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09-13-2021, 07:41 PM | #11431 |
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Join Date: Jan 2009
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Jesus . I had 8~10 months worth and I thought I was overdoing it. I lowered it to probably 3 months worth and bought into some ETFs with the rest.
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Posts: 64,209
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09-13-2021, 07:51 PM | #11432 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I could probably do less too given my career stability is very good. If I got laid off tomorrow I could find a job the same day. If you won't lose your source of income for long, you can get away with less in emergency savings. I also believe in keeping an standard emergency fund, not in stocks, because I don't believe in short term disability and will never pay for it. It's a waste of money for people who have a standard emergency savings plan. Quote:
Are you really suggesting that you can easily get 25% gains on your stocks every year? Many new investors who started in 2021 are currently negative YTD with risky stock plays. |
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Posts: 46,069
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09-14-2021, 07:56 AM | #11433 |
Prestige Worldwide
Join Date: Jan 2009
Location: Spring Hill, KS
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Hi friends.
What's going to the moon this week? |
Posts: 18,455
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09-14-2021, 08:53 AM | #11434 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Of course, if there's a crash it's not going to be a good thing. But I'm one of those people who gets antsy just watching money sit around. I had a dedicated emergency fund, and then after a few months I put it into some ultraconservative defensive fund, and then after a few more months I bought a little bit of stock with it, and now it's just another stock account for me. However, I keep a decent amount of cash in my checking account just because I don't like juggling money between accounts, and I have a rule to keep at least five percent cash in my stock trading account, so all in all I do have an emergency fund. It's just not a dedicated account. |
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Posts: 142,672
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09-14-2021, 09:25 AM | #11435 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Got out of Disney. I got in thinking they were an underrated Covid play, but that's probably played out by now. Tagged resistance and couldn't get through it so I pulled the Chute.
I also pulled the chute on ****ing Chevron like I should have done before. Yay red! |
Posts: 57,710
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09-14-2021, 09:53 AM | #11436 |
MVP
Join Date: Aug 2000
Location: Lee's Summit
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Friend told me about VISM (penny stock) a little more than a month ago. Up 88% since purchase. it's a LONG term play with possible $5/ share in the future. Throw a little money at it and do the 2 year challenge of not even looking at it.
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Posts: 8,287
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09-14-2021, 10:54 AM | #11437 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 52,112
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09-14-2021, 11:13 AM | #11438 |
MVP
Join Date: Mar 2019
Location: KC
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Posts: 7,497
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09-14-2021, 03:47 PM | #11439 | ||
Grand champ
Join Date: Sep 2007
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Totally off topic, but I don't understand how anyone out there without children can't support themselves. |
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Posts: 45,381
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09-14-2021, 04:48 PM | #11440 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Barring a disability, they can. Many are either just too lazy to or are completely clueless on how to manage money and prefer instant gratification to living comfortably within their means. The increase of entitlement attitude also plays a big role and recent government handouts has only made it worse.
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Posts: 11,432
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09-14-2021, 05:18 PM | #11441 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
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And on the flip side if you are having kids, it is actually rationale to limit the size of your family based on income. People who have 5 kids and then bitch about having low paying jobs and inability to pay their bills made that decision themselves! We are choosing to have 1 child and a large part of that decision is financial. |
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Posts: 46,069
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09-14-2021, 06:03 PM | #11442 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Actually the incremental cost of another child is less than I anticipated. On the money side anyway, the time side....not so much - if you're parenting in the manner in which we want to parent. |
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Posts: 57,710
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09-15-2021, 07:27 AM | #11443 |
Chiefn' It
Join Date: Jan 2009
Location: IndepMo
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IPO for ARBK (Argo Blockchain) coming soon. Anyone have any thoughts on this large-scale Bitcoin mining company?
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Posts: 1,487
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09-15-2021, 07:42 AM | #11444 |
MVP
Join Date: Mar 2019
Location: KC
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Posts: 7,497
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09-15-2021, 07:46 AM | #11445 |
MVP
Join Date: Mar 2019
Location: KC
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INDP for a quick 23 percent gain this morning.
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Posts: 7,497
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