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General Discussion / Re: financial advice from hmgrock
« on: June 01, 2018, 06:31:28 PM »Is your advice taking into account the Federal Reserve policy on quantitative easing (QE) changing to quantitative tightening (QT)? So what is your thoughts on QE to QT and how it will impact wallstreet and mainstreet? I would suggest before giving such a huge recommendation to buy the market for you to take deeper analysis into how QT is going to change the stock market. All the research I've read says that QT will cause some balancing to Bonds and Mainstreet. This means the stock market in the near term is OK but in 2-3 years, QT may cause a flat market. If the market is flat in 2-3 years don't you think it's taking unneeded risk without the reward factor to balance?
Hey wisemon
The ROTH Ira is just another type of retirement account
It is great cuz all the gains are tax free
Where a taxable brokerage account
You can get hit with a 25% capital gain tax
Whenever you sell/trade stocks and etc....
In a Roth IRA you can do anything you want just like a taxable account
There’s a annual cap of $5.5k. And income limit
Can’t be making six plus figure
Great for poor people making less than $100k
You can invest in whatever you want
But I recommend a low cost index fund that mimics the S&P 500
In the long run you looking at average 10%ish annually
Don’t buy bond, if you are still young
When you can be getting a 10%ish average in the long run
