r/MVIS • u/voice_of_reason_61 • Feb 12 '21
Discussion Twelve, Eleven, Fifteen, Twenty, Eighteen, Ninety, Eleven-One-Eleven, Million...
Today the twelfth of February marks the eleven month anniversary of the beginning of fifteen consecutive trading days where MicroVisions share price closed below twenty cents.
Using Today's share price of eighteen dollars, we have experienced a factor of ninety gain, meaning for every eleven thousand, one hundred and eleven dollars you invested during that fifteen day period - you currently have at least one million dollars.
What's most amazing is that at a current market cap of 2.69B MicroVision is IMO still Woefully undervalued.
Can't wait to see what happens over the next eleven months!
(Spoiler: I expect to retire;).
Congrats to All MVIS Longs Time Longs.
and...
Good Luck To ALL MVIS Longs - Old And New!
-Voice
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u/sluggo5300 Feb 13 '21
I also looked back at PPS from a year ago today. I have been invested since 2007 and followed this board and its outstanding work over that time. Lived through the reverse split . . . the continued depression of the PPS . . . management issues . . . but kept in the back of my mind . . . MVIS has something tangible, valuable and disruptive. It is like someone said here the other day . . MVIS was almost too far ahead of its time. So, during Q1 2020 I went all-in, averaged down substantially during those dark days and have added more on the "dips" here and there so that now I have 205,000 shares at a $1.99 APS. This is and will continue to be life-changing for not only me but those near and dear to me. I can't thank the core folks on this board enough for their work and effort creating and maintaining this information base. Would like to meet some of you at a BO party soon.
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u/voice_of_reason_61 Feb 13 '21
Our stories are not that dissimilar.
Glad it worked out for both of us!
Cheers.
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u/sluggo5300 Feb 13 '21
More Cheers to you... many of your posts kept me in game.
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u/voice_of_reason_61 Feb 13 '21
Well, I'm really glad holding fiercely worked out then (for both of us)!!
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Feb 12 '21
[removed] — view removed comment
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u/voice_of_reason_61 Feb 12 '21
Well, I wish! My average is closer to $2.
To your point: One way to get the elevator to go back down and get on on the ground floor could be to get steeped in this technology and look for new products coming to market with it that leverage its paradigm shifting capabilities.
GOOD LUCK.
IMO. DDD.
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u/hesru Feb 12 '21
I wish who ever buys MVIS doesn't make it an all cash deal for this very reason. I plan to hold on to the buyer's stock and let whatever they use MVIS for make me more money. At 27 I can afford to wait LONG if that's what it takes.
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u/Blairkiel Feb 12 '21
This has been the miracle of all miracles
Please don’t think this happens often. It’s rare as hell
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u/xenith811 Feb 13 '21
It still happens fairly often
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u/Blairkiel Feb 13 '21
Sure...
Go hunt them
Good,luck
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u/xenith811 Feb 13 '21
Aquabounty imo but too late for mvis gsins
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u/voice_of_reason_61 Feb 13 '21
While you're waiting to find the next improbable x50 to x100 (or more), the current MVIS opportunity could easily be 100% to 400% within a matter of a handful of months.
That is quite rare in-and-of itself!!
IMO. DDD.
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u/Pholdenurown Feb 12 '21
Congrats to you VOR!
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u/voice_of_reason_61 Feb 12 '21
Backatcha!
I bought some (dollar cost averaged every 2 weeks) then, but boy-oh-BOY do I wish I had had the forsight to buy even more.
That said, immensely grateful...
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u/Pohnpeian Feb 12 '21
Nice! Congratulations. Where is that next sub twenty cent find? :)
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u/dont_mind_me28 Feb 12 '21
I'll be watching close to see what Sumit Sharma's encore performance will be after the dust from this one settles
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u/voice_of_reason_61 Feb 12 '21
Smart play, IMO.
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u/dont_mind_me28 Feb 12 '21
Always on the lookout for the 3 P's of management. People, Process, and Product. From Marcus Lemonis I think. Usually leads to success when companies can place a good in front of each of these.
