OT: Stock trading | Page 201 | The Boneyard
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OT: Stock trading

Anyone here use Ascensus? Vanguard just gave my account to Ascensus. I'm logged in but nothing makes sense. No link to see holdings, trades, etc.
 
wingsfan055 said:
Options can be used for hedging, speculation, or incremental revenue, depending on your strategy. That's the beauty. It's a way of managing risk. It requires a bit of homework to learn the different strategies, but there are free tools, webinars and videos today, that didn't exist 10 years ago. I own a bunch of stock for the dividends or LT holdings, but most of my 1099 profits is from options trading. I make more from this than my job I love.
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Couldn’t you just write the options yourself, be it puts or calls, and sell them? There’s definitely a market for them. :rolleyes:
 
I have a general investing question maybe someone can help me with:

Years ago I worked for my local board of education and put in to a retirement plan (I think it’s a 403(b), but I’m honestly not sure) during my time there. Now that I don’t work there anymore, is it true that I can no longer contribute to the account? Can/should I move that money over to a new personal retirement account so I can continue adding into it?

Thanks in advance to anyone who takes the time to answer this.
 
thekollieman said:
I have a general investing question maybe someone can help me with:

Years ago I worked for my local board of education and put in to a retirement plan (I think it’s a 403(b), but I’m honestly not sure) during my time there. Now that I don’t work there anymore, is it true that I can no longer contribute to the account? Can/should I move that money over to a new personal retirement account so I can continue adding into it?

Thanks in advance to anyone who takes the time to answer this.
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Was likely a 457 plan. I started coaching before teaching and the school system said I had to contribute to the 457 or pay SS.
 
temery said:
Was likely a 457 plan. I started coaching before teaching and the school system said I had to contribute to the 457 or pay SS.
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It was voluntary. I was a full-time paraprofessional there and definitely also had SS (assuming that’s social security) taken out of all my paychecks. I didn’t have the retirement plan initially but ultimately contributed to it for about a year and half before I left that job to go back to school.
 
thekollieman said:
I have a general investing question maybe someone can help me with:

Years ago I worked for my local board of education and put in to a retirement plan (I think it’s a 403(b), but I’m honestly not sure) during my time there. Now that I don’t work there anymore, is it true that I can no longer contribute to the account? Can/should I move that money over to a new personal retirement account so I can continue adding into it?

Thanks in advance to anyone who takes the time to answer this.
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Could be a 403b, 401A, or many others. I have both of those through my school Corp.

You can't contribute to that account anymore because you no longer work there. You can rollover the account to another account so you can keep adding money to it. Hey should of the new account company and talk to them. They know how to do it. Usually just fill out a piece of paper with all the information on it and it will take a couple of weeks.

I just did this with an account from an older school Corp I used to work for. No problems at all.
 
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temery said:
Anyone here use Ascensus? Vanguard just gave my account to Ascensus. I'm logged in but nothing makes sense. No link to see holdings, trades, etc.
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They seem like one of the larger independent plan managers. I wouldn't expect the full suite of offerings you'd get with Vanguard or Fidelity. Seems likely that your former employer switched to them from Vanguard (they're bound to be cheaper). I had an employer move our plan from UBS to Fidelity (thankfully).

If you have other stuff still at Vanguard, you could always move it back in a rollover. My wife inherited a 401k and we just moved it to Fidelity in an inherited rollover IRA. The company that was managing it was awful. Ascensus is probably better than they were.
 
thekollieman said:
I have a general investing question maybe someone can help me with:

Years ago I worked for my local board of education and put in to a retirement plan (I think it’s a 403(b), but I’m honestly not sure) during my time there. Now that I don’t work there anymore, is it true that I can no longer contribute to the account? Can/should I move that money over to a new personal retirement account so I can continue adding into it?

Thanks in advance to anyone who takes the time to answer this.
Expand ...

Correct. You can no longer contribute to the account.

You can move the funds to another retirement account to an advisor that will manage your account or you can transfer the funds into a self managed brokerage like Charles Schwab.

There are plenty of firms that would be more than happy to help you. More than likely, you have a friend or family member that you are unaware of that can help you.

There's nothing more awkward that going to a family event after the fact and having someone ask you, "why didn't you ask me"...

I'm a big supporter of helping family and friends, but some people also want to keep their financial info private and I get it. Good luck
 
B1GEast said:
Correct. You can no longer contribute to the account.

You can move the funds to another retirement account to an advisor that will manage your account or you can transfer the funds into a self managed brokerage like Charles Schwab.

There are plenty of firms that would be more than happy to help you. More than likely, you have a friend or family member that you are unaware of that can help you.

There's nothing more awkward that going to a family event after the fact and having someone ask you, "why didn't you ask me"...

I'm a big supporter of helping family and friends, but some people also want to keep their financial info private and I get it. Good luck
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That’s a great point. This has on the back burner of my things to do in the near future. I’ll definitely ask my dad before making any moves.
 
thekollieman said:
I have a general investing question maybe someone can help me with:

Years ago I worked for my local board of education and put in to a retirement plan (I think it’s a 403(b), but I’m honestly not sure) during my time there. Now that I don’t work there anymore, is it true that I can no longer contribute to the account? Can/should I move that money over to a new personal retirement account so I can continue adding into it?

Thanks in advance to anyone who takes the time to answer this.
Expand ...

