The Investment Thread (help with savings, stocks, retirement funds, etc.)

[Benny003]

Originally Posted by Timebomb07

Class actions aside, CCXI has done quite well since early June. Up around 25-35% with a steady rise. Will play this the opposite of SCYX if given the opportunity and dump most of my shares before their expected FDA decision date of July 7th.

Yeah, I don't have any ORPH stock, but their FDA ruling is expected today. I'll be curious if that actually rises with approval or falls. Seems like "buy on the rumor, sell on the news" really is a common trend. If that happens with ORPH, then I would imagine CCXI does something similar.

That ORPH stock just doesn't make any sense to me. Their product under FDA review right now only treats literally 1800 Americans that have a really rare disease. So if they get approval, then their market size in the US is 1800 people currently. That stock does 60+ million in volume a day with a market cap of over half a billion. SCYX has an FDA-approved product that literally half of the world's population can potentially use (of course not nearly that many actually would need it) and it does less than 1 million in volume a day with a market cap 1/5 the size of ORPH. I'm obviously missing something, but I don't know what.

[snake911]

Originally Posted by BTBaboon

What, you don’t automatically buy the long winded conspiracy of “memebetch6969” just because of a username!?

. Strange but true. And they may be 100% right, but when thats the moniker you self apply... I pretty much have to dismiss you.

[Benny003]

ORPH's FDA application was basically rejected last night, so expect that to crater today.

[Tiduwho]

Originally Posted by ricky towel

ORPH is up like 70 something percent today.

Originally Posted by ricky towel

I’ll probably sell it all tomorrow.

You sold it all yesterday, correct?

[ricky towel]

Originally Posted by Tiduwho

You sold it all yesterday, correct?

Certainly did. 9:50 am. At $16.73.

[Benny003]

Originally Posted by ricky towel

Certainly did. 9:50 am. At $16.73.

Very smart. I can't believe that stock hasn't dropped more today even though it's down 42% right now.

[Tiduwho]

Originally Posted by ricky towel

Certainly did. 9:50 am. At $16.73.

Wow, great job. Buy the rumor, sell (before) the news.

[ricky towel]

Yeah I’m glad I didn’t wait.

[smokew11]

everythings down for me today

[Ascf33]

YEAH. I'm down 3% on the day and nearly 10% on the week. Roblox mostly.

[smokew11]

roblox for me, but carnival has taken a shit this week

[Noles20]

Anyone here have any experience or knowledge about financial aid? As a teacher, I have a steady income. Are there certain types of debt that will help or hurt when applying for financial aid for college? My house is paid off so I have been considering getting a loan for a desperately needed kitchen renovation. Does that help or hurt? How about car loans? How do they affect aid?

[smokew11]

do you mean how much aid your kid will be eligible for?

None of that stuff really matters as far as I know, it's really all about how much $$ you make. They calculate your "expected contribution" to your kid's education, which is bullshit because it doesn't mean you can or will pay that much toward it

[Benny003]

I'll say this, investing in individual stocks has taught me lessons that I need to learn patience and discipline. Just trying to look on the bright side. I'm going to try just sitting back and waiting for what I have to do what it's going to do rather than trying to read into every little movement on a daily basis.

[kydmb99]

Originally Posted by Benny003

I'll say this, investing in individual stocks has taught me lessons that I need to learn patience and discipline. Just trying to look on the bright side. I'm going to try just sitting back and waiting for what I have to do what it's going to do rather than trying to read into every little movement on a daily basis.

Yep. Learning that as well. Got to play the long game.

[Tiduwho]

Ok, crypto is down 60-70% from highs a couple months ago, so I'm going to take a look and buy. I've setup a Coinbase account.

What are some Coins to look at here during this firesale? I bought some ALGO, XLM, ADA, MATIC so far.

[kydmb99]

I guess it’s considered to be the “degen” platform but after messing with various platforms I think I like RobinHood the best so far

[Tiduwho]

Robinhood used to be considered the "degen" platform; now any true degenerate has long jumped ship. Robinhood, while pretty, is now just considered the "Shitadel Shill" platform.

[kydmb99]

I guess but so far I do prefer the way it’s laid out compared to both Fidelity and TD Ameritrade. May change in time but it suits my eye better so far.

[neumdogg]

50 more shares of AMC. Wondering when to dump them.

[Tiduwho]

I threw a few bucks into the top 10 most highly held coins on Coinbase. I'm sure there's a reason most are top 10, and that they should rebound in time. Will probably set and forget now. *shrug*

[Benny003]

I wish someone would have told me that SCYX would be worth less after FDA approval than what I originally bought in at 1.5 months before FDA approval. I would have just waited until now to buy all my shares.

[Timebomb07]

I forgot a had a buy set for $7.00

Whoops!

[TheLastStop123]

someone help me make sure I am understanding something regarding my fiancee's 401k plan at work - she's an associate dentist and the owner of the practice is starting a new 401k structure that includes profit sharing contributions for employees - the owner told my fiancee that she can hold back a percentage/dollar amount of her existing salary to go into the profit sharing portion of the 401k.

my immediate thought is that's not really a "net" or "new" benefit to my fiancee because she's not getting any sort of pay bump. shouldn't the owner be offering this contribution amount on top of her existing salary? it's my understanding that employer profit sharing contributions come from the EMPLOYER and the company profits, not her salary.

Certainly I understand that employers will choose to offer a certain amount of overall salary as profit match, but she's dressing it up as if it's some sort of new benefit.

am I thinking about this correctly?

