Search found 1951 matches
- Thu Mar 14, 2024 9:52 pm
- Forum: Personal Finance (Not Investing)
- Topic: The best game-changing financial advice you ever received (or "discovered")
- Replies: 120
- Views: 11147
Re: The best game-changing financial advice you ever received (or "discovered")
Becoming completely debt free. There is no such thing as good debt.
- Thu Mar 14, 2024 8:51 pm
- Forum: Personal Finance (Not Investing)
- Topic: College degree worthwhile for marketing?
- Replies: 112
- Views: 7123
Re: College degree worthwhile for marketing?
You should ask for your money back if she's not going to fulfill her obligation.
I have a degree in marketing. I ended up in software sales and love it. I would never recommend that my children get into marketing though.
She's near the finish line and she should finish and get the degree, then get into real estate or whatever profession she wants.
- Wed Mar 13, 2024 9:02 pm
- Forum: Investing - Theory, News & General
- Topic: What is the appeal of Robinhood
- Replies: 85
- Views: 5942
Re: What is the appeal of Robinhood
I would never trust my money with RobinHood. Especially after they locked the "buy" option in the app for GameStop during the frenzy.
DFS Superintendent Harris Announces $30 Million Penalty on Robinhood Crypto for Significant Anti- Money Laundering, Cybersecurity & Consumer Protection Violations
https://www.dfs.ny.gov/reports_and_publ ... Part%20200)%2C%20Money
Popular investing app Robinhood became the focus of the controversy after it decided to freeze trades for GameStop on Jan. 28.
https://www.cnet.com/personal-finance/i ... ntroversy/
DFS Superintendent Harris Announces $30 Million Penalty on Robinhood Crypto for Significant Anti- Money Laundering, Cybersecurity & Consumer Protection Violations
https://www.dfs.ny.gov/reports_and_publ ... Part%20200)%2C%20Money
Popular investing app Robinhood became the focus of the controversy after it decided to freeze trades for GameStop on Jan. 28.
https://www.cnet.com/personal-finance/i ... ntroversy/
- Mon Mar 11, 2024 9:26 pm
- Forum: Personal Investments
- Topic: Should I keep Renting or Sell Rental?
- Replies: 7
- Views: 829
Re: Should I keep Renting or Sell Rental?
I was going to say the the same thing. This isn't a great return for the amount of money you have tied up in it.thedayisbrave wrote: ↑Mon Mar 11, 2024 6:06 pm $1143 x 12 = $13,716 cash flow per year. On approx $446K in equity, that's about a 3.0% return. You could get more than that just in a HYSA or money market. I would sell.
- Sat Mar 09, 2024 9:34 am
- Forum: Personal Finance (Not Investing)
- Topic: Can I splurge on a family vacation to Hawaii?
- Replies: 56
- Views: 4803
Re: Can I splurge on a family vacation to Hawaii?
Yes! We went to Kauai from Christmas to New Year and then just did 2 weeks in Maui in Feb. It truly is paradise. If you can afford it, DO IT. We go annually.
- Fri Mar 08, 2024 6:46 pm
- Forum: Personal Investments
- Topic: Checkup: I'm way behind. Hope for late bloomers?
- Replies: 42
- Views: 5397
Re: Checkup: I'm way behind. Hope for late bloomers?
Good on you for posting and having a desire kick things into high gear. If my math is correct, you have $153K in investments. You're 41, so assuming you plan to work till 65, that leaves you 24 years left of wealth accumulation. Investing 45K is nearly 1/3 your income, which is impressive. Doing some back of the napkin math: $153K + $45K annually for 24 years earning 8% = $4.2M Not too shabby. I'm sure you'll be able to earn more as you progress in your career. If you can bump up investing to $50K, $60K or more, the number will get bigger or you'll be able to retire sooner. I think you're in decent shape. If you can contribute more or find a side hustle, you can build your egg faster.
