What Physical Assets Should I Purchase With My Side Hustle Money? Investing |
- What Physical Assets Should I Purchase With My Side Hustle Money?
- Quantum Computing: Is it a good time to invest?
- "Don't do a Back Door Roth" ... Girlfriend's financial advisor told her she shouldn't do a back door Roth and I can't understand why?! Is there any reason to NOT do a back door Roth?
- How is the solar sector looking in the long term?
- Telecommunications - is it a good time to invest?
- Positioning for Inflationary Spike in Velocity of Money?
- Backdoor Roth in January of 2022 or wait to see if they kill it?
- Article on Thomas Hoenig (Kansas Fed) and QE under Bernanke. Thoughts?
- Question about taxes on realized gains this year
- ETF Funds & compounding - where to start in EU?
- Bond index even worth it?
- Biggest losers next year?
- Price not changing despite volume increasing throughout the day
- Maybe I'm a dummy but can anyone explain this options question I have?
- Flood me with information about SLABS!
| What Physical Assets Should I Purchase With My Side Hustle Money? Posted: 28 Dec 2021 02:16 PM PST I buy and sell stuff on eBay. It's fun and I've been doing it for years. Its literally a hobby for me and I make about 3-5k a month in profit. It is an LLC and I file it as an S Corp (I'm a tax accountant). 2020 was insane, I made about 100k in Q4 alone. I did everything possible to increase my expenses by purchasing income producing or appreciating assets. My basement is literally full of everything from expensive alcohols to Pokemon cards that won't be sold for about 10-20+ years. So now, I'm at a point where I'm about maxed out on time for income producing physical assets and space for appreciating assets. I need some more ideas. What other income producing assets can I purchase? What are some appreciating assets that don't take up space? *I don't want to buy another rental because I don't think the market is right. Thanks in advance for any suggestions and recommendations! 😃 [link] [comments] |
| Quantum Computing: Is it a good time to invest? Posted: 28 Dec 2021 07:42 AM PST Hello everyone, I'm new to this sub and I'm quite interested in investing in quantum computing. This article piqued my interest and I was wondering if this is a good time or if it's still too early. So some backstory, 6 months ago I saw Honeywell International (HON) mentioned in relation to quantum computing. That got me looking more into the topic, as I had always thought QCs were decades away. But apparently, companies are already developing small quantum computers for commercial use (beginning of another Moore's Law??). I've browsed different stock-related subreddits but I don't see this topic mentioned often. That also makes me wonder whether it's still too early for QC-themed investments or whether people are just sleeping on it. I'm already invested in big tech companies like Amazon or FAANG stocks in general, so I'm really looking to add stocks with higher long-term upside. Any suggestions or advice is appreciated! [link] [comments] |
| Posted: 28 Dec 2021 11:20 AM PST Why would a financial advisor suggest not doing a Back Door Roth (BDR)? Girlfriend is W2 and exceeds Roth income limits. We got on a conference call and he (tried) to explain his logic that her account balance is such than the 6k Roth limit is just over 1% of her IRA balance and therefore she shouldn't do it. "The IRS pro-rata rule would make 98.5% of this conversion taxable because the 6000 Roth conversion is 1.5% of her account balance". I get that Roth money is post tax and IRA money is pre-tax. My question is this: "okay, I have $6k post tax, where do I invest it" - my mind would go to BDR if you're maximized your 401k, HSA, etc. I'm thinking nefarious motives and it's probably not. Also, it's my vanity for the 'professional' advice contradicting my own. I can't understand his explanation or advising against a back door Roth for any conceivable reason. Thanks in advance hive mind! [link] [comments] |
| How is the solar sector looking in the long term? Posted: 28 Dec 2021 04:21 PM PST Is the general consensus that things like the TAN etf are generally a safe long term bet over the next 5-10 years? How do you all feel about the different continental markets? Europe looks like it is mostly full steam ahead with North America lagging behind because of lobbiest and resistant to change. Especially what happened with Biden's infrastructure bill failing. China seems to have the manufacturing side and supply chain cornered for now. For those not in the know they supply the majority of rare earth metals for the global supply and they invite foreign solar manufactures to build factories in China as long as they don't sell in chinas market. I'm not sure what is happening in Africa and South America. I heard the former rapper Akon has made some waves with solar development in Africa for the last decade but not much info. What's your takes on this? Any new info or speculation to throw into the collective pot? [link] [comments] |
