Bogleheads.org

InvestorP

The best advice I can give is to be a very boring investor. Boring just means no day trading and watching your portfolio every minute.

InvestorP

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! ...

InvestorP

Cheddar News I think is unbiased. I watch them for my generic news. For financial news I watch Bloomberg television, sometimes they sprinkle generic news with their financial reporting but I think they're pretty unbiased. As long as humans write and report the news, you'll never be able to get unbia...

InvestorP

I also vote to decline the offer. If this is not a job you would do for free then don't do it for the 840k. Because with 6m, money is not an issue for you. Your health and happiness are now the priority in your life.

InvestorP

I opened one a couple of years ago and I haven't had any issues. Just buy and leave it alone and you're set.

InvestorP

One of the things I do to be frugal is not pay for a traditional cell phone plan. I have a free google number and use wifi for all my calls and text.

InvestorP

You might already be ahead of me on this but get your website up and ready if you haven't already done so. Even though your business will not be an E-business, you'll probably want to get a big chunk of your clients through your website. So a nice looking website is a great way to start. Then you mi...

InvestorP

I hope I do not have to move, but at least now moving my money is not that much of a worry anymore. What is it about the move that stresses you? Is it just the question of accounts? Yes, it's the question of how to move my accounts. But I've gotten some good advice here which makes it less stressfu...

InvestorP

I've had some additional time to look more into this and I spoke with a Schwab representative and it does appear that my best bet is to move everything into a Schwab U.S account and when I move to Canada I can then transfer my U.S account into an International Schwab account seamlessly. I hope I do ...

InvestorP

I'm curious why you can't access them? Or is just that you can no longer invest in US funds and have to close and move them to Canada? It has a lot to do with tax and trade laws which is very complicated I'm sure. All of the companies mentioned in my original post do not operate in Canada which is ...

InvestorP

Anyone ever had to move to Canada from the U.S.? I'm wondering how did you go about moving all your finances. While doing online research it seems like a huge headache. If I had a choice I would just stay in the U.S., but I actually don't have a choice to make a long story short. It has to do with i...

InvestorP

A lot of good advice here, guys. I've decided to take it from my personal savings. Like a loan to myself. I will make sure to pay it back. Thanks, everyone for weighing in. I'm just happy my emergency money is still in a good position. That's definitely my last resort. And I know all those different...

InvestorP

Thanks for all the quick and great advice. Let me answer the questions. @ L82GAME: Are your personal savings part of your overall AA? I'm still a newbie to investing, I'm assuming AA means Asset Allocation correct? My personal savings is designed for business investments I'm working towards. Such as...

InvestorP

I have a dilemma. I have a $2,500 unexpected expense that I need to take care of in a couple of weeks. It's not an emergency but it is extremely important. Should I take that money from my personal savings, emergency fund, or sell fun money stocks? I do have an everyday spending account (separate fr...

InvestorP

I learned about ARK this year when Tesla started going crazy. I looked further into them and I really like their philosophy. I bought a couple of shares and as someone else mentioned, I hope they are the next Berkshire.

InvestorP

As I'm sure you know, technology moves fast. I think you'll be okay with the 5G. It will probably be quite a while before we move to the next technology beyond 5G. So if you're worried about the 3-5 years factor, you'll be fine. To give you a time frame, 4G was introduced back in 2010. So It's safe ...

InvestorP

So many books out there on this topic. My personal favorite that got me started was "The Millionaire Nextbook." Changed my mind about wealth. But the book that got me to saving and managing money is this little small unknown book called "Let's Talk Money: Get Budget Results Without a ...

InvestorP

Good thread. I'm also looking into doing this. Like Gray mentioned, banking with a U.S. bank that has branches overseas is a great option. I was looking into Citigroup. I think they have the most international branches than any other U.S. bank.

InvestorP

I'm glad the OP asked this question. I too was wondering how this process works. You guys have some amazing replies.

InvestorP

Thank you everyone for weighing in. I have a better understanding now on how to proceed.

InvestorP

Wow, this is even more complicated than I thought. But I'm starting to understand. Say if I bought some Apple stocks and I now want to sell all the Apple stocks in my portfolio (just an example, I'm not actually doing this) how will I know if I'm selling the long term stocks compared to the short te...

InvestorP

I'm a newbie to investing and I'm a bit confused about something. I understand long term capital gains are stocks held a year or longer and short term is less than a year. But what if say you're continuously adding money to an account say buying stocks every month. But you've held that account for o...

InvestorP

I have a small amount of fun money invested in ARKK. I really like their thought process to invest in disruptive companies. It's definitely a risky way to manage a fund, but imagine investing in Amazon, Google, or Netflix before what they are now? All these companies were/are disruptors. So Ark's th...

