01/26 - Taco Wednesday

Yphtach Lelkes [A3QABKQPGF9OKF] Quick Survey about Attitudes(~ 7 minutes) - $1.50 | PANDA

Generous

Unrated

Unrated

$26.21 / hour
00:03:26 / completion time

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Pros:
Faster than the stated estimate.

Demographics. 5 short hypotheticals. Additional questions.

Cons:
Sliders.

Catchability: Great (HIT Last Seen: a second ago)
Qualifications: Exc: [979605637-343119] DoesNotExist ; Total approved HITs >= 1000; HIT approval rate (%) >= 95; CR Research Group #1 >= 100; Location In US;

To read Yphtach Lelkes's full profile check out TurkerView!​

 

Let's be realistic; most of the investors will be harvesting taxes losses up to the limit for the next 10 years after buying at the top

 

I did try to get into Crypto when this was all going on. DOGE was huge so the second it got added to Coinbase I threw $100 at it. It then tanked. So then when SHIB got added to Coinbase I transferred it over and made back my loss and I said NO MORE and cashed out.

 

You may want to consider a Vanguard fund. As long as you don't mind holding onto it for 10 years, you'll earn around 8% or so per year for one of their total market funds. It's about as safe as the stock market gets.

 

When it runs the course, I'd either move it into a municipal if you want it liquid anytime soon or open a Custodial IRA for your son and start his retirement account off for him. Usually they transfer when the child reaches 18.

 

I forgot the limits on Custodial IRAs and whether you can specify Traditional or Roth (outside my immediate area of remembrance)... I've always preferred Roth to avoid having Uncle Sam come tickle my backside with his tax collecting feather.

 

All of this investment talk reminded me of this bit.

 

I do want to stay away from the IRA option because if my son doesn't go to the university where I work, I know that's gonna be a huge bill. I'd like him to not have to go into crazy student loan debt. I also personally used all of the CDs I had when I moved out to be the down payment on my house. That was nice to be able to do. I get that retirement's something to worry about, but if he can have a good start to his adult life, he should be able to manage that much on his own. If he doesn't have that good start, he'll never get to the point where he could retire.

 

Kazuki Kawazoe [AO5IL5IAX1XAY] Assessment of the facial expressions of characters in the videos(about 45 minutes) - $6.00 | PANDA

Fair

Unrated

Unrated

$15.51 / hour
00:23:13 / completion time

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Pros:
fair pay
interesting
$6

Cons:

Catchability: Okay (HIT Last Seen: 9 minutes ago)
Qualifications: HIT approval rate (%) > 95;

To read Kazuki Kawazoe's full profile check out TurkerView!​

 

Yphtach Lelkes [A3QABKQPGF9OKF] Quick Survey about Attitudes(~ 7 minutes) - $1.50 | PANDA

Unrated

Unrated

Unrated

$27.69 / hour
00:03:15 / completion time

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Pros:

Cons:

Catchability: Great (HIT Last Seen: a second ago)
Qualifications: Exc: [979605637-343119] DoesNotExist ; Total approved HITs >= 1000; HIT approval rate (%) >= 95; CR Research Group #1 >= 100; Location In US;

To read Yphtach Lelkes's full profile check out TurkerView!​

 

If you plan on really keeping it in, using it for long term savings, Fidelity has a triple-advantaged HSA, and Roths

Deductions for contribution, gains and withdrawal at maturity are tax-free for the HSA, and you can get SPY, QQQ, and other very steady indice-tracking funds with cheaper fees and more selection than VOO (Vanguard's product that tracks the same index), fee-wise.

 

There are qualified withdrawals (terminology might be off here), for IRA accounts. Purchasing your first home does qualify for a tax free withdrawal from an IRA. I know for a Roth and I think it also applies to Traditional, but I'd have to check. Depending on his age and the estimated time til he's gonna be dropping bank on a home.. the IRA route may be the best "Set it and forget it" path to accumulating >2% return from a CD.

 

Thank you, all of you! Wasn't expecting the discussion to go in this direction but I learned a LOT and will be changing how I bank in the future. You're all wonderful <3

 

NerdLab Lab Group [ATMRMLDNGYDJT] Study about shared experiences!(~ 3 minutes) - $0.40 | PANDA

Unrated

Unrated

Unrated

$9.60 / hour
00:02:30 / completion time

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Pros:

Cons:

Catchability: Okay (HIT Last Seen: 17 minutes ago)
Qualifications: Total approved HITs >= 5000; Exc: [10945395-343054] DoesNotExist ; HIT approval rate (%) >= 95; CR Research Group #1 >= 100; Location In US;

To read NerdLab Lab Group's full profile check out TurkerView!​

 

i accidentally bought $5 of amc 2 years ago and made a cool 50 dollars during the run up last year

 

No worries. I wish someone had taken me aside and "hipped" me to the game earlier. I had to do alot of reading and paying out to learn.

Key take aways from my ramblings:

Look into Custodial IRAs
Understand the difference between Traditional and Roth IRA
Understand contribution limits with each
Look into qualified withdrawals from said accounts
"quick maff" the ROI between traditional bank CD, municipal funds (I forget their designation off the top of my tired brain), and the IRA route.
Utilize one or a combination of these and JR will be suckling the teet of success before he can even apply the quadratic formula

 

hell yea $25 prolific hit already approved and paid hell yea good day today

 

<3 Fidelity has great "contribute and forget" 529 and IRA funds. Vanguard has similar options, but no HSA, and higher fees.

If you plan on doing anything active, TD Ameritrade has amazing ThinkorSwim Analytics, grand OTC /options, and has everything but an HSA.

TDA is also being merged into Charles Schwab, and they have fantastic customer support. (Schwab was #1 on several metrics over the past 10 years, has award-winning debit/checking services too)