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  • #31




    Not even close.

    Investing is low cost well diversified reasonably tax efficient with a great long term record. Fortunately that’s easy to do.

    Gambling is thinking you can market time, pick winning horses at the track or play the lotto. It’s very high risk. Sure if you win the pick 6 you win lots of money but I wouldn’t bet my future on it. Thinking you know when and how BREXIT will play out is gambling.
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    This. Yes.

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    • #32


      Quote
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      What? We've already seen whats happened thus far, stocks are 3-4% cheaper than yesterday, I'll take it. If they continue to go down I'll take that too, its hardly gambling.

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      • #33
        Johanna-- what's the benefit of moving money from IRA to Roth? what's the difference between this move and the roth conversion people do, at the end of the year? Thanks

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        • #34




          Johanna– what’s the benefit of moving money from IRA to Roth? what’s the difference between this move and the roth conversion people do, at the end of the year? Thanks
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          @chrisg202 -

          1. The benefit of moving $ from a TIRA to a Roth is that all growth in the TIRA is taxed upon distribution. All growth in a Roth is tax-free. In addition, you have to begin emptying a TIRA beginning April 1 of the year following the year you turn 70-1/2. You can leave a Roth untouched throughout your life and your heirs can inherit it, tax-free.

          2. They are the same. Moving funds from a TIRA is a Roth conversion, no matter when it is done. It can be done at any time during the year and is reported on your tax return based upon the calendar year when you convert. In contrast, contributing to a TIRA or Roth IRA can be done up until the initial due date of your income tax return and counted for the prior year.

          Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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          • #35
            Do you recommend opening and start investing into IRA ROTH soon after the Brexit incident? I will be just doing the target retirement for Vanguard and they require $1k to open it. Any thoughts?

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            • #36
              I'm balancing via new money in my "Gone Fishin' Portfolio" which is what I use for my taxable investments.  So I'm technically investing in Europe with Brexit.

              Oh, I also ordered a bunch of Scotch from a dealer in England, locking in about 12% off compared to a week ago.

              Johanna, forget "Roth conversion," my two words: Scotch Whisky.  Or perhaps, Scotch Sale!

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              • #37




                Zaphod you are contradicting yourself.

                To begin with we don’t know what will happen. Market I believe went down even further son 4% wasn’t all of it. I actually don’t check. But even if we did know i.e. we are making a decision post BREXIT then by definition then it won’t change things forward and the question would now be is now a better time to invest. Nobody knows that.

                2nd you are now talking about more money going towards this bet if market goes down. That isn’t an option for most and gives the false impression that one can predict the bottom. If today had bounced back would it now not be good to invest?

                3rd you are talking about money that YOU wouldn’t take out for decades. That isn’t betting on BREXIT since I’d hope that would be over by then.

                You actually by what you wrote are in essence saying you don’t care what direction the market goes today or tomorrow. You are okay with it going bad after your buy. That actually is investing.
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                Yes of course. Its not a bet, just a discount from very recent higher prices and still above those of February. So in all will be noise, but nothing wrong with a slight discount.

                The time to bet was Thursday, remain was fully priced in during the close, almost no downside to an actual bet there. The market was just way way wrong on that one. If you were a betting person that was the day.

                No one knows what will really happen, this could be a painful stretch for things and if a UK recession happens (which many believe, but they did so of bremain too) and if the EU even catches a whiff of it its more global pain. Interesting times just when the US seemed to be getting out of the funk the world wants us back in it.

                I know it sucks to watch your accounts basically go nowhere for 2 years, but if you're younger you pretty much couldnt ask for anything better. You've been able to buy at the same price for years now, which one day long into the future will be pretty awesome.

                I did rebalance one of my better performers this year that is still holding strong into some that were being crushed.

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                • #38




                  Do you recommend opening and start investing into IRA ROTH soon after the Brexit incident? I will be just doing the target retirement for Vanguard and they require $1k to open it. Any thoughts?
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                  I recommend contributing to a Roth at any time you can afford to do so. The Brexit kerfuffle is simply an opportunity to get into a Roth (or convert, in my case) at a temporary dip. If I hadn't been on break today, I would have converted more, but when I'm with the grandkids I prefer to focus on them. The point is not timing but taking advantage of a known opportunity.
                  Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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                  • #39
                    Duplicate post deleted

                    Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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                    • #40
                      Duplicate post deleted.
                      Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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                      • #41
                        I have a simple 3 fund portfolio in my taxable with my age in bonds. I want to put some more money in this week. What would you recommend topping off: VTIAX or split evenly? Thanks!

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                        • #42
                          Took this as an opportunity to TLH

                          Got out of my position in VFWIX and back into VGTSX

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                          • #43




                            I have a simple 3 fund portfolio in my taxable with my age in bonds. I want to put some more money in this week. What would you recommend topping off: VTIAX or split evenly? Thanks!
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                            I hope this is not a question for me. @Zaphod?
                            Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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                            • #44


                              Johanna, forget “Roth conversion,” my two words: Scotch Whisky.  Or perhaps, Scotch Sale!
                              Click to expand...


                              I don't invest in anything that passes through my digestive system.  8-)
                              Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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