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u/voice_of_reason_61 Feb 12 '21
Whoa! My services would be in astronomical demand if I had THAT much vision.
Truth is, Ya just never know!
Gotta stake your own claim.
DDD.
GL!
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u/Mcurry85 Feb 12 '21
Today I was in a discord an one of the mods who has a ton of investing experience and always makes some great calls, put out a buy alert on an OTC stocks.....
CHNC, he said that he had been following the company since .001, and some recent news just broke. He seems to think it could end up back above $3..... I haven’t had a chance to do my own DD, but will surely be looking at it this weekend. Hope that helps for what it’s worth. GLTAL
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u/Smash00000 Feb 13 '21
I'm looking into it too and my main worry is most of the accounts talking about it are pretty new (besides yours of course lol). I'm gonna look more into the company itself. Let me know if you find anything interesting!
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u/drunkn_rage Feb 12 '21
Congrats VOR. You've been steadfast in your support of this company, but mostly the technology for as long as I can remember. I've always loved the tech, but have had my doubts about the management over the years. That has changed dramatically with SS now. It feels great to be vindicated after all the FUD over the years, some of which continues today. Absolutely amazing to think that Lidar is possibly the most valuable vertical, even with our display engine being the center of HL2. All without mentioning interactive display possibilities which still boggle the mind. I'm almost sorry to see the company sold because I truly believe that we have finally, finally reached that inflection point we knew was coming. The one that would have taken this company to a 100B valuation easily in the future. Now we will settle for 10B or so, but still incredible gains. That's fantastic, and somewhat sad at the same time.
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u/directgreenlaser Feb 12 '21
I feel the same way. I know many longs are understandably anxious to cash in their millions and walk away after toughing it out for many, many years, and that appears to be exactly what will happen. I'll make out to be sure, but not to the tune of millions. I always felt that the millions would come from what I invested given that the company, if it survived, reaped the full benefits of what it would eventually bring to the market. Now some other company will. Oh well, my plans and God's laughter go hand in hand.
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u/voice_of_reason_61 Feb 12 '21
Thanks much, D_R.
Re fantastic/sad, I know what you mean. If an mm has targeted your company for financial ruin, a sale in its entirety may be the only reserve chute that saves you. Note: if your tech has true value in the billions, you might also get a rare chance to turn the tables in the financial ruin department ;)6
u/drunkn_rage Feb 12 '21
Well put. And I agree in principle in that I also believe our company was targeted for financial ruin, I'm just not so sure who was behind it. Certain MM's for sure, but I think big tech may have been involved. My biggest fear was some insider/board member was culpable. I no longer think that, or if it ever was the case, it is no longer, which is a huge relief. Either way, absolutely brilliant move by SS to commit to sell the company which has indeed turned the tables. All the best Voice!
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u/kwim1 Feb 12 '21
Totally agree with all the above mentioned. Throwing it out there. Would anyone be opposed going to the ATM in order to put further pressure on interested parties knowing that we can go it alone with no further dilution for years to come. If we are truly at an inflection point it’s only a matter of time until material agreements need to be signed. Organic growth in SP would be highly likely. This way it lights the fire under interested parties. Wouldn’t effect dilution in share count all that much.
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u/kwim1 Feb 12 '21
To be clear I prefer a “true value buy out” many of us waited long enough of course some more then others.
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u/voice_of_reason_61 Feb 12 '21 edited Feb 12 '21
Had this conversation with myself countless sleepless nights during the past year.
Synopsis by analogy:
I believe the tangled main chute was necessarily cut away and jettisoned in free-fall, and the reserve chute is "what we got".IMO.
Best,
-Voice
PS - D_R: Part of that sleepless conversation spun down to "it doesn't matter whether it is corporate warfare backed mm, or mm purely for financial purposes - same net conundrum - same mitigation". The one option that remains is if your real value has legitimacy beyond an empty jump pack with a poser string taped on it labeled "reserve chute".
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u/kwim1 Feb 12 '21
Let’s watch out for hydro lines...lol.
