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I have Sharebuilder-it is $4.95. I reinvest all the dividends at no charge. |
Fidelity for me. 7.95/transaction. Bought in at APPL @ $128. Hopefully I can get my $ back. It went as low as $90 in the last 4 months. When do you guys pullout?
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I just moved my 401K distributions over to a couple of funds (Fidelity) that are gaining ~15% all year. Maxed my contributions as well. A bit of a money grab. I'll let it ride till EOY.
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Their product sales are slumping this year. But the good news is they have like 6 trillion zillion dollars tucked away. Berkshire bought a big chunk as well-so that bodes well for the long term. I was looking at this stock but chose not to since they pay such a measly dividend. Still wish I would have got in at $90.0 for the small rebound. :( |
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Is your goal to maximize the reward for what you've risked or to get a sustainable return on investment?
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If you are wanting to be less active but still "play the market" I would go with Fidelity though I dislike their charting software. I use Fidelity as I have manage my IRA there and I have pretty much resorted to trading mutual funds on a long term basis for various reasons which I would be more than happy to discuss in detail. |
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Note the higher low on the MACD vs. a lower low on the price. That's a strong indicator of a bottom. Along with the the MACD breaking above the 0 line as well. However, if the market stalls here as a whole, you probably are looking at the high of a trading range. On a short term basis AAPL is definitely overbought and hitting some resistance but that is also the behavior of a trend beginning too. I'd say if you break above $112 it will be a good sign of a strong run. Heading into Sept and Oct with an election coming up could stall the entire market though. |
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Probably about to become a slum lord again soon as I know that's a sustainable return. |
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So is mindlessly investing in very low cost index funds (or ETFs, as you prefer) on a systematic basis. That approach gives you diversification and participation with relatively minimal effort. You're not trying to time the market, and you're not trying to outperform the market in general. Basically, market returns for as little cost as possible. https://www.amazon.com/Random-Walk-D...1553064&sr=1-1 |
Curious what folks think about Robo-Advisors like Wealthfront?
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I use wealthfront for some taxable; i think it's a reasonable deal for what's provided if you're comfortable with how aggressive they are (including Betterment, etc.). |
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Fund Managers spend their entire career trying to beat the SP500.... Most cannot do it consistently... So an SP500 fund should be the core of any portfolio.... |
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First thing you've ever said about investing that made any damn sense. :p |
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If you're going to trade or even invest in individual stocks you are going to have to either learn fundamental-based investing or technical-based (chart reading) investing and I would encourage you to do both. Otherwise you are just going with a gut feeling or otherwise a "hot tip". You don't have to have an MBA to trade based on fundamentals and you don't have to spend hours upon hours pouring over charts to trade based on technicals. What you do need to do is have a plan and some criteria and rules. Understand the more savvy side of things. Perhaps you should have bought a Put when you bought your AAPL as a hedge? Or perhaps you should have sold a long time ago using a Stop-Loss rule of 10% and took your lumps and walked away? These are the things I am talking about. If you're going to do it, then do it and do it right. Otherwise just $-cost average into mutual funds and call it a day. There is nothing wrong with doing that at all, it's just boring but often works out much better in the long run. |
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So if a large percentage of your investments in mutual funds are in large caps and broad market index funds, you are already getting plenty of exposure to a big company like Apple. If you decide to take on more Apple as individual stock, fine. But know that it can be more risky as you are leveraging more of your total capital on the gains/losses of one company. |
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<iframe width="560" height="315" src="https://www.youtube.com/embed/pAyXyrujYGU" frameborder="0" allowfullscreen></iframe>
I am grinding through "the intelligent investor" |
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Someone requested an update on my living at the office situation so here it is.
