buckvelvet
5 year old buck +
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...
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Stock Market is the bottom in?
- Thread starter Peplin Creek
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bigboreblr
5 year old buck +
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.
SCHD and chevron are going up.
Think there's more juice in the AI berry?
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.
SCHD and chevron are going up.
Think there's more juice in the AI berry?
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bigboreblr
5 year old buck +
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.
Angus 1895
5 year old buck +
The Blackrock dividend fund has been outstanding for me the last year.
Howboutthemdawgs
5 year old buck +
Msft trying to copy unh and get cut in half.
Also this-
2009…the financial crisis. Not good company to be in
www.cnbc.com
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.
Brian662
5 year old buck +
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?
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
5 year old buck +
Yeah, that part is confusing and why initially I wasn't considering using it when information started rolling out.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.
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
5 year old buck +
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.
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
5 year old buck +
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.
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.
Telemark
5 year old buck +
That sounds easy enough.
hunts_with_stick
5 year old buck +
I sold off a bit today. Idk, could be wrong, but things seem off. Want cash on hand. Didn’t sell a whole lot but some
Looks like the max a minor can contribute is $7K OR the equivalent of their earned income. It'd take a lot of babysitting to make $7K.
I'm thinking the Trump accounts make more sense for infants through the early teens.
Telemark
5 year old buck +
For sure. My niece and nephew are 12 and 10 respectively.
Brian662
5 year old buck +
100%
Plus if you want the babysitting to be considered earned income you have to claim it on taxes, many are cash transactions.
Trump account is a good thing *until* a child can show earned income. Max IRA contribution is $7,500 this year. If a child had a summer job and earns the $7,500 for max IRA contribution, their Trump fund can also be maxed to $5,000. Huge advantage for some potential life changing compounding later in life.
ETA - if the choice has to be made between Roth IRA and Trump account (for qualifying minors) then the Roth would be better, IMO.
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