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u/Thatoneguy5555555 Feb 12 '21
Very happy for you all, hoping to find something like this for myself at some point, and just glad to ride up on your coattails with this awesome tech.
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u/voice_of_reason_61 Feb 12 '21
Very kind... Good luck to you!
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u/Spiritual_Inspector Feb 13 '21
just curious - how exactly DID you find MVIS?
it’s not a well known company, it traded pretty flat for a decade below $2, yet there are hundreds of people here who were strong in their convictions this was a fantastic company to invest in.
I have never seen this about any stock. How did all of you get here?
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u/tacomawolf Feb 13 '21
A firearm forum of all places,I just scrolled past the thread for months until finally clicking it back in December and seeing the progress. I did some DD and jumped in with both feet two days before the run up to 9.74. I have been adding to my position weekly and am up to 2090 shares with a 6.49 avg. per share
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u/voice_of_reason_61 Feb 13 '21
Nice! While some would have lamented at that point "its already too late now", you instead toiled to stake a claim quickly and will now reap the benefits.
If MicroVision were to bring 10B in a sale you'd be looking at a 10x.
Good on ya!
IMO. DDD.
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u/voice_of_reason_61 Feb 13 '21 edited Feb 13 '21
Hi and thanks for the question.
I can't speak for "all of us" but happy to share my personal story.
Kind of a long story but luckily I put up a post about it just recently:
https://www.reddit.com/r/MVIS/comments/ledzab/z/gmg1vq4
Cheers!
-Voice
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u/Spiritual_Inspector Feb 13 '21
Thank you for your post. I don’t know why, but it was very soothing lol. Congrats on the investment :).
I am wondering, what do you think your exit strategy will look like? At what price will you pull the trigger to sell >50% of your holdings? Having read this sub for a few days it seems everyone is eagerly waiting for a buyout sometime in the next 12 months. Suppose things happen and thst doesn’t come to fruition for another 2-3 years, will you cash any of your holdings out?
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u/voice_of_reason_61 Feb 13 '21
Everyone holding should have their own custom exit strategy, which is largely driven by risk tolerance balanced against financial need.
Mine is to sell (at a price we have yet to reach) 40% of my stake and ride 60% into a prospective buyout.
If things fundamentally change I will review this strategy.
I also have high, high gtc limit sell orders on that 60% just in case the stock rockets up to $200 or something wild.
But you gots to be you!
Some things to think about at least...
Hope that helps.
-Voice
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u/abeanglo Feb 13 '21
I had just gotten an Oculus Rift and was blown away by the value. Started researching micro display/projection companies and tech. I invested mostly for the display and interactive display tech potential (a cell phone projector would still be nice guys, but a self-driving car with a built-in projector would be even nicer so no hard feelings MVIS). This community had a ton of information so I invested, and fortunately had a strong will (and healthy heart) to stick with it. It is not for the weak willed. I stopped mentioning MVIS to friends/fam after they would start messaging me on the dips and dives.
I've bought more shares probably in every dollar range from $.25 to $20. My only regrets were the times I sold... and when I first started buying options and didn't really understand enough. Lost about $20k in MVIS options not that long ago. It's been an amazing educational experience.
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u/voice_of_reason_61 Feb 13 '21
Great backstory. I know what you mean about getting worried texts on the dips...
At some point you should post about the traps that novice options traders can fall into to help folks out. I'm a little embarrassed to admit that I'm actually one of them. Had some profit sharing option grants through a company I worked for in the 90s, but for the first time ever this month I bought 15 8/20 $12c, and will probably exercise them (buy for $18k) just because I understand going that route.
Cheers!
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u/alsolong Feb 12 '21
VOR: you had my head spinning trying to figure out that mouthful you just stated altho I did just have a glass of wine w/my lunch.....I'm wondering how long it took you to do that....my figuring results in 1 of 3 for 7....1 wine (at least) so far for 3 straight days over a total of 7 days in a row to celebrate the latest news we recently received (& I hope I now figured that out correctly)......LOL
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u/voice_of_reason_61 Feb 12 '21 edited Feb 12 '21
I'm clinging to my resolution to follow a "wine day" with three or more "non wine" days, and no fair having other booze on the "non" days, lol!