| Telecommunications - is it a good time to invest? Posted: 28 Dec 2021 07:26 PM PST Like many, it seems like now is a good time to move some investments from growth to value (at least large-cap, value). The telecommunications sector has really suffered over the last 5-10 years. Looking at AT&T (and Verizon) both have remarkably low PEs, even projecting out 5-10 years. They also have high dividends. Their DCF also looks interesting. Are folks aware of any reason why these companies have such a low PE? With the advent of Meta, Cloud, and 5G it would seem that telecommunications has a lot of value and growth opportunities. Any thoughts on this is much appreciated. [link] [comments] |
| Positioning for Inflationary Spike in Velocity of Money? Posted: 28 Dec 2021 11:08 PM PST For the past decade I've watched the expanding monetary supply without much concern for inflation, since it's basically just gotten shoved into risk assets and sucked up into billionaire bank accounts. But now, it looks like wages are starting to come up in a big way. This may be one of the big stories of 2022. When wages come up, everything starts to get more expensive. So here I am with far too much cash, thinking I would have time to allocate slowly. How to hedge while maintaining enough liquidity to rebalance as opportunities in risk present themselves? There are REITS, which feel richly valued but may turn out to be a bargain if indeed assets continue to inflate. There is debt, but even at 12% on a stagnant basis, I fear it would just barely be keeping up. There is always good old VTSAX, but the indexes are increasingly propped up by a few major companies that are REALLY wanting for antitrust action, which is now taking shape… So, pray tell, how are you positioning? [link] [comments] |
| Backdoor Roth in January of 2022 or wait to see if they kill it? Posted: 28 Dec 2021 08:16 PM PST So I usually do my backdoor Roth every year in January. I max out my 401k contributions and make $150k a year so a backdoor Roth allows me to contribute a little more. But I read they were getting rid of it in Bidens new build back better plan if it ever gets passed. My question is, if this gets passed in 2022 will it kill the backdoor roth for 2022 or will they phase it in later? I'm wondering if I'm better off waiting to see if it's still allowed at the end of 2022. [link] [comments] |
| Article on Thomas Hoenig (Kansas Fed) and QE under Bernanke. Thoughts? Posted: 28 Dec 2021 03:35 PM PST The Fed's Doomsday Prophet Has a Dire Warning About Where We're Headed A couple of questions. For those of you that were invested during the QE/Bernanke years, did the Fed's QE policies affect you at all? Any side effects? Good? Bad? I'm also curious if there is any agreement with Hoenig's view: That the inflation of current asset prices is (mostly) the result of the Fed's 'easy money' policies, and is setting up the economy for problems in the future (e.g. a crash or major correction). [link] [comments] |
| Question about taxes on realized gains this year Posted: 28 Dec 2021 06:26 PM PST I made about 23,000$ before tax this year from my job. I made about 20k realized stock gains, and a new position is now worth 16k. Should I take the 4K loss and use that as a write off for tax purposes? Will this gain push me into a new income bracket and I'll have to pay 22% in taxes? Or, will the standard tax write off we get of $12,500 keep me in the income bracket that only is taxed 12% for short term gains for the year? My after tax take home income from work would be about 17k, and I have a realized gain in stocks for about 20k which would put me at around 37,000$ gain this year after taxes in total. Would it be best to sell my stock gain prior to the new year, or just keep holding it? The only reason I'm debating selling it is to lower the income bracket it might push me too… but if I'd just be taxed at 12%, I'd rather just hold it even though the position is worth less now. [link] [comments] |
