School me on investing...

Whats that?

 

I bet it has something to do with Bitcoin.

 

Do you have a report card from a Prominent University?

 

How 'bout that WBD?

 

I refuse to capitulate.

I know better.

But I refuse.

 

If you have had Pot Stocks, today is your day…

https://www.cnn.com/2024/04/30/economy/dea-marijuana-rescheduling/index.html

 

Wow, how did it take this long?

 

TLRY up 34% today, but has a long way to go

 

Off the weed topic.

I have finally become familiar with back door Roth IRAs. I spent way too much time researching after I almost made a costly tax error.

My question is, how are they legal? The tax code was written to limit Roth IRA contributions so "the rich" couldn't use them. Then what? Tax law was added to allow a back door for anyone? Hell, my chosen online brokerage firm makes the whole transaction a couple button clicks to do. Why not just change the Roth IRA laws, to allow anyone to contribute directly? Why make us fill out another tax form and add tax basis calcs that can catch you out if you don't do the transactions just right. I.e start and end each year with zero balance in your traditional IRA account after converting every dollar you added that year.

 

Are you really asking why politicians changed the rules to benefit rich folks??? That's like job #1...

 

Dammit, where were you 308 pages ago? Now I've lost all my monies in weed stocks and bitcoin!

 

No, I'm asking why they didn't just eliminate the Roth IRA income limit, instead of adding a backdoor.

 

Since you figured out the backdoor conversion, how about a Cliffs notes version?

 

Buy the dip!!!

Do tell !!

 

I did.

When it dipped to 14.

 

I'm thinking CVS today...

 

I can't imagine it being any better than Walgreens, and that shit has been stinking up my portfolio for some time

 

The woman running that place is a psychopath.

 

Is she a profitable psychopath?

 

No..the 30% plummet is all on her. They need to run her ass off. That place is now high school with more expensive cheerleaders.