All things STOCKS

#16,581
#16,581
Anyone in here good with the college 529 plans? My kids bank cds just matured so I cashed them in and was looking at the 529 plans. Feel free to pm me if you want so we don’t flood this thread or just post here. Just looking for some insight on either to use TNstars or make a Fidelity account. I thought about the UTMA account but I think that could end up hurting a little worse in the long run due to tax implications.
 
#16,582
#16,582
allvol90 said:
Anyone in here good with the college 529 plans? My kids bank cds just matured so I cashed them in and was looking at the 529 plans. Feel free to pm me if you want so we don’t flood this thread or just post here. Just looking for some insight on either to use TNstars or make a Fidelity account. I thought about the UTMA account but I think that could end up hurting a little worse in the long run due to tax implications.
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Fwiw, we use the Hartford Smart 529. Fees seem reasonable, and it was recommended by our advisor / broker who’s been licensed 40+ years. He’s a close family member as well. I’m sure there are other good ones out there, so make sure to research and find what’s best for you and your family.
 
#16,583
#16,583
Go aeiou said:
I agree with your statement about trusting financial statments. As far as trust: Chinese stocks, it's almost zero. SMCI is somewhat better. Not much. Just a gamble to buy the stock. Risk is too great for a prudent investor.
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A prudent investor allocates a small percentage of investments to higher risk equities as well as having the safer options. 5% of a portfolio in SMCI is the most that I would consider. 1%-2% works better for me. There’s nothing wrong with taking some calculated risks. Putting up to 10% in riskier investment options is probably the standard.

I’d include crypto in the higher risk options and might even go to plus/minus 20%. I’d like to go around 5% or 10% into crypto, but I missed the near term bottom. I might nibble as they can keep on going, especially with a friendly POTUS. I’m only slightly exposed right now being long some HOOD shares. Picks and shovels. NVDA also serves as ancillary crypto exposure.

My question right now is whether or not NVDA is currently high risk or average risk. It’s grown into one of my largest holdings. I made the mistake of selling half a year or two and 100% plus ago.

I’d rather use pre-tax money to buy SMCI shares to have the tax treatment in case the shares were to continue crashing.

I like SMCI as risk exposure when compared to companies that are heading toward zero on bankruptcy concerns. SMCI’s biggest problem seems to be entrenched management that isn’t competent running the company at its current size.
 
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#16,584
#16,584
allvol90 said:
Anyone in here good with the college 529 plans? My kids bank cds just matured so I cashed them in and was looking at the 529 plans. Feel free to pm me if you want so we don’t flood this thread or just post here. Just looking for some insight on either to use TNstars or make a Fidelity account. I thought about the UTMA account but I think that could end up hurting a little worse in the long run due to tax implications.
Click to expand...

I don’t know anything about 529s, but maxing out a 401k to take advantage of a company match should probably be the first thing to do. Then do the same with a Roth IRA. A health savings account should also be contributed to by as much as possible.

Fidelity, Schwab, and ETrade should all be able to provide free advice with 529 accounts.
 
#16,586
#16,586
Thunder Good-Oil said:
I don’t know anything about 529s, but maxing out a 401k to take advantage of a company match should probably be the first thing to do. Then do the same with a Roth IRA. A health savings account should also be contributed to by as much as possible.

Fidelity, Schwab, and ETrade should all be able to provide free advice with 529 accounts.
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I should currently make out my 401k this year. I’m putting in 21% and my employer matches 12% $ for $.

I am curious to who has the best 529 plans out there. Idk about the tn stars plans but also didn’t know if you can jump in other states plans as well
 
#16,587
#16,587
allvol90 said:
I should currently make out my 401k this year. I’m putting in 21% and my employer matches 12% $ for $.

I am curious to who has the best 529 plans out there. Idk about the tn stars plans but also didn’t know if you can jump in other states plans as well
Click to expand...
Yes, the Hartford Smart 529 is somehow connected to West Virginia. We didn’t even visit that state until we had been in that 529 plan for four at least fifteen years.

