Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[displacedinMN]

Originally Posted by Rain Man

I probably don't fully understand your options, but if you've got money in an IRA earning 1.5 percent, presumably it's some sort of CD or something. If that's true, don't put any more money into that and pick pretty much any other option rather than sitting on your toilet holding it in cash.

I wanted to dump it in my public retirement account. They won't let me do that. So now I will talk to my 403b. That has much better yield than the IRA.

[DaFace]

Originally Posted by DenverChief

Really? I pay ~$30.00/quarter for $180,000 policy on myself and another ~$10.00/quarter for an $80,000 policy on my spouse. I over pay into the policy by $30/each ($60/$40 per quarter) with a guaranteed minimum 3% return on my cash value. Every 4 years that is re-evaluated if the rate is higher than 3% that is effective for the next 4 years. If it is lower, then 3% is the minimum. IDK about you but that seems pretty damn cheap for a whole life policy with some pretty good guaranteed return or better. Cash out the policy tax free at retirement or take a loan out at anytime.

I also have a term life policy thru my job for about $12/month.

I guess I'd have to see the details on your policies (which I don't care enough to do), but something about this doesn't seem right. $175k of whole life coverage should be more on the scale of $50/month. Here's a calculator just to play with the numbers.

https://smartasset.com/life-insuranc...surance-quotes

[DenverChief]

Originally Posted by DaFace

I guess I'd have to see the details on your policies (which I don't care enough to do), but something about this doesn't seem right. $175k of whole life coverage should be more on the scale of $50/month. Here's a calculator just to play with the numbers.

https://smartasset.com/life-insuranc...surance-quotes

Check that. It's 120k/80k and the payments are $130/$90 (60 over on each) so 70/30 for just the policy, a quarter.

[lewdog]

R8ers is retired with a few hundred thousand dollars and thinks he’s rich.

Lulz

[R8RFAN]

Originally Posted by lewdog

R8ers is retired with a few hundred thousand dollars and thinks he’s rich.

Lulz

Wrong, I am not retired and have several hundred thousand dollars , few is 3 several is less than 10

[lewdog]

Originally Posted by R8RFAN

Wrong, I am not retired and have several hundred thousand dollars , few is 3 several is less than 10

So you’re still working in your 60’s?

****ing chump.

[R8RFAN]

Originally Posted by lewdog

So you’re still working in your 60’s?

****ing chump.

52 son

[KCUnited]

Originally Posted by R8RFAN

I was just sitting on the toilet counting my stash and thought I would take a pic for all you broke dicks who frequent this site

Lol, I remember turning 25 too.

[DaFace]

Well, I tried.

[lewdog]

Originally Posted by R8RFAN

52 son

Let's get back on track.

Seriously here. I hope you aren't a decade out from retirement and sitting on a mountain of cash.

That rarely works out well against inflation and rising healthcare costs associated with aging.

I might be riding something like 60/40 or 50/50 at that time, but all that cash sitting idly by is much riskier than investing conservatively in the market.

[Unclesam]

I will take everyones money. Thanks

[Great Expectations]

Originally Posted by DenverChief

Really? I pay ~$30.00/quarter for $180,000 policy on myself and another ~$10.00/quarter for an $80,000 policy on my spouse. I over pay into the policy by $30/each ($60/$40 per quarter) with a guaranteed minimum 3% return on my cash value. Every 4 years that is re-evaluated if the rate is higher than 3% that is effective for the next 4 years. If it is lower, then 3% is the minimum. IDK about you but that seems pretty damn cheap for a whole life policy with some pretty good guaranteed return or better. Cash out the policy tax free at retirement or take a loan out at anytime.

I also have a term life policy thru my job for about $12/month.

It sounds like it is tied to some sort of annuity. Low risk/low reward, it is much better than what the average person is doing, but you are leaving money on the table. Like life insurance it is probably built on some actuaries and the insurance company is betting on making money on the spread of what your dollars are earning and what they are paying.

[Cornstock]

Originally Posted by KCUnited

Lol, I remember turning 25 too.

The top 10ish are hundreds, the rest 20s at best. You can tell, they dont have the blue 100 stripe

[R8RFAN]

Originally Posted by lewdog

Let's get back on track.

Seriously here. I hope you aren't a decade out from retirement and sitting on a mountain of cash.

That rarely works out well against inflation and rising healthcare costs associated with aging.

I might be riding something like 60/40 or 50/50 at that time, but all that cash sitting idly by is much riskier than investing conservatively in the market.

That's only about 7k ... Just a little cabbage for the safe... You never know, one day the card may not work ... Remember that EMP we talked about a few years ago?

[lewdog]

Originally Posted by R8RFAN

That's only about 7k ... Just a little cabbage for the safe... You never know, one day the card may not work ... Remember that EMP we talked about a few years ago?

I’m not talking about the $7k.

I’m talking about your several hundred thousand dollars you likely have in a savings account somewhere.