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Maybe this is reflecting on experiences with people I know in my life, but I hope Dr Jekyll and Mr Hyde isnt bipolar and "candles" isnt a poo poo load of weed. Thats what it sounds like to me and... those things really dont mix well.
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Nov 15, 2023 01:50
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Also keep in mind balance transfers almost always have a fee. Something like 3% isn't uncommon, and these fees apply even if they give you a 0% APR for some period of time. I agree that those offers are basically tempting you to go deeper into debt. They want want you to think "OK, now this debt isnt a problem I have to think about for a while" when in reality you may find yourself even less able to pay it off when the deal expires and interest starts hitting. Executed perfectly, transferring balances around may help for a short period of time, but the bank wouldn't be making these offers if the numbers weren't to their advantage on net.
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Nov 15, 2023 02:49
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When this came up in the Long Term investing thread, a couple people mentioned Fidelity Full View. Its free if you have a Fidelity account, and should work on desktop and mobile. As far as having most of the Mint features you want, I cant comment on that since I haven't used either service. Also, regarding Credit Karma, are you sure it doesnt support the features you need? This page makes it sound like it might: https://www.creditkarma.com/lp/mint-to-credit-karma-net-worth It doesnt have an explicit budgeting feature, but you can see your current months spending broken down by category.
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Nov 18, 2023 22:56
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vortmax posted:Okay y'all, so back in the summer of 2001 I worked for Walmart in Norman Oklahoma in the deli. I'm pretty sure I put money from each paycheck into the The stock plan is (currently) administered by computershare: https://www-us.computershare.com/employee/login/selectholdergroup.aspx You might try going through the process there to set up or recover your account.
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Nov 19, 2023 00:56
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the pay yourself first budget works well for me: I put about 20-25% of my gross income into tax advantaged retirement accounts via automatic contributions, then dont stress about the rest obviously, that wont work for everyone, but its nice to get there
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Dec 3, 2023 21:15
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Are you sure you aren't eligible for unemployment? What state doesn't provide unemployment assistance to people who were laid off? Or did you already get it and are no longer eligible? You may want to contact your county social services office to find out what is available to you. These programs are going to vary a lot depending where you are, but its very likely you qualify for some sort of assistance. See also https://www.benefits.gov/ And you may qualify for EITC: https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit-eitc Some states also have programs similar to EITC. Also, I agree that it sounds like you should take any job right now. No one really wants to step down in income from what they previously earned, but it sounds like even a few hundred dollars a week of income would help.
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Jan 9, 2024 18:21
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Busy Bee posted:[*]Announcement Date is when it's available on Fidelity / Vanguard to purchase and settlement date is when it hits your account after you buy it, right? Yes, kinda. Settlement date is when the money is taken out of your account and the treasury is put into it. Fidelity actually shows it in your account after the auction takes place and the bond is priced, but I suspect that is mostly just UI - you wouldn't be able to do anything with it until the settlement date. Yes ("zero-coupon" bond) Yes Very liquid. You will lose a little due to bid-ask, and small lots usually get worse prices than large ones. Neither is a big concern in my experience, and if you hold to maturity the secondary market is irrelevant.
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Jan 18, 2024 17:04
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Busy Bee posted:Also, based on the following Announcement Date, Auction Date, and Settlement Date Auction is in the AM, Eastern Time. Some brokerages may accept orders early morning on auction day, but you should generally be placing orders at least 1 day before the auction. Brokerages will accept orders for treasury auctions even when the market is closed, so in this case you could put in your order on the weekend.
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Jan 18, 2024 19:03
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It looks to me like you are doing reasonably well. What would you say your current expenses are? You mention $29k as your annual disposable income, but then mention that $24k is 6 months of expenses + some extra. I think the biggest unknown is potentially buying a condo. It wouldn't be possible in a HCOL with your current income/savings rate, but it sounds like you like somewhere less expensive.
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Jan 19, 2024 16:07
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Busy Bee posted:Thank you everyone. I have a few more questions: Fixed income investments (bonds, CDs, etc) can serve a number of purposes:
For inflation protection, I bonds are a really nice choice as they are both inflation *and* deflation protected (they can never decrease in real or nominal value). TIPS are good too, but more complicated and not deflation protected. As mentioned above, fixed income investments that aren't explicitly inflation protected will mitigate the effects of inflation, but may fail to keep up with inflation, especially unexpected inflation. Whats not on the list? Maximizing portfolio returns. While it is nice to earn 4 or 5% on treasuries right now, the yield alone should not be why you are investing in it.