Also consider asking grandparents, aunts, uncles, etc. to consider making a contribution to the 529 rather than only toys that might not be played with in a few months. I don’t mean at all to say no toys for the kids, but help with their future education.
 
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#16,588
#16,588

529 Plan Investment Options - Fidelity

As you get ready to open your 529 account, decide on an investment plan that works best for you. Our 529 investment programs offer options for every type of investor.
www.fidelity.com


investor.vanguard.com

Find the right 529 plan for you | Vanguard

Find the right 529 plan for your needs with Vanguard. Explore options, benefits, and strategies to effectively save for your child’s education.
investor.vanguard.com investor.vanguard.com

Five things you may not know about 529s (but should)

They're tax friendly, flexible, and available to anyone. Yet, 529 education savings plans are still underused. Here are five things that parents, grandparents, and anyone hoping to get a leg up on college costs need to know.
us.etrade.com us.etrade.com

www.bankrate.com

529 Plan Vs. Roth IRA: Which To Use For College Savings | Bankrate

Here are the pros and cons of using a 529 or a Roth IRA to pay for college.
www.bankrate.com
 
#16,589
#16,589
That was another benefit I saw to the 529 plans. The gift of money limits are pretty steep which is awesome. It’s just trying to make the right choices for the kiddos while they are young and to get that money out of a stupid savings account that’s bringing in the bank 5+% and they give you 0.2% in return. It’s awful.

I guess it’s really down to finding the right broker that has several mutual funds to choose from. I was t really big on tn stars accounts that’s with the state of TN. Fidelity’s plans did t look bad but that vanguard that just got posted have several options to chose from.

The only thing I’m not doing for myself is contributing to a Roth IRA or any Ira for that matter. I will be maxed out in 401 this year and also have a HSA that would be doing great if my wife wouldn’t be using the card.
I’m taking a chance with my Ira money and doing some multi family investment properties.
 
#16,590
#16,590
Thunder Good-Oil said:

529 Plan Investment Options - Fidelity

As you get ready to open your 529 account, decide on an investment plan that works best for you. Our 529 investment programs offer options for every type of investor.
www.fidelity.com


investor.vanguard.com

Find the right 529 plan for you | Vanguard

Find the right 529 plan for your needs with Vanguard. Explore options, benefits, and strategies to effectively save for your child’s education.
investor.vanguard.com investor.vanguard.com

Five things you may not know about 529s (but should)

They're tax friendly, flexible, and available to anyone. Yet, 529 education savings plans are still underused. Here are five things that parents, grandparents, and anyone hoping to get a leg up on college costs need to know.
us.etrade.com us.etrade.com

www.bankrate.com

529 Plan Vs. Roth IRA: Which To Use For College Savings | Bankrate

Here are the pros and cons of using a 529 or a Roth IRA to pay for college.
www.bankrate.com
Click to expand...
Thanks for these links. I’ll check them out in the morning
 
#16,591
#16,591
allvol90 said:
Thanks for these links. I’ll check them out in the morning
Click to expand...

I’m partial to those 4 brokers.

I like Schwab the most for having all sorts of free resources and assistance.

Vanguard is a mutual company (owned by their customers) and has really low fees. Vanguard also has substantial scale and would have a lot of help as well.

ETrade is a part of Morgan Stanley and together they can provide seamless wealth management over a lifetime.

Fidelity is privately owned, but they are a lot like Schwab with their client service.

Personally I’d start with Schwab and avoid banks and insurance companies (if those 2 even offer 529 plans).
 
#16,592
#16,592
www.investopedia.com

529 Plan: What It Is, How It Works, Pros and Cons

A 529 plan is a tax-advantaged account that can be used to pay for qualified education expenses, including college, K–12, and apprenticeship programs.
www.investopedia.com www.investopedia.com

Investopedia articles are loaded with links to other relevant articles. Even their sponsored links to advertisers are typically very useful and not loaded with useless spam.
 
#16,593
#16,593
Thunder Good-Oil said:
I’m partial to those 4 brokers.

I like Schwab the most for having all sorts of free resources and assistance.

