Home Discord Chat
Go Back   ChiefsPlanet > Nzoner's Game Room
Register FAQDonate Members List Calendar

Reply
 
Thread Tools Display Modes
Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
Kind of a mod
 
DaFace's Avatar
 
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $176899
Investing megathread extravaganza

A place to talk about investing stuff.

Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,495
DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 02:16 PM   #31
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $10029808
I may have posted this before, but I wanted to pass along this tip about one of the better things I have ever done in terms of my overall financial planning and processes.

I track, on a monthly basis, my net worth. I do it the stupidest, old fashioned'est way you can imagine -- by plugging the numbers into a spreadsheet. Now there are apps for that, of course. Early on in life, when you have one or two bank accounts, it's not remotely necessary, but once you're older, and you have a spouse, and you have a 401(k) and the rollover IRA and your wife's rollover IRA and the defined contribution benefit fund and a house with a value offset by a mortgage, blah, blah, blah, it gets a bit more challenging to track it all.

So I have everything in a spreadsheet, and early every month I just update all the figures. For home value I use assessed value (usually a conservative number) and plug in the mortgage balance to offset. All the accounts are updated by month end statement figures, etc.

It has really helped me track everything that we have, and SEE the growth over time, which is very encouraging. Of course, you have to have the stomach to just plug in the numbers and avoid vomiting when years like 2008 come around, but then you can see exactly when you got back to where you were, and be like "hey, for the end of the ****ing world, that didn't take too long to recover from".

Anyway, I've found it useful for managing my financial life. Once you get the hang of it, updating the spreadsheet takes like half an hour a month. Not a big deal at all.
__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington
Posts: 43,125
Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 03:29 PM   #32
scorpio scorpio is offline
Veteran
 
scorpio's Avatar
 

Join Date: Apr 2006
Casino cash: $9448509
Quote:
Originally Posted by Amnorix View Post
I may have posted this before, but I wanted to pass along this tip about one of the better things I have ever done in terms of my overall financial planning and processes.

I track, on a monthly basis, my net worth. I do it the stupidest, old fashioned'est way you can imagine -- by plugging the numbers into a spreadsheet. Now there are apps for that, of course. Early on in life, when you have one or two bank accounts, it's not remotely necessary, but once you're older, and you have a spouse, and you have a 401(k) and the rollover IRA and your wife's rollover IRA and the defined contribution benefit fund and a house with a value offset by a mortgage, blah, blah, blah, it gets a bit more challenging to track it all.

So I have everything in a spreadsheet, and early every month I just update all the figures. For home value I use assessed value (usually a conservative number) and plug in the mortgage balance to offset. All the accounts are updated by month end statement figures, etc.

It has really helped me track everything that we have, and SEE the growth over time, which is very encouraging. Of course, you have to have the stomach to just plug in the numbers and avoid vomiting when years like 2008 come around, but then you can see exactly when you got back to where you were, and be like "hey, for the end of the ****ing world, that didn't take too long to recover from".

Anyway, I've found it useful for managing my financial life. Once you get the hang of it, updating the spreadsheet takes like half an hour a month. Not a big deal at all.
Just curious, do you count anything toward your net worth other than financial accounts and your house?
Posts: 1,131
scorpio < Tried to steal Andy's chili fries.scorpio < Tried to steal Andy's chili fries.scorpio < Tried to steal Andy's chili fries.scorpio < Tried to steal Andy's chili fries.scorpio < Tried to steal Andy's chili fries.scorpio < Tried to steal Andy's chili fries.scorpio < Tried to steal Andy's chili fries.scorpio < Tried to steal Andy's chili fries.scorpio < Tried to steal Andy's chili fries.scorpio < Tried to steal Andy's chili fries.scorpio < Tried to steal Andy's chili fries.
    Reply With Quote
Old 06-27-2016, 04:34 PM   #33
Rain Man Rain Man is offline
Seize life. Be an ermine.
 
Rain Man's Avatar
 

Join Date: Jul 2001
Location: My house
Casino cash: $1468491
VARSITY
At various points in time I've calculated my net worth, but very infrequently so I never had timeline figures. I really wish I'd done what amnorix is doing. I should start now.
__________________
Active fan of the greatest team in NFL history.
Posts: 143,119
Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 04:35 PM   #34
eDave eDave is offline
Banned
 

Join Date: Jan 2013
Casino cash: $9998560
Quote:
Originally Posted by Rain Man View Post
At various points in time I've calculated my net worth, but very infrequently so I never had timeline figures. I really wish I'd done what amnorix is doing. I should start now.
I'm pretty obsessed with my spreadsheet.
Posts: 53,803
eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 04:40 PM   #35
Rain Man Rain Man is offline
Seize life. Be an ermine.
 
Rain Man's Avatar
 

Join Date: Jul 2001
Location: My house
Casino cash: $1468491
VARSITY
Quote:
Originally Posted by eDave View Post
I'm pretty obsessed with my spreadsheet.
Man, everyone has a spreadsheet but me.

I would only use a spreadsheet for this stuff. I'm too paranoid to use any kind of online tool to summarize everything I've got. I have nightmares of some Moldovan hacker wiping me out.
__________________
Active fan of the greatest team in NFL history.
Posts: 143,119
Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 04:44 PM   #36
eDave eDave is offline
Banned
 

Join Date: Jan 2013
Casino cash: $9998560
Quote:
Originally Posted by Rain Man View Post
Man, everyone has a spreadsheet but me.

