tlh3842 said:

---

You can put it into your 401K account without having it be in the market. Probably good to put it in an account (assuming you already have a broker you like) and then hold onto it there for as long as you'd like (meaning you can wait more than a month to go back in the market).

---

thank you thank you thank you

ProgN said:

---

TAMUworkingAG said:

---

i have lump sum for Texas A&M retirement and want to roll over into 401K, should i wait untill after the Presidential election to roll it over? I just got my check and can i hold the check for a month legally before i roll it over

---

tlh3842 is correct. Open your tax-deferred self-directed IRA and deposit there. You don't have to invest it and can leave it in cash. It will then be 'settled funds' and you won't be restricted on some securities when you're ready to deploy it.

---

is it a good idea to ask my broker to wait until after the election to make any investments with my 401K??

TAMUworkingAG said:

---

i have lump sum for Texas A&M retirement and want to roll over into 401K, should i wait untill after the Presidential election to roll it over? I just got my check and can i hold the check for a month legally before i roll it over

---

It's too late now, but this advice is for others contemplating a rollover:

Pick which institution will receive the funds FIRST, and let them handle the rollover, institution-to-institution. If you personally serve as the intermediary, you risk a lot of IRS hassles, or even drastic tax consequences, even if you meet the timeframes stated. Once you receive the cash, the burden is on YOU to prove that it's not a taxable event.

Depends on your timing on needing the funds and your trust in your broker. Most brokers depending on time horizon will say put it in the market and go from there (or maybe they'll slowly invest it for you).

I think most on this board feel at some point (could even be months after the election) that we're in for a market drop/correction. Especially if it's a democratic victory (not getting too political here but calling a spade a spade).

Yes I already picked and filed paperwork with TRS to roll over to Edward Jones, TRS sent me the check through the mail Friday I'm taking check to them tomorrow. The main thing is I want to make sure my money is not in the market untill After the election.

Yes I will ask him to slowly invest for several months if it's Democrat win, invest extremely conservative sounds like from what I'm reading here

ProgN said:

---

I know I wouldn't be putting new capital to work at these levels, so just tell him/her that you'd like it left in a money market type fund until you're more comfortable putting it to work in equities. It will remain liquid, but earn a little better interest rate while you wait.

---

Wow thank you that is exactly the answer I was looking for! Thank you very much!

harge57 said:

---

Brian Earl Spilner said:

---

Brian Earl Spilner said:

---

Took TNA profits earlier this morning at $43, rotated that back into SMCI at $41.

Been rotating back and forth between the two for about a week. Haven't taken a huge profit on either one, but been taking small gains on both, compounding those wins on each other, and getting shares cheaper each time.

---

Sold SMCI at $43. Bought TNA at $42.15.

---

Time for SMCI to run.

---

Yeeep. Dang it.

Well if the future is anything like the past you should have the opportunity to get back in at $43 at some point (maybe even today).

As I stated I dropped half my position to lock in gains and essentially de-risk my remaining position, will just be slowly moving up my trailing stop on it as we move forward.

https://www.instagram.com/reel/DAw3b_Xyoz3/?utm_source=ig_web_button_share_sheet

This is an AI parody but it's hilarious. It's also eye opening how real AI can create things.

diamond handing SMCI and POWL

lol, and wow didn't know that. I was a bit surprised SNL was "that funny".

Congrats to all the SMCI diamondhands. Wish I had held onto all my shares.

Still got 100 shares and I set that limit to $60.

Well that was sudden

Let's see if SMCI can break through the zone and possibly retest before launching. First target above would be $63

People buying the dip, I'm not, but they are.

Bears trying to fight them off

1% from the all-time high and VIX is at 22. That's wild to me.

Follow up on my post about China last night.

Banks Tap Hong Kong's Discount Window for Most Funds Since 2019 (yahoo.com)

Quote:

---

Hong Kong banks borrowed the largest amount of short-term cash in almost five years from authorities, a move pointing to a sudden demand for liquidity.

The Hong Kong Monetary Authority the city's de-facto central bank loaned out HK$4.79 billion ($617 million) through its discount window on Monday, the most since December 2019, according to data compiled by Bloomberg. Lenders have tapped the facility six times in about a month, with the next largest amount HK$3.3 billion.

The lending comes amid a climb in borrowing costs in the city, where one-month Hong Kong interbank offered rates have climbed to the highest in around two months. Demand for local assets amid a Chinese stock surge has contributed to the increase in Hibor, as supply of the Hong Kong dollar tightened.

---

Expecting a move down like early August where it happened quickly?

Dan Scott said:

---

1% from the all-time high and VIX is at 22. That's wild to me.

---

2007

El_duderino said:

---

Expecting a move down like early August where it happened quickly?

---

I don't know what I'm expecting. For years, I've expected the next top to be a major one that would lead to a very long bear market. Hasn't happened yet. Aug 5th was one of the craziest days in history with one of the largest VIX spikes ever (only been a thing since the 90's though). The Yen carry trade was the culprit in that in the blink of an eye.. it was over. I have no research.. no facts.. no links to point to it.. but I truly think a can got kicked. You don't have a historical unwinding like that and it just be ok a couple hours later. How far was the can kicked? I truly have no idea.

