Cash poor, investment rich.
by therinlahhan First off, I use the term “investment rich” as a relative term. I know most people here have a lot more than I do in investments but relative to my “cash,” it’s significantly more. But that’s good. I …
personalfinance
Take advantage of opportunities that come your way
by jasta85 This is somewhat of a ramble of my experience regarding taking advantage of opportunities that life presents you as the ones I’ve had have significantly sped up my progress on my way to FIRE and don’t involve crazy …
Budget for single 29 year old on benefits in the UK
via error23_snake: This was made by averaging my past 6 months of income and costs, recorded in an Excel spreadsheet. The gas and electric costs were extrapolated to account for summer/winter variation as I’m on pre-payment meters. Diagram made using sankeymatic.com/. I …
Life on a Budget
by proBizcus I am in a great mood today and want to try to spread some confidence. I know life can be hard, and finances makes it a lot harder than it has to be. My wife, myself, and our …
Here is a cheat sheet I made for analyzing stocks technically, fundamentally and financially.
by coquinaa What to Look for Before Purchasing Stock Technicals Support levels, micro(15,30,1hr,4hr) and macro(daily,weekly, monthly, yearly). Resistance levels, micro and macro(same as above). Trend(is it bullish, bearish or currently consolidating)? • Make sure to look at micro and macro …
Difference between VTSMX, VOO and VTI?
by MemeologyPhd The way I understand it. VTI is every stock in america bundled into one stock. VOO is the top 500 stocks in america bundled into one stock. The stock bundles above are called ETFs (exchange traded funds), and you can …
What should I do now if I expect to be too disabled to work in 10-20 years?
by madoneforever A reddit friend asked me to comment since I’ve walked this journey already. I had a brief illness when I was 30 and then another long term disability hit when I was 38. The first illness was my wake-up …
Always saved as much as possible, just started a budget.
by Magic2424 I am currently 25, my parents raised me to save save save. Things like not having cable, only ever driving cars that cost >$1000, never eating out, camping vacations (rare). Because of this, my parents saved enough money …
What is a recession like?
by Zen ‘m 50, so I’ve lived through several. During the recession (s) in the early 1980’s I was a kid, and my father was in the military, so it didn’t affect us much. The peak unemployment rate in the …
BTFD (Buy The Dip) philosophy
by cwwmbm So, I’ve been doing some thinking that it would be nice to see some stats behind BTFD mentality. For that, the formalized metrics would have to be established of: What is the “dip”? When do you exit to …
Analysis: Bull case for Comcast (CMCSA) as Disney’s bid was better than expected.
by Volt52121 Overview: Disney’s new $38 offer for Fox assets was stronger than what most sell-side expected and will be difficult for Comcast to beat. I do not believe that Comcast can raise its bid to above $42 in an all-cash deal …
Two years ago I wanted to test a theory where I picked 25 small cap bio tech stocks listed on the NASDAQ, this is the results
I did no analysis on these stocks at all other than making sure they were listed on the NASDAQ and in the healthcare industry. They were also the 25 lowest market cap healthcare stocks listed. I used finviz to find …
I Truly Wish Someone Had Told Me About Being A Landlord Earlier In My Life
by fn0000rd We had a nice house and an easy life, and decided to sell it and make our money work harder for us while we were young. Just before the real estate bubble burst back around 2005, we sold …
If you are a homeless teen (age 16-22) in the U.S. or will be one soon, please do this
call 1-800-621-4000 They will tell you the location of the nearest shelter for homeless teens. There are programs in place all over the country to help people just like you find a safe place to live while you figure out …
Mortgage with $0 down, $0 PMI, $0 closing costs, and a 30-year 4.125% rate
One thing I haven’t seen mentioned lately is that there is an avenue to get a house with ideal terms: $0 PMI, 0% down, $0 closing costs, and a rate below what you would get with a 850 FICO from …
IRS sent CP14 letter stating 2017 taxes weren’t paid, but they were paid on time. This is our experience (a good one!) with getting it corrected.