So as of August 15th it was a solid two months. It is getting easier and more comfortable, which is starting to scare me. I have adapted to this as if it was my natural home. I bumped my 401K from 10% to 20%, 15% regular and 5% catch up. I haven't noticed a thing. I currently have only (4) monthly payments and two of the four are going to be gone in the next 90 days. By December, I will have only my car payment and car insurance to pay. The car payment will then be the next payment I will erase as I am saving money pretty well. I think I can get rid of that completely by Feb. I'm doing some things pretty well but I need to get to the gym more often as that was one of my combined goals. Lose weight with saving money. I still eat great and the full kitchen is perfect. My locker and shower photos are attached along with my bedroom. I thought I would only do this for 4-5 months but I might make this a year project. No issues and the cleaning lady from El Salvador is my friend now because I offer her soda, food, help her to realize when no one is here and tell her not to bother with certain cleaning issues when everyone is telecommuting for the day. Two weeks ago I had to get a hotel because they were going to stripe and paint the parking lot. I stayed at a Sheraton for 3 nights and I slept better at the office on my air mattress! The A/C is on all the time and the lights are on a 6:10 am until 10pm then it goes to safety lighting, which is perfect. I get up everyday at 5:50am, deflate my air bed, move the fan to my desk, put in my contacts, make a cup of coffee, and read the news before I take a shower at 6:15. All my items are put away 30 minutes before anyone comes in. I use my storage locker to leave the bulk of my clothes, which is only 2 miles away. I watch Pirates baseball and Chiefs football on large computer monitors in the office and even have a projection screen should I want to use it. I store some food in the fridge freezer to save money I go to sleep and blow up my airbed around 9pm each night. I have a lock on the door so I can keep the cleaning lady out when she vacumns and I want to sleep early. The weekends I keep my bed blown up from Friday night until Mon morning. That's about all I can think of. EDIT: NO WHORES OR ESCORTS FOR THE LAST 8-9 MONTHS SO I AM TRULY SACRIFICING! |
This is still so ****ing legit Scho! Can't believe you can do it and how well you seem to have adjusted to living like that.
Awesome stuff. |
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Then I have also gone through several times of absolute despair of homelessness for 3-4 months, losing a business and several hundred thousand dollars, having some crazy legal issues that cost me dearly, losing my drivers license at least 12 times with 48 points in NJ because I drove like a maniac and sped in my Jaguar or Eldorado. I have a real problem with moderation and impulse control. I'm balls out and extreme and a big risk taker. It's not for everyone No one can ever accuse me of not getting my money's worth out of life..... :D |
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My bed making process. I have a fan to blow cool air all night as well. I make sure it's all taken care of. Air pump, perfect space, hidden nice in storage room. From deflated to fully inflated and firm at 4-5 minutes. Deflates in 1 minute. Setup takes 7 minutes, take down about 5 minutes.
Weekends I can sleep in-no one ever shows up early and only in a blue moon does someone come in on Saturday |
Only question left to answer............
How's the cleaning lady between the sheets? |
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Lewdog-this is what I'm aiming for retirement in 3-5 years.
http://www.realtor.com/realestateand...2-92088#photo6 Here is the property I had when the dotcom bubble crashed. I had a 1997 sq ft property under contract for build with Pinnacle Builders along with a full gunite pool with rocks from California Pools and Spas. I gave the property back to the builder and he gave me back my $25,000. The new contract people built a much large house http://www.realtor.com/realestateand...2_M10215-66837 |
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I love the idea of a nicely finished townhouse when you are older and kid free. That's definitely more tastefully done than that second house you posted. I forget, have you lived here before? |
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I know the Scottsdale real estate market as good as anyone. Look at it every day for last 17 years. My house there went from $284,000 to $715,000 in 3 1/2 years AFTER I turned it back. Bad timing for sure. :facepalm: |
WTF? I missed this story. You doing this out of your office that someone owns or you own? Does anyone there know about it or say anything?
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Wanna know how many here use their Roth also as an emergency savings vehicle like this article suggests since contributions can be withdrawn tax/penalty free? I see this posted a lot lately and it makes sense for many I would think after you have a savings account emergency fund but still wanna have an option to stay relatively liquid without parking in a savings account and getting nothing. Any of you do this? What kind of funds do you use?
https://blog.mint.com/saving/does-us...d-idea-052012/ |
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https://www.irs.gov/publications/p59...link1000231061 |
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Copied from your link: A qualified distribution is any payment or distribution from your Roth IRA that meets the following requirements. It is made after the 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for your benefit, and |
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I stand corrected. Contributions over five years are penalty and tax free. |
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Some people are parking some extra money, in something like a short term bond fund or money market in hopes of gaining a bit of tax free money but also something low risk with fairly immediate access to cash in an emergency. People are claiming this is in addition to a taxable emergency fund such as a savings account which generates little interest but is also taxed. Build this small emergency fund in your Roth to something like an extra $10k over the duration of a few years and then start putting your entire yearly contribution into a Roth back to all retirement funds. Gives you a little bit of extra liquidity without being taxed if you had to touch it later, with the hope that you don't have to. I guess that's the point? |
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You can invest it in the stock market as well. That said, I would rather keep my Roth contributions protected and earning moar tax free gains, so maintaining some healthy savings balance seems prudent. |
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Did you spell moar like that trying to troll me? :D |
I invested roughly $300 in blackjack and roulette this weekend. Get at me.
