 23K territory today could be at 13K by next year. Your savings account would never lose value like that.
5
RWSGFY
2019 Jan 3, 5:57pm
RWSGFY
2019 Jan 3, 5:57pm
Tenpoundbass says
Who said I obsess over their fortune?
You're not doing yourself any favors obcessing over Elong Musk and Warren Buffet's fortune.
Who said I obsess over their fortune?
6
RWSGFY
2019 Jan 3, 5:57pm
RWSGFY
2019 Jan 3, 5:57pm
Tenpoundbass says
Who said I'm retiring next year?
The Dow in 23K territory today could be at 13K by next year.
Who said I'm retiring next year?
7
Eman
2019 Jan 3, 7:05pm
Eman
2019 Jan 3, 7:05pm
“The Really Really Really smart people are seeing Banks paying savings accounts 2.75% and at this rate will be paying 4% by the Summer.”
- What are you smoking? Banks will be paying 4% for savings by this summer? Want to make a bet? Patrick will be our judge and handle the winnings.
- What are you smoking? Banks will be paying 4% for savings by this summer? Want to make a bet? Patrick will be our judge and handle the winnings.
9
Tenpoundbass
2019 Jan 4, 6:15am
Tenpoundbass
2019 Jan 4, 6:15am
The revival of American manufacturing continued in the final month of 2018. The economy added 32,000 factory jobs for the month, including 19,000 positions added in the durable goods sector. That brings total new manufacturing jobs to 284,000 in 2019, a 37 percent rise from the previous year.
https://www.breitbart.com/economy/2019/01/04/the-u-s-economy-added-312000-jobs-in-december/
https://www.breitbart.com/economy/2019/01/04/the-u-s-economy-added-312000-jobs-in-december/
10
Tenpoundbass
2019 Jan 4, 6:18am
Tenpoundbass
2019 Jan 4, 6:18am
DASKAA says
The same people who believe the economy is in the crapper just because those guys bubble run is coming to an end.
Tenpoundbass saysYou're not doing yourself any favors obcessing over Elong Musk and Warren Buffet's fortune.
Who said I obsess over their fortune?
The same people who believe the economy is in the crapper just because those guys bubble run is coming to an end.
11
RWSGFY
2019 Jan 4, 10:03am
RWSGFY
2019 Jan 4, 10:03am
Tenpoundbass says
What any of it has to do with me? Talk to Mr.Magic - it's him who spends countless megabytes of traffic describing how doomed various American businesses are.
DASKAA saysTenpoundbass saysYou're not doing yourself any favors obcessing over Elong Musk and Warren Buffet's fortune.
Who said I obsess over their fortune?
The same people who believe the economy is in the crapper just because those guys bubble run is coming to an end.
What any of it has to do with me? Talk to Mr.Magic - it's him who spends countless megabytes of traffic describing how doomed various American businesses are.
12
puviqab
2019 Jan 4, 12:26pm
Tenpoundbass says
Many disgree
https://www.breitbart.com/economy/2019/01/03/u-s-stocks-dive-after-weak-manufacturing-data-hassett-comments-apple-sales-warning-on-china-weakness/
The Really Really Really stupid people right now are panicking about the rising interest rates, and the protectionist tariffs creating jobs and demands for our own domestic goods. They are fretting over the millions and billions the 1% are losing on their rigged monopoly economy Bush and Obama left behind.
WHILE!
The Really Really Really smart people are seeing Banks paying savings accounts 2.75% and at this rate will be paying 4% by the Summer. They are working more not in the Apple Stores, Chipotle Counters, or for the Alphabet Companies slaving at the company store. They are working for small businesses that are paying more than in decades for a workforce mor...
Many disgree
13
MrMagic
2019 Jan 4, 12:44pm
MrMagic
2019 Jan 4, 12:44pm
DASKAA says
Nah, that's just the ones you're a fanboy of, and don't want to deal with reality.
BTW, how's that Bitcoin investment of yours hold up?
What any of it has to do with me? Talk to Mr.Magic - it's him who spends countless megabytes of traffic describing how doomed various American businesses are.
Nah, that's just the ones you're a fanboy of, and don't want to deal with reality.
BTW, how's that Bitcoin investment of yours hold up?
15
RWSGFY
2019 Jan 4, 1:14pm
RWSGFY
2019 Jan 4, 1:14pm
MrMagic says
AAPL is what - about $150 per share right now? Remind me about this convo in 5 years. We'll laugh about it together.
