Money Investing megathread extravaganza - Page 766

**DaFace** · 06:35 PM

A place to talk about investing stuff.

neech · 09-22-2021, 11:21 PM

Thanks lewdog.

**Buehler445** · 09-23-2021, 06:39 AM

What the hell. I’ll throw a little in my piddle account. I’m out of good ideas there.

neech · 09-23-2021, 07:40 AM

PAVM Buehler.

**Buehler445** · 09-23-2021, 08:18 AM

Quote:

Originally Posted by neech

PAVM Buehler.

Looks like that dude already took off.

neech · 09-23-2021, 09:45 AM

Keeps inching forward.

Hog's Gone Fishin · 09-23-2021, 07:24 PM

Got rid of CEI today . Just tired of watching it sit there. Came home and noticed it went up 29%, The Bitch!

Also dumped TWOH. Was down 6% after holding a week or so , looks like a bad choice. Came home and it had gone up 7% , The bitch!

Bought FERN at the open .up 25% today.

CYBL made me 17% today. Now up 140%

After two days of consolidation ILUS had another 23% run. Now up 720% It's at .40 and the target is $1-$3

I'm really getting addicted to these penny stocks

**Buehler445** · 09-23-2021, 10:14 PM

Those BITCHES.

Sounds like you got a bit of the Buehler luck going on.

Hog's Gone Fishin · 09-23-2021, 10:18 PM

Quote:

Originally Posted by Buehler445

Those BITCHES.

Sounds like you got a bit of the Buehler luck going on.

I sat on a ton, a ****ing ton of KBLB for like 2 years at .02 Sold it off and the very next day it went to like .12

Sometimes it just blows your mind why things do what they do.

**DaFace** · 09-24-2021, 10:35 AM

Broader PF question for you guys: How do you think about emergency funds when you're otherwise set up really well?

I'd consider my wife and I to be pretty well off these days. Stable jobs that pay well. Unlikely that we'd both lose them at the same time. We are pretty good at planning ahead and have savings specifically earmarked for major travel, car, and home improvement purchases.

I've always been pretty conservative about saving and currently have easily ~4 months of true "emergency savings" allocated that would cover the unlikely event of both job losses. But I keep looking at that savings account total (which includes all of the other major savings buckets) and wondering if I could do better with at least PART of what we have saved.

We have years worth of savings in our Roths, which we could tap into in a true catastrophe. We're at about 70% equity on our house, so I'm not really worried about foreclosure kinds of scenarios. I wouldn't ever just dump all of my savings into an aggressive portfolio, but just curious if you guys generally cheat on the "X months of emergency savings" recommendations once you have a pretty good cushion built up in other ways.

Jenson71 · 09-24-2021, 01:13 PM

I recommend putting some of the emergency savings into Chiefs failing to cover the spread. Ties it up for just a week and almost always nearly doubles your investment.

But in all seriousness, I'd say if you have the ability to get a HELOC at ~4% interest, you can afford to be less strict with emergency savings rules.

Full Disclosure: Not a financial adviser. Also, quite poor.

**Buehler445** · 09-24-2021, 02:22 PM

Quote:

Originally Posted by DaFace

Broader PF question for you guys: How do you think about emergency funds when you're otherwise set up really well?

I'd consider my wife and I to be pretty well off these days. Stable jobs that pay well. Unlikely that we'd both lose them at the same time. We are pretty good at planning ahead and have savings specifically earmarked for major travel, car, and home improvement purchases.

I've always been pretty conservative about saving and currently have easily ~4 months of true "emergency savings" allocated that would cover the unlikely event of both job losses. But I keep looking at that savings account total (which includes all of the other major savings buckets) and wondering if I could do better with at least PART of what we have saved.

We have years worth of savings in our Roths, which we could tap into in a true catastrophe. We're at about 70% equity on our house, so I'm not really worried about foreclosure kinds of scenarios. I wouldn't ever just dump all of my savings into an aggressive portfolio, but just curious if you guys generally cheat on the "X months of emergency savings" recommendations once you have a pretty good cushion built up in other ways.

I'm a bit of a cash whore. But (the little bit I have) the farmland I have is held personally, plus I incur typically substantial tax liability. So pretty good chance I'm keeping more than you need to, but damn man, cash always spends.

Looking at what you posted here objectively, it's unlikely any of the cash requirements would happen concurrently. I think it's reasonable to stick some more in your ROTHs.

There are some other components I'd look at. You obviously have cash flow if you're saving. You could tighten that up (additional principle on mortgage or increasing your 401K or IRA contributions), and "borrow" from cash buckets if weird stuff pops up.

Another thing, I don't know your leverage positions on cars, but I wouldn't be afraid to keep cash back as a general fund, and borrow money for the next car. Every time the wife buys a car I run amortization tables on payments and for no more than money costs right now, I typically hang onto it and leverage to the extent that my cash flow can handle it. And the last one she got is pretty expensive, so I'm definitely curtailing that one a bit for the sake of cash flow.

Real Estate is an option, but not everybody wants to be a landlord. And while typically Real Estate would be a more stable investment, I don't know WTF to think about RE out there.

I don't know your financials, but I'd say it's probably safe to stick some of that elsewhere.

