Finance Advice Thread

[QUOTE=egokiller]I saved my first $100k in liquid when I was 28 and single so if you did this with just your portion of total household income while married, it’s actually pretty impressive considering the fact that saving with 2 people’s purchasing interests in mind is more difficult than just your own. Ultimately you want to get to the point where you have a career that is not stressful and pulling in 6 figures a year. Find someone you know that has done this, and model your career after theirs. That’s what I did. The end result is so much free time and minimal stress lifestyle where at that point your just setting small goals and knock them out one at a time. With regards to sound investments, read...read....and then read again. Then talk to people who have done well and absorb their advice like a sponge.

This forum is excellent:

[url]https://www.bogleheads.org/forum/index.php[/url][/QUOTE]

I'm in the Vanguard retirement 2045 retirement fund.

John Bogle is a great man. Invented the first index fund.

Man I bought six chicken thighs for only $3.50 (not USD) and bought a bag of potatoes for $4.00 made a great tasting mealfor really about $3.50 in total that lasted two meals.

That's cheaper than any fast food or restaurant meal.

[QUOTE=Hawker]I'm in the Vanguard retirement 2045 retirement fund.

John Bogle is a great man. Invented the first index fund.

Man I bought six chicken thighs for only $3.50 (not USD) and bought a bag of potatoes for $4.00 made a great tasting mealfor really about $3.50 in total that lasted two meals.

That's cheaper than any fast food or restaurant meal.[/QUOTE]

That

Was talking to accountant coworker at work today, she said that if you have money lying around and maxed out retirement for the year that buying+renting out a property on airbnb would be an option.

[url]https://www.youtube.com/watch?v=fvK6ihMzJbE[/url]

@Sajo

Definitely something to consider if your area allows it.

BUMP

I haven't adjusted anything.

I'm continuing to buy. This is going to pay off long term.

I'm nowhere near rich and taking advantage of this. Luckily, I have cash in an emergency fund so I'm not worried about pulling my money out. That's the importance of having an emergency fund. Can take advantage of the current situation and not have to worry as much.

I will buy some stocks, even though I don't have much money. Which stocks are the safest buys? Airline companies and energy companies? Nobody is going without electricity. Maybe some food market chain like Walmart?

What do you all use to trade stocks with?

[QUOTE=bladefd;13947368]I will buy some stocks, even though I don't have much money. Which stocks are the safest buys? Airline companies and energy companies? Nobody is going without electricity. Maybe some food market chain like Walmart?

What do you all use to trade stocks with?[/QUOTE]

Use Vanguard and just buy [url]https://investor.vanguard.com/etf/profile/VOO[/url]
It's an ETF/index fund.

[QUOTE=Hawker;13947379]Use Vanguard and just buy [url]https://investor.vanguard.com/etf/profile/VOO[/url]
It's an ETF/index fund.[/QUOTE]

That's for long term investment, isn't it? Essentially buy and hold. What about for short term gains? Not exactly short sell, but buy & hold for a few months or a year then sell

[QUOTE=bladefd;13947381]That's for long term investment, isn't it? Essentially buy and hold. What about for short term gains? Not exactly short sell, but buy & hold for a few months or a year then sell[/QUOTE]

I'm not a trader so I don't do short term investment.

I go long term/retirement only when it comes to stocks so I buy index and mutual funds.

[QUOTE=bladefd;13947381]That's for long term investment, isn't it? Essentially buy and hold. What about for short term gains? Not exactly short sell, but buy & hold for a few months or a year then sell[/QUOTE]

Technology stocks have the potential to bounce back quickly and are likely a good buy... especially companies that have a robust cloud component to their business model given that there will be a lot of talk and investment around remote work: so Amazon and Microsoft for sure. Apple might be a good bet. I expect their manufacturing pipeline in China to get back on track. Disney, Walmart, Target...

Avoid companies that are overleveraged... Tesla for instance.

Eh... I had quite a bit in a CIT account when it was 2.5%, and its obviously gone down but still, it's 1.75%. When CIT was significantly higher than most CDs even at 5 years so it was a no brainer... but even now, sacrificing a quarter percent for liquid asset is worth it. Especially when considering I've since used up half of that. If you don't need a lot of liquid in your checking account, redneckbank (All America bank) is at 2.25% for up to 10k which i assume is near what most people keep in their checking.

I just purchased 100 shares of SACH, it's a REIT that has been good to me in the past.

What platform do you use to buy/trade stocks? Looking for something with low fees and good simple user interface

[QUOTE=bladefd;13947725]What platform do you use to buy/trade stocks? Looking for something with low fees and good simple user interface[/QUOTE]

robinhood

[QUOTE=CelticBaller;13947753]robinhood[/QUOTE]

Saw a post on another forum, said robinhood just maxed out on their $200 million dollar credit line or something of that sort and the guy advised not to use them. Just thought I'd mention it.