- Sun Mar 03, 2024 12:12 pm
- Forum: Personal Consumer Issues
- Topic: When do electric cars stop making sense?
- Replies: 210
- Views: 16119
Re: When do electric cars stop making sense?
Test drive one. Absolutely love my f150 lightning.
We recently installed solar as well. Last week we produced enough to power our whole house, fully charged my truck, and still had excess that we sold back to the grid.
We recently installed solar as well. Last week we produced enough to power our whole house, fully charged my truck, and still had excess that we sold back to the grid.
- Sun Mar 03, 2024 10:01 am
- Forum: Personal Finance (Not Investing)
- Topic: Can we (and should we) buy this house?
- Replies: 62
- Views: 4272
Re: Can we (and should we) buy this house?
in terms of rent + mortgage overlapping, have you talked to your landlord about getting out of your lease early? I would try to work something out there.
- Sat Mar 02, 2024 11:38 am
- Forum: Personal Investments
- Topic: Portfolio Review - Help Needed
- Replies: 19
- Views: 2174
Re: Portfolio Review - Help Needed
Go with a simple 2 fund portolio. You'll get exposure to international in Total Stock Market Index Fund.
401k / Roth IRA - Total Stock Market Index Fund + Total Bond fund
Taxable Brokerage - Total Stock Market Index Fund
401k / Roth IRA - Total Stock Market Index Fund + Total Bond fund
Taxable Brokerage - Total Stock Market Index Fund
- Tue Feb 27, 2024 8:05 am
- Forum: Personal Finance (Not Investing)
- Topic: High Salary (>$500,000) careers
- Replies: 244
- Views: 28598
Re: High Salary (>$500,000) careers
Not under 40, but I was at one point in time! Enterprise software sales has allowed me to achieve many years earning over $500k when I was in my 30s and now in my 40s. It’s not a salary though. It’s being compensated for over achieving my sales goals annually.
- Tue Jan 30, 2024 8:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: Mortgage Payoff Calculation
- Replies: 12
- Views: 1392
Re: Mortgage Payoff Calculation
At your age and at that interest rate, I would not pay it off. Keep the $200K in the market.
- Mon Jan 22, 2024 10:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072536
Re: Share your net worth progression
Thank you! My asset allocation is 80/20 stocks to bonds. VTSAX and VBLTX are my two primary funds. I have $900K in a home that's paid for. $750K in a paid for investment property. The rest is in vanguard VTSAX and VBLTXBorqa45 wrote: ↑Fri Jan 19, 2024 6:32 pmAwesome progress congrats!! What is your net worth breakdown between real estate, stocks, bonds etc? I guess it is called asset allocation?TRC wrote: ↑Fri Jan 19, 2024 6:26 pm I love this. Been a boglehead since 2008. Stay the course!
Age Networth
32 $708,329
33 n/a
34 $835,968
35 $1,072,876
36 $1,323,059
37 $1,649,588
38 $1,818,197
39 $2,070,648
40 $2,416,072
41 $2,339,025
42 n/a
43 $3,289,325
44 $3,995,667
45 $3,626,466
46 $4,513,429
- Fri Jan 19, 2024 6:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072536
Re: Share your net worth progression
I love this. Been a boglehead since 2008. Stay the course!
Age Networth
32 $708,329
33 n/a
34 $835,968
35 $1,072,876
36 $1,323,059
37 $1,649,588
38 $1,818,197
39 $2,070,648
40 $2,416,072
41 $2,339,025
42 n/a
43 $3,289,325
44 $3,995,667
45 $3,626,466
46 $4,513,429
Age Networth
32 $708,329
33 n/a
34 $835,968
35 $1,072,876
36 $1,323,059
37 $1,649,588
38 $1,818,197
39 $2,070,648
40 $2,416,072
41 $2,339,025
42 n/a
43 $3,289,325
44 $3,995,667
45 $3,626,466
46 $4,513,429
- Sat Nov 20, 2021 6:47 am
- Forum: Personal Finance (Not Investing)
- Topic: Bought private shares of stock - shown as earned income?
