Im Debt free boys!
paid off my car loan a few months ago.
paid off all my credit card debts.
and I just made the last payment in my school loans.
hopefully my credit score takes a significant jump in a month.
and here's hoping there's a major housing correction in the next 12 months.
paid off my car loan a few months ago.
paid off all my credit card debts.
and I just made the last payment in my school loans.
hopefully my credit score takes a significant jump in a month.
and here's hoping there's a major housing correction in the next 12 months.
Money Market Funds at 3.9% APR right now. If you got a decent savings, that's the place to be for the short-term.
By reilo Go To PostMoney Market Funds at 3.9% APR right now. If you got a decent savings, that's the place to be for the short-term.US Bonds are fantastic options too.
With recession fears, it's a nice place to park your savings for a while.
https://www.bloomberg.com/markets/rates-bonds/government-bonds/us
By Celcius Go To PostWhy do bonuses have to get taxed so much sigh
You're taxed on each income check as though you’ll be paid tbat every check … I believe
By Fenderputty Go To PostYou're taxed on each income check as though you’ll be paid tbat every check … I believeHere 1/3 gets taken in taxes for bonuses, for example I just sold some of my company stock… I had 60 shares but then 19 get taken for tax purposes.
even at the peak, Ramsey doubled down on telling people "its the best time to buy a house right now".
interest rates high? "there's no competition, so its the best time to buy a house right now"
he's a POS for encouraging people that have no business buying a house with limited budget.
interest rates high? "there's no competition, so its the best time to buy a house right now"
he's a POS for encouraging people that have no business buying a house with limited budget.
He's telling people to move to bumfuck nowhere and just buy a house to build wealth, omitting the context that people moving out of urban cores would be leaving behind much larger salaries and job opportunities.
He also said prices only go up when inventory is tight.
They're currently falling around socal and other parts of the country. 😂
They're currently falling around socal and other parts of the country. 😂
By Kabro Go To PostIm Debt free boys!Doesn't the opposite happen when you pay off all your debts?
paid off my car loan a few months ago.
paid off all my credit card debts.
and I just made the last payment in my school loans.
hopefully my credit score takes a significant jump in a month.
and here's hoping there's a major housing correction in the next 12 months.
Only for a month or two. It jumped back up before 60 days and started climbing higher than ever before.
yes sir, thanks chief.
now that im ready to finally buy a house,
its now the worst time to buy a house in US history.
now that im ready to finally buy a house,
its now the worst time to buy a house in US history.
By Kabro Go To PostHe also said prices only go up when inventory is tight.Feels like shit is only going up here. I hate it
They're currently falling around socal and other parts of the country. 😂
Making $150K is considered 'lower middle class' in these high-cost US citieshttps://www.foxbusiness.com/media/making-150k-considered-lower-middle-class-high-cost-us-cities
The cities that ranked with the highest incomes considered "lower middle class" include, in descending order: Arlington, Virginia; San Francisco; San Jose, California; Irvine, California; Seattle; Gilbert, Arizona; Plano, Texas; Scottsdale, Arizona; Washington, D.C.; and Chandler, Arizona.
By Batong Go To PostArizona??
It's all that ocean front property
I'm glad this thread was bumped so i can get another reminder that i once held a sizeable portion of both nvidia and Supermicro stock.
Most of my investments are in index funds but I'll buy specific tech companies that i think are going to do well. I've done pretty well picking the companies on the latter, except selling too early.
I bet if you looked at the Vanguard VGT ETF you would've noticed they probably held a large enough position in Nvidia along with other high-performing / emerging tech stocks. There's really no need to try and pick your own winners.
https://investor.vanguard.com/investment-products/etfs/profile/vgt#portfolio-composition
https://investor.vanguard.com/investment-products/etfs/profile/vgt#portfolio-composition
I just do total market. Set it and forget it.