Nah not Robinhood. Use fidelity now. All of them don't have fees anymore

If we mirror Italy's peak / Italy's path, 8 days should present peak infection rates at which point it would probably be best to buy on the market. However, with that being said, there is absolutely no telling what this hopefully short term virus will do in terms of long term impact to the American system which is completely leveraged out of its mind with debt all the way from the federal government, to state government and local government... along with businesses and individuals. Good luck.

[QUOTE=Draz;13947786]Nah not Robinhood. Use fidelity now. All of them don't have fees anymore[/QUOTE]

Is Robinhood no good? I remember hearing a lot about it last year

So how much is everyone gonna dump into the market when they feel it hits rock bottom?

Everyone who does is obviously getting paid. If home depot hits 150 im in. Its getting back to 220+ no question. Its free money.

[QUOTE=Kblaze8855;13949470]So how much is everyone gonna dump into the market when they feel it hits rock bottom?

Everyone who does is obviously getting paid. If home depot hits 150 im in. Its getting back to 220+ no question. Its free money.[/QUOTE]

Why? Get in on Boeing... they're not going anywhere and they're near all time low

[QUOTE=bladefd;13949268]Is Robinhood no good? I remember hearing a lot about it last year[/QUOTE]

Thought you were morally superior to those trying to look to make money in a time of crisis where people are dying?

[QUOTE=rawimpact;13949498]Why? Get in on Boeing... they're not going anywhere and they're near all time low[/QUOTE]

they're at 122. in 08' they were halve that. don't you think their shares still have bottom room?

[QUOTE=Hawker;13949698]Thought you were morally superior to those trying to look to make money in a time of crisis where people are dying?[/QUOTE]

Very astute point. I won't do it then.

[QUOTE=highwhey;13949705]they're at 122. in 08' they were halve that. don't you think their shares still have bottom room?[/QUOTE]

Who knows, it always comes down to risk management. Look where Boeing was trading before the collapse in 08, nowhere near what it was before this mess despite the 737 max issues. When investing in Boeing, you will have to understand that it's going to be a while for a return, but I will guarantee you will get a return on it. BA also pays dividends that generally offsets any inflation.

I know im a little late but im surprised people were recommending whole life insurance. thats garbage

[QUOTE=Kblaze8855;13949470]So how much is everyone gonna dump into the market when they feel it hits rock bottom?

Everyone who does is obviously getting paid. If home depot hits 150 im in. Its getting back to 220+ no question. Its free money.[/QUOTE]

I bet it gets into the 150s once market opens in a few hours

Bloody.

Warren Buffett and billionaire class salivating right now. They are probably busy buying buying and buying everything, shopping through the stock market. Stocks have nowhere to go but up within a couple months. The rich will come out much richer. Poor and middle class is freaking out wondering if they will have a job tomorrow or income to keep their house or kids fed.

Massive bailouts on the horizon for the companies

Airline stocks are dirt cheap right now. As are many other things.

[QUOTE=rawimpact;13949774]Who knows, it always comes down to risk management. Look where Boeing was trading before the collapse in 08, nowhere near what it was before this mess despite the 737 max issues. When investing in Boeing, you will have to understand that it's going to be a while for a return, but I will guarantee you will get a return on it. BA also pays dividends that generally offsets any inflation.[/QUOTE]

A mere 24hrs later and that 120 is down to $90.

Wow.

[QUOTE=JohnnySic;13950282]Airline stocks are dirt cheap right now. As are many other things.[/QUOTE]

You don't know how low they will get. I see Boeing is $90.. Wow, I didn't think it would get under $100 in an military industrial complex society we live in and plane-heavy world

[QUOTE=bladefd;13950083]I bet it gets into the 150s once market opens in a few hours[/QUOTE]

Home depot down to 142 :eek:

Airlines ba$tards came begging again for grants and low-interest loans from the government after the bastards spent their tax cut savings on stock buybacks to prop up their earnings last couple years rather than saving some of the money for a rainy day.. A$$holes know they will get what they want most likely..

the cycle is amazing.

everytime shit tanks... the rich just buy it when its at the ultimate low and profit enormously.

while everybody else doesnt know how their getting food or paying rent.

Ill tell ya... were in for MASSIVE increased regulation on the stock market vultures. And big time sochulizm.

With Bernie losing the top 1% are jizzing their pants and buying everything back to celebrate.

Shit. I might get in some myself

[QUOTE=Draz;13950453]With Bernie losing the top 1% are jizzing their pants and buying everything back to celebrate.