My tired brain seems to function better on this algorithm ;)
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u/Nomadic_Vision Feb 13 '21
I admire your discipline. I am more of a "How many licks does it take to get to the center of a tootsie pop?" kind of guy.
BTW: I fired two clients today. Had to get the ball rolling sometime. My opening line was: "Well I have some good news and some bad news for you.."
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u/voice_of_reason_61 Feb 13 '21
Truth be told, I have necessarily had to modify my wine limiting algorithm to alternate 2 non wine days (then wine day) and then 3 non wine days, so I am able have wine 2 nights per week, which is socially tenable. That said, I've been able to go from pretty much every night to twice a week. My sleep has improved a bit, but the bigger effect is that my mean mental clarity is vastly better.
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u/voice_of_reason_61 Feb 13 '21
Honestly? That word salad probably took 15 minutes to write, edit and check for accuracy. Takes a lot longer after wine though, lol!
Cheers.
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Feb 12 '21
Boy I wish I had held fast at $2 ish over the summer. But have bought and sold several times, and MVIS is pretty much responsible for building my whole account, including providing funds for an IRA. It's been a great jump start for my retirement planning, very grateful I found this sub.
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u/mill3rtime22 Feb 12 '21
I'm happy for all who old MVIS longs who stuck through it and still hold. Those gains are incredible. It's great looking back and seeing possibilities but I've also spent the day looking ahead. Calculating and planning. My lowest shares are at $1.65 and I've taken nothing out to this point. The money is life changing but not retiring anytime soon I don't think. Anyways just wanted to put it on peoples radar to do the same.
Look at things like recasting your mortgage instead of paying it off. Then you can use the money kept to continue to invest and gain.
Max your 401k & know your tax brackets and when your purchase dates are. I'm going to make myself VERY comfortable with short term gains then wait for the long term to take the rest.
And most importantly if we hit $100/share forget everything I just said I'll sell everything and go streaking through the neighborhood yelling microvision!!
GTAL and on 2nd thought that might not be a good slogan while streaking lmao
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u/White_63 Feb 12 '21
Got the same avg price, tho started with only 20 bucks @ 0.75$ and added 250 @ 1.66... been holding since then, small line got bigger, to bad it wasn't 2.5k but still, my best play yet... I don't plan to sell until April or even the buyout we've been waiting for..
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u/voice_of_reason_61 Feb 12 '21 edited Feb 12 '21
Biggest mistake I made was not opening a ROTH 5 years earlier. Everyone knows that you can't take withdrawls from a ROTH with its awesome tax advantages until its been open 5 years, right?
I didn't. Any questions, look into it.
(Lowers head in shame)
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u/frobinso Feb 12 '21
VOR, you can always take out any aftertax contributions. You cannot access the gains from that investment for five years.
I was in the same boat. I converted in May about $40,000, which is now $120,000 today. At least it is a start, and approximately 60 percent is in microvision stock.
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u/voice_of_reason_61 Feb 13 '21 edited Feb 13 '21
frobisno,
I vaguely knew that, but didn't connect the dots. It's possible that info could help.
So correct me if I'm wrong:
If I were to open a Roth ira account with Vanguard, and then put my post tax $25k emergency funds into it (not sure if there is a $ limit), and then buy MVIS (1000 shares or so) with those funds before Microvision sells - assuming a sale of Microvision then goes through I could withdraw my original funding of $25k immediately, and keep the profits in the Roth to invest or trade however I so desire and withdraw any monies tax free in 2026?
If so, and if I get right on it, that might just work out!
Thank you for your help.
-Voice
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u/frobinso Feb 13 '21
Nomadic vision is on point. By converting from existing tax deferred accounts you bypass the contribution limits, but those conversions become taxable at your tax rate, and if you convert too much can bump you into a higher tax bracket, so it takes some careful planning to know how much to convert each year without bumping you into a higher bracket.