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I don't. I have a pile of cash parked in the bank because I'm a bad manager at the moment. I really need to get my books done and do all my inter-entity reimbusements done and tighten things up.
But again, bad manager at the moment. |
must be nice to be rich
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Mo money, Mo problems.
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Well... I've come to the realization that other than a layoff, having to take an emergency trip or pay for a funeral (Which I just paid for my fathers), I just don't need much more than $2000 in savings.
I keep $2-3K in savings/emergency account, then max out ROTH IRA contributions as it's a secondary savings and then the rest goes to an out of pocket/regular investment account. The 6+ months emergency fund is in the Roth IRA since withdrawals aren't taxed or penalized (which I've never had to draw on). Is any of this a bad idea? |
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Although I definitely like to keep more on hand for emergencies than $2k. Car repair, pool repair, AC repair, home maintenance projects, buying furniture, those can easily run close to or over $2k at a given time. I'd treat the Roth emergency more like a $5-10k+ type of emergency myself but plenty of people do just what you're saying and really have a low amount of money in savings accounts. |
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Obviously the opposite of investing and being money savvy, which credit cards are y'all using? Any good perks / rewards out there beyond the ones the churner cokeheads are angling for?
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I like simple. I'm sure there are cards that you can "work" to get better rewards out of them, but I don't have time/patience for that. Therefore, Fidelity Visa. No annual fee and 2% cash back on everything I buy, which gets automatically deposited into whatever Fidelity account(s) I choose, which can include a kid's UFund (529 Plan) account. EDIT: And, btw, I don't think using a credit card isn't money savvy. I think it is, SO LONG AS YOU PAY THE BALANCE IN FULL EVERY MONTH WITHOUT FAIL. Which you absolutely must do. If so, then they basically pay YOU interest for them giving you a loan. Yes please... |
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Charging everything is a no brainer if you have the discipline to stick to a budget and know your finances. If you can't pay it in full every month, don't do this. /soap box |
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Chase Slate has 0 transfer fees and I believe 18 month apr. It is really good card to transfer a high interest credit card too. Amazon rewards card gives you 3% cash back on all purchases from Amazon. So if you are a prime member or order a lot of stuff off of Amazon it definitely comes in handy. No Annual Fees Chase Freedom does 5% cash back on revolving 3 months categories. It can be pretty nice if when they do an Amazon, Grocery Store, or Gas. Plus they give you I believe 100 or 200 dollars back if you spend a thousand the first month. No Annual Fees |
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Fidelity Visa and Citi Double Cash are about as good as they come for those looking to keep it simple. Solid recommendations.
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I have a card through my local bank that I use solely for reimbursable expenses. Wife has a Cabela's card she got when we got engaged (she had no credit history at all).
Last year we got a SAMs card because I was tired of dicking with debit cards and shit. They don't take Visa and that's all I had otherwise. Pretty much chose mine because of convenience and don't want to change for the billion years of credit history I would give up. FWIW they are all 3 auto debited each month. Highly recommend it. |
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I'm primarily using a Discover Miles card that they don't offer anymore. $60 annual fee, but straight 2% on everything (assuming you use it for either travel credit or Amazon). I also have an Amazon card for the 3% at Amazon and a Costco card that does 4% on gas, 3% on restaurants, 2% at Costco, and 1% for everything else, but the rewards are only redeemable at Costco.
If people aren't aware of it, Nerdwallet is a fantastic resource for evaluating rewards cards. They have a calculator that lets you tell it roughly how much you spend on various categories each month, and it'll give you suggestions on which cards will net you the most in rewards. https://www.nerdwallet.com/credit-cards |
Oh, and I charge literally everything I can for the rewards. Everyday expenses, monthly bills - everything. If they let me charge it, I do. I probably rack up around $50-$75 in rewards every month. As lewdog said, you just have to be sure you have the discipline to never spend more than you can immediately pay off. Carrying balances is bad mmkay.
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I was already on edge because I don't like how they pay the money back but the %s were high enough it seemed like it might be worth it. |
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It's as simple as that. It literally is a savings account. |
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