The Rokslide Stock Traders Thread

UpNorth89

Lil-Rokslider
Joined
Jan 12, 2019
Messages
185
So many older guys at work complain about working too much overtime as it all goes to taxes. I try and explain taxes to them every time, but it's like talking to someone that is unwilling to comprehend anything other than what they "know."
I hear this all the time from those who dislike overtime. Every job I've had I've worked overtime with paychecks substantially larger because of jt.
 
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CorbLand

WKR
Joined
Mar 16, 2016
Messages
8,287
So many older guys at work complain about working too much overtime as it all goes to taxes. I try and explain taxes to them every time, but it's like talking to someone that is unwilling to comprehend anything other than what they "know."
Back when I was hourly and could get overtime, the goal was overtime by Thursday morning because thats when I got paid what I was really worth.
 

signing off

Lil-Rokslider
Joined
Mar 3, 2023
Messages
129
I'm a different breed than the general population. The group here will relate.
As the annual company bonus was coming due, I maxed my 401k while others were turning theirs off. And adjusting tax withholding to zero also!!!
Broke azz people just HAD to have it in their pocket.
 
Joined
Feb 2, 2020
Messages
340
So many older guys at work complain about working too much overtime as it all goes to taxes. I try and explain taxes to them every time, but it's like talking to someone that is unwilling to comprehend anything other than what they "know."

A friend of mine turned down a small raise “because I didn’t want to jump into a higher tax bracket”. I just shook my head


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fmyth

WKR
Joined
Mar 14, 2019
Messages
1,787
Location
Arizona
What’s the plan for those of you guys holding MSTY? I recently opened an individual fidelity account and put some money into a couple stocks mentioned here and just curious the plan of those with MSTY.
I am effectively retired with no pension, too young for SS and can't access my IRA for 2 1/2 years. I had enough cash set aside to make it. I decided to invest 1/3 of that cash in MSTY. The projected dividend that is paid out 13 times a year will cover my monthly living expenses.
 

stevewes2004

Lil-Rokslider
Joined
Jan 1, 2020
Messages
285
Location
Central NC
I am effectively retired with no pension, too young for SS and can't access my IRA for 2 1/2 years. I had enough cash set aside to make it. I decided to invest 1/3 of that cash in MSTY. The projected dividend that is paid out 13 times a year will cover my monthly living expenses.

Way to go


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Baddog

WKR
Joined
Feb 26, 2020
Messages
418
When I look at stuff like msty I don’t understand how to read what the projected dividend is. Can someone explain this part to me?
 
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