The "What Are You Doing This Moment" Thread

[Master_Yoda77]

Also, I am currently paying into the SURS so eat my fuck, Michael.

 

[The Ozzman]

Haha I am in a city that is slightly better than Cleveland. Try 4 hours south of there.

Also, I am currently paying into the SURS so eat my fuck, Michael.

Doesn't mean shit if the pension becomes underfunded and they can't pay you which is highly likely in 30+ years.

 

[Master_Yoda77]

I'm also part of a union. Eat my fuc 2.0

 

[The Ozzman]

I'm also part of a union. Eat my fuc 2.0

An entity that essentially legalizes extortion? Cool story, bro! Post a picture of you wearing your brand new Che shirt you bought on Amazon.

 

[viewerfromnihil]

An entity that essentially legalizes extortion? Cool story, bro! Post a picture of you wearing your brand new Che shirt you bought on Amazon.

I held off from making the incoming Atlas Shrugged joke initially to play nice, but since you followed it up...

Doesn't mean shit if the pension becomes underfunded and they can't pay you which is highly likely in 30+ years.

Doesn't mean shit when the movers of the world abandon us for their orgy in Colorado and you can't outrun the starving masses from devouring your plentiful self.

 

[tagradh]

Using up old food. Eating halloumi with noodles to anger the Asian gods.

 

[The Ozzman]

"Ozz attacked something I like as a liberal so I'll just attack him and call him fat because I'm a trend hopping faggot piece of shit instead of actually justifying my position of why what he said about pension plans is incorrect and assume the only book he has read in the past 10 years is Atlas Shrugged and I'll try and loosely correlate the two. That'll show him"

 

[viewerfromnihil]

Don't lie, you only made it half-way through the audio book.

 

[Master_Yoda77]

"Ozz attacked something I like as a liberal so I'll just attack him and call him fat because I'm a trend hopping faggot piece of shit instead of actually justifying my position of why what he said about pension plans is incorrect and assume the only book he has read in the past 10 years is Atlas Shrugged and I'll try and loosely correlate the two. That'll show him"

Lol what is your problem? Don't you have something better to do with your life than attack all the horrible things that I do?

 

[EspaDa]

I got drunk. Haven't felt like this in a while.

 

[rms]

Depends on when you plan to retire. If it's greater than ten years, I would suggest putting 100% in the most aggressive fund and gradually diversify in less risky funds as you get closer. It's hard to really to give a more dedicated response without knowing what the portfolio's are in each fund. I'm only a CPA though so I may not be the best source, but it would also would be nice to know the tax status on the funds you're contributing as well.

edit: Is this an IRA/401(K) or something else?

this should be an IRA. It's a fed government one only, tsp.gov , is the website.

im guessing i got 35-40 years until retirement

here's the fund overview : https://www.tsp.gov/InvestmentFunds/FundsOverview/index.html

The F, C, S, and I Funds are index funds, each of which is invested in order to replicate the risk and return characteristics of its appropriate benchmark index. For example, the C Fund is invested in a stock index fund that fully replicates the Standard and Poor's 500 (S&P 500) Index, a broad market index made up of the stocks of 500 large to medium-sized U.S. companies. The C Fund's objective is to match the performance of the S&P 500. The F, C, S, and I Funds remain invested regardless of the performance of the securities markets or the overall economy.

on tax status, i cannot make any more deposits atm since i no longer am federally employed and i know its 20% if i pull out before 65. not sure if that is everything ya need to know or not

There are entire books written about investment strategy. I agree with Dazed's opinion to an extent but it's all dependent upon how 'risk averse' you are. If you are young and don't mind taking risk, try something like emerging markets or an aggressive growth fund. If you care more about dividend income and don't want to high growth, get income driven stocks (like blue chip stocks or whatever) or bonds since they pay money every 6 months for 'x' amount of years. I would speak to an adviser if you have one available. I have a securities license but I'm so far removed from the finance realm at this point in my life that my advice won't be that great tbh. I got a degree in Finance and don't even use it anymore but it still really interests me.

It would be helpful to know what each of those funds comprises so that we could probably give you a little more info.

i'm down with the risk, this is really just side $ at the moment.

but if im going risky and aggressive, would i split it or keep it aggregated? seems like 100% is ideal for a risky option.

 

[Dak]

I think the market is in a bubble related at least in large part to all the QE. At some point the unwinding will have to occur.

 

[zabu of nΩd]

I would speak to an adviser if you have one available.

This > taking investment advice from the internet

 

[Dak]

If you do get a financial advisor, you need one with signed fiduciary duties.

 

[CiG]

dying of diabetes at 73.

73? That's wishful thinking if you have diabetes.

An entity that essentially legalizes extortion? Cool story, bro! Post a picture of you wearing your brand new Che shirt you bought on Amazon.

Unions are shit, but not having them is even shittier.

 

[Dak]

Unions are shit, but not having them is even shittier.

Unions are shit. The threat of unions is an arguably good thing though.

 

[CiG]

They mostly work in our favour here, in my experience. Teachers Unions and Police Unions are the worst imo.

 

[Dak]

Teachers Unions and Police Unions are the worst imo.

Taxpayer funded monopolies, so yeah.

 

[CiG]

Taxpayer funded monopolies, so yeah.

More concerned with the direct assault on meritocracy it has in arguably two of the most important areas of society.

 

[Dak]

More concerned with the direct assault on meritocracy it has in arguably two of the most important areas of society.

Well union and taxpayer funded are inextricable from direct assault on meritocracy.