- Replies: 7
- Views: 1069
- Fri Nov 19, 2021 9:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: Bought private shares of stock - shown as earned income?
- Replies: 7
- Views: 1069
Bought private shares of stock - shown as earned income?
Editing my post with more accurate figures. I resigned from a security startup back in July where I exercised 30,002 shares of stock that I had vested. The company is still private and I intend to hold the stock for a future anticipated exit. The purchase price was approximately $59,730.28 to buy the shares and my company charged me an additional $46,221.62 in federal / state taxes based on the fair market value price when I purchased them. The fair market value price is $7.24 per share. Out of pocket I paid $105,951.90. On my final paystub, they added a line item of $157,484.20 of earnings titled "non qualified stock options" that is shown as W2 income. I ran this by my CPA and he's saying I now need to pay taxes on this $157K as...
- Wed Nov 17, 2021 6:41 am
- Forum: Personal Finance (Not Investing)
- Topic: Financial Advisor or No
- Replies: 74
- Views: 6563
Re: Financial Advisor or No
Our will was created by a lawyer, not a financial advisor.
No, you don't need a financial advisor. Have your partner read Simple Path to Wealth by JL Collins.
No, you don't need a financial advisor. Have your partner read Simple Path to Wealth by JL Collins.
- Sat Sep 04, 2021 6:52 pm
- Forum: Personal Investments
- Topic: Pay down mortgage at 2.75% or invest?
- Replies: 177
- Views: 19705
Re: Pay down mortgage at 2.75% or invest?
I think this depends on how much you already have invested. Are your investments well funded or do you need to play catch up?
We paid our house off in our early 30's. No regrets.
To those saying invest instead, I wonder how many of them have refi'd to pull out equity and invest?
We paid our house off in our early 30's. No regrets.
To those saying invest instead, I wonder how many of them have refi'd to pull out equity and invest?
- Tue Aug 31, 2021 8:54 pm
- Forum: Personal Finance (Not Investing)
- Topic: Spend $75,000 to update rental property?
- Replies: 38
- Views: 4963
Re: Spend $75,000 to update rental property?
Have you considered selling it and investing in VTSAX?
$380K - 5% realtor fee = $361K net - $195 mortgage balance = $166K.
$166K invested in VTSAX compounded at 10% per year for 20 year = $1.1M
$380K - 5% realtor fee = $361K net - $195 mortgage balance = $166K.
$166K invested in VTSAX compounded at 10% per year for 20 year = $1.1M
- Sat Aug 21, 2021 6:10 am
- Forum: Personal Finance (Not Investing)
- Topic: blurred lines with work hours and working remote
- Replies: 169
- Views: 17834
Re: blurred lines with work hours and working remote
I feel your pain. This phrase really hit home for me. "Are you working from home or living at work?"
- Sat Aug 07, 2021 7:53 am
- Forum: Personal Finance (Not Investing)
- Topic: Can I Retire Today?
- Replies: 96
- Views: 16409
Re: Can I Retire Today?
Two questions:ccmichaelson wrote: ↑Fri Aug 06, 2021 8:39 am
- 1.7 million invested with wealth management company (all equities).
What's the annual advisor fee you're paying?
What funds do they have you in and what are the expense ratios?
- Sun Aug 01, 2021 7:10 am
- Forum: Personal Consumer Issues
- Topic: Ford Lightning EV
- Replies: 308
- Views: 30712
Re: Ford Lightning EV
I currently drive a Raptor (2018) and put a $100 deposit on a lightning. It's faster than my Raptor!
Anyone have any insight on when these will realistically become available?
Anyone have any insight on when these will realistically become available?
- Sat Jul 31, 2021 7:34 am
- Forum: Personal Finance (Not Investing)
- Topic: How much financial support do you plan on giving to your kids after high school?
