Page 13 of 186 FirstFirst ... 311121314152363113 ... LastLast
Results 241 to 260 of 3709
  1. #241
    Quote Originally Posted by bundabergdevil View Post
    Specifically, the FDIC estimates the "unbanked" at about 6% and "underbanked" at about 18%. My comments weren't very specific but this figure is what I had in mind...
    I'm guilty of paying little attention to regulators, and their reports, even when they are visiting. I prefer to drive looking out my windshield. Rearview mirror driving is dangerous and significantly increases the probability of future major wrecks.

    This probably also isn't the appropriate thread, so I'll leave this alone after this post.

  2. #242
    Join Date
    Feb 2007
    Location
    Raleigh, NC
    Quote Originally Posted by left_hook_lacey View Post

    With all that said, what are the board's thoughts on ESPP? I had one at my old job because we got a 15% discount. I have yet to join at my current job because I missed the open enrollment period. But my new job only offers 5% discount.
    So we have an ESPP here. You can put up to 10% of your pay into it. Every 6 months stock is bought at the current strike price or 85% of the current market price. If the current market price is lower it'll become the current strike price and can be locked in for up to 2 years.

    I consider the ESPP free money. On average your money is tied up for 3 months. Then you get at least 15% profit if you cash in when it's bought. I know you guys will correct me if I'm wrong but gaining 15% for money that's tied up for an average of 3 months is kinda hard to beat is it not?

    Since it's only the company stock it's a little easier to play with than general stock market purchases. I cash some in, I leave some behind (in case the good thing happens). I've been at my company a long time so there have been times where I've had to be patient. But there were also times where my strike price was $23 a share and market price was $80.

  3. #243
    Join Date
    Feb 2007
    Location
    Hot'Lanta... home of the Falcons!
    Quote Originally Posted by left_hook_lacey View Post
    With all that said, what are the board's thoughts on ESPP? I had one at my old job because we got a 15% discount. I have yet to join at my current job because I missed the open enrollment period. But my new job only offers 5% discount.
    I mean, even with just a 5% discount, you are getting (for example) a $20 stock for $19, so that is a kinda good thing. But, as previously mentioned, you want to be careful your company's stock does not represent too much of your investment portfolio.
    Why are you wasting time here when you could be wasting it by listening to the latest episode of the DBR Podcast?

  4. #244
    Join Date
    Feb 2009
    Location
    Wilmington, NC
    Quote Originally Posted by JasonEvans View Post
    I mean, even with just a 5% discount, you are getting (for example) a $20 stock for $19, so that is a kinda good thing. But, as previously mentioned, you want to be careful your company's stock does not represent too much of your investment portfolio.
    I think my biggest concern is with the taxes. I'm not sure how long to hold on to it. If you sell it immediately after the purchasing period, you eliminate the risk, but you have to pay "ordinary income" tax rate + a fixed sum based on your income bracket.

    If you hold on to it for two years from the offering period, it gets taxed at capital gains tax rates, which are less than ordinary income tax rates , but still considerable at only a 5% discount.

    Seems like that money might be better served going straight to a pre-tax fund like 401k or Roth.

    At my former job, yes the 15% discount was a no brainer, but at 5%, it seems like I'm tying my money up for very little gain, and considerable risk.

    Maybe I'll just take that extra money I was considering putting into ESPP and invest in crypto currency which I understand even less than ESPP.

    TO THE BITCOIN THREAD!!!

  5. #245
    Join Date
    Feb 2007
    For ESPP, it ďsortaĒ depends on the stock and the discount.

    I worked at a large value company whose stock moved very little, and was dividend focused. I decided the 5% discount wasnít worth it.

    Iím now back at a growth company with a 15% discount and a two year look back.
    Seems like an easy decision.

    Prior ESPP purchases Iíd generally hold until I ďneededĒ to sell.
    I agree with the other poster about concentration risk.

    I may not be interpreting the rules correctly. If you sell the same day you acquire the ESPP and reinvest into something else immediately you are not subject to capital gains (primarily because there are none).

  6. #246
    So I have a question and trying not to be political. After 3 years of Trump, obviously the market overreacts to every tweet, every tariff, and every China this and China that. Obviously the market reacts, goes up and down on a daily weekly monthly basis, but where are we with market growth?
    ~rthomas

  7. #247
    Join Date
    Feb 2007
    Location
    Ashburn, VA
    Quote Originally Posted by elvis14 View Post
    So we have an ESPP here. You can put up to 10% of your pay into it. Every 6 months stock is bought at the current strike price or 85% of the current market price. If the current market price is lower it'll become the current strike price and can be locked in for up to 2 years.