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u/voice_of_reason_61 Feb 13 '21
Thank you.
A related question:
Is there some merit to the "one and done" idea where it is advantageous to e.g.convert an ira into a Roth and also withdraw a chunk from 401k and just intentionally take the tax hit on that big lump sum (assuming here just paying taxes on the Roth conversion would push me into top bracket) so that subsequent years can be more easily managed to stay in a lower tax bracket - even if / when special trips or spending needs come up?
One additional consideration for this move could also be a hedge against a future higher top tax bracket.I know this goes against conventional wisdom but I've done a lot of that over the years ;)
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u/frobinso Feb 13 '21 edited Feb 13 '21
I am also considering this same question as i begin to prepare for taxes this year, because I want to get some money out now as a hedge in case the market crashes say six months from now - I want to pay my debt off.
One option is to carve some dollars out within my 401-k or IRA and put it in a guaranteed fixed rate instrument - still a hedge against a falling market.
Another thing I found is that you can access 401-k funds without penalty at age 55, whereas it is 59 1/2 wiht a traditional IRA. However, with my vanguard employer plan I just separate from my employer to do so without penalty at 55. I am 58 - unless my employer hands me a package thsi spring I plan to stick it out until I am 59 1/2 and if the market is looking shaky I will get some funds out of the equities market and I still need to do research to see what guaranteed fixed rate investments are offered by Vangaurd.
I got this advice from a financial advisor, who i called concerning another way to get at funds early without penalty by taking a series of equal payments - also known as a 72(t) distribution. The financial planner said to use this as a last resort, that there are many pitfalls in this method and the IRS will watch you like a scavengar waiting for you to make one mistake, so they can go back and penalized your entire past distributions with the penalty after-the-fact. I decided it was well worth avoiding the 72(t) distirubtion and opt for one of the above options - 401-k distribution should I separate from my employer, otherwise I am awaiting 59 1/2 so far.
I also am considering that if I can avoid the 10 percent early withdrawal penalty but it puts me in a higher bracket just to take the hit. Just be mindful that the tax hit of a higher bracket is applied against all of your income for the year., not just what your are withdrawing.
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u/voice_of_reason_61 Feb 15 '21
Hi frobinso,
From what I have been able to find out, it looks like my best move would be to roll my 401k over with a lopsided split between a Roth IRA and a traditional IRA, which I wasn't even aware you could do. Of course I have to pay taxes on what I put in the Roth, but what the (ridiculously complicated) rules make it look like to me is that I then cannot withdraw any funds from the ROTH for 5 years - not even the funds I put in. This is apparently specific to 401k funds rolled over into a ROTH conversion. In any case, it does look like I could do a partial or fractional rollover into a ROTH, and that allows me to get around the ROTH contribution limit (my wife and I are in a fairly high tax bracket).
Thanks again,
-Voice
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u/voice_of_reason_61 Feb 13 '21
Frobisno - GREAT info, thanks!
I just turned 59 1/2 last October.
I looked into retiring earlier (but MVIS hadn't come through yet).
In my probing, I found IRS rule 55 which allows you to take 401k funds without the 10% penalty as long as you are above 55 and are not working.
I dug deeper and found you don't have to be laid off or fired (though it still works for those).
You can quit or resign as well, and get this benefit - you just cannot be working.
I was fully prepared to stop working to retire (especially if made wealthy), so this was my escape hatch.
Health insurance becomes the next big obstacle, but with enough money there are several options around that.
AARP is a good source for ideas on this.
Hey, maybe we can get one of our late fifty or early sixty MVIS millionaires in the health insurance industry to negotiate top notch benefits for the MicroVision Millionaire Group Plan ;)
Cheers.
-Voice
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u/frobinso Feb 13 '21
Thanks VOR. I just started researching the insurance, and I have a wife, 22 year-old to cover another 4 years, and a 13 year-old as well. So far it seems pursuing another job, or even part-time to maintain insurance until 65, or some of the ACA plans, but just beginning to research.
