Comments

You must log in or register to comment.

[deleted] t1_j23bjke wrote

Never gamble on a Roth IRA account: buy VOO consistently and forget about it

63

brawnkoh t1_j254yeh wrote

In all fairness, You can gamble in an IRA. You just have to make sure you have a Roth 401k, and a Roth IRA (don't gamble in both). lol

8

conviper30 t1_j259ump wrote

Curious, why VOO? Looking at setting and forgetting strategy next year..

2

PricklyyDick t1_j25h74b wrote

Slightly lower operating expenses than SPY by like .01 or something like that

3

brucekeller t1_j25b0ay wrote

Buffett didn't get rich by buying VOO. But it probably would help to get companies that have earnings and are undervalued. OP likely had their Roth in straight up memestocks bought at the top. At least they did it while the Roth was so small instead of blowing a few hundred thousand or something.

−1

[deleted] t1_j25c4um wrote

If you think 99.99% of us can invest like Buffett, then you’re probably wrong

11

DvisionX t1_j2617an wrote

I have two investment accounts: 401k for retirement that I don't touch and a personal account for pretending I'm Warren buffet.

2

blaked_baller t1_j26hrvb wrote

Im rlly regarded so I have a 401k, roth, and an individual account where I buy n forget.

But I go crazy dumb stupid in another individual account. I have to keep this 3:1 ratio or I'd be on the streets with how my option plays have been going

2

cl0wn_w0rld t1_j2bcws8 wrote

i just watched the documentary on HBO about him and Ichann and I know for certain I am not as smart as either of them.

1

bagvwisthsjsjsjjs t1_j235nkq wrote

Jesus Christ dude. That’s supposed to last you until 65. You hardly lasted a year. Get your shit together and stop investing in high beta stocks.

43

baudinl t1_j25kniz wrote

OP is definitely a high beta tho

2

ryyanorainy t1_j23coya wrote

Fuck all the hate, you came this far put the rest into LUCID and Roblox or make it back with far out put options. You got nothing to lose at this point

16

Apha-apha t1_j23d483 wrote

Lucid for retirement? Ru sure?😂

3

ryyanorainy t1_j23d852 wrote

I mean down 63% he has to do fucking anything at this point 😂

2

Muggrohh t1_j23jiqc wrote

Warren Buffett quote

“It is true that a very important principle in investing is you don’t have to make it back the way you lost it... in fact, it’s usually a mistake to make, try and make it back the way that you lost it.”

A good principle to remember

3

brawnkoh t1_j2556zk wrote

OPs better off buying Robux for fiat and hoping the value of Robux goes up.

2

WhiskyPapa911 t1_j23zjd1 wrote

Bro, your roth ira suppose to be your safety net. Why are you gambling with your retirement found? Stick with index funds and nothing else.

6

spagetzzi t1_j240x25 wrote

Lol -63% in a Roth

6

Kypeeeee t1_j23qggy wrote

Looks like you still have room to lose, keep going till you hit 0, I believe in you!

4

IVCrushingUrTendies t1_j24cc4m wrote

Idk why ppl are freaking out. 401k is don’t touch. Roth is a good way to gamble tax free. Just switch to trading SPXL SPXS, 3x bull bear ETFs. When you feel confident but a single SPY call or put like 1 week out for a couple hundred bucks and sell after a day. You’ll get it back np

4

[deleted] t1_j24nid1 wrote

[deleted]

1

Explosive-Space-Mod t1_j250evz wrote

> ceteris paribus

Isn't this the reason for the ROTH in the first place? Hedge against raising taxes on large amounts of money so you pay in a bunch while you're in the lower tax brackets so when you retire you don't get Uncle Sam giving you a proctology exam with his hands on your shoulders.

2

[deleted] t1_j251wul wrote

[deleted]

2

Explosive-Space-Mod t1_j2528do wrote

I'm with you on the not gambling part. It's the "All things considered the same" bit which is hardly the case when talking retirement plans.

My retirement plan is in an index fund with deposits each paycheck and if I feel like gambling I just go mess with crypto for a little bit and lose it there instead of with stocks.

1

ChuckyMed t1_j24q422 wrote

Literally just put everything on VOO and live your life. You will outpace all the glue eaters here

3

Explosive-Space-Mod t1_j250m4r wrote

Some glue eaters here will have more maximum income but also, like most lottery winners, will spend or lose it all extremely quickly.

2

Dothemath2 t1_j23eyiy wrote

I would wheel INTC. Collect dividend and cc premium tax free. Safe investment for years. Low PE, big expansion coming, already severely beaten down.

2

[deleted] t1_j23rl2b wrote

Close the account and save the money in home.

2

hosea_they_heysus t1_j26rne9 wrote

Depending on how old you are, buy stocks that are riskier/safer. If you're in your 20s or early 30s a loss like that is no big deal. You've got years to make it back. Pick stocks that are a wee riskier and have potential to give higher returns. As you pass your 30s tho, you want to go more towards the safer slow movers like VOO or SPY etc. Etfs with lower risk so you don't have to worry about your retirement as much and you can switch the riskier gainers into safer slow movers

2

VisualMod t1_j235421 wrote

User Report
Total Submissions 0 First Seen In WSB 9 hours ago
Total Comments 0 Previous Best DD
Account Age 10 hours [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)

^^Discord ^^BanBets ^^VoteBot ^^FAQ ^^Leaderboard ^^- ^^Keep_VM_Alive

1

Kirilav t1_j24wp11 wrote

Since I’m a degenerate at heart I do 70% VTI & 30% AVUV to satisfy my gambling needs.

1

yao97ming t1_j2511rl wrote

Uninstall the app

1

ZenStocks t1_j251xmn wrote

How the hell did you do that? 😂 You must be young so it probably doesn't matter. My advice: don't repeat what you were doing 💀

1