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12-23-2018, 10:05 AM | #2551 | |
TACO SALAD
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It looks like we have a really good shot to finish as the 2nd worst December in history. 1930 was down 7.x%. We're currently down 12.x% so we'd need quite a recovery in the last few days. 1931 was down 14.x% so it's actually within reach. Pulling out a single month is a bit arbitrary but I think it's sort of amazing we're on pace to finish sandwiched between two years of the great depression. |
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12-23-2018, 10:28 AM | #2552 |
In Search of a Life
Join Date: Jul 2009
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Hamas, I’m no expert on this by any means but I was in a similar spot with loans and such.
I would recommend paying as much as you can towards the debt repayment as you can. Don’t forget about retirement obviously, but getting out from under that will help alot |
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12-23-2018, 10:41 AM | #2553 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $190477
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How about a list of 5 stocks to invest in this January. |
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12-23-2018, 10:58 AM | #2554 |
Why so serious?
Join Date: Dec 2016
Location: Chicago
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12-23-2018, 10:59 AM | #2555 |
Now you've pissed me off!
Join Date: Jan 2006
Casino cash: $7739572
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Agreed.
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"When the Know-Nothings get control, it will read 'all men are created equal, except negroes, and foreigners, and Catholics.' When it comes to this I should prefer emigrating to some country where they make no pretense of loving liberty – to Russia, for instance, where despotism can be taken pure, and without the base alloy of hypocrisy.”--Abraham Lincoln |
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12-23-2018, 11:02 AM | #2556 |
Kind of a mod
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12-23-2018, 11:26 AM | #2557 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $268468
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I hate debt; It feels like a huge weight youre under and stresses me a bit. From a strict numbers perspective it probably depends on the rates on your loans.
Either way, congrats. It's a lot of money to pay back but seems to have provided you with a great career. |
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12-23-2018, 11:29 AM | #2558 |
In Search of a Life
Join Date: Jul 2009
Casino cash: $1504064
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Those fed loans are a real pain in the ass at 7.2 percent.
I went them a private bank and re did them once I had my office paid for and got the rate a lot lower. |
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12-23-2018, 02:13 PM | #2559 | ||
Mod Team
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And this is basically it. Don't pass up any free money so do the minimum contribution to get all the free money, so 5%. After that, tackle debt. If you have any credit card debt, I'd start there. After that, work on the student loans and possibly refinancing them to a lower rate if you're able (not sure what you're paying). I had $60k debt after my schooling so I only contributed 4-6% to my 401k (to get the entire free match) until I paid off my student loans last year. Now I do 12% to my 401k and it's barely noticeable out of my take-home with the loans now gone, even leaving money left over to contribute to a ROTH IRA each month. Hopefully your employer offers cost effective index funds for your retirement plan. I am invested in only Index funds alone in my 401k (Large, small and foreign). Many companies finally offer low cost index funds, but there are still some hold-overs of employers who offer expensive and less than ideal retirement funds. Let us know your choices when you get that info.
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2024 Royals game thread record 3-0 |
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12-24-2018, 12:31 PM | #2560 |
Champs!
Join Date: Mar 2004
Location: Kansas City
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Ugh. Definitely a Bear market.
I feel bad for the folks who are about to be retiring. Thank god my father retired just in time.
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Super Bowl IV, LIV, LVII & LVIII Champions 2020, 2021, 2023, & 2024 AFC Champions 1985 & 2015 Major League Baseball World Series Champions 1980, 1985, 2014, & 2015 Major League Baseball American League Champions 2015 American League Central Division Champs |
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12-26-2018, 03:59 PM | #2561 |
NFL's #1 Ermines Fan
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VARSITY
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I wish every day could be like today.
If we had 26 straight days like today, I could retire at my current quality of life. If we has 40 straight days like today, I'd live a life of leisure and semi-luxury. If we had a year of days like this, I'd buy the Chiefs and make fun of Bill Gates' cheap wardrobe.
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Active fan of the greatest team in NFL history. Last edited by Rain Man; 12-26-2018 at 04:06 PM.. |
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12-26-2018, 04:04 PM | #2562 |
Roy E.
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12-26-2018, 06:05 PM | #2563 | |
Fish are scared of me
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12-26-2018, 06:22 PM | #2564 | |
Politically Incorrect
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12-26-2018, 07:46 PM | #2565 | |
Mod Team
Join Date: Sep 2011
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For now if I want to make extra money, I'm doing the hourly therapy gig at a different building if they need help. Since it's PRN work, the pay is very good and I just tell them how many hours I can help on that day. Like tomorrow I'll go down the road to a different facility for about 90 minutes of work after my normal job. For me right now, time is money, so if I am going to do something outside of work, I want it to pay well. But I do understand the thought of doing something totally unrelated for a second job and how that can be rewarding as well. You never know what the future may bring!
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2024 Royals game thread record 3-0 |
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