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Registered on:3/3/2009
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re: Individual retirement accounts

Posted by slackster on 2/8/25 at 1:11 pm
quote:

Or can you only contribute to Individual 401K plans as a 1099 employee?


You can contribute to a solo 401k if you have earnings from self employment. I assume you will not have that anymore, and assuming it happened prior to 1/1/25, you cannot contribute 2025 contributions to your s
quote:

What is the argument for Witten not to be first ballot?


I can’t recall how many are allowed in at a time but that would be the only reason IMO. Guys like Fitz and Brees are obviously higher priorities if there is a limit of some kind.
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Well he’s going to be in sooo


And it’s pathetic.
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Happy for him. Not the award we wanted this year but the dude deserves his acccolades


Still insane that the MVP got only 1 vote for offensive POY and wasn’t first team All NFL.
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He’s in the top five of some categories for QBs already in the hall of fame. This isn’t much of a debate.


Never being a top QB for a long time does not make you a HOFer.

re: Is Palantir a house of cards?

Posted by slackster on 2/6/25 at 6:01 pm
quote:

So boomers jumped on NVDA early? I don’t think so.


You’re missing the point - you’re arguing that if only boomers could wrap their head around this “paradigm shift” they’d have made incredible profits in PLTR without acknowledging that an actual paradigm shift like NVDA trades at a
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yes, but the monthly dividend provides a cushion.


Sure, and I see the value in these strategies, especially if you’re not super bullish.
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JEPQ one year return over 24% S&P one year @ 22.63% Will have to see how each handles next downturn


That’s apples to oranges, but the point still stands for 2024 I suppose.

JEPQ should be compared to Nasdaq 100 if you’re going to benchmark it to an all equity index - something

re: PLTR closed at 102+ today

Posted by slackster on 2/5/25 at 6:16 pm
quote:

The RMD is being calculated on a 9 year old. We get a stretch because he died in 2019.


Gotcha, still wouldn’t have been a bad thing to consider though. Income tax for a 9 year old is peanuts and the 12x growth would have been capital gains tax treatment, which is a lot better than
quote:

I did this today becuase the downside should be minimal.


Define limited - JEPQ has only been around for 2.5 years, but from inception to mid October 2022 it was down 13.6% while the QQQ was down 15.1%.

It stands to reason if the Nasdaq fell 30%, JEPQ would be better, but not so

re: Treasury yields and tariff talk

Posted by slackster on 2/5/25 at 5:07 pm
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I have a bunch of 3.75% munis that I’m looking to unload in search of a better return. But I can’t sell them until the value of them goes back up/10 year treasury falls. Looking like I’ll have to hold them for another year. Thanks again!


Get a quote on those munis and you’ll se

re: Is Palantir a house of cards?

Posted by slackster on 2/5/25 at 6:52 am
You’re paying 172x forward earnings, 90x trailing revenue, for a company growing at 30% revenue YoY.

NVDA is 31x forward earnings, 25x trailing revenue, and growing at 96% YoY.

Don’t act like there is some paradigm shift that boomers can’t see :lol:

re: PLTR closed at 102+ today

Posted by slackster on 2/4/25 at 8:52 pm
quote:

Bought 1,000 at 27 a few years ago in my kids’ inherited Ira. Almost raged sold it many times. Happy I kept it.


Could have distributed it at $8 and the gains now would be capital gains instead of ordinary income for them. Obviously hindsight is great but food for thought when you h

re: Treasury yields and tariff talk

Posted by slackster on 2/4/25 at 8:49 pm
quote:

Your dipshit routine is cute. It is just a routine… …isn’t it?


SDV in a tailspin as mortgages have skyrocketed since the Fed started cutting. His understanding of long term yields is questionable at best.

re: Health savings account question

Posted by slackster on 2/4/25 at 8:47 pm
I didn’t red all of the replies (8 of them so I’m lazy), but if at all possible you should avoid tapping HSA at all. Forgoing Roth or IRA contributions would be better than tapping HSA in most cases.

re: Is Palantir a house of cards?

Posted by slackster on 2/4/25 at 8:14 pm
quote:

was talking about this stock at the IPO and was told then it would never do anything. The boomer investment crowd cannot conceptualize paradigm shifts like Palantir. Never change MB!


Over 2 years from IPO PLTR fell 40%. Congrats?

ETA- Palantir has gotten meme/TSLA treatment, and
I own bitcoin but not selling bitcoin that we confiscate is a little different than actively buying it. Just worth pointing out.
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I actually love the idea. Putting an end to war that's lasted for 40yrs is a good thing. It would also be cheaper on us in the long run not having to spend so much money on Israel's defense.


There is zero evidence that this would be the case at all.
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think it’s a joke, but the real joke is that this bullshite USAID is so corrupt that people would believe that they really paid for LOTR woke nonsense.


LI
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The WH Press Secretary isn't a valid source?


Was that ever a valid independent source during a Dem presidency?