    I consider the ESPP free money. On average your money is tied up for 3 months. Then you get at least 15% profit if you cash in when it's bought. I know you guys will correct me if I'm wrong but gaining 15% for money that's tied up for an average of 3 months is kinda hard to beat is it not?
    We have the same setup with our ESPP.

    I would add that you will always pay ordinary income tax on the 15% discount portion you receive, and then capital gains on the rest (long-term if you hold it I believe a year from purchase, or 18 months from offer date, or something similar).

    I usually only hold onto about three or four 6-month periods worth, so as to make sure I'm never paying short-term CG, but also to make sure the company which employs me is not too high a percentage of my equities.

    ESPP seems like a no-brainer since I've already maxed my 401k.
    A text without a context is a pretext.

  8. #248
    Join Date
    Feb 2007
    Location
    Hot'Lanta... home of the Falcons!
    Quote Originally Posted by rthomas View Post
    So I have a question and trying not to be political. After 3 years of Trump, obviously the market overreacts to every tweet, every tariff, and every China this and China that. Obviously the market reacts, goes up and down on a daily weekly monthly basis, but where are we with market growth?
    This site has a great interactive graphic where you can see the percent gain for each president at the same point in their presidency.

    So, as of today, just a couple months less than 3 years after he took office, the market is up 39.3% under Trump. Here are how some other presidents compare at this point in their terms.

    Trump +39.3%
    Obama +50.6
    GWB -10.1
    Clinton +53.3
    GHWB +23.6
    Reagan +34.7
    Carter -13.8

    Historically, the market under Trump is about average. A bit better than his modern GOP counterparts but significantly worse than his two nemesis, Obama and Bill Clinton.

    These are merely observations/facts, not a statement on the value of these presidencies. Heck, as many have said here and elsewhere, the impact of the president on the economy is probably somewhere between not much and nada.
    Why are you wasting time here when you could be wasting it by listening to the latest episode of the DBR Podcast?

  9. #249
    Quote Originally Posted by JasonEvans View Post
    This site has a great interactive graphic where you can see the percent gain for each president at the same point in their presidency.

    So, as of today, just a couple months less than 3 years after he took office, the market is up 39.3% under Trump. Here are how some other presidents compare at this point in their terms.

    Trump +39.3%
    Obama +50.6
    GWB -10.1
    Clinton +53.3
    GHWB +23.6
    Reagan +34.7
    Carter -13.8

    Historically, the market under Trump is about average. A bit better than his modern GOP counterparts but significantly worse than his two nemesis, Obama and Bill Clinton.

    These are merely observations/facts, not a statement on the value of these presidencies. Heck, as many have said here and elsewhere, the impact of the president on the economy is probably somewhere between not much and nada.
    Yep to the bolded. Presidents get WAY too much credit/blame for stock market and job numbers performance in my opinion. (Certainly Trump touts it when things are going well). The Fed can certainly have more influence.

    Also, looking at stock market performance after the person gets sworn in could be misconstrued given the market already had a few months to price it in (e.g. while the market plummeted the day after Trump was elected, it then went way up in the next two months in anticipation of a Republican-led corporate tax cut). So, Obama gets "credit" even though it was clearly the market responding to the most recent election. Conversely, Obama inherited the great recession and prices plumetted his first few months in office, which was largely an inherited state. Not much he could do about that.

    Ironically, the economy is probably the most influential issue when it comes to voters' minds even though it may not be something the president can totally influence. That's probably why we get voters changing their minds so much election to election -- depends on the state of the economy. With Trump, probably not as much given it seems people on both sides have stronger opinions than with most candidates, but I bet if the economy suddenly went into the stinker, you'd see a lot of white working class voters in the upper Midwest switch sides and that's where the election is going to likely be decided.

    Back to investing, ESPP with a discount usually is a no brainier. I had one that offered 50% discount and always did the max of what I could and just sold it off relatively quickly.

  10. #250
    Quote Originally Posted by left_hook_lacey View Post

    Seems like that money might be better served going straight to a pre-tax fund like 401k or Roth.

    At my former job, yes the 15% discount was a no brainer, but at 5%, it seems like I'm tying my money up for very little gain, and considerable risk.
    Your age, marginal tax bracket, dollars available to invest, etc. should be known and considered before answering.

    For example, at only a 5% discount, if youíre under 35, have a marginal tax rate of 24% or less, and cannot afford investing in both, then Iíd put the money in a Roth 401k invested in a broadly diversified equity index fund.