I would only use a spreadsheet for this stuff. I'm too paranoid to use any kind of online tool to summarize everything I've got. I have nightmares of some Moldovan hacker wiping me out.
You can find plenty of templates out there. Some basic, some pretty granular.
Posts: 53,803
eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.eDave is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 05:10 PM   #37
lewdog lewdog is offline
Mod Team
 
lewdog's Avatar
 

Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $81900
I have a monthly budget spreadsheet and investment spreadsheet. Add in the equity from the mortgage and net worth is easy to calculate.

I love my spreadsheets.
__________________
2024 Royals game thread record 3-0
Posts: 46,133
lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 05:19 PM   #38
lewdog lewdog is offline
Mod Team
 
lewdog's Avatar
 

Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $81900
Investment tip I have recently learned. Please correct me if I have anything wrong. I can't wait to see some tips from some of you. I love talking about investing and savings/life goals.


Roth IRA tip. A Roth IRA is only for those not making Dane money. A Roth IRA investment account can actually be fairly liquid. Much advice that I have currently been reading is talking about funneling as much money (max hopefully $5,500/year) to your Roth IRA account over dumping extra money into a savings account and earning nothing. This is of course after you have built an emergency fund of 3-6 months. The caveat of doing this is that as long as the Roth IRA has been open for 5+ years, you can withdrawn your contributions at any time, tax free and with no penalties. Meaning that if I have contributed $20k to my Roth over 7 years, and it's currently worth $25k, I am allowed to withdraw up to $20k without penalty. Is this ideal, no. But in a sense, it acts as a second emergency fund as well. And an emergency fund with actual chance to grow unlike a savings account. The money would take at most a few weeks to get to you from my understanding. Easily in the window to pay for a major emergency. Withdrawing money from a 401k should be a last resort for most as the penalties caused by this are not worth it unless it's your last option.
__________________
2024 Royals game thread record 3-0
Posts: 46,133
lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.lewdog is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 05:21 PM   #39
SAUTO SAUTO is offline
Shit
 

Join Date: Jun 2008
Casino cash: $10039067
I have a safe room l where I take my cash and roll around in it.
Edit: I go in and make it rain on the on the wife every chance I get
Posts: 55,715
SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 05:26 PM   #40
LoneWolf LoneWolf is offline
Constable of Untruths
 
LoneWolf's Avatar
 

Join Date: Oct 2010
Location: Wichita
Casino cash: $1084
Quote:
Originally Posted by JASONSAUTO View Post
I have a safe room l where I take my cash and roll around in it.
Edit: I go in and make it rain on the on the wife every chance I get
Posts: 15,288
LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 05:30 PM   #41
R8RFAN R8RFAN is offline
Molôn Labé
 
R8RFAN's Avatar
 

Join Date: Sep 2001
Location: North Carolina
Casino cash: $8556872
I have 150k cash
I have about 250k in my 401k
My house and cars are paid for

I am 100% debt free

That's my portfolio , Not glamorous but I am happy
Posts: 23,170
R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.
Thumbs Up 2 Thumbs Down 0     Reply With Quote
Old 06-27-2016, 05:30 PM   #42
LoneWolf LoneWolf is offline
Constable of Untruths
 
LoneWolf's Avatar
 

Join Date: Oct 2010
Location: Wichita
Casino cash: $1084
I haven't looked at any of our investment accounts since last Thursday. I don't want to see the losses and make a bad decision out of panic. I'll just ride it out. If I was 62 instead of 43, I'd be worried.

I'm a big believer in index funds with a long-term approach. Just keep putting money into them and forget about it.
Posts: 15,288
LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 05:31 PM   #43
LoneWolf LoneWolf is offline
Constable of Untruths
 
LoneWolf's Avatar
 

Join Date: Oct 2010
Location: Wichita
Casino cash: $1084
Quote:
Originally Posted by R8RFAN View Post
I have 150k cash
I have about 250k in my 401k
My house and cars are paid for

I am 100% debt free

That's my portfolio , Not glamorous but I am happy
Pretty stupid to keep that much cash on hand. Make that money work for you.
Posts: 15,288
LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 05:33 PM   #44
R8RFAN R8RFAN is offline
Molôn Labé
 
R8RFAN's Avatar
 

Join Date: Sep 2001
Location: North Carolina
Casino cash: $8556872
Quote:
Originally Posted by LoneWolf View Post
Pretty stupid to keep that much cash on hand. Make that money work for you.
Ok ... gimme something safe to drop 10k in tomorrow
Posts: 23,170
R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.
    Reply With Quote
Old 06-27-2016, 05:36 PM   #45
LoneWolf LoneWolf is offline
Constable of Untruths
 
LoneWolf's Avatar
 

Join Date: Oct 2010
Location: Wichita
Casino cash: $1084
Quote:
Originally Posted by R8RFAN View Post
Ok ... gimme something safe to drop 10k in tomorrow
Something earning 1% interest is better than putting it underneath your mattress.
Posts: 15,288
LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.LoneWolf is obviously part of the inner Circle.
    Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 01:37 AM.


This is a test for a client's site.
Fort Worth Texas Process Servers
Covering Arlington, Fort Worth, Grand Prairie and surrounding communities.
Tarrant County, Texas and Johnson County, Texas.
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.