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Jan 19, 2024 16:31
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pmchem posted:given that info, I'd probably not worry about bond ladders at all tbh. you probably don't even need a bond allocation. but if you want a bond allocation, since you have time, you could just park that % in $bnd or some other intermediate to short term fund. makes life easier and never know, might benefit from interest rate drops. people in the long term thread may have additional suggestions. Bond ladders are fun if you like to tinker, but they do add complexity. I'm personally building an unnecessarily complicated one with Fidelity's auto-roll tool. I agree about the ETFs as being an easier path to holding bonds - its a single asset, usually with monthly cash flows, and you can buy them in small increments. Here's a few bond funds worth looking at off the top of my head. Over long periods of time, you should expect the longer duration funds to return more at the cost of increased volatility. Ultra-short duration treasury: SGOV, XHLF Short duration treasury: XONE, XTWO, VGSH Intermediate duration treasury: VGIT Intermediate duration total bond (government and corporate): BND
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Jan 19, 2024 17:02
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meatpimp posted:Edit -- our "worst case scenario that we came up with is that we do it, in 6 months fine it's not viable, then flip it for a profit, recognizing Uncle Sam takes a big bite for capital gains. Reasonable worst case? Why do you think you'll be able to flip it for a profit in 6 months (after fees and other expenses) when there were multiple offers on the house and yours was presumably the highest? Is this all based on your realtor telling you you were getting a good deal?
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Jan 22, 2024 17:25
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meatpimp posted:Since I'm paying attention to this thread, one more question -- how does one transfer the assets managed (stocks/bonds/annuities) by Morgan Stanley to either self-managed or to another management company? You're probably looking for an ACATS transfer
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Jan 23, 2024 21:07
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A money market fund is a cashlike fixed income investment, similar to a savings account (not exactly the same, and the tax treatment is usually different). There shouldn't be any capital gains, but it will pay out interest every month. Have you been paying taxes on the interest every year? If yes, this is a taxable account. If no, or you aren't sure, you should probably check and see if they have any tax statements for you.
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Jan 27, 2024 01:31
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Umbreon posted:Got a question about car loans. If I can reliably afford big payments each month, which option is better for paying the least amount of money over the loan? My memory is a little hazy, but the last time I had a car loan, I believe I was limited on the amount I could pay extra on the loan. I think it was up to one additional payment (so, my monthly payment was something like $300/month and I couldnt pay more than $600/month). I could be wrong on this and certainly different lenders will have different rules, but I wouldn't necessarily assume you can just pay as much as you want each month like you could with a home mortgage. A quick google suggests pre-payment restrictions are definitely a thing with car loans.
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Feb 6, 2024 20:01
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Ham Equity posted:Not a car person, but isn't driving a car that comes with power steering without power steering also loving dangerous? Its not actually hard to steer a car in motion without power steering. When stationary its a pain in the rear end, but thats not a high risk situation. Disclaimer: last time I drove a car without power steering was like 1998
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Feb 7, 2024 01:58
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Not a car guy, but I dont think so. Power steering is a hydraulic system that assists in steering, not some sort of steer by wire system. The steering wheel is still mechanically linked to the wheels.
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Feb 7, 2024 02:25
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pmchem posted:it's there somewhere. Its... 3 clicks after logging in? Click holdings, click the individual holding, click "cost basis summary". Seems intuitive to me, and none of it requires the old site.
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Feb 18, 2024 17:48
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Hughmoris posted:Rookie question about savings and taxes: If you already have a brokerage account, you can do better than that with a money market fund or ultra-short treasury ETF and potentially be state tax exempt as well. If you dont have a brokerage account, maybe now is the time.