  11. #251
    Quote Originally Posted by JasonEvans View Post

    Trump +39.3%
    Obama +50.6
    GWB -10.1
    Clinton +53.3
    GHWB +23.6
    Reagan +34.7
    Carter -13.8

    These are merely observations/facts, not a statement on the value of these presidencies. Heck, as many have said here and elsewhere, the impact of the president on the economy is probably somewhere between not much and nada.
    I disagree. IMO, those returns are not random or surprising. My favorite economic Presidents were Clinton and Reagan while my least favorite was Carter. GWB entered office near a market top and Obama near a market bottom.

  12. #252
    Join Date
    Feb 2009
    Location
    Wilmington, NC
    Quote Originally Posted by Jeffrey View Post
    I disagree. IMO, those returns are not random or surprising. My favorite economic Presidents were Clinton and Reagan while my least favorite was Carter. GWB entered office near a market top and Obama near a market bottom.
    Also, 9-11 happened right after Bush took office and the stock market was literally closed for a few days. I don't remember how bad the impact was, just remember the market drops in the news.

    Then soon after, the housing bubble burst. I'm not smart enough to know who's fault that was.

    Shew, for a second there I thought I was posting in the presidential thread. 😂

  13. #253
    Quote Originally Posted by left_hook_lacey View Post
    Shew, for a second there I thought I was posting in the presidential thread. 😂
    Thanks for the laugh.

    On a serious note, it shows there's a definite connection between the subjects.

  14. #254
    Join Date
    Feb 2009
    Location
    Wilmington, NC
    Quote Originally Posted by Jeffrey View Post
    Thanks for the laugh.

    On a serious note, it shows there's a definite connection between the subjects.
    Thanks for the advice

  15. #255

    Paul Volcker

    I didn`t want to start a separate thread but did want fo note the passing of former Fed Chairman Paul Volcker yesterday. A giant among central bankers(he was 6'7"), he was credited with breaking the high inflation of the 70s and early 80s. For that we are in his debt.

  16. #256
    Quote Originally Posted by YmoBeThere View Post
    I didn`t want to start a separate thread but did want fo note the passing of former Fed Chairman Paul Volcker yesterday. A giant among central bankers(he was 6'7"), he was credited with breaking the high inflation of the 70s and early 80s. For that we are in his debt.
    Volcker may have been Carterís best decision. Volcker knew the best solution and refused to let many others try to convince him otherwise. Paul deserves a lot of the credit for the amazing US economic run since the mid-80ís. He did not let his very substantial knowledge of free markets stop him from massive interest rate manipulation. Itís been all down hill from there.

    RIP, and many thanks, Big Paul!
    Last edited by Jeffrey; 12-09-2019 at 09:22 PM.

  17. #257
    Join Date
    Feb 2007
    Iíll see if I can find the article, read something today that stated more money has been pulled out of the stock market since the start of the year than ever (?), to the tune of $130B+.

    Any exaggeration/misrepresentation of the details is mine.
    Pretty scary that the market is simultaneously super hot and investors are taking the money and parking it in safer places.

  18. #258
    Quote Originally Posted by fuse View Post
    Pretty scary that the market is simultaneously super hot and investors are taking the money and parking it in safer places.
    IMO, pretty awesome.

  19. #259
    Quote Originally Posted by fuse View Post
    Iíll see if I can find the article, read something today that stated more money has been pulled out of the stock market since the start of the year than ever (?), to the tune of $130B+.

    Any exaggeration/misrepresentation of the details is mine.
    Pretty scary that the market is simultaneously super hot and investors are taking the money and parking it in safer places.
    Iím not shocked. The youngest Baby Boomers are 55. So many are now retiring, they will have to take money out of their accounts. The oldest of them will have to due to RMD requirements.

    As for me, Iíve had a great year in my trading account(other accounts too but those stay fully invested). So much so, that I took funds out to buy a long desired item.

  20. #260
    Join Date
    Feb 2007
    Quote Originally Posted by Jeffrey View Post
    IMO, pretty awesome.
    Would enjoy the benefit of your perspective.

    My read was teetering on a razorís edge of high highs and fears of a big crash.

    Since my crystal ball is cloudy, I donít mind enjoying the high highs. Iíd love to avoid a huge loss.

    Ok, duh, now that Iíve gotten the obvious out of the way...

Similar Threads

  1. Duke History (new thread-- posts moved from unrelated thread)
    By jimsumner in forum Elizabeth King Forum
    Replies: 43
    Last Post: 12-25-2019, 08:15 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •