Dusty Bake Activate
Fukk your corny debates
The shyt dude said about his kid was uncalled for. But at the same time, Mowgli shouldn't be talking shyt about peoples' wives either.
Post a screenshot of your 401K balance
- Thread starter Dusty Bake Activate
- Start date
The shyt dude said about his kid was uncalled for. But at the same time, Mowgli shouldn't be talking shyt about peoples' wives either.
Check your ladies bruh. I dont need to be told shyt. You got people sayin my baby should be run over by a mack truck and you're just like la dee da and people starting shyt with me in this thread.
Miss me with these posts.
If you're about to divert a thread then you do need to be told stuff sometimes. But the biggest problem is that people stay talkin about "but but but but but you let this slide" as if I'm omnipotent. You're not the type to report shyt, and you know I'm not in a position to read every post. If that was brought to my attention that would've been dealt with appropriately. You know that I'm MORE than fair to you with the amount of times people complain. I didn't read anything in that thread after my own post really
88m3
Fast Money & Foreign Objects
Absolutely uncalled for.
If Mowgli is going to act like a complete c*nt and say that women deserve to be raped, someone is going to say something though.
That thread is rife with complete ignorance. One of the mods should have stepped in. Condoning rape is really about as low as a person can go and there were more than a handful of posters advocating and condoning rape. People in that thread were literally saying that if a woman goes outside she deserves to raped.
If you think im making a derailing comment i think you need to check that paper trail. People talk shyt, i talk shyt then you say im derailing. It doesnt make sense. Derail
You come at this Lifestyle you already goin off track.
88m3
Fast Money & Foreign Objects
From the guy who comes in with at least three aliases to every thread.
Take your imaginary 401k and your imaginary friends and go have tea party somewhere Menopausal Mowgli.
Broke Wave
The GOAT
*Steers good thread back to subject*
I don't think I would ever keep a substantial amount of money in a IRA or 401k... The only thing that appeals to me is the employer matching some of your contributions, but outside of that I don't think having so many static funds is going to lead to my long term success. There are so many great investment opportunites out there that take a lot of patience, time and risk tolerence which can basically send you to an early retirement.
Then again I'm 21
I don't think I would ever keep a substantial amount of money in a IRA or 401k... The only thing that appeals to me is the employer matching some of your contributions, but outside of that I don't think having so many static funds is going to lead to my long term success. There are so many great investment opportunites out there that take a lot of patience, time and risk tolerence which can basically send you to an early retirement.
Then again I'm 21
Dusty Bake Activate
Fukk your corny debates
*Steers good thread back to subject*
I don't think I would ever keep a substantial amount of money in a IRA or 401k... The only thing that appeals to me is the employer matching some of your contributions, but outside of that I don't think having so many static funds is going to lead to my long term success. There are so many great investment opportunites out there that take a lot of patience, time and risk tolerence which can basically send you to an early retirement.
Then again I'm 21
No way. The matching funds and tax deferments >>> any portfolio you can come up with. You can tinker with your 401k as much as you want too.
88m3
Fast Money & Foreign Objects
What kind of benefits does 88m3 have at his job.
A 401, gay.Get it.
Mowgli, we get it.
You're a repressed homosexual you've made that more than abundantly clear to everyone.
BlvdBrawler
Superstar
Explain this to me, please, breh.
So, every dollar you contribute to your 401(k) is tax deferred, meaning you don't pay taxes on it in the year you earn it. So for example, if you make $50k in a year and contribute $10k to your 401(k), you only have to pay taxes on $40k that year instead of the whole $50k that you earned that year. Often times this helps keep you in a lower tax bracket.
Once you retire, you pay taxes on your withdrawals, at whatever the tax rate is then.
*Steers good thread back to subject*
I don't think I would ever keep a substantial amount of money in a IRA or 401k... The only thing that appeals to me is the employer matching some of your contributions, but outside of that I don't think having so many static funds is going to lead to my long term success. There are so many great investment opportunites out there that take a lot of patience, time and risk tolerence which can basically send you to an early retirement.
Then again I'm 21
Right. If I get to a point where im making a good amount of money (IMO, 50k or more yearly), I plan on doing 401k up to the match, IRA, personal savings, and a slight amount into the stock market, no more than 5-10%.
and the POSSIBILITY of also having a pension>>>>>>>
If you think im making a derailing comment i think you need to check that paper trail. People talk shyt, i talk shyt then you say im derailing. It doesnt make sense. Derail
Go to sleep nikka.
Broke Wave
The GOAT
Not necessarily. There's two assumptions here... one which is that I would be investing my money totally in securities, which is not true. But that opens up a whole lot of variables, so we'll go into the idea that a portfolio individually managed cannot outperform a 401k based on tax deferments and matching funds.
Seth Klarman, the founder of the Baupost Group private hedgefund, and author of Margin of Safety (A great book) has been making on average 20% per year since 1982. I'm not saying I can do that, but if you took your 67 and invested it with Klarman, who is NO fluke, you would have how much?
*Back after doing the math*
In 10 years you would have had 342 thousand dollars. I'm not saying that you should call Klarman, or that you should do this or that, or anything. All I'm asking is for you to consider the very real possibilities of much greater than 401k returns in a low risk investment pool. This is basically the purpose of hedgefunds and PE groups.
You'd be 42-43 with 342 thousand dollars in the bank theoretically, I highly doubt you're going back to work
NZA
LOL
i was freelance for a long ass time, only started a 401k last year
88m3
Fast Money & Foreign Objects
*Steers good thread back to subject*
I don't think I would ever keep a substantial amount of money in a IRA or 401k... The only thing that appeals to me is the employer matching some of your contributions, but outside of that I don't think having so many static funds is going to lead to my long term success. There are so many great investment opportunites out there that take a lot of patience, time and risk tolerence which can basically send you to an early retirement.
Then again I'm 21
That's why I had a roth401k, but the yearly contribution is limited to 5k.
If you have plenty of liquid cash coming in every year there is no reason not to. I just look at it as savings account with risk.
There are a lot of other good investment opportunities but unless you have tens of thousands coming in every year to just play with... what are you really going to be able to do?