- Replies: 177
- Views: 17717
Re: How much financial support do you plan on giving to your kids after high school?
Growing up as a kid, my father always said "you want something? Go figure out how to get it". They provided the basics for me as a kid and paid for most of my college, but that was it. Everything else was on me. It taught me at a very young age to work and to hustle. When I was 12, I was door knocking and found some neighbors that I could do yard work for. I still remember making $20 a week for neighbors when my allowance at home was $2.50 a week. I felt like I struck gold! When I turned 15, I got a job washing dishes working 12 hours shifts (not sure that would be legal today). It taught me at a young age to work hard, to save and to figure out ( on my own ) how to buy things. I remember saving up for my first mountain bike, whic...
- Wed Jul 28, 2021 6:35 am
- Forum: Personal Finance (Not Investing)
- Topic: Learning why real estate is so great
- Replies: 59
- Views: 12510
Re: Learning why real estate is so great
Imagine if you found a property valued at $500K, but you had the opportunity to buy it at $300k because the seller was motivated to get out. Would you jump on it? Deals like this happen all the time due to sellers being motivated to get out fast. Divorce, job loss, estate sale, etc. You just have to know how to find them.
- Wed Jul 28, 2021 6:30 am
- Forum: Personal Finance (Not Investing)
- Topic: What are your “rules” for how much real estate you’re comfortable buying?
- Replies: 75
- Views: 9253
Re: What are your “rules” for how much real estate you’re comfortable buying?
We have a NW at about 3.8M, of which 34% is real estate home equity.
- Mon Jul 19, 2021 8:04 pm
- Forum: Personal Finance (Not Investing)
- Topic: First time home buyer strategies against investors..?
- Replies: 21
- Views: 2681
Re: First time home buyer strategies against investors..?
I would sit on the sidelines till the market simmers down. It eventually will.
- Sun Jul 18, 2021 7:46 pm
- Forum: Personal Investments
- Topic: Rate My Roth IRA - 22 Year Old
- Replies: 21
- Views: 2476
Re: Rate My Roth IRA - 22 Year Old
At your age and with that balance, just buy the Total Stock Market Index fund and fund.
- Wed Jul 14, 2021 12:19 pm
- Forum: Personal Investments
- Topic: Guidance for new grad, 1st real job
- Replies: 29
- Views: 3450
Re: Guidance for new grad, 1st real job
Educate yourself on financial literacy. Develop a curiosity for it. Read good books about financial independence.
Tell your money were to go and use a budget.
Tell your money were to go and use a budget.
- Sat Jul 03, 2021 7:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Best financial decision ever made
- Replies: 81
- Views: 10827
Re: Best financial decision ever made
paying off my house in my 30s and investing like crazy during the bad times. Currently 43 and hope to achieve financial independence no later than 50.
- Sat Jun 19, 2021 5:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buying a home in San Francisco
- Replies: 28
- Views: 4349
Re: Buying a home in San Francisco
Hard to answer without knowing what your monthly bills are. After you pay for food, transportation, insurance, entertainment, etc, how much is left over each month?
- Thu Jun 17, 2021 11:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Can we afford a $650k house?
- Replies: 28
- Views: 4162
Re: Can we afford a $650k house?
You're saving $30K a month and you're wondering if you can afford a $650K house?
Is this a trick question?
Is this a trick question?
- Sun Jun 13, 2021 5:41 am
- Forum: Personal Investments
- Topic: Retirement Plan Review - Is it sound?
- Replies: 15
- Views: 3196
Re: Retirement Plan Review - Is it sound?
Is the rental property worth the hassle?
At a value of $510K investment yielding $12,000 a year, you're getting a 2.35% annual return....less than inflation.
I'd consider selling it, paying off your mortgage and investing the rest in your taxable account.
At a value of $510K investment yielding $12,000 a year, you're getting a 2.35% annual return....less than inflation.