For my 401k, there's not a blanket total market, so I piece it together using the available index funds, but this does give me the chance to tilt it to a certain degree. Maybe an extra percentage point on mid and small caps, for instance, plus a little of large caps peeled off for the Nasdaq 100.
But without tilting, picture...
Large caps ~72%
Mid caps ~19%
Small caps ~9%
With that as a starting point for domestic holdings, adjust as necessary to tilt ever so slightly, but then also think about international holdings and if you're keen on bonds (me: fuck that, too young). But if you do either, scale the domestic values back by the same percentages.
For example, having 20% international nets domestic as:
Large ~58%
Mid ~15%
Small ~7%
My numbers are not precisely that, because I'm not too heavy on international.
For my 401k, there's not a blanket total market, so I piece it together using the available index funds, but this does give me the chance to tilt it to a certain degree. Maybe an extra percentage point on mid and small caps, for instance, plus a little of large caps peeled off for the Nasdaq 100.
But without tilting, picture...
Large caps ~72%
Mid caps ~19%
Small caps ~9%
With that as a starting point for domestic holdings, adjust as necessary to tilt ever so slightly, but then also think about international holdings and if you're keen on bonds (me: fuck that, too young). But if you do either, scale the domestic values back by the same percentages.
For example, having 20% international nets domestic as:
Large ~58%
Mid ~15%
Small ~7%
My numbers are not precisely that, because I'm not too heavy on international.
CPI in February at 3.2% instead of the expected 3.1%.
the idea of multiple rate cuts in 2024 is becoming less likely.
the idea of multiple rate cuts in 2024 is becoming less likely.
https://www.reddit.com/r/REBubble/comments/1bnnp0l/new_home_prices_are_now_down_20_from_their_highs/
Dave Ramsey has been saying since the peak of 2022 that it was the best time to buy a house at that time.
Dave Ramsey has been saying since the peak of 2022 that it was the best time to buy a house at that time.
Dave Ramsey is Money Konex
EDIT:
EDIT:
This data is only for new builds, it does not include existing house sale prices.
Existing home prices fell some, but they started to raise again which lines up with seasonality.Boo to kado, booo
Ramsey emphasized the positive attributes of these generations, calling them "excellent generations." He lauded many millennials and Gen Zers for their diligence, financial savvy and adherence to principles of saving, investing and supporting the free enterprise system. Ramsey mentioned the young employees at Ramsey Solutions, describing them as hardworking people who exemplify the virtues of financial responsibility and independence.
Ramsey also offered a critique of a segment of these younger cohorts. He expressed his frustration, saying, "Then there's a segment of them that just sucks. They're just awful. I mean, their participation trophy, they live in their mother's basement, and they can't figure out why they can't buy a house because they don't work, you know, stuff like that."
might have left out some important info there
By diehard Go To Postmight have left out some important info thereI think I pretty much provided the only important bits
He literally qualified to the employees that work for him -- who happily align with his nonsensical and shitty financial views. He then took a giant brush and painted everyone else.
By reilo Go To PostHe literally qualified to the employees that work for him – who happily align with his nonsensical and shitty financial views. He then took a giant brush and painted everyone else.That's not what took from that statement. Making a general statement about a generation then using your employees as example isn't saying that they are the exception.
TBF I don't know really know anything about Dave Ramsey.
Keen to single out this group instead of tarring all Gen Z and millennials with the same brush, the University of Tennessee alumnus added: "It's just this one segment of whiners on TikTok or something because they don't want to face the fact that they've got to control the person in their mirror."
https://youtu.be/sHgrjppC2-0?t=170
Yes, my understanding of what he said was correct but man that headline is just so much better!
How is anything he said correct?
May as well have just pulled out some of the classics and called them Welfare Queens while he's at it.
May as well have just pulled out some of the classics and called them Welfare Queens while he's at it.
Eve if a segment of gen z sucks (lol) …. That’s not the reason they can’t afford to buy a house. Plenty of people who suck bought houses in previous generations