[kydmb99]

MRNA going to the moon. Want to add some more but may wait to see if it dips. They have some pretty promising long term upside I think.

[Tiduwho]

Originally Posted by TheLastStop123

someone help me make sure I am understanding something regarding my fiancee's 401k plan at work - she's an associate dentist and the owner of the practice is starting a new 401k structure that includes profit sharing contributions for employees - the owner told my fiancee that she can hold back a percentage/dollar amount of her existing salary to go into the profit sharing portion of the 401k.

my immediate thought is that's not really a "net" or "new" benefit to my fiancee because she's not getting any sort of pay bump. shouldn't the owner be offering this contribution amount on top of her existing salary? it's my understanding that employer profit sharing contributions come from the EMPLOYER and the company profits, not her salary.

Certainly I understand that employers will choose to offer a certain amount of overall salary as profit match, but she's dressing it up as if it's some sort of new benefit.

am I thinking about this correctly?

A little confusing. To clarify:

1. What is the current 401k situation? Is she able to contribute just herself? Is there an employer match?

2. Is the question about how much she is contributing really a parameter test? As in, just like a match, if she is not contributing X% to the plan, she will not be eligible for the profit sharing program?


My understanding:

The choice of how much is contributed is on the employer, so to compare apples to apples, we would only be talking about the "match" portion of a 401k.

Instead of a match where an employer is required to match up to 6% or whatever, the employer is the one in charge of how much they dole out. They can decide to pay more or less during the year based on profitability overall, or in offering different % amounts to different employee groups. The upper limit is MUCH higher though, so they can really put in a lot of money if needed to be competitive for employees.

[TheLastStop123]

Originally Posted by Tiduwho

A little confusing. To clarify:

1. What is the current 401k situation? Is she able to contribute just herself? Is there an employer match?

2. Is the question about how much she is contributing really a parameter test? As in, just like a match, if she is not contributing X% to the plan, she will not be eligible for the profit sharing program?


My understanding:

The choice of how much is contributed is on the employer, so to compare apples to apples, we would only be talking about the "match" portion of a 401k.

Instead of a match where an employer is required to match up to 6% or whatever, the employer is the one in charge of how much they dole out. They can decide to pay more or less during the year based on profitability overall, or in offering different % amounts to different employee groups.

1. sort of complicated answer. my fiancee just became eligible for 401k contributions because the employer requires you to be working for 1 year at the practice. but she has not contributed anything to the 401k plan yet, and now the structure is changing to include profit-sharing contributions, which there weren't before. there was also no employer match with the previous structure, or with the new structure.

2. this I am unclear on. I assume she'll be able to contribute however much she wants up to $19,500 a year as an employee. then I would assume she should also be able to contribute an X% or X dollar amount for profit sharing contributions, but I feel like the profit sharing contribution should come directly from her employer, and not her existing salary (or if it comes from her existing salary, she should get a pay bump in the amount the employer decides to be able to contribute to profit sharing)

[Tiduwho]

Originally Posted by TheLastStop123

1. sort of complicated answer. my fiancee just became eligible for 401k contributions because the employer requires you to be working for 1 year at the practice. but she has not contributed anything to the 401k plan yet, and now the structure is changing to include profit-sharing contributions, which there weren't before. there was also no employer match with the previous structure, or with the new structure.

2. this I am unclear on. I assume she'll be able to contribute however much she wants up to $19,500 a year as an employee. then I would assume she should also be able to contribute an X% or X dollar amount for profit sharing contributions, but I feel like the profit sharing contribution should come directly from her employer, and not her existing salary (or if it comes from her existing salary, she should get a pay bump in the amount the employer decides to be able to contribute to profit sharing)

This is the part that seems backwards. She isn't the one that decides X% or X dollar amount, the employer is the one that decides...the concept of choosing your amount of salary to be included towards an employer reward is the concept of a Match program, not profit sharing.

In profit sharing, the employer may have a tough year and decide "sorry guys, 1% of your salary is our total contribution to your profit sharing this year", when if there was a Match program instead, anyone that met the parameters for 6% match, the employer has to pay out 6%. So using the profit sharing model allows them big time savings if they have a tough year.

Or the employer could say "What a blowout year! Anyone that has been here a minimum of 5 years is eligible for up to $56,000 through our profit sharing program, because we want to reward YOU!"

etc etc.

The employee portion should be that they have to meet XYZ parameters to be eligible, and then the rest is on the employer for how they outline and choose to run their profit sharing program. But perhaps someone is better versed....sorry I can't be more help.

[Route_2]

Yeah, that sounds like a match masquerading as profit sharing. My company does profit sharing contributions that are just a percent of salary, no extra dollars in on my part required.

[TheLastStop123]

Originally Posted by Tiduwho

This is the part that seems backwards. She isn't the one that decides X% or X dollar amount, the employer is the one that decides...

So the employer may have a tough year and decide "sorry guys, 1% of your salary is our total contribution to your profit sharing this year".

Or the employer could say "What a blowout year! Anyone that has been here a minimum of 5 years is eligible for up to $58,000 through our profit sharing program, because we want to reward YOU!"

etc etc.

The employee portion should be that they have to meet XYZ parameters to be eligible. But perhaps someone is better versed....sorry I can't be more help.

got it, yes, that all makes sense.

I also just learned apparently it's strictly a profit-sharing plan, which means she can't make her own contributions to this plan (I just assumed a profit-sharing plan was in addition to your regular employee contributions - it's what I can do with my Solo 401k - make both employer and employee contributions.)

I guess I incorrectly assumed she could defer salary as an employee into the 401k and also get a % of profit sharing from the owner.