Hang Seng index is down 7% as I speak. This was 35 minutes ago. I posted a link to Dario's blog last night where he in detail explained how Chinese stimulus WAS NOT what was driving the new bull, specifically mentioning CNBC's David Tepper who is mentioned below.

Quote:

---

SHANGHAI (Reuters) -Chinese shares soared to two-year highs on Tuesday, pushing a blistering rally even further as trade resumed after a week-long holiday and investors bet on stimulus supporting the economy.

The blue-chip CSI300 was up 10% in early trade to its highest since mid-2022 and the Shanghai Composite rose 9.7% and hit its best levels since December 2021.

Hong Kong's Hang Seng, which hit 2-1/2 year highs on Monday, slumped 2.8%. The yuan fell sharply to 7.0502 per dollar and five-year bond futures dropped to their lowest since July.

A press conference from the National Development and Reform Commission called for 0200 GMT is in focus for further details of the stimulus pledges behind the market frenzy.

Before the break, China announced the most aggressive stimulus measures since the pandemic and the CSI300 gained 25% over five sessions. Turnover soared as heavy buying strained brokers and trading systems, and last Monday the CSI300 and the Shanghai Composite both notched their largest gains since 2008.

Authorities have cut rates and hinted at fiscal support to shore up an economy that, by Chinese standards, is ailing.

Before the Golden Week holiday break, hedge fund manager David Tepper said on CNBC the moves were encouraging enough that he would buy "everything" on China.

But gains have been so large that others now urge caution.

"China's weighting in the MSCI EM Index rose from 24% in Aug to 30% now, and its continued outperformance may drive a self-reinforcing 'pain-trade' before the year-end," Bank of America analysts said in a note on Monday.

However, they said, the "'buy everything' stage will be over soon," with market momentum, fiscal support, earnings, the U.S. election and further policy settings all part of the outlook.

---

It's ok now. Somebody just hit the wrong button.

https://www.cnbc.com/2024/10/08/china-state-planner-lays-out-further-actions-to-boost-economy-but-no-new-plans-for-major-stimulus.html

Quote:

---

Zheng Shanjie, chairman of China's National Development and Reform Commission, on Tuesday pledged a raft of actions to bolster the country's economy during a highly-anticipated press conference.

But he stopped short of announcing any new major stimulus plans, underwhelming investors and weakening the rally in the mainland Chinese markets.

China will speed up special purpose bond issuance to local governments to support regional economic growth, senior NDRC officials said.

Zheng said ultra-long special sovereign bonds, totaling 1 trillion yuan, have been fully deployed to fund local projects, and he vowed that China will continue to issue ultra-long special treasury bonds next year.

The central government will release a 100 billion yuan investment plan for next year by the end of this month, ahead of schedule, a senior official added.

Zheng also promised that more measures are coming that aims to support the property market and boost domestic spending.

---

ProgN said:

---

https://www.cnbc.com/2024/10/08/china-state-planner-lays-out-further-actions-to-boost-economy-but-no-new-plans-for-major-stimulus.html

Quote:

---

Zheng Shanjie, chairman of China's National Development and Reform Commission, on Tuesday pledged a raft of actions to bolster the country's economy during a highly-anticipated press conference.

But he stopped short of announcing any new major stimulus plans, underwhelming investors and weakening the rally in the mainland Chinese markets.

China will speed up special purpose bond issuance to local governments to support regional economic growth, senior NDRC officials said.

Zheng said ultra-long special sovereign bonds, totaling 1 trillion yuan, have been fully deployed to fund local projects, and he vowed that China will continue to issue ultra-long special treasury bonds next year.

The central government will release a 100 billion yuan investment plan for next year by the end of this month, ahead of schedule, a senior official added.

Zheng also promised that more measures are coming that aims to support the property market and boost domestic spending.

---

---

Read my link from last night. This is not stimulus. China knows stimulus will fail as it always has for them, hence why they are "stopping shy" of announcing it. They desperately need their people to invest in their economy and the people don't want to. So they are trying to incentivize them with leverage. But this is even more than that as you will read in the link. This is hedge fund shenanigans on a massive level.

I did read it and I posted that article because it backs up your opinion.

Sharpest VIX increase in Hang Seng Index since COVID. And on a quicker pace, starting on Sep 20th. Today is the first day of the current spiking cycle that HSI isn't going up with the volatility spike. Every other spike on this chart was with HSI going down, or it went down shortly after. 2015 is the most similar, with volatility spiking up with a bull trend and then HSI topping and rolling over into a 1-year bear market. This spike is bigger so far. S&P was mostly flat or melt up when this happened in 2015, though I'm not sure there's any correlation to be gleaned, just thought it was worth mentioning. Will be interesting to see where stocks like BABA are tomorrow morning. Good night.

And then right back down to around -9.5% on the day

SMCI $50