No worries man. Writing this stuff helps me put my thoughts together.Sorry Gunn, I've been dropping the ball as of late and not paying a bit of attention to the market. Yeah, it seems so manipulated and artificial at this point. I'm with you, very skeptical about these levels given all the uncertainty about the state of politics, the virus and all the disruptions caused by COVID. As Warren Buffett says it's scary at the bottom and be fearful when people are greedy and greedy when people are fearful. It's an amazing balancing act that's nearly impossible to master.
I'll get back to you in detail tomorrow or the next day.
ARKW:Any thoughts on tech sector ETF, ARKW? It seems to be on the up and up, and had a pretty good tracking up until the market crash back in March. It seems to have recovered and beat it's pre-crash highs this week.
Prosecution restsHey, I resemble that statement!
Thanks to apps like Robinhood and trading fees being super cheap (or non-existent!) is a likely contributor to Millennials such as myself trading more frequently.
Classically, the argument is that if you expect to make less money in retirement than now, and therefore be in a lower tax bracket, putting your 401k into a Roth version or your IRA in a Roth version makes sense. I would tend to believe that my income will go down in retirement vs now. The problem I see is that I suspect everyone's tax burden will go up in the 20yr future. So giving up the tax benefit now might make sense bc the growth and withdrawals will be tax free.In regards to the excessive money printing I see inflation becoming a serious concern in the future as a result, not increased taxes.
In regards to tax rates; tax rates need to get back to where they were before the Bush era and now Trump tax cuts. We shouldn't see an increase, but more likely a "return to normal" on tax rates. Unfortunately, the tax increases that are likely to be implemented will be on the middle class exempting large corporations and the wealthy. Few paid attention, but the Trump token (small) tax cuts for the working class expire in 10 years while the corporate (very generous) tax cuts are permanent.
Don't get me started on taxes.
Anyway, back on topic, moving to a ROTH is almost always a good ideal regardless of the current (or future) tax situation.
Well, other govts using us as a reserve currency (and holding our USD) is one thing preventing us from becoming Venuezuela. If you really think thats coming, that's one reason to consider investing in more solid vs speculative investments (real estate, essential businesses with assets instead of financial shenangigans/etc).My fear about all the money we're printing and the debt we're in...$26T?...is that in 20yrs time we could easily be in a situation similar to that of Venezuela is now in regards to the economy (politically, that's a different story, and one for a different thread).