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08-10-2022, 05:28 PM | #13066 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-141532
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Quote:
I think just stocks or real estate would be better for the kids 10 years down the road. If you had I series bonds from the 80s still you're probably collecting 20%+ on govt backed bonds that aren't liable to state taxes and can defer fed taxes and keep compounding until maturity. That would be reason for a happy dance lol |
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Posts: 6,457
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09-01-2022, 07:38 AM | #13067 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $821110
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This market is slowly bleeding down.
September is traditionally a bad month for stocks. Anyone trying to bottom feed? Anyone about to throw in the towel? How are you investing any new cash?
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 52,854
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09-01-2022, 08:56 AM | #13068 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $821110
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I'm stunned at what has happened to NVDA
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 52,854
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09-01-2022, 09:37 AM | #13069 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-119523
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Posts: 40,646
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1 0 |
09-01-2022, 09:39 AM | #13070 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-119523
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This week I've added a few shares of AAPL,AMZN,TSLA,GOOGL to my long portfolio and a shit load of GBTC when below 12.50
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Posts: 40,646
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09-29-2022, 01:52 PM | #13073 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $821110
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I'm getting ready to get long with a bunch of long term call options. So many beaten into the ground stocks.
Yes, I know they can get cheaper but things are getting really valuable.
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 52,854
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09-30-2022, 10:27 PM | #13074 |
Inmem 2.0
Join Date: Aug 2007
Location: My house
Casino cash: $737558
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I got a job offer that's going to pay me more than I've ever made in my life (I'm a few years from 40 so I guess it's about time) I figure I'll have about 10-15k I want to invest my first year. Is that a good amount? Where should I begin?
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Posts: 76,563
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09-30-2022, 10:53 PM | #13075 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-119523
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Quote:
Oh wait, you probably rent , Buy your own home , get a fixer upper , live there for a year while you get it fixed up and then move to another house and rent that one out. that's how I did my first three. |
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Posts: 40,646
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10-01-2022, 03:39 AM | #13076 |
Snacks Are Under My Apron
Join Date: Jan 2006
Location: The Edge
Casino cash: $1191660
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Vehicle, chicks and other party favors
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Free DeBerg HayWire Greatest Almost Mod Ever In big nasty kcnut we trust |
Posts: 24,772
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10-01-2022, 06:44 AM | #13077 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $364734
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Quote:
The job will likely offer you a 401K. Hopefully with a ROTH option. If they don’t or it is a traditional 401K, start a self directed ROTH IRA. Max out ROTH investment. If it is a 401K with a ROTH option I believe the max is 20,500. If you have To use a ROTH IRA the maximum is 6,000. If you can max out the Roth investment then put the rest (or max out) a traditional 401K or traditional IRA. In those funds, either buy a S&P index fund or a Target Dated Retirement Fund. Do those things first. Operate the cheapest reliable vehicle, preferably paid for with cash (**** car payments). I honestly don’t know whether to tell you to buy a home in this lending/real estate environment. I’d lean no, especially if you currently have no retirement savings. Congrats man. Make that money. |
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Posts: 58,212
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10-01-2022, 07:24 AM | #13078 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-18100
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Quote:
Buehler is spot on so the only thing I'll add is that you should be saving at minimum 10% of your salary for retirement but 20% is preferable, especially if you're behind on retirement savings. But first you need an emergency fund like mentioned and you also need to be saving for a new car, so it's ok to start on the lower end of the retirement savings spectrum, but once those are accomplished you'll need to ramp up your amount. With every raise, add 1-2% to your retirement savings percentage. |
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Posts: 46,146
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10-01-2022, 09:26 AM | #13079 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-119523
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Now you can afford Monkeypox vaccine
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Posts: 40,646
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10-01-2022, 11:18 AM | #13080 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-18100
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You know what’s going to be nice?
When I’m not paying $800/month for preschool next year!!! |
Posts: 46,146
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