I'd consider selling it, paying off your mortgage and investing the rest in your taxable account.
- Tue Jun 08, 2021 6:35 am
- Forum: Personal Finance (Not Investing)
- Topic: Anyone regret paying off mortgage early?
- Replies: 2483
- Views: 291517
Re: anyone regret paying off mortgage early
If the S&P tanks during the next 10 years, you'll be a genius for paying off your mortgage early. If it continues to soar, you'll likely regret paying it off early.
That being said, we chose to pay off our primary residence in our 30s and will soon be paying off our second rental property this year in our early 40s. For us it comes down to personal preference, peace of mind, freeing up monthly cash flow and knowing that if I lose my job, I don't need to worry about writing large mortgage checks each month.
That being said, we chose to pay off our primary residence in our 30s and will soon be paying off our second rental property this year in our early 40s. For us it comes down to personal preference, peace of mind, freeing up monthly cash flow and knowing that if I lose my job, I don't need to worry about writing large mortgage checks each month.
- Tue Jun 08, 2021 6:25 am
- Forum: Personal Finance (Not Investing)
- Topic: Selling Private Stock Options & tax implications
- Replies: 1
- Views: 354
Selling Private Stock Options & tax implications
I will soon be leaving from a privately held software startup where I have vested 30,000 shares that will cost me about $2.00 a share to buy them ($60K). We are a relatively hot startup as we just completed a Series E funding round and there is a lot of buzz. There is demand on the secondary market where former employees have been selling their shares at $15/share through sites like www.sharespost.com.
Curious if anyone has experience selling stock options on the secondary market and tax implications? My plan was to sell a chunk of shares enough to get my initial investment of $60K back. As I understand it, I'd have to pay federal income tax and state income tax on the sale price. Do I also have to pay tax when buying the shares?
Curious if anyone has experience selling stock options on the secondary market and tax implications? My plan was to sell a chunk of shares enough to get my initial investment of $60K back. As I understand it, I'd have to pay federal income tax and state income tax on the sale price. Do I also have to pay tax when buying the shares?
- Sun Jun 06, 2021 7:12 am
- Forum: Personal Finance (Not Investing)
- Topic: Vacation home frenzy?
- Replies: 109
- Views: 21713
Re: Vacation home frenzy?
I have a second home in Vacationland (Maine) and typically during this time of year there are at least 50 lakefront homes for sale in our region and right now, five out of the 10 are pending. There are zero available on my lake when there might be at least a dozen in other years. People who have had lots for many, many years are placing them on the market seeing this as a once in a lifetime opportunity to make the most cash. And there are no rentals available this summer. I too have a vacation home in Maine at the beach, just south of Portland. It's a small 4 unit condo association. I was up Friday and Saturday of this week hanging out and my neighbor's unit just went on the market on Thursday for $555K. By Friday he had 20 showings and mu...
- Thu Jun 03, 2021 6:44 am
- Forum: Investing - Theory, News & General
- Topic: I'm calling a bottom in real estate
- Replies: 139
- Views: 20307
Re: I'm calling a bottom in real estate
I disagree. I think there is a tsunami of foreclosures on the horizon.
- Sun May 30, 2021 6:10 am
- Forum: Personal Investments
- Topic: Learned of the Boglehead way this year, but need help with implementation/allocation
- Replies: 19
- Views: 2898
Re: Learned of the Boglehead way this year, but need help with implementation/allocation
Congrats on finding this! I would suggest implementing a simple 3 fund portfolio: https://www.bogleheads.org/wiki/Three-fund_portfolio
Bonds are tax in-effcieint, so keep them in your 401K or Roth IRA. Keep it simple, invest as much as you can, pay off debt and enjoy life!
Bonds are tax in-effcieint, so keep them in your 401K or Roth IRA. Keep it simple, invest as much as you can, pay off debt and enjoy life!
