Stock Market is the bottom in?

[buckvelvet]

Looks like Space X could go public soon. Thoughts on this as an investment? Seems like it could be huge to me......but what do I know?

Yes, most of what I read says 'June-ish' 2026, I'd move a lot of chips into that if I get the opportunity but it depends on how that sucker is offered...

 

[bigboreblr]

I suspect space junk is going to a problem or win for someone.

Might be a wasteland up there, might be money in handling the problem.

SpaceX can go military, internet, maybe even the next gps system.

Maybe look back at a similar company and see the waves and news on it.

School and chevron are going up.

Think there's more juice in the AI berry?

 

[SD51555]

Chevron is on the march which is interesting considering we're at $63 oil. I got topped out today and had to give some back to keep my shares. That blew.

 

[bigboreblr]

View attachment 88806

Chevron is on the march which is interesting considering we're at $63 oil. I got topped out today and had to give some back to keep my shares. That blew.

Telemark posted that. Even coca cola ain't so bad.

I think find good mutual funds and hand picking their choices to reasonable tangible stocks is a good plan.

So the thing eith ai is a race to make a profit. I'm thinking companies that have a known well defined software pricing platform system might be one to go with. Like Microsoft knows how to ring out corporations wallets.

Any bad news AI anybody gonna nibble on here. I'm leaning towards buying Microsoft, but sell when I make 15 or 20 percent. Did that with Myrg. Bought more chevron sone schd and chamge went into cef gold/silver.

 

[bwoods11]

Exxon Mobil was $104 in June . It’s up, up, up …

 

[Angus 1895]

The Blackrock dividend fund has been outstanding for me the last year.

 

[Howboutthemdawgs]

Msft trying to copy unh and get cut in half.
Also this-
2009…the financial crisis. Not good company to be in

Layoffs in January were the highest to start a year since 2009, Challenger says

With the recent narrative centering on a no-hire, no-fire labor market, the data suggests that the layoff part of the equation could be stepping up.

www.cnbc.com

 

[Brian662]

Been doing some research into the "Trump accounts" for my kids. They won't qualify for the $1,000 seed money, but I'm going to open an account for each of them so that we can deposit $5,000/year for them to compound for longer periods than they are currently eligible for.

Basically since my kids are too young to work, the Trump account is a vehicle to invest for them. The contribution will be post-tax and treated as though its a "Roth" style contribution, the money earned while compounding will be tax-deferred and eligible for a "Roth conversion" when my kids are 18+, think low income college age = low tax conversion.

Once my kids become working age and get jobs, a Roth custodial account is a better option than the Trump account because 100% of the contribution plus growth is tax free. However, for now, the Trump account is a great option from what I can find in my research.

Anyone else looking to take advantage for their kids or grandkids?

 

[T-Max]

Been doing some research into the "Trump accounts" for my kids. They won't qualify for the $1,000 seed money, but I'm going to open an account for each of them so that we can deposit $5,000/year for them to compound for longer periods than they are currently eligible for.

Basically since my kids are too young to work, the Trump account is a vehicle to invest for them. The contribution will be post-tax and treated as though its a "Roth" style contribution, the money earned while compounding will be tax-deferred and eligible for a "Roth conversion" when my kids are 18+, think low income college age = low tax conversion.

Once my kids become working age and get jobs, a Roth custodial account is a better option than the Trump account because 100% of the contribution plus growth is tax free. However, for now, the Trump account is a great option from what I can find in my research.

Anyone else looking to take advantage for their kids or grandkids?

Can you elaborate on the "roth style?" That is the part I am not tracking. You will put in (as would I) post-tax contributions, but the account will be treated like a traditional IRA and pay taxes at conversion later? I know I am not tracking and that is my hang up for now.

 

[Brian662]

Can you elaborate on the "roth style?" That is the part I am not tracking. You will put in (as would I) post-tax contributions, but the account will be treated like a traditional IRA and pay taxes at conversion later? I know I am not tracking and that is my hang up for now.

Yeah, that part is confusing and why initially I wasn't considering using it when information started rolling out.

From what I can gather, I believe the account will have the ability to track contributions separately from growth. The contributions will be tax free (Roth) and the growth will be tax-deferred (eligible for a Roth conversion later). If you don't do a conversion, it will remain a blended account. When the child turns 18 it turns into a IRA, would stay blended and taxes/penalties for early withdrawal would follow IRS guidelines for IRAs.

 

[Telemark]

I think my niece and nephew are just getting an ordinary Roth IRA. Then my sister and BIL will pay them for chores.

 

[homerj]

Minors need to have earned income in order to have a Roth, no? How is that proven or recorded?

 

[Telemark]

I can't imagine a child getting audited for contributing to a retirement account.

But if it happens, I imagine a sworn affidavit from their parents would suffice. The personal deduction for 2026 is 16,000 dollars, and Roth contributions can't exceed 7500 anyway. None of that would be taxable, so I can't imagine the IRS would get involved.

 

[Brian662]

Minors (below 18) can only contribute to a Roth IRA through earned income. Earned income is subject to child labor laws.

Minors can work for a business solely owned by their parent(s) and they won't be subjected to normal child labor laws, so long as that business isn't in certain industries.

Please don't follow reckless advice on internet forums.

 

[Westwind]

I love the Trump accounts concept. These are going to be very good for young people and to reinforce the value of compounding interest.