Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Hammock Parties]

gnus popping

ride to 15 now, bitch!!!

[Hog's Gone Fishin]

Originally Posted by philfree

DOCU is up another 9% today. TSLA is killin it as well.

I went ahead and bought it on the open. 20 shares and am up 198 Bucks. Prepare for the crash now. It's what I do.

[chiefzilla999]

Bought my first home. I got a 2.5% mortgage rate on a 30 year fixed conventional and a 5K first time home buyer grant which I can apply to down payment or closing costs. Boom boom pow.

[eDave]

Originally Posted by chiefzilla999

Bought my first home. I got a 2.5% mortgage rate on a 30 year fixed conventional and a 5K first time home buyer grant which I can apply to down payment or closing costs. Boom boom pow.

But why the mult?

[RustShack]

Originally Posted by chiefzilla999

Bought my first home. I got a 2.5% mortgage rate on a 30 year fixed conventional and a 5K first time home buyer grant which I can apply to down payment or closing costs. Boom boom pow.

How do you go about getting the 5K first time grant?

[Hog's Gone Fishin]

Originally Posted by chiefzilla999

Bought my first home. I got a 2.5% mortgage rate on a 30 year fixed conventional and a 5K first time home buyer grant which I can apply to down payment or closing costs. Boom boom pow.

That's awesome! Get an amortization that you can look at and put in additional principal payments and get that sucker paid off in 10 years and save 100K

[Rain Man]

Originally Posted by chiefzilla999

Bought my first home. I got a 2.5% mortgage rate on a 30 year fixed conventional and a 5K first time home buyer grant which I can apply to down payment or closing costs. Boom boom pow.

Nice work. You have achieved a key element of the American Dream.

[chiefzilla999]

Originally Posted by RustShack

How do you go about getting the 5K first time grant?

FHLB Topeka. Look there for info. I tried to post a link but I'm new and CP won't let me.

Applies to folks in Kansas, Colorado, Nebraska, Oklahoma. You need to live there at least 5 years for full benefit which you should any way if you're buying a house. If you move after 3 years you'd lose 2K of the grant. You must make under a certain amount, etc.

Originally Posted by Hog's Gone Fishin

That's awesome! Get an amortization that you can look at and put in additional principal payments and get that sucker paid off in 10 years and save 100K

That's one way to look at it but you also have to look at the opportunity cost (Can I make more than 2.50% in the stock market instead of paying extra on the mortgage?)

Originally Posted by Rain Man

Nice work. You have achieved a key element of the American Dream.

Thank you sir. Hoping to close on it this month.

[EPodolak]

Originally Posted by chiefzilla999

FHLB Topeka. Look there for info. I tried to post a link but I'm new and CP won't let me.

Applies to folks in Kansas, Colorado, Nebraska, Oklahoma. You need to live there at least 5 years for full benefit which you should any way if you're buying a house. If you move after 3 years you'd lose 2K of the grant. You must make under a certain amount, etc.


That's one way to look at it but you also have to look at the opportunity cost (Can I make more than 2.50% in the stock market instead of paying extra on the mortgage?)

Thank you sir. Hoping to close on it this month.

Hard to argue against making an extra payment or so each year, or a little extra each month. Most would agree though paying off a house all at once if you're in a position to is less profitable than investing that money, especially at that rate.

[chiefzilla999]

Originally Posted by EPodolak

Hard to argue against making an extra payment or so each year, or a little extra each month. Most would agree though paying off a house all at once if you're in a position to is less profitable than investing that money, especially at that rate.

30 years is a long time to have a debt hanging over your head so I could see paying it off just for the peace of mind even if it doesn't make the most sense for financial gain. I think later in life is when I would make the more aggressive payments as my investments would become more conservative anyway.

[Rain Man]

Originally Posted by chiefzilla999

30 years is a long time to have a debt hanging over your head so I could see paying it off just for the peace of mind even if it doesn't make the most sense for financial gain. I think later in life is when I would make the more aggressive payments as my investments would become more conservative anyway.

I had the same philosophy. My financial goals started with the goal of keeping myself from being homeless. I was willing to push harder on the house payments to achieve that goal first and foremost. It's a nice feeling to know that my home is paid for and all mine.

[scho63]

Boy, the market went nowhere today! All my stocks were unchanged.

[lewdog]

How far does NKLA fall?

My stop loss hit at $57 today.

[Hammock Parties]

Originally Posted by lewdog

How far does NKLA fall?

My stop loss hit at $57 today.

who cares

you're a sucker if you sell NKLA

this time next year it will be over 100

[lewdog]

Originally Posted by Hammock Parties

who cares

you're a sucker if you sell NKLA

this time next year it will be over 100

What if I profit now and buy in cheaper later provided this isn’t just a sales pitch company?