InvestorP

Very cool news. Thanks for sharing.

InvestorP

I really wish someone had educated me about these things a decade ago. However I know talking about money/finances is generally frowned upon socially so most people don't. Do you guys try to educate or talk to your social circle about these things? Why or why not? EDIT: Additional question for the ...

InvestorP

I use Robinhood to invest with my fun money. The UI is one of the best reasons I stick around and I think is what attracts newbies to it.

I do worry about them suddenly shutting off the lights and making off with my money in the middle of the night though.

InvestorP

Probably because gold has been universally accepted as a valuable commodity across multiple civilizations throughout the planet for thousands of years. All the investments in gold are through the stockmarket though. The average investor doesn't actually own physical gold. So I'm thinking if society...

InvestorP

Probably because gold has been universally accepted as a valuable commodity across multiple civilizations throughout the planet for thousands of years. All the investments in gold are through the stockmarket though. The average investor doesn't actually own physical gold. So I'm thinking if society...

InvestorP

I think it's so wonderful that you want to end the cycle of poverty for your family. With that mindset and it looks like you are determined, I think you will do just great. And if you haven't started already, it's also important to teach your kids about how to handle money properly. Because the cycl...

InvestorP

I have a Discover debit card and so far I haven't come across any issues of it not being accepted. But I never thought because it doesn't have the "Visa" or "Mastercard" logo it's possible it may not be accepted in all places. Good point.

InvestorP

I am also glad that a Tesla thread is back on this forum where all commenters are now discussing with cool heads. I initially got one TSLA share of $100 with my fun money since all the rest of my investing money was in index funds. I decided to get TSLA share because I liked the idea of someone mak...

InvestorP

Excellent job and saving and being debt-free. You seem like a very frugal individual and it's paid off. Keep up the great work and welcome to the forums.

InvestorP

Although I was definitely around, I was not involved in the stock market. But I do know about that infamous era. Did any of you guys dabbled in the stock market then and what lesson did you learn? The recent boom in tech stocks and listening to all the analysts talk makes me think Dotcom 2.0 is on ...

InvestorP

Wow, a lot of very personal stories here. I appreciate you guys for sharing. This is giving me a better understanding of how things were back then and how I should proceed now. I remember watching this documentary a while back about the dot com bubble and remember this company called Kozmo.com. The ...

InvestorP

Although I was definitely around, I was not involved in the stock market. But I do know about that infamous era. Did any of you guys dabbled in the stock market then and what lesson did you learn? The recent boom in tech stocks and listening to all the analysts talk makes me think Dotcom 2.0 is on t...

InvestorP

Like willthrill81 mentioned nothing beats boots on the ground. But here's a few more places where you can check neighborhood crime data. I plan on buying a property next year and I also will be doing my research.

www.neighborhoodscout.com

www.spotcrime.com

www.areavibes.com

InvestorP

I would not invest for retirement in individual stocks. But if you have some play money that you don't mind losing then sure why not.

InvestorP

Why not consider getting a starter home in that same area if possible? Maybe something under 500k? When you are ready to have a family, keep that house as an investment property and have the tenants pay it down for you. Then you and your new family can move to buy that bigger property. That original...

InvestorP

Most investors are not looking at them as a car company but more so a tech company. I think that explains the stock price. I do have some fun money in Tesla stock and it's been fun to watch it go up. But if it does go down eventually, that is money that I don't mind losing because my real money is i...

InvestorP

Second, because my mentor Ray Dalio has taught me to look for thoughtful disagreement. He has encouraged me to seek knowledgeable people who disagree, in order to thrash out and seek the truth. Should anyone intelligently disagree with my intuition, I will give their argument serious thought and I ...

InvestorP

You've pretty much laid out the most commonly recommended options. I'd probably go for a HYSA or reward checking account. Just yesterday I learned one of my local credit unions offers a "high-yield' checking account with 5% APY on a balance of up to $10k, if you have requisite monthly direct d...

InvestorP

I moved within walking distance from work and got rid of my car which allowed me to save and invest.

InvestorP

If it's at the stage of debt collecting, then I would think it should be on your credit report. You can now get your credit report for free every week with all 3 major credit bureaus due to the pandemic.

But you did the right thing by not providing them your social.

InvestorP

That's interesting. I've always thought that credit card companies like it when you stay way below your limit. It doesn't seem right that they're punishing you for being great at money management.

Ask to speak to a supervisor. You never know.

InvestorP

This was great information. I did not know this was the difference between the two. Thank you original poster for posting this question.

InvestorP

In my opinion it's because of their enterprise cloud strategy. Let's take AAPL out of the lot because it's a different kind of company, because Apple's growth traditionally have come from selling devices, now they are transitioning more to services. AMZN and MSFT are the two enterprise cloud leader...

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