- Dec 31, 2008
- 11,990
What did you do?
stevezissou
OT Supporter
aloe
OT Supporter
buddy I know you're cultural and crypto and all those cool things....but I know who I am. US stocks only for me pls
MiseryIndex
open your eyes child, your sea is changing.
f yes, this is accidentallying into one of my biggest positions
stock could hit 60 on this, cost basis is around 18
Schlumberger beat earnings expectations, gave ‘very compelling’ outlook and raised dividend
stock could hit 60 on this, cost basis is around 18
Simple
Sexy Beatch
stevezissou
OT Supporter
Tower of Crypto keeps falling
www.cnbc.com
Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert’s DCG empire
- Genesis Trading filed for bankruptcy protection after suffering crippling losses from the collapses of FTX and hedge fund Three Arrows Capital.
- Genesis is a part of Barry Silbert’s Digital Currency Group, which has seen mounting problems in recent months.
- Some of Genesis’ largest clients include Circle, which operates stablecoin USD Coin, and Gemini, which is backed by the Winklevoss twins.
Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire
Genesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.
MiseryIndex
open your eyes child, your sea is changing.
Tower of Crypto keeps falling
Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert’s DCG empire
- Genesis Trading filed for bankruptcy protection after suffering crippling losses from the collapses of FTX and hedge fund Three Arrows Capital.
- Genesis is a part of Barry Silbert’s Digital Currency Group, which has seen mounting problems in recent months.
- Some of Genesis’ largest clients include Circle, which operates stablecoin USD Coin, and Gemini, which is backed by the Winklevoss twins.
Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire
Genesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.
people shouldn't have been using crypto lenders anyway. especially the people who did it just to buy more crypto against their existing crypto
stevezissou
OT Supporter
infinite crypto hack!!!people shouldn't have been using crypto lenders anyway. especially the people who did it just to buy more crypto against their existing crypto
MiseryIndex
open your eyes child, your sea is changing.
is there a mechanism i can't find to move a stock from a brokerage account into an IRA? i know i can just sell it and re-buy at the same price but i don't wanna pay taxes on that 
stevezissou
OT Supporter
nopeis there a mechanism i can't find to move a stock from a brokerage account into an IRA? i know i can just sell it and re-buy at the same price but i don't wanna pay taxes on that
The term is "in kind" transfers.
IRS doesn't want you transferring in stocks with "built in gains" and then avoiding tax big no no bro.
Only thing that MIGHT be allowed is an "in kind" transfer from one IRA to Another or 401K to IRA etc but not brokerage to IRA.
Can You Do an In-Kind Transfer Into an IRA? | The Motley Fool
The answer depends on where the investment asset is coming from.
www.fool.com
993kgt
building an airplane whee
993kgt
building an airplane whee
The blazing red of my BABA calls will finally fall off the screen
In my taxable account I have about $38k expiring worthless today, I feel you
I’ll offset it through the year with other gains though, it’s early
stevezissou
OT Supporter
993kgt
building an airplane whee
Lol, and if they lose that job they owe that $50k back within the transfer period or it becomes a withdrawal
And they have to liquidate in like kind the same amount of proceeds so they’re sitting the market out
And they pay loan origination fees
It’s fire, playing with fire
stevezissou
OT Supporter
Yep figured you would appreciate it.
These same guys were talking about "real estate in the metaverse" now aren't talking about it so much lol.
993kgt
building an airplane whee
immediately their audience is identified, it's people who are so fucking clueless they don't realize they have an idle 401k at an old employer
or people who don't understand why their money is in a 401k somewhere, or what they should do
They aren't after you or me with that video
I just started a new client/role and it's W2, and they automatically enrolled me in their 401k program, I got my first paycheck today, and they took 3% out pre-tax and I still do not have any access or information for the 401k provider or plans available, so I can see how a lot of sheep may end up having a ton somewhere they don't even understand or realize
I get to do some fun math to figure out my withholding percentage so I can maximize the match and contribution, but no more- since I have two 401k's now, both with matching, one vested 100%, this one vested 0%
And still have my SEP-IRA, and my Roth, and my HSA to fund this year too
stevezissou
OT Supporter
Just make sure you stay on top of you only have one annual limit of $22,500 deferrals on 401K contributions.
Cliffs = no matter how many jobs or how many 401K's you can only "Defer" $22,500 for 2023.
993kgt
building an airplane whee
Yeah, the problem is the first role, I'm W2 but I am hourly, so I don't have a set pay amount...it comes in waves based on project load or how much work I do for them, hard to pick a contribution % of an unsteady number
They match up to 6% but whatever they match is 100% vested immediately, so in theory I should watch a dollar limit until I get the full benefit there
The second role is new, I don't know that I like the company yet, and I don't qualify for the match until the first 6 months of service, after that, it vests on a 5 year schedule, but it's .75 cents on the dollar, so if I contribute $10k, they match with 7500, that's great....I should not avoid that
But in this industry, 5 years is an eternity.....I don't see myself with them that long at all, so who knows what to do? I was going to avoid their 401k altogether but they auto-enrolled me in it
Oh another fun fact, they are SEC/FINRA regulated, so they are asking for copies of my brokerage statements, and I'm kicking and screaming and resisting, I refuse, and I will likely resign over this
It was not disclosed to me as a requirement when I joined or was recruited, it's so dumb too, they want everyone, even their janitors and consultants to adhere to the FINRA regulations