by smelling_the_roses I’m posting this in the hopes that it helps someone else. On Thursday, my husband and I received a CP14 letter from the IRS saying our full balance of 2017 taxes were due. Of course we immediately worried …
Preparing for market crash
by Rutgeurr So I realize that statistically speaking it’s generally a bad idea to time the market. Statistically speaking it’s a good idea to buy a few ETFs that are tracking some of the major indices and this was …
If you haven’t filed your US Federal tax return yet because you owe and can’t pay, file it by June 14 to avoid the higher late-filing penalty.
by these-things-happen Taxpayers who owe tax and file their federal income tax return more than 60 days after the deadline will generally face a higher late-filing penalty. Ordinarily, the late-filing penalty, also known as the failure-to-file penalty (FTF), is assessed …
Jim Chanos mentions how he thinks executives leaving em masse is a huge red flag.
by kjk You have to understand that in this specific case Jim Chanos is not offering a statistically proven wisdom but picking facts to feed a narrative that serves his interests. Jim Chanos is a Tesla short. His interest is served …
Bank is offering $400 to open an account.
KeyBank “The gift will be reported on Form 1099-INT.” Get $4001 Open a qualifying checking account by 7/6/2018. Make a single KeyBank deposit of $500 or more within 60 days after account opening to get $400. Use offer code RETL0518 with your reservation number, …
How to Change Your Personal Finances in Just One Hour
by Daisy Luther, The Organic Prepper Personal finance is a subject that is fraught with emotion. Some of us are doing well and take pride in that fact. This can put blinders on us when we don’t see how we, …
Chase Bank insists a fraudulent charge was made by me because my card has a chip
by Peanutbutteryarn Sorry if this is a common problem but I’ve never not been believed when a fraudulent charge has been made. My credit card number has only been stolen once or twice before. On April 16th I used my …
Couple of tips that went a long way for me, financially.
by zade1996 So I was in the shower, pondering life’s mysteries and throwing out some comebacks to my school bullies 4 years too late, when I began to start thinking about the positive changes I’ve made financially. They saved my …
Why warren buffett does not buy amazon and google stock?
by WilliamNyeTho The buffettisms are to buy stocks that are: For a great price In an industry that you are capable of understanding Have a great competitive advantage Have great management Buffett, for the past few decades, has made it publically …
At the start of May I assessed my debt. High interest credit cards, student loans, and owing family money all add up to about 50k. I took action, here is what I did. Feedback Welcome.
by ConqueringDebt I am a late 20’s millennial who enjoys the finer things in life, like craft beer and keeping my 17 year old Subaru Outback running. I was very happy trudging my way through life slowly paying down my …
How can you earn income for owning short positions?
Jim Chanos talks with CNBC about shorting tesla He says that: “for most short positions you earn income” You receive the financing rate when you short an index (so you sell it above the index price) On something like tesla …
Fraud expert Frank Abagnale: Never use a debit card to pay for anything, if you can avoid it.
Use a credit card instead, where your liability, by law, is ZERO if your cc # is stolen and you report the theft within 30 days. The same is NOT true of debit card fraud – it can take several …
I’m a victim of credit card fraud. Scammers had merchandise shipped to me so the bank says the charge is valid.
Guest post by Cc_fraud_throway_ugh My dealings today have been frustrating enough I figure I should name and shame. The bank is Barclays and the product involved is the AAdvantage Aviator Red MasterCard. Not too long ago, I noticed some odd …
REITs investing
by dvdmovie1 Personally, I like REITs not from the standpoint purely of income, but to look for things that I believe are compelling “growth and income” stories, such as the cell tower REITs and logistics REITs (which I think benefit significantly …
Learn from me, I’ve lost $5745 since Jan 6th, by being stupid.
by I_eat_insects Many of us “know” not to time the market and to avoid over-hyped stocks, but despite this we sometimes let our less rationale selves win. That’s what I did and I lost $5745 since Jan 6th of this …