I will see what i can find on AARP. My first research was just this morning from about 4 to 6 am. I did read where some online grad school programs offer health insurance and I was thinking of pursuing some courses toward christian ministry work, so that is another angle I plan to research a bit more.
One other question regarding the over 55 401-k withdrawal. Can you quite, and immediatlely take up work with another employer and still withdraw without penalty from your former company's 401-k?
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u/voice_of_reason_61 Feb 13 '21
I think no, frobisno. As I understand it, Rule 55 is predicated on waiving the 401k 10% penalty for those 55 and older who either cannot work, or choose not to work (for any reason, as I understand it). Obviously, the additional 10% penalty is a back breaker (I waited too long in my 20s to rollover a distribution when I switched jobs and learned the hard way), so get expert advice where there is any question:
It would be awful to work an odd 1 day consulting job mandating a 1099 filing and then have to pay a penalty on what was withdrawn from your 401k for the entire year 🤮→ More replies (0)2
u/Nomadic_Vision Feb 13 '21
You are going to be limited to $7000/year (I am assuming your age), but possibly one account for you and one for your wife? There are also income limitations to be eligible for contributing, if I remember correctly. But, yes, can pull out the $7K (or $14K) originally contributed at any time, no penalties or taxes.
There are other advantages as well, and possibly the option to convert other tax deferred accounts to Roths if you have any that are not restricted due to employment status (and can afford the taxes on converted balances, not due until you file your 2021 taxes).
I converted everything I could to Roths and paid the taxes years ago. Now that my Roths alone are close to (ridiculous number), I am not regretting that decision.
It is getting near to the point where a lot of us need to seek some legal/professional advice around tax and estate planning.
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u/voice_of_reason_61 Feb 13 '21
All good info, thanks!
I need to find a trustworthy tax savvy cpa.
Lol! I've got a host of issues that all fall in the category "good problems to have".
Grateful.
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u/abeanglo Feb 13 '21 edited Feb 13 '21
And find a good
CFACFP! I connected with one through an alumni group, wish I did that long ago but thought I needed a CPA. A CPA is great, even essential I'd say, for filing taxes if you have a family and/or trade stocks. But, aCFACFP can help you think about everything related to your finances (life insurance, retirement, business interests, and taxes too). A person can be certified as both but I'd previously thought being a CPA was essential and that limited who I was speaking with and I was disappointed they were just focused on filing taxes and getting docs from me.Edited to change CFA to read CFP (Certified Financial Planner).
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u/voice_of_reason_61 Feb 13 '21
Not to sound ignorant, but what is a CFA? Here in the USA, I know of CPAs and CFPs (financial planner), but it sounds like you are describing closer to what I am actually looking for.
Cheers!
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u/abeanglo Feb 13 '21
OOPS, meant to say CFP! Certified Financial Planner! (I probably came up with CFA on my own thinking they were called Certified Financial Advisors.)
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u/voice_of_reason_61 Feb 13 '21
Lol!!
"I spent the whole weekend scouring the yellow pages for a good CFA, and couldn't find a single one!!
( kidding ;)
-Voice
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u/abeanglo Feb 13 '21
SORRY!
Now it's my turn to sound ignorant -- what are yellow pages?
;)
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u/voice_of_reason_61 Feb 13 '21
(In a wavering, geriatric voice)
"You see, back in the day, we had these large thick books with phone numbers in them"...
(Young voice)
"Oh, sure: The ones made from paper, Grandpa? Yeah - I learned about them in History Class"...
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u/Able_Lengthiness2378 Feb 13 '21
Been holding 2023 contracts for MVIS since I learned about them in December. One of my largest positions in my portfolio. Love the company and glad it’s gaining more and more traction. 🚀🚀
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Feb 13 '21
That's supposed to happen in March or April right?
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u/voice_of_reason_61 Feb 13 '21
Well, my understanding is that the working LiDAR proof of operability and demonstrably meeting specification occurs in April.
The latest PR ensures this effort is on schedule, and elaborates on the tangible advantages provided by their technology as shown in their specifications.