- Sun May 30, 2021 6:03 am
- Forum: Personal Investments
- Topic: How much of your disposable income should go into the market?
- Replies: 12
- Views: 2537
Re: How much of your disposable income should go into the market?
If you have no other things to save for, fund a back door Roth IRA then start funding a taxable account.
Wiki -> https://www.bogleheads.org/wiki/Priorit ... nvestments
Wiki -> https://www.bogleheads.org/wiki/Priorit ... nvestments
- Wed May 26, 2021 6:44 am
- Forum: Personal Finance (Not Investing)
- Topic: Anyone hate their vacation home?
- Replies: 128
- Views: 23640
Re: Anyone hate their vacation home?
We own a secondary vacation home / rental property. It's a beach condo 2 hours from our house 1 street back from the ocean. There are pros & cons to it, but overall for us the pros outweigh the cons in our experience: We bought it in 2010 initially with the idea of using it as a summer home. We didn't purchase it till we had our primary residence paid off and we put 50% down to keep the cost low. When we purchased it we were 33 with a 3 year old and a newborn. The first summer was a blast, but like others have said, commuting up & back every weekend does eventually get old. After the first season we decided to rent it on a weekly basis through VBRO for $4,000 a week. Looking back at my rentals from 2011, we've grossed about $300k in...
- Tue May 18, 2021 9:59 pm
- Forum: Personal Finance (Not Investing)
- Topic: Making offer well-over asking price?
- Replies: 58
- Views: 14782
Re: Making offer well-over asking price?
Reading this makes me want to sell my beach home.
- Sun May 16, 2021 7:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: If your net worth is over $3 million, how did you do it?
- Replies: 913
- Views: 239066
Re: If your net worth is over $3 million, how did you do it?
Getting into Technology Sales and being very good at my craft.
- Sun Apr 18, 2021 8:04 am
- Forum: Personal Finance (Not Investing)
- Topic: Buying Vacation Home with Parent?
- Replies: 13
- Views: 1545
Re: Buying Vacation Home with Parent?
I own a vacation home (have for 11 years). It's not a great investment and is work.
My advice would be to just go on vacations instead.
If you must buy a vacation home, buying with another person (especially in-laws) is a recipe disaster.
My advice would be to just go on vacations instead.
If you must buy a vacation home, buying with another person (especially in-laws) is a recipe disaster.
- Sat Apr 10, 2021 8:17 am
- Forum: Personal Finance (Not Investing)
- Topic: Do budgets work?
- Replies: 122
- Views: 7463
Re: Do budgets work?
Yes, they do work. 100%. I've been using You Need A Budget (YNAB) for 10+ years. I just finished my weekly reconciliation this morning actually.
- Sat Apr 03, 2021 7:09 am
- Forum: Personal Consumer Issues
- Topic: Landscape design plans
- Replies: 12
- Views: 1418
Landscape design plans
I need a frond yard makeover - namely the plantings in front of our house. Last year I contacted a reputable person here in Massachusetts and she wanted to charge me $5,000 to design plans. $5,000! All I'm looking for is a plan to tell me what to plant and where. A blueprint if you will.
Does anyone know of a cost effective option for getting this done? Maybe even something that's virtual where I upload pictures and they are able to do a before & after with what the plantings will look like?
Does anyone know of a cost effective option for getting this done? Maybe even something that's virtual where I upload pictures and they are able to do a before & after with what the plantings will look like?
- Thu Apr 01, 2021 6:14 am
- Forum: Personal Investments
- Topic: Two years ago, I got serious about investing for my future. Update / Advice
- Replies: 19
- Views: 4279
Re: Two years ago, I got serious about investing for my future. Update / Advice
This WiKi on investing priorities should be helpful: https://www.bogleheads.org/wiki/Priorit ... nvestments
Nice job getting serious about building wealth. I think you're in very good shape. I'm sure you know this, but starring a family will mean a massive increase in expenses. I have 2 kids myself and cloths, food, sports activities, school activities, vacations, etc. all add up. I would continue to invest as much as you can while you're still DINKs.