As others said, do a rollover. I'd also add that the fees on those things (looking at you, Equitable) to rollover can be ABSURD. May not even be worth it--I'd do some digging into the fine print or call someone.
 
B1GEast said:
Correct. You can no longer contribute to the account.

You can move the funds to another retirement account to an advisor that will manage your account or you can transfer the funds into a self managed brokerage like Charles Schwab.

There are plenty of firms that would be more than happy to help you. More than likely, you have a friend or family member that you are unaware of that can help you.

There's nothing more awkward that going to a family event after the fact and having someone ask you, "why didn't you ask me"...

I'm a big supporter of helping family and friends, but some people also want to keep their financial info private and I get it. Good luck
Expand ...
Schwab is ok, but more to follow, I’ve had an account with Ameritrade for years, and they were recently acquired by Schwab.
 
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Powell industries gents. Excellent forward PE signaling it’s still undervalued even though it’s surging. Would love for a pullback so I can find a spot to buy back in
 
tentoes4rings said:
We started discussing this in another thread so I decided to start a new thread. Would love to know what sectors and stocks people are in, with successes and if you want to share, bad trades or holds. My brief story below:

Traded a lot from 99-01 but volatility of Dot Com Market collapse forced me out with a decent profit. Fast forward19 years, I dove back in at the bottom in March. Had some success trading Comcast the first week, got caught in a bad trade with Citrix. Had an initial wishlist of NFLX, DOCU, Roku and Comcast. Didn’t pull the trigger quickly enough and watched most run away. Roku and Gartner I’ve been in and out of but just can’t seem to win on them. Two big winners have been DocuSign and Five Nine Inc (FIVN). I’m out now except for a small position in DocuSign, as I expect tech stocks to sell off soon and want to be ready to buy on dip.

Stocks Im looking at adding:
MSFT
AMZN
FB
ROKU
TWLO
FIVN
BX (Blackstone)
Tesla
OKTA
PENN
Walmart
CCL (Carnival)
IT (Gartner)
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Kayne Anderson, mis stream energy infrastructure fund.

Selling at around $12 per share.

For old farts like me, income producing investments are comforting to own.

KYN pays around 8.25% or so dividend.
 
prankster said:
Kayne Anderson, mis stream energy infrastructure fund.

Selling at around $12 per share.

For old farts like me, income producing investments are comforting to own.

KYN pays around 8.25% or so dividend.
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I use ET for that function.
 
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Chin Diesel said:
I use ET for that function.
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I simplified my investments a bit. So Turbo Tax can easily handle everything.

Some years back I held both ET and Kinder Morgan.

But those partnerships spat out K1 forms at tax time. Always had to file an extension. Taxes were a bit of a PITA.

Kayne Anderson returns nearly what the mid-stream partnerships did. But the K1 income is rinsed through the Fund, and it spits out ordinary dividend income, not partnership distribution.

(I believe that both ET and Kinder Morgan are among the Funds top holdings. Recently I extended a bit, bought SEAL-PA. "Mid-stream, as they are LNG carriers. Selling around $25.50, and pays around 8.8%.)
 
prankster said:
I simplified my investments a bit. So Turbo Tax can easily handle everything.

Some years back I held both ET and Kinder Morgan.

But those partnerships spat out K1 forms at tax time. Always had to file an extension. Taxes were a bit of a PITA.

Kayne Anderson returns nearly what the mid-stream partnerships did. But the K1 income is rinsed through the Fund, and it spits out ordinary dividend income, not partnership distribution.

(I believe that both ET and Kinder Morgan are among the Funds top holdings. Recently I extended a bit, bought SEAL-PA. "Mid-stream, as they are LNG carriers. Selling around $25.50, and pays around 8.8%.)
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I'm with you. I stopped with all the partnerships. Had an oil field one for a long time that both yielded over 10% and increased share price dramatically. But the taxes were a pain.
 
prankster said:
I simplified my investments a bit. So Turbo Tax can easily handle everything.

Some years back I held both ET and Kinder Morgan.

But those partnerships spat out K1 forms at tax time. Always had to file an extension. Taxes were a bit of a PITA.

Kayne Anderson returns nearly what the mid-stream partnerships did. But the K1 income is rinsed through the Fund, and it spits out ordinary dividend income, not partnership distribution.

(I believe that both ET and Kinder Morgan are among the Funds top holdings. Recently I extended a bit, bought SEAL-PA. "Mid-stream, as they are LNG carriers. Selling around $25.50, and pays around 8.8%.)
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HuskyHawk said:
I'm with you. I stopped with all the partnerships. Had an oil field one for a long time that both yielded over 10% and increased share price dramatically. But the taxes were a pain.
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To clarify, I have ET as part of an IRA. Right now there's no issues, as I'm not pulling money out of the IRA yet. All the distribution are reinvested. I have a few years until I have to deal with withdrawals.
 
prankster said:
Kayne Anderson, mis stream energy infrastructure fund.

Selling at around $12 per share.

For old farts like me, income producing investments are comforting to own.

KYN pays around 8.25% or so dividend.
Expand ...
I'm not an old fart (yet) but I do mis stream on occasion.
 
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CONN78SEJ said:
Unless you have inside info, start up biotechs are a crap shoot, do your homework and take profits whenever they are there. Buying biotechs on a promise is almost as risky as trading options.
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I have one down like 88% since I bought it. Worthless but why even sell? Maybe they have something that hits.
 
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