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The Meltdown Lounge>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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Pablo 02:30 PM 09-24-2021
Sounds like you’ve got some money that would best thrown at AMC Face.
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Hog's Gone Fishin 02:33 PM 09-24-2021
I have a 100K LOC at my disposal I can use for any emergency. I invest all my cash. That way my money is never sitting idle. If I ever needed to use the LOC for an emergency it's a tax deductible loan. I normally use the LOC for a major rental repair and then pay it off quickly with the rental income.

Didn't we just have this discussion??
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ChiliConCarnage 03:41 PM 09-24-2021
Originally Posted by DaFace:
Broader PF question for you guys: How do you think about emergency funds when you're otherwise set up really well?

I'd consider my wife and I to be pretty well off these days. Stable jobs that pay well. Unlikely that we'd both lose them at the same time.
Assuming your pay is somewhat equal and either of you alone could cover a good chunk of the bills then, yeah, I think youre ok to shrink the emergency fund. There are conservative things you could do like laddering into government i-bonds that are probably better than holding cash most of the time.

In your position the emergency fund is really just there to help you sleep at night. Whatever you're comfortable with
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Hog's Gone Fishin 03:44 PM 09-24-2021
Originally Posted by ChiliConCarnage:
Assuming your pay is somewhat equal and either of you alone could cover a good chunk of the bills then, yeah, I think youre ok to shrink the emergency fund. There are conservative things you could do like laddering into government i-bonds that are probably better than holding cash most of the time.

In your position the emergency fund is really just there to help you sleep at night. Whatever you're comfortable with



Can get a bottle of Melatonin for about $2
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Captain Obvious 03:32 PM 09-25-2021
Do you all handle your IRAs (Roth and Traditional) on your own or do you use a financial advisor? I changed jobs so I'm trying to figure out what to do with my old 403b.
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DaFace 03:42 PM 09-25-2021
Originally Posted by Captain Obvious:
Do you all handle your IRAs (Roth and Traditional) on your own or do you use a financial advisor? I changed jobs so I'm trying to figure out what to do with my old 403b.
Unless you are going to do something crazy with your investing strategy, I think it's pretty easy to just do it on your own with low fee index funds. You'll lose quite a bit in fees to most advisors.
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Buehler445 05:48 PM 09-25-2021
Originally Posted by Captain Obvious:
Do you all handle your IRAs (Roth and Traditional) on your own or do you use a financial advisor? I changed jobs so I'm trying to figure out what to do with my old 403b.
Itís pretty easy most places. Mine is at Vanguard and it wasnít hard at all.

Target dated funds are a pretty good facsimile for what advisors could do.

And most places have some sort of support functions to help with administration.

If simple management is your thing you could roll it to your new gig.
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Rain Man 06:58 PM 09-25-2021
Originally Posted by Captain Obvious:
Do you all handle your IRAs (Roth and Traditional) on your own or do you use a financial advisor? I changed jobs so I'm trying to figure out what to do with my old 403b.
There are traditional financial advisors who take a percentage of your wealth each year and manage things. Those people seem overpriced to me. I did a research project about 18 months ago and interviewed financial planners around the country, and I'm intrigued by the newer type that are fee only advisors. They charge you an hourly rate for advice. Those people seem like they could be a really good deal if they know bigger strategic things to do rather than just picking stocks and funds for you. I think I will talk to one at some point about things like strategizing for Social Security and Medicare and things like health savings accounts where I've got a learning curve coming up.
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Peter Gibbons 07:46 PM 09-25-2021
Originally Posted by Rain Man:
There are traditional financial advisors who take a percentage of your wealth each year and manage things. Those people seem overpriced to me.
Completely agree. I struggle to understand what could possibly justify such high fees particularly for higher balance accounts. I have a similar feeling for Trust Administration/Executors. If you combine professional trust admin, financial planning for an account along with tax preparation, it could literally take the entire yearly prosit from an account.
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Rain Man 07:48 PM 09-25-2021
Originally Posted by Peter Gibbons:
Completely agree. I struggle to understand what could possibly justify such high fees particularly for higher balance accounts. I have a similar feeling for Trust Administration/Executors. If you combine professional trust admin, financial planning for an account along with tax preparation, it could literally take the entire yearly prosit from an account.
Yeah, i feel like they're living fossils from the days when you had to have a broker to make trades and when stock information wasn't readily available and when things like index funds didn't exist. 30 years ago you had to have one, but now you don't.
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lewdog 07:07 AM 09-26-2021
Reading for the penny stock boys. I’m not endorsing these, just sharing articles.

https://www.tipranks.com/news/articl...FgQB9Uu3XAY%3D
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Hog's Gone Fishin 08:42 PM 09-26-2021
NAKD poised to be a banger this week
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Hog's Gone Fishin 10:26 PM 09-26-2021
TDRK ,low float , can make a big move with little volume

Got a small position established Friday and made 18%
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stumppy 02:28 PM 09-27-2021
Originally Posted by Hog's Gone Fishin:
NAKD poised to be a banger this week
:-)
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Hog's Gone Fishin 04:06 PM 09-27-2021
ILUS up another 16%

CYBL 25%

Bought NAKD at the PM open at 6 oclock which was a mistake I guess. Made 8% but it actually went up 21%
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