I just opened a Roth IRA, and am ready to invest in the stock market

N-Smooth said:
I don’t know about you guys but my investment accounts really appreciate the election news. I hope we can keep this up… 🤣
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My 401K, company stock options AND personal investments jumped significantly yesterday.

My 401K saw the best returns ever when Trump was in office last time... upwards of 30%. Hoping to see that again for a healthy retirement!
 
I need to read through all 27 pages at some point, but in the meantime-

Does anyone have a trusted financial advisor in the SLC area? I need to get myself and my wife set up with someone who can send us in the right direction. PMs are fine if you don’t wanna put someone’s info out in the open.
 
Johnny Quest said:
I need to read through all 27 pages at some point, but in the meantime-

Does anyone have a trusted financial advisor in the SLC area? I need to get myself and my wife set up with someone who can send us in the right direction. PMs are fine if you don’t wanna put someone’s info out in the open.
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@Gary T on here is a great option.
 
Greetings, fellow investors. Calendar year 2024 is drawing to a close, so it's time once again to assess the performance of our portfolios and see how we are tracking relative to our individual goals.

According to Seeking Alpha, the S&P 500 is up by 23.97% for the year to date. My 401k and HSA accounts saw similar gains (up +26.17% and +29.48% respectively), which is no surprise since they are invested entirely in large cap US market index funds. Good news there.

My Roth IRA is another story. :( I wasn't able to add any funds to it whatsoever until just a few weeks ago, when I finally scraped up $700 to contribute. Needless to say, this put a large dent in my dividend growth for the year.

End-of-2023 average monthly dividend income: $224.21
Goal for end-of-2024 average monthly dividend income: $290.00
Actual end-of-2024 average monthly dividend income: $255.11

Just like last year at this time, once again I find myself not sitting on a large stockpile of cash that I can deposit into my account on January 1st. On the plus side, we can contribute for the 2024 year until April 15th 2025... so I am planning to dump my March bonus and any tax return money into my IRA before that date. Hopefully it will help me reach my goal of $315/month average monthly dividend income for the end of next year.


How are the rest of you guys doing?
 
My 401k ended at 22% for 2024, some pretty strong gains overall but a few dips that pulled it down along the way. Not the best year I've had, but 22% isn't terrible.

I do have some overseas investments in my 401k, curious how tariffs might effect those. I'll watch them and see what they do 6 months in.
 
Greg said:
My 401k ended at 22% for 2024, some pretty strong gains overall but a few dips that pulled it down along the way. Not the best year I've had, but 22% isn't terrible.

I do have some overseas investments in my 401k, curious how tariffs might effect those. I'll watch them and see what they do 6 months in.
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My overall portfolio is up about 19%. Anson did not help it any this year. Hopefully they get some of their permitting done under the administration. Mineral rights were better this year than last year.
 
Dec numbers aren't showing up for me but as of Nov i'm up +24.62%!

Whats crazy to me is how fast the balance is going up with the new job. We get 17% of our income contributed (not matched) going to 18% in Jan. My current 401k account at 18 months is worth more than my po-lice one from 9years! Still have a lot of making up to do, but it's certainly helping.
 
TRD270 said:
Dec numbers aren't showing up for me but as of Nov i'm up +24.62%!

Whats crazy to me is how fast the balance is going up with the new job. We get 17% of our income contributed (not matched) going to 18% in Jan. My current 401k account at 18 months is worth more than my po-lice one from 9years! Still have a lot of making up to do, but it's certainly helping.
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Wow! I’ve never heard of such a high contribution. Good for you!
 
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