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Jesus, reading this thread makes me scared. I was checking out my investments, and I started saving in 2003. As of now, my portfolio has made 2.5% per year on average, far lower then the 4% conservative value that gets thrown around. My timing must have been very bad.
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Aug 2, 2013 14:34
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| # ¿ May 2, 2024 10:32 |
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tuyop posted:US Inflation is like 1.8-2% this year, dude. You need to take some more risks! One year at -35% really messes with your average. I'm +17% this year, but it was pretty bad between 2007 and 2008.
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Aug 2, 2013 16:32
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Yeah, doing something "for their own good" when they are not a party to it is a really bad idea dude. I would rather be poor and in a happy marriage then committing financial infidelity.
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Oct 23, 2013 20:13
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Harry posted:It's pretty obvious the wife doesn't care. Quit trying to pretend this is something it isn't. unprofessional posted:Anybody else keep significant other out of the loop as far as savings are concerned? I don't have any ulterior motives, but I just know my wife, and if she knew we had the amount I save up available, she'd want to use it. I never know how to feel about this. I just want to make sure we can actually retire. I stand by my statement.
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Oct 23, 2013 20:20
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SpelledBackwards posted:And make sure you don't have any optional services like overdraft protection which would autodraft from your savings to fund a large debit/check transaction intended to clear you out. I guess ideally it would be best to maintain that savings account in a separate bank or credit union where you don't even have a checking account, but I probably wouldn't go through the hassle. All overdraft is optional now. It can be turned off even on your checking account (was the result of a law that I forget the name of at the moment).
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Nov 6, 2013 21:33
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That's a type of "Overdraft Protection" just like geting an Overdraft Line of Credit instead is also a type of Overdraft Protection. The optional Overdraft Protection that was actually turned into being opt-in is when an item is recieved that overdrafts the account, it no longer will be automatically paid from that account at all, and will actually be returned. This used to be turned on by default and what constitutes most people understanding of what happens during an overdraft.
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Nov 6, 2013 22:48
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Cicero posted:I feel like I'm missing something here because it seems like everyone is always about Roth IRAs. A lot of that has to do with the fact that the tax rate right now is the lowest it's basically been in history and people are banking on the fact that in 20-40 years from now there is no way it will be this low. Now some people have taken that to insane extremes and you get a sort of echo chamber when really the best solution is to work out the math yourself and see what will be the best for you individually.
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Jan 31, 2014 21:35
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Inverse Icarus posted:My wife and I have only started thinking frugally with a mind towards early retirement in the past six months, but I'm pretty proud of this. LOL, mine is always like "You are the absolute worst, what the gently caress is wrong with you" showing a huge tile of color vs. a pixel of my neighbors.
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Apr 4, 2014 14:05
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