Nice job getting serious about building wealth. I think you're in very good shape. I'm sure you know this, but starring a family will mean a massive increase in expenses. I have 2 kids myself and cloths, food, sports activities, school activities, vacations, etc. all add up. I would continue to invest as much as you can while you're still DINKs.
- Thu Mar 25, 2021 7:17 am
- Forum: Personal Finance (Not Investing)
- Topic: How to Deal with Worry of job loss and providing for family?
- Replies: 127
- Views: 14214
Re: How to Deal with Worry of job loss and providing for family?
Yes, I'm in the same boat. I'm the sole provider for my family and I've been fired before in my early 20s as a result of the dot.com bubble bursting. Here's how I deal with it:
We paid off our house and have zero debt.
We have a 6 month E-Fund
We have a $400K HELOC in case we need more E-Fund money
We save and invest like crazy. We are close to achieving FIRE...I expect we'll be there in 5 years, possibly sooner.
That being said, I still worry a lot...especially this year. Might be amplified by Covid, I don't know.
We paid off our house and have zero debt.
We have a 6 month E-Fund
We have a $400K HELOC in case we need more E-Fund money
We save and invest like crazy. We are close to achieving FIRE...I expect we'll be there in 5 years, possibly sooner.
That being said, I still worry a lot...especially this year. Might be amplified by Covid, I don't know.
- Tue Mar 23, 2021 8:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tales from this insane real estate market [Home sales]
- Replies: 2907
- Views: 515670
Re: Tales from this insane real estate market
Good for you and smart move. In the words of Warren Buffet - "Be fearful when others are greedy and greedy when others are fearful".
- Sun Mar 21, 2021 4:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Advice to friend?
- Replies: 23
- Views: 2435
Re: Advice to friend?
You could always gift him books that may help him come to his own conclusion. One that did it for me was John Bogle's "Little Book of Common Sense Investing".
- Sat Mar 20, 2021 5:27 am
- Forum: Investing - Theory, News & General
- Topic: Were You Around During Dotcom Bubble?
- Replies: 266
- Views: 26710
Re: Were You Around During Dotcom Bubble?
Yes. I graduated college in 2000 and landed a tech sales job out of college. The market was insane. I invested 5K in a Fidelity Tech Mutual fund at the peak and then it literally went down to like $700 (maybe less, I forget) and I sold it. Then I got fired in 2001 as the bubble burst. Double ouch! That's definitely a double ouch! But you survived it and I'm sure lots of lessons were learned and better opportunities had. Great point and yes I did! It was a painful lesson, but one I'm glad I experienced. It taught me a few lessons: - No job is totally secure. I was THE top performer in my group and I was let go. - Live below your means and invest, save and pay off debt as fast as you can (because of the first lesson). I paid my house off ear...
- Sat Mar 20, 2021 4:46 am
- Forum: Personal Finance (Not Investing)
- Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
- Replies: 211
- Views: 20781
Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
I went to Assumption College in Worcester and the WPI guys would always come up to AC to recruit girls to come to their parties. Or they'd come looking to crash our parties. WPI was mostly guys back in 96-2000 during my era.
My highschool friend and now neighbor went to WPI. He loved it and now has an extremely successful career working for Moderna Pharmaceuticals.
It's a fantastic school and Boston is a mecca right now for Biotech and Engineering Jobs.
My highschool friend and now neighbor went to WPI. He loved it and now has an extremely successful career working for Moderna Pharmaceuticals.
It's a fantastic school and Boston is a mecca right now for Biotech and Engineering Jobs.
- Sun Mar 14, 2021 10:22 am
- Forum: Personal Finance (Not Investing)
- Topic: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?
- Replies: 98
- Views: 11398
Re: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?
Can you list out your other expenses? How does this fit into your budget?