JMO

Pablo · 09-24-2021, 02:30 PM

Sounds like you’ve got some money that would best thrown at AMC Face.

Hog's Gone Fishin · 09-24-2021, 02:33 PM

I have a 100K LOC at my disposal I can use for any emergency. I invest all my cash. That way my money is never sitting idle. If I ever needed to use the LOC for an emergency it's a tax deductible loan. I normally use the LOC for a major rental repair and then pay it off quickly with the rental income.

Didn't we just have this discussion??

ChiliConCarnage · 09-24-2021, 03:41 PM

Quote:

Originally Posted by DaFace

Broader PF question for you guys: How do you think about emergency funds when you're otherwise set up really well?

I'd consider my wife and I to be pretty well off these days. Stable jobs that pay well. Unlikely that we'd both lose them at the same time.

Assuming your pay is somewhat equal and either of you alone could cover a good chunk of the bills then, yeah, I think youre ok to shrink the emergency fund. There are conservative things you could do like laddering into government i-bonds that are probably better than holding cash most of the time.

In your position the emergency fund is really just there to help you sleep at night. Whatever you're comfortable with

Hog's Gone Fishin · 09-24-2021, 03:44 PM

Quote:

Originally Posted by ChiliConCarnage

Assuming your pay is somewhat equal and either of you alone could cover a good chunk of the bills then, yeah, I think youre ok to shrink the emergency fund. There are conservative things you could do like laddering into government i-bonds that are probably better than holding cash most of the time.

In your position the emergency fund is really just there to help you sleep at night. Whatever you're comfortable with

Can get a bottle of Melatonin for about $2

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-63101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,578

09-22-2021, 11:21 PM	#11476
neech MVP Join Date: Mar 2019 Location: KC Casino cash: $3420400	Thanks lewdog.
Posts: 7,622

09-23-2021, 06:39 AM	#11477
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $224734	What the hell. I’ll throw a little in my piddle account. I’m out of good ideas there.
Posts: 58,340

09-23-2021, 07:40 AM	#11478
neech MVP Join Date: Mar 2019 Location: KC Casino cash: $3420400	PAVM Buehler.
Posts: 7,622

09-23-2021, 09:45 AM	#11480
neech MVP Join Date: Mar 2019 Location: KC Casino cash: $3420400	Keeps inching forward.
Posts: 7,622

09-23-2021, 07:24 PM	#11481
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $-239523	Got rid of CEI today . Just tired of watching it sit there. Came home and noticed it went up 29%, The Bitch! Also dumped TWOH. Was down 6% after holding a week or so , looks like a bad choice. Came home and it had gone up 7% , The bitch! Bought FERN at the open .up 25% today. CYBL made me 17% today. Now up 140% After two days of consolidation ILUS had another 23% run. Now up 720% It's at .40 and the target is $1-$3 I'm really getting addicted to these penny stocks
Posts: 40,658

09-23-2021, 10:14 PM	#11482
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $224734	Those BITCHES. Sounds like you got a bit of the Buehler luck going on.
Posts: 58,340

09-24-2021, 10:35 AM	#11484
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-63101	Broader PF question for you guys: How do you think about emergency funds when you're otherwise set up really well? I'd consider my wife and I to be pretty well off these days. Stable jobs that pay well. Unlikely that we'd both lose them at the same time. We are pretty good at planning ahead and have savings specifically earmarked for major travel, car, and home improvement purchases. I've always been pretty conservative about saving and currently have easily ~4 months of true "emergency savings" allocated that would cover the unlikely event of both job losses. But I keep looking at that savings account total (which includes all of the other major savings buckets) and wondering if I could do better with at least PART of what we have saved. We have years worth of savings in our Roths, which we could tap into in a true catastrophe. We're at about 70% equity on our house, so I'm not really worried about foreclosure kinds of scenarios. I wouldn't ever just dump all of my savings into an aggressive portfolio, but just curious if you guys generally cheat on the "X months of emergency savings" recommendations once you have a pretty good cushion built up in other ways.
Posts: 52,578	1 0

09-24-2021, 01:13 PM	#11485
Jenson71 fides quaerens intellectum Join Date: Oct 2003 Location: United States Casino cash: $8330900	I recommend putting some of the emergency savings into Chiefs failing to cover the spread. Ties it up for just a week and almost always nearly doubles your investment. But in all seriousness, I'd say if you have the ability to get a HELOC at ~4% interest, you can afford to be less strict with emergency savings rules. Full Disclosure: Not a financial adviser. Also, quite poor. Last edited by Jenson71; 09-24-2021 at 01:22 PM..
Posts: 15,986	2 0

09-24-2021, 02:30 PM	#11487
Pablo Ultrabanned Join Date: Oct 2007 Location: Northland Casino cash: $-70644	Sounds like you’ve got some money that would best thrown at AMC Face.
Posts: 42,876

09-24-2021, 02:33 PM	#11488
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $-239523	I have a 100K LOC at my disposal I can use for any emergency. I invest all my cash. That way my money is never sitting idle. If I ever needed to use the LOC for an emergency it's a tax deductible loan. I normally use the LOC for a major rental repair and then pay it off quickly with the rental income. Didn't we just have this discussion??
Posts: 40,658