Shit. I might get in some myself[/QUOTE]

I could be wrong but I'm farily certain the market hasn't bottomed out yet. It won't bottom out until some time shortly after we have hit the peak of active coronavirus cases nationally.

This could be a completely life altering event for the United States. Not in the sense that the coronavirus is that important... but in the sense that we have lived beyond our means for a very long time and the bubble of everything might just have finally burst.

The federal reserve is trying like hell, but eventually their manipulation no longer works.

What happens if there is a bailout? Wouldn't the government essentially own a piece of these airline companies/Boeing/etc and therefore the stocks bomb? I don't quite understand how that would be helpful to their shareholders. And it's not even small numbers - $60 BILLION to Boeing alone.. BILLION.. Won't Boeing stock tank??

Are you going to point fingers every day the stock drops and cry when you lose a 20-30 dollars per share or are you actually going to wait a day too long before a bailout and/or pharmacological change that causes a jump and admit to yourself you waited too long? Highwhey, instead of being a tool, read what I said. It's not going to be fast money, most stock trading does not work that way. If you want to make money, buy now sell later (and i mentioned long term in that post). The market is obviously volatile right now, sure there are better times to buy, but i'd rather get in on this profit train even if it means i'm five or six carts from the front.

Bladefd depends... it can go both ways. Most companies were given subsidized loans whereas I was recently learned GM had their shares purchased effectively doing the same thing but now with the government as a major part-owner.

Do you people really think Boeing is going anywhere? They US government NEEDS them... stock at this price or at 120 like I said to purchase is a no-brainer. Feel free to bump this post a year from now because we both know boeing wont be as low as it is now.

As mentioned before, they also pay dividends to offset inflation...

[QUOTE=John Connor;13950459]I could be wrong but I'm farily certain the market hasn't bottomed out yet. It won't bottom out until some time shortly after we have hit the peak of active coronavirus cases nationally.

This could be a completely life altering event for the United States. Not in the sense that the coronavirus is that important... but in the sense that we have lived beyond our means for a very long time and the bubble of everything might just have finally burst.

The federal reserve is trying like hell, but eventually their manipulation no longer works.[/QUOTE]

Definitely agree with this. The whole low interest rates and QE was supposed to be emergency measures. Problem is the Fed never took their foot off the gas when the economy got better, which would have provided at least a cushion for when it was really needed again (I don't agree with stimulus but that was the thought at the time). But for political purposes and optics, rates were held low for longer than a decade and now there is no ammunition to try and counteract a real crisis. Honestly, the whole thing needs to fall apart and this country needs to take its losses. It's the only way to set things on the right path albeit with a lot of pain. Keep kicking the can down the road and we may be on the way to experience another lost decade like we just experienced.

[QUOTE=rawimpact;13950882]Are you going to point fingers every day the stock drops and cry when you lose a 20-30 dollars per share or are you actually going to wait a day too long before a bailout and/or pharmacological change that causes a jump and admit to yourself you waited too long? Highwhey, instead of being a tool, read what I said. It's not going to be fast money, most stock trading does not work that way. If you want to make money, buy now sell later (and i mentioned long term in that post). The market is obviously volatile right now, sure there are better times to buy, but i'd rather get in on this profit train even if it means i'm five or six carts from the front.

Bladefd depends... it can go both ways. Most companies were given subsidized loans whereas I was recently learned GM had their shares purchased effectively doing the same thing but now with the government as a major part-owner.

Do you people really think Boeing is going anywhere? They US government NEEDS them... stock at this price or at 120 like I said to purchase is a no-brainer. Feel free to bump this post a year from now because we both know boeing wont be as low as it is now.

As mentioned before, they also pay dividends to offset inflation...[/QUOTE]

You could've said the same about Bear and Lehman's. Granted Boeing is more important to its industry than they were but they were still giants. You might argue that they collapsed not because of external turmoil but because of internal failures but Boeing has had not the same level of internal issues but still had issues for the last year or so. Another point: Airbus still exists.

You're probably right (and I do think Boeing is a great buy soon but probably not yet) but this uncertainty is reflected in the stock price.

[QUOTE=tpols;13950299]the cycle is amazing.

everytime shit tanks... the rich just buy it when its at the ultimate low and profit enormously.

while everybody else doesnt know how their getting food or paying rent.

Ill tell ya... were in for MASSIVE increased regulation on the stock market vultures. And big time sochulizm.[/QUOTE]



A great many people who aren’t what you would call rich know to get in at the bottom. It’s not exactly high level shit.

[QUOTE=Kblaze8855;13951507]A great many people who aren’t what you would call rich know to get in at the bottom. It’s not exactly high level shit.[/QUOTE]

Except that we can't really call bottoms. We aren't all privy to Senate Intelligence hearings.