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***Stock/Crypto/Etc Thread***


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18 hours ago, Cajunhorn said:

I’ve got a question that I’d appreciate an answer to if possible. A few months ago I left Halliburton and haven’t touched my 401k, yet. I’ve been maxing out my contributions for years but always have heard how targeted date funds usually underperform the market long term. The plan is limited as far as what I can invest in. In talking to a fidelity advisor he’s wanting me to do a Roth conversion and let them manage my account through their large cap strategy. I mentioned I’m interested in going into some of their higher returning index funds. He told me if I’m not on top of it every day that it’s a bad decision since I wouldn’t be doing constant “maintenance” on the account. Thoughts? I feel like he’s a commission based salesman trying to gain another customer.

 

Edit: I’m 50, and will work until 62, maybe 64.  I won’t need to start drawing until 66 at least as my wife is 8 years younger and makes good money. I’ve never asked an amount but around the time I turn 70 I’ll receive a couple million when my mother passes. I’d like 4 million in the account by 66, 16 years from now. I currently have reduced my investment to $1500 a month.

I definitely am not knowledgeable enough to answer this. At all. 
 

I will say there’s a ton of good resources online. Even masterclass has some decent courses. There’s also a lot of crap out there too that’s a scam. 

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5 hours ago, Blake Munroe said:

TIL who that is. I knew about the GME stuff but didn’t know he was behind it. 

Did you see if you are eligible for $Pengu airdrop? (Pudgy penguin coin) Anyone who has been in crypto for a bit might be able to claim airdrop. Its definitely easier to claim on desktop than mobile. Free money. Coin is on sol but eth and sol wallets are checked for airdrop amount. Just put .com on the end👇

claim.pudgypenguins

Edited by Atxdubstep
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3 hours ago, Bobby_Batronic said:

Any thoughts on these algorithm based investing programs? We’re pretty diversified in our mutual funds/401ks etc., but I’m always looking for something on the side if it works. 

Are you talking like using an AI bot to do auto trade for you? I’ve seen this and have quite a few tweets bookmarked but haven’t got to really dive into it. 

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3 hours ago, Atxdubstep said:

Did you see if you are eligible for $Pengu airdrop? (Pudgy penguin coin) Anyone who has been in crypto for a bit might be able to claim airdrop. Its definitely easier to claim on desktop than mobile. Free money. Coin is on sol but eth and sol wallets are checked for airdrop amount. Just put .com on the end👇

claim.pudgypenguins

I didn’t even know about this. I’m going to give it a whirl. Although connecting my wallet to anything makes me nervous just because I’ve seen so many horror stories. 

I’m definitely still learning… A LOT. I just try to learn something new daily and it’s working out for me. I’ve either been incredibly lucky or I’m a freaking savant and don’t know it yet. 

  • Hook 'Em 1
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2 hours ago, Blake Munroe said:

Are you talking like using an AI bot to do auto trade for you? I’ve seen this and have quite a few tweets bookmarked but haven’t got to really dive into it. 

I don’t know if it’s an AI bot or just an algorithm that runs within the parameters you set for it. I’ve been seeing them for nearly a decade, but never pulled the trigger because it seemed kinda scammy, but I think it’s a legit way to do things. I just don’t know if it’s average returns would greatly exceed our current investing strategies. 

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3 hours ago, Blake Munroe said:

I didn’t even know about this. I’m going to give it a whirl. Although connecting my wallet to anything makes me nervous just because I’ve seen so many horror stories. 

I’m definitely still learning… A LOT. I just try to learn something new daily and it’s working out for me. I’ve either been incredibly lucky or I’m a freaking savant and don’t know it yet. 

1st rule of crypto club is don't click links. I assure you that that one on my post is legit. But that's why I didn't make it a link.

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4 hours ago, Blake Munroe said:

I didn’t even know about this. I’m going to give it a whirl. Although connecting my wallet to anything makes me nervous just because I’ve seen so many horror stories. 

I’m definitely still learning… A LOT. I just try to learn something new daily and it’s working out for me. I’ve either been incredibly lucky or I’m a freaking savant and don’t know it yet. 

Just create a dummy wallet.

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