| ETF Funds & compounding - where to start in EU? Posted: 28 Dec 2021 11:26 AM PST Hello everyone, I'm new to this sub - but not quite new to markets and financial talk. I'm from EU, so I'm looking for some investing platform in European Union - as those laws are much closer to me, than i.e. USA laws. I am 24 and I believe I made a mistake not starting earlier, but there's time to catch up. I also have bachelor's degree in economics, and currently chasing master's in finances. However, I never really had funds to start some serious investing. Recently I have made a decision to start investing in index funds. What really pushed me into this was my professor who said something like this: "Start now, do it consistently - without particularly large sums - and you'll retire as a millionaire". Now, I completely understand that markets are volatile and crashes can happen, just as they can rise. But that's the long-term risk I'm willing to take. I actually have 2 plans: PLAN 1 (mid-term): PLAN 2 (long-term): SO WHAT DO YOU WANT? 1) I'm looking for the best platform in EU, if someone can recommend it (lowest fees, lowest starting funds...) 2) Guides/criticism on my ideas, as we don't get much practical work on college unfortunately. Thanks everyone :) Any idea is welcome, of course! [link] [comments] |
| Posted: 28 Dec 2021 07:47 PM PST Hi guys, I'm in my late 30s and was looking over my 401k today that I have with fidelity where I noticed I am 80 percent equities/index funds, 15 percent bond index fund (VBTIX) and 5 percent TIAA traditional (guaranteed). I'm a fairly agressive investor in all my other accounts but took someone's advice with this one. Long story short, this portfolio is naturally underperforming all my others and the non equities are to blame. Should a guy my age even bother with these or just rebalance to all index funds? Also, if I rebalance with TIAA, is this a taxable event...will I encounter a respective loss or gain? Thanks! [link] [comments] |
| Posted: 28 Dec 2021 07:57 AM PST Looking at long-dated puts and put spreads for hedging and diversification purposes. Technically, that's not investing but all-long is rarely a safe strategy when you don't know which way the market will turn. This year's biggest losers include COVID growth darlings (Zillow, Peloton, Teladoc etc.) , SPACs, and anything Chinese. Meanwhile FANG(MAT) is evergreen with no signs of slowing. What's the next class of stocks to take a beating, if any? [link] [comments] |
| Price not changing despite volume increasing throughout the day Posted: 28 Dec 2021 08:46 AM PST Hi! For better or worse i bought TOITF. Its a software company that trades OTC in the US. Interestlying whether it is google finance, Yahoo finance, Schwab or elsewhere I see that the price is trading at the close ~$85. However, during the day there have been trades executed and the shares are trading around ~$89. Despite seeing small volume at that level, the prices remains at $85 when I look at it. Does anyone know why this is? I have heard if trades are fewer than 100 share lots the price won't update. Is that this case? Thank you for your insight. [link] [comments] |
| Maybe I'm a dummy but can anyone explain this options question I have? Posted: 28 Dec 2021 07:01 AM PST I am not understanding how Volume and last trade date match up. When I pull up an option chain, for example right now I am going to pull up SIRI for Jan 7 2022. I'm looking on Yahoo finance, by the way. Specifically, I am looking at the $7 strike, although there are examples everywhere. But on this particular strike, volume is listed as 5. Which as I understand it, means there were 5 contracts traded yesterday, Dec 27th. Am I understanding that incorrectly? Because if that is true, then why would last trade be on Dec 23rd at 12:55pm? Shouldn't volume say zero? Thanks in advance for anyone who takes the time to teach me something today! [link] [comments] |
| Flood me with information about SLABS! Posted: 28 Dec 2021 11:03 AM PST I fell down the rabbit hole of Student Loan Asset Backed Securities (SLABS). And from some information I found its sounds very similar to 2008 and CDOs. From what I read these are packaged into trances just like the mortgage backed securities, and have quite high ratings despite a number of factors. These factors include student loan forgiveness, and payment based on income which prolongs payment period, with both of these decreasing value of the bond. Im interested in knowing what a realistic rating on these would be considering the asset is not tangible like a house or a car, they have high ratings but to me they seem like bullshit. Is it really just another bubble waiting to pop? And finally how leveraged is Burry? Any information you could bless me with would be much appreciated! [link] [comments] |
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