Stock market addiction

I tend not to look at mine just not to get excited/ annoyed about all that money I can't use right now. Did look at my work pension and was surprised at how much I had already before I was officially vested in it

This was end of last year's growth. I made a huge boost switching to domestic stocks and cutting out my foreign investments. Europe just wasn't doing so hot, ya knows!

I will say, by what I've read, most posting on here are day traders with the exception of Rei, who appears to practice a modified version of a 401k type system. Diversifying their shares between different companies and keeping money in reliable stocks, such as oil or energy. Things most countries need to function and therefore won't go out of business anytime soon. As for myself, I use stocks as a means of retirement or in otherwords, a savings account I can't access until I really need it. I'll say I know some like to make it seem as if 401 is a waste of time, but even earning a measly 8% is not terrible. Because my work matches 4% I at least pay in 4% to get the full benefit. Currently I have it set to 10%. Again, my success has been keeping it mostly local. Trading overseas is pretty choppy by the booklets Fidelity provides me. I say for first timers, see what your work offers and take any matches they provide. I don't recommend letting them pre-select as they tend to dump money in bonds which have a less than 1% growth. They say 90% stocks 10% bonds, but a wise man said, if you aren't 59, put it all in stocks 100%. You have 0 to lose until that money is in your hands.

What a wise weabuu. Lil emotional butt nugget got his emotions in check. Just riding the markets bb On a serious note. There have multiple economic studies on day traders. Statistically most day traders don't outperform the market. Warren Buffett made most of his money through passive dividend paying stocks. But many people don't like the virgin passive funds. They want their money now! You can make money off day trading. It is just riskier. High risk, high reward.

The virgin day trader https://i.pinimg.com/736x/b5/db/42/b5db422bb4d91eb1b1f10f50fa7a204f.jpg The chad passive holder https://melmagazine.com/wp-content/uploads/2021/01/66f-1.jpg

For those curious, a Roth 401k is a type of account that allows you to pay taxes up front before investment. A standard 401k is not taxed until money is withdrawn. Why the difference? Well, the tax rate is subject to change. So if today's tax rate is 5% and 10 years later it jumps to 10% then the person with a Roth account saved a bunch of money by paying the government when taxes were lower. The inverse can be true if the tax rate drops from 10 to 5 in the favor of the standard investor. One can alternate between accounts as needed, but for younger investors it is more beneficial to hold off on opening a Roth account until you are able to withdraw funds without penalty. A standard 401k plan works great because you invest money before taxes which lowers the tax bracket on your yearly income. The tax bracket is what the IRS uses to guage a person's wealth and ability to pay into the government's needs. If you go and invest that money in advance before that assessment then in a way you can trick the government into thinking you are poorer than in reality. However the government is banking on the hopes they will double the tax rate by the time you retire and get that money back with interest. So it is a game of cat and mouse with your local senator how much money you'll get to keep at the end. Roth and Pre-tax 401k are simply tools to manage this tax rate game.

For my IRA account i have both traditional and Roth IRA. I have already sat down with a financial advisor and she told me to pour all my money into a Roth. But i actually allocated a small percentage to the traditional just incase. As far how that money gets distributed toward investments i have a small portion invested in government, some for international stocks, the rest i cant think of off the top of my head but i went mostly for relatively safe stocks that fluctuate with the inflation. I invested in crypto incase people hop on that bandwagon and shoot the prices up. I have a savings account but the interest rate is so low im basically fucked over by inflation anyway so im just using that as on the go spending money.

roth vs standard 401k/IRA has been debated since inception as to which is better.. I just went roth 401k and i have my seperate thing for stocks which is mostly tech / high PE stocks lol.

The benefit of going with a Roth investment is that you do not have to pay taxes upon withdrawal. There are less penalties for choosing to invest in this manner. That said you don't get to deduct it from your yearly income like with a standard 401.

Well, I decided to take a gamble on my 401 mix. I had around 12k tied up in shares that earned me less than 3%. On the other hand I had another 20k growing around 15-20%. So I thought about it after a few hours and said I might as well go all in on the 15% shares and dump the crappy three percenters. It should be said that it is wiser to keep money invested in slower moving companies if only to get more security that my money won't disappear overnight. However, being a 401, it shouldn't be that risky. Even if now almost all money I put in is dedicated to only a handful of companies. Oh! One more thing. I doubled my weekly contribution like a true psychopath! Forget only contributing 15%. If I'ma go broke, I wanna feel them twist the knife at over 20%! Muhahaha!