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Feb 25, 2024 01:59
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pmchem posted:i just use a spreadsheet? yeah it's this but also, i put literally everything of long term / unknown amount into the same bucket. what I use it for or the amount doesn't change how I invest it if the time frame is all 2030+
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Feb 28, 2024 02:10
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DildenAnders posted:I just got an offer in the mail that I am pre-approved for Amex Gold. The terms (4% on restaraunts/4% on groceries, $750 in points if I spend at least $6k on it in 6 months, $10 monthly shake shack credits for some odd reason) seem like they (at least short term) make up for the annual fee. Do they ever waive the annual fee, and if not, is there any downside to potentially canceling the card after a year/2 years? I am going to be starting an intensive school program and I anticipate my spending will drop precipitously after that, to the point where $250 for a year will be more than the card benefits me. I only have 1 other credit card (a little more than a year old) and student loans, otherwise no credit history (Score is ~740 according to Experian). No, they arent going to randomly waive the annual fee. With the Amex Gold, a lot of its benefits come in the form of monthly use it or lose it credits that dont stack up. So unless you are using Uber every month, and one of their dining partners every month, you arent going to get those $240 worth of credits. 4% cash back on dining and groceries is nice, but you'd be able to get that much or better out of cards that dont have $250 annual fees. Based on your expected drop in spending, it might make sense to get a 2% on everything no annual fee card instead. Charge cards, unlike credit cards, dont let you carry a revolving balance month to month (I seem to recall this is no longer true for Amex charge cards, though). There is a credit cards thread here: https://forums.somethingawful.com/showthread.php?threadid=3679537
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Feb 29, 2024 05:44
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I Like Jell-O posted:Because you are maxing out your limit, as a general rule Roth 401k will be better. The contribution limit is the the same for pretax and Roth, but every dollar of Roth is worth more than a pretax dollar because you've already paid taxes on it. This means that you can effectively stuff more money into your 401k with Roth contributions. The benefit of a greater amount of money getting into a tax advantaged account will tend to drown out any other tax rate considerations. You're partly right here, but you are missing the fact that any money paid in taxes in this scenario could instead be put into a taxable account and grow there. So, yes, Roth dollars are worth more than Trad dollars, but there are *more* of the Trad dollars available because you pay less in taxes up front.
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Mar 2, 2024 20:32
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I feel like there is something missing here. Your gross household income is $160k/year and you still need to lean on credit cards and TSP loans for relatively small purchases? Where is the money going? Is this going to be one of these? $2000: Mortgage/utilities $1300: Food $250: Gas $500: Misc expenses $4700: Flügelhorns edit: to be a bit more constructive, personally I would not put a single dollar into retirement until you pay off those 18% credit cards. Yes, saving for retirement is important, and the tax advantages are nice, but you aren't going to earn 18% on your retirement savings. drk fucked around with this message at 23:22 on Mar 4, 2024 |
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Mar 4, 2024 23:19
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Medullah posted:What is everyone's recommendation for HYSA right now? I got an email from Empower, my retirement program, and they're offering 4.70% but not sure how recommended they are. Check out https://www.raisin.com/en-us/
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Mar 25, 2024 16:38
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TooMuchAbstraction posted:EV plug is a 50A/220V outlet on the side of the house, with a cover, so you can plug your EV in to charge it. It definitely counts as an improvement, and cost me a bit under $1k. Out of curiosity, what did you go with for the charger? I'm thinking of buying an EV in the next few weeks. $1k is much less than I was expecting for a 10kw charger
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Mar 26, 2024 23:07
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Ham Equity posted:Not true, Nancy Pelosi and her husband regularly get returns this high (or even higher). Nah, they're just buying tech stocks with leverage. Its not a particularly unusual hobby for wealthy people who live in the Bay Area.
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Mar 30, 2024 03:30
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Motronic posted:While the second statement is in fact true, what rock have you been living under to even type out the first? Here's a list of all the Pelosi's trades for the past year and a half. Its not *only* tech, but its almost all tech. As far as the leverage bit - I thought it was well known that one of their primary strategies was buying long dated ITM options.  As far as the insider trading bit, I admittedly only briefly looked into it and could find no evidence of it being true (politifact calls it false). Just a lot of people claiming that she must be insider trading because they have made a lot of money.... buying tech stock options? A *lot* of people do that in the Bay Area. A lot of people do that on these forums.
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Mar 30, 2024 17:11
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DildenAnders posted:I got a second credit card about a month back. My credit score dropped 8 points, and it seems like the account is showing up as opened, closed and then opened again on my credit report. Is that typical or could it be an error I have to fix? 8 points on a credit score is basically just noise, dont worry about it. Unless you are applying for a large loan (car, house, comedy option boat), two scores 8 points apart are going to have the same outcome in pretty much any credit scenario. Your score probably dropped because your average account age went down with the new account.
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Apr 12, 2024 18:28
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Lester Shy posted:If my credit card statement is posted on 2nd of the month and payment is due on the 27th, when is the ideal date to pay it off? Does it matter? I autopay mine on the due date because why pay any earlier when i am earning interest on my cash
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May 3, 2024 04:26
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