The Rokslide Stock Traders Thread

[Johnboy]

Aside from stock trading, are you chaps still contributing to 401K or other similar retirement funds right now? I'm still putting into 401k (target fund) at IRS max pace. Just wondering if there's smarter/alternate strategy I should consider under the current circumstances.

 

[5MilesBack]

I bought some more JPM today, and I'll keep adding to it if they drop on earnings tomorrow.

 

[Trial153]

Aside from stock trading, are you chaps still contributing to 401K or other similar retirement funds right now? I'm still putting into 401k (target fund) at IRS max pace. Just wondering if there's smarter/alternate strategy I should consider under the current circumstances.

From a retirement standpoint, tax deferred options should take priority.

 

[EastMT]

Aside from stock trading, are you chaps still contributing to 401K or other similar retirement funds right now? I'm still putting into 401k (target fund) at IRS max pace. Just wondering if there's smarter/alternate strategy I should consider under the current circumstances.

Yes if you are employed, and no chance of a lay-off I’d keep pumping as much as you can.

If there’s any chance you could have job problems or rumors of job problems, stack up cash and pause all investing.

 

[jfs82]

Aside from stock trading, are you chaps still contributing to 401K or other similar retirement funds right now? I'm still putting into 401k (target fund) at IRS max pace. Just wondering if there's smarter/alternate strategy I should consider under the current circumstances.

I contribute to a Roth IRA and each year of work adds to my PERS

 

[Brozonelayer]

Aside from stock trading, are you chaps still contributing to 401K or other similar retirement funds right now? I'm still putting into 401k (target fund) at IRS max pace. Just wondering if there's smarter/alternate strategy I should consider under the current circumstances.

I have 401k automatically taken out of my paycheck. The 401k auto-purchases the funds I have chosen.

Recently I added cash to my 2019 Roth IRA. With that I bought funds and individual stocks in mid March. Now I’m adding cash to my 2020 Roth IRA to buy more over the next week or month or year. I wanted the cash in there so I can move quickly when ready.


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[HuntHarder]

I am still contributing the same to my Roth 401k and traditional. I max them out every year and will continue to do the same. MRO made me a little today and I sold some but kept 1500 shares. I also picked up some UAL this am and made a decent chunk on that. Tomorrow will be interesting. I am hoping for a flat market or slightly up.

 

[OXN939]

What are everyone's favorite alternative energy stocks right now? NEE and ENPH are two I've picked up recently, but looking to diversify if we see another dip here in the next few weeks.

 

[DenverCountryBoy]

Bank earnings start tomorrow morning! Is the bad news baked in? Or are they going to launch us to new lows?

I thought this article was a good explanation.

The force thats propelled the stock market rally will exhaust itself this week - MarketWatch

As of last week, the S&P 500 had risen over 20% from its mid-March low. That explosive rally will soon be over, argues Nigam Arora.

www.marketwatch.com

TL;DR
Shorts covered, triggered technical buyers, upswing attracts FOMO buyers. Everything is still a dumpster fire.

 

[EastMT]

What are everyone's favorite alternative energy stocks right now? NEE and ENPH are two I've picked up recently, but looking to diversify if we see another dip here in the next few weeks.

Right now YLCO is on my radar. Not sure I’m going to buy but reading up a bit. I’ve not looked at Alt energy much before, so this ETF looks like a good toe dipper for me if the price is right

 

[HuntHarder]

From a retirement standpoint, tax deferred options should take priority.

I am more of the mindset of Roth for retirement. I can not imagine, at the rate we are going, taxes being any less expensive when I retire. I also really enjoy my earnings growing tax free. If you diversify your retirement accounts and have a good amount in Roth and some in traditional, you can pay little tax (at todays rate) on your traditional withdraws as well.

 

[Trial153]

I am more of the mindset of Roth for retirement. I can not imagine, at the rate we are going, taxes being any less expensive when I retire. I also really enjoy my earnings growing tax free. If you diversify your retirement accounts and have a good amount in Roth and some in traditional, you can pay little tax (at todays rate) on your traditional withdraws as well.

We arent eligible for a Roth unless I backdoor it. Everyones situation is different.

 

[HuntHarder]

You can not do a roth 401k? shame on your employer. Most employers offer those now

 

[Trial153]

You can not do a roth 401k? shame on your employer. Most employers offer those now

We are over the limit.

 

[HuntHarder]

There are no income limits for Roth 401k only Roth IRA

 

[Trial153]

There are no income limits for Roth 401k only Roth IRA

Your correct, I miss spoke. I was thinking of our IRAs. And the recent changes i made when we lost our salt deduction . Our state deferred comp gets maxed out, the almost 40k is much needed deduction from our taxable income.

 

[jfs82]

What are everyone's favorite alternative energy stocks right now? NEE and ENPH are two I've picked up recently, but looking to diversify if we see another dip here in the next few weeks.

Enphase and Brookfield Renewable for me

 

[Okhotnik]

I thought this article was a good explanation.

The force thats propelled the stock market rally will exhaust itself this week - MarketWatch

As of last week, the S&P 500 had risen over 20% from its mid-March low. That explosive rally will soon be over, argues Nigam Arora.

www.marketwatch.com

TL;DR
Shorts covered, triggered technical buyers, upswing attracts FOMO buyers. Everything is still a dumpster fire.

It is and as long as you understand this there is money to be made

People around the world are sitting on billions of cash reserves, Where are they going to invest their money? Europe? China? Or the US?

 

[OXN939]

Right now YLCO is on my radar. Not sure I’m going to buy but reading up a bit. I’ve not looked at Alt energy much before, so this ETF looks like a good toe dipper for me if the price is right

I don't claim to be the wolf of Wall street or anything, but with the oil market as volatile as it is right now and the emphasis shifting increasingly from fossil fuels to renewables, I can't see alternative energy being anything other than way more sage a long term play than all the oil stocks we've been talking about.

 

[jfs82]

It is and as long as you understand this there is money to be made

Right, IF, you believe that the market gets back to where it was then you could buy now, have it still go down more and still be getting a great discount when it rises back to previous levels.