Boiler Room: The Official Stock Market Discussion

[Primetime]

I'm still holding all my SoFi shares about 1200 of them. Because I'm up 85% it's my largest holding now but it's had terrible performance for many years and I was buying in the IPOE days in the low $20s. Kinda feel like a Chamath bag holder.

I'm holding 2k shares of SoFi and 960 shares of HOOD.

I know the feeling. With SoFi I also got 2k shares and 25 calls expiring March ‘26. The shares I’d DCA’d to $9/per

Ironically, where SoFi is now at $25-26 is around where it was when I first invested in it 4-5 years ago (before it plummeted) and that’s the same range both AMD (7-8 years ago) and PLTR (last year) were at when I half-assed invested in them (compared to SoFi) before they skyrocketed. Same with RKLB.

That feeling of knowing you coulda/woulda/shoulda drafted Carmelo, Wade, or Bosh but here you are stuck with Darko

 

[FabTrey]

Regarding Roth for my son



nah, it's under my name.


but it's all his unless he does something stupid.

 

[Dreamchaser]

u can always pull out early for a tax hit or when he hits retirement age

Yeah for the account owner, but if its for his son he would have to pass in order to give it to him.

Regarding Roth for my son



nah, it's under my name.


but it's all his unless he does something stupid.

You opened the wrong account.

Understand the Kiddie tax | Fidelity

If you got a tax form for a minor, you may need to help them file a return.

www.fidelity.com

This is what you want for your kid. UGMA or UTMA account.

1. For a child with no earned income, the amount of unearned income up to $1,350 is not taxed in 2025.

Real tax savings and investment growth.

RothIRA for 30 month kid is a bad move.

 

[Bboystyle]

Yeah for the account owner, but if its for his son he would have to pass in order to give it to him.

You opened the wrong account.

Understand the Kiddie tax | Fidelity

If you got a tax form for a minor, you may need to help them file a return.

www.fidelity.com

This is what you want for your kid. UGMA or UTMA account.

1. For a child with no earned income, the amount of unearned income up to $1,350 is not taxed in 2025.

Real tax savings and investment growth.

RothIRA for 30 month kid is a bad move.

Breh he(fabtrey) can pull it out whenever he wants, give it to his kid, and pay taxes on it. He doesnt have to die for the kid to get the money. Yall really just be saying random shyt instead of saying u were wrong and keeping it moving

 

[Dreamchaser]

Breh he(fabtrey) can pull it out whenever he wants, give it to his kid, and pay taxes on it. He doesnt have to die for the kid to get the money. Yall really just be saying random shyt instead of saying u were wrong and keeping it moving

He can't pull it whenever he wants. He has to wait until he's 59 1/2 to pull it without being subjected to a 10% penalty and the money considered taxable income. Pulling the money and paying taxes and a penalty, defeats the purpose of having a Roth IRA to start with.

He should open a UGMA or UTMA account if he wants to give to his son directly and wants to avoid taxes.

 

[Tunez]

 

[Tunez]

Nvidia going down, market doesn't like the earnings?

 

[naijaboi]

Regarding Roth for my son



nah, it's under my name.


but it's all his unless he does something stupid.

Or just wait for the Trump account in 26

 

[naijaboi]

Nvidia going down, market doesn't like the earnings?

Fundamentals been the bushes breh.

 

[Bboystyle]

He can't pull it whenever he wants. He has to wait until he's 59 1/2 to pull it without being subjected to a 10% penalty and the money considered taxable income. Pulling the money and paying taxes and a penalty, defeats the purpose of having a Roth IRA to start with.

He should open a UGMA or UTMA account if he wants to give to his son directly and wants to avoid taxes.

Thats why i said he can pull it out whenever he wants and pay taxes on it....The amount he will accumulate when the kid is 18 makes whatever tax penalty they have to pay irrelevant...anyone can take from their retirement funds but have to pay taxes on it. When she hits 18, he can pull it out, and the kid can open up their own account with it. If not, whoever the beneficiary is can pull it out as well whenever they want if he were to die.

point being, he doesnt have to die for the kid to have access to the account. You act like paying the taxes on it is some huge hit. it isnt for an acount that is going to accumulate the next 18+ years. 10% for early withdraw plus the tax % on whatever tax bracket income he is in is better than not opening up an account at all.

 

[Bboystyle]

Nvidia going down, market doesn't like the earnings?

earnings are always mostly dip days regardless if a stock/company did good or not.

 

[FabTrey]

He can't pull it whenever he wants. He has to wait until he's 59 1/2 to pull it without being subjected to a 10% penalty and the money considered taxable income. Pulling the money and paying taxes and a penalty, defeats the purpose of having a Roth IRA to start with.

He should open a UGMA or UTMA account if he wants to give to his son directly and wants to avoid taxes.

Nah, it's under my name. I'll be over 60 when he turns adult. no penalty to cash out.



it will pay his college for sure. i'm not gonna let him just inherit all my money unless he turns out to be a good boy. he gotta work at it.

 

[FabTrey]

brehs

we are dong a new 3k account challenge. Corgi is nice.

Woof Streets Presents new 3k Challenge with Corgi starting 9/15

First things first, salute to Nilly. His 2K challenge went crazy. He ran that account up to 12K in 2 months. Due to health reasons, he’s stepping back. Big love to the homie. His KSS that went 9000%+ is legendary. I ain't never seen an over night gapper ran that hard. I'm kicking myself not...

www.thecoli.com

sign up and bank with us.

 

[FabTrey]

how's these energy and nuclear stocks doing?

https://www.thecoli.com/threads/boiler-room-the-official-stock-market-discussion.28619/post-55736792

 

[Mirin4rmfar]

ONDS