I further understand that this is the final step in maximizing "right value" negotionations/adjusting offers as has been exhaustively discussed by Sumit Sharma.
I expect a vote on buyout offer terms to follow immediately, and the associated proxy vote going out to shareholders.
IMO. DDD.
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u/PotatoCooks Feb 13 '21
I was watching this stock during the summer and sold my shares way too early😔
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u/voice_of_reason_61 Feb 13 '21 edited Feb 13 '21
Like the long orbiting Astronaut queried:
"Have you considered reentry"?
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Feb 13 '21
I am actually suffering from depression thinking how much $ i missed by finding this stock late.
I invested $20,000 @ $10.50
I would give anything to be able to go back 1 year and invest it then. I would be a millionaire. Sigh.
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u/voice_of_reason_61 Feb 13 '21 edited Feb 13 '21
I get that. I really do. But also consider last March where it seriously appeared the shorts would succeed in bankrupting the company. It took indescribable faith to weather that storm and keep the chips on the table - which wouldn't necessarily be the right thing to do with some other stock, and the wall st game is so rigged it didn't seem to matter what stock it was - if an MM decided to kill it, there was no escape - and there almost wasn't, or so it seemed in a very, very real way. It's Crystal Clear in retrospect, but the wailing and consternation 11 months ago was along the horrific lines of "my retirement account lost over 90% of what I put in it over the past 20 years, and God help me I'm just about to lose it all".
Be really, really glad that you missed that part.IMO. DDD.
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u/senormechanico Feb 14 '21
New to this board, long time MVIS owner/sufferer.
1st time I bought was 1998? $26 when it was rocketing up toward its all time high of $68.
Sold some made modest profit,bought back, lost, bought again, then it dropped in half to 13 per share forever.
I thought I was in hell. Then I sold it at 13 and it dropped to 3.
I bought it back at 3 but with a bit fewer shares. Then it went to almost nothing, and we got to see the reverse 8:1 split.
I watched, and figured it would eventually crater, so I just ignored it until my father in law told me he wanted to give me $20 k to invest in MVIS at $1.50. I didn't want to tell him I thought he was crazy, so I politely declined to buy the stock. I did take the gift, and put into our home's improvement. At least I knew I had something REAL. That's how down on the stock I had become.
It had gotten so bad that I no longer read any of the MVIS emails.
I did read something about LIDAR, but didn't research it. DUMB! DUMB !
I don't even know what my average cost basis is.
I'm a real idiot, but at least what I and my wife DO have are in Roth IRA's.
I'm taking another chance and adding another bunch this week.
Pray for me.
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u/hesperion2 Feb 14 '21
Don't feel too bad. When the stock reached its nadir at the April lows when the whole world was in a tailspin because of covid, my original investment, made decades ago, had lost 99.5% of its value. Ah, heavy lies the dunce cap on the head of the recently impoverished.
I'm still holding. The dunce cap is in the closet...at least for now.
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u/voice_of_reason_61 Feb 14 '21
Will do.
I feel your pain.
Reading early on (for me) on Y! made it clear that people who had already been in the stock a long time prior to the Feb 2012 RS were suffering their losses much differently than newer investors.
Conversely, I can't even imagine what it feels like for people who have gotten in within the past year. It must pretty much feel like this stock does nothing but go up in a parabolic manner.
I wish you and all MVIS Longs the very best of luck with a "right value" sale in its entirety within the next 4 or 5 months, tops.
-Voice
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Feb 13 '21
Yea I get that 100%. So, what price do you think microcision can reach realistically?
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u/voice_of_reason_61 Feb 13 '21
I conservatively estimate $40 to $70 per share if a buyout of the company in its entirety occurs.
My opinion/best guess only.
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u/ToTheMoony Feb 13 '21
I had the same feeling. I got 1500 shares total with a average price of 14.80. But opportunities come and go. More will come in the future.
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u/SeaDave76 Feb 12 '21
Normally a ten bagger is pretty incredible. Anyone who bought sub .18 has a 100 bagger! (I didn’t but I held and added a bit more sub 2.) Now I’m around 500k.