Vanguard is a mutual company (owned by their customers) and has really low fees. Vanguard also has substantial scale and would have a lot of help as well.

ETrade is a part of Morgan Stanley and together they can provide seamless wealth management over a lifetime.

Fidelity is privately owned, but they are a lot like Schwab with their client service.

Personally I’d start with Schwab and avoid banks and insurance companies (if those 2 even offer 529 plans).
Click to expand...
My 401k is with Fidelity so one benefit of using them would be all of my accounts would be under one platform/dashboard but vanguards investing options seem to have more of a variety. The way I’m thinking right now I want something to follow the large caps.
 
#16,594
#16,594
allvol90 said:
My 401k is with Fidelity so one benefit of using them would be all of my accounts would be under one platform/dashboard but vanguards investing options seem to have more of a variety. The way I’m thinking right now I want something to follow the large caps.
Click to expand...

I’m pretty sure that any investments available through Vanguard are available at Fidelity. Your Fidelity 401k might have just a handful of available options in the arrangement with your employer.

I think Fidelity might also have an HSA. My HSA is with Health Equity and they suck as far as fees and investment options.
 
#16,595
#16,595
allvol90 said:
My 401k is with Fidelity so one benefit of using them would be all of my accounts would be under one platform/dashboard but vanguards investing options seem to have more of a variety. The way I’m thinking right now I want something to follow the large caps.
Click to expand...
I haven't looked in a while, but in the past VG wanted nothing to do with cryptocurrency.
I'd confirm before opening an account if that's important to you.
 
#16,596
#16,596
DJT has a market cap of over $7 billion but only has institutions holding 6% of the shares.

52 week range is $11.75-$79.38. Current price is $30.50. This is what I would consider a very high risk stock that isn’t a good long term hold. The volatility makes it tradable. I’d take any quick gains and watch for bounces off of pull backs before going long again. IMO it’s not worth the effort to follow it. Maybe buy puts if they were cheaper.
 
#16,597
#16,597
Thunder Good-Oil said:
DJT has a market cap of over $7 billion but only has institutions holding 6% of the shares.

52 week range is $11.75-$79.38. Current price is $30.50. This is what I would consider a very high risk stock that isn’t a good long term hold. The volatility makes it tradable. I’d take any quick gains and watch for bounces off of pull backs before going long again. IMO it’s not worth the effort to follow it. Maybe buy puts if they were cheaper.
Click to expand...

I think it is absolutely worth a gamble starting Jan 1st into the inauguration. I plan dropping a dime or so into it around that time.
 
#16,598
#16,598
Carp said:
I think it is absolutely worth a gamble starting Jan 1st into the inauguration. I plan dropping a dime or so into it around that time.
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I just think that fundamentally it’s not a good business. I think that Trump will be selling off his shares whenever they go up in price. And X has transformed since Musk bought Twitter.

I think it should be about a $12-$15 stock. I’d look to unload and take any quick profits. And you know that the Dems are already plotting more impeachments and indictments. Any of those events will crash the shares from the current levels.
 
#16,599
#16,599
Thunder Good-Oil said:
I just think that fundamentally it’s not a good business. I think that Trump will be selling off his shares whenever they go up in price. And X has transformed since Musk bought Twitter.

I think it should be about a $12-$15 stock. I’d look to unload and take any quick profits. And you know that the Dems are already plotting more impeachments and indictments. Any of those events will crash the shares from the current levels.
Click to expand...
Oh I am not holding long term. Just looking to piggy back off of the momentum into his inauguration. I won't hold it past then.
 
#16,600
#16,600
Rumble would be a more viable “investment” than DJT. DJT is just a trade at this point and I’ll be shocked if they are ever a long term business. Being a platform for Trump doesn't mean that they’ll ever generate revenue and profits.

I didn’t realize that JD Vance was a RUM investor. They also have an alliance with DJT.

RUM might be able to win lawsuits versus the tech giants. But last time I looked tge platform was a sloppy mess. Maybe it’s improved. Thiel has a good track record.
 
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