Nah, that's just the ones you're a fanboy of, and don't want to deal with reality.
AAPL is what - about $150 per share right now? Remind me about this convo in 5 years. We'll laugh about it together.
16
MrMagic
2019 Jan 4, 2:02pm
MrMagic
2019 Jan 4, 2:02pm
DASKAA says
and it was at $232 in October. That's a -36% DROP...
Can you say Winning??
MrMagic saysNah, that's just the ones you're a fanboy of, and don't want to deal with reality.
AAPL is what - about $150 per share right now? Remind me about this convo in 5 years. We'll laugh about it together.
and it was at $232 in October. That's a -36% DROP...
Can you say Winning??
17
clambo
2019 Jan 4, 7:02pm
Smart people don't keep their money in banks; when you do, you are lending them your capital in exchange for practically nothing, and usually zero return after inflation and taxes.
My net worth is down 10% from the peak in September as of today Jan 4. That's not a big deal although it looks scary when I see the dollar figure.
Stocks will be right back up because the consumer is doing well and not afraid to spend, spend, spend. his dough.
My net worth is down 10% from the peak in September as of today Jan 4. That's not a big deal although it looks scary when I see the dollar figure.
Stocks will be right back up because the consumer is doing well and not afraid to spend, spend, spend. his dough.
18
RWSGFY
2019 Jan 4, 10:11pm
RWSGFY
2019 Jan 4, 10:11pm
MrMagic says
Sure. Let's talk in 5 years, what you got to lose?
DASKAA saysMrMagic saysNah, that's just the ones you're a fanboy of, and don't want to deal with reality.
AAPL is what - about $150 per share right now? Remind me about this convo in 5 years. We'll laugh about it together.
and it was at $232 in October. That's a -36% DROP...
Can you say Winning??
Sure. Let's talk in 5 years, what you got to lose?
19
MrMagic
2019 Jan 5, 9:19am
MrMagic
2019 Jan 5, 9:19am
ThreeBays says
The TDS is really strong here.
Why not put the savings in a bank account in your mother Russia? You can get 6.6%, and support your president's sponsors? https://russia.deposits.org/deposits/vtb/.
The TDS is really strong here.
20
RWSGFY
2019 Jan 5, 9:32am
RWSGFY
2019 Jan 5, 9:32am
ThreeBays says
There is a time to worry about return on investment and a time to worry about return OF investment. In Mother Russia it's always the latter.
Why not put the savings in a bank account in your mother Russia? You can get 6.6%, and support your president's sponsors? https://russia.deposits.org/deposits/vtb/.
There is a time to worry about return on investment and a time to worry about return OF investment. In Mother Russia it's always the latter.
The Really Really Really stupid people right now are panicking about the rising interest rates, and the protectionist tariffs creating jobs and demands for our own domestic goods. They are fretting over the millions and billions the 1% are losing on their rigged monopoly economy Bush and Obama left behind.
WHILE!
The Really Really Really smart people are seeing Banks paying savings accounts 2.75% and at this rate will be paying 4% by the Summer. They are working more not in the Apple Stores, Chipotle Counters, or for the Alphabet Companies slaving at the company store. They are working for small businesses that are paying more than in decades for a workforce more in demand in 2 decades, creating product that are in demand domestically created for the first time in over 3 decades. They are taking that extra money and squirreling it away in an interest baring account. Out performing your precious rigged Indexes. That are rigged to make sure Buffet, Bezos, Musk, and all of the other Oligarchs get their money out first. Long before you would ever retire and see benefit from a stuipd 401K.
Savings accounts are after tax, no fees, it's your money, it only keeps accruing interest along with more money you add to it.
Don't be Really Really Really Stupid.
https://www.depositaccounts.com/featured/savings-rates.html?cname=lp184t&esourceid=6267916&cproduct=savingsaccounts&cchannel=sem&csource=google&ctype=c&cmethod=g&cterm=kwd-24196660&ppckw=savings%20rate&adid=282093228879&matchtype=e&ccreative=282093228879&utm_source=google&utm_medium=cpc&utm_campaign=1474089795&utm_term=savings%20rate&ccampaign=1474089795&cgroup=59865412711&gclid=EAIaIQobChMIk97n6PfS3wIVCx6GCh2BxA2lEAAYASAAEgKnGvD_BwE