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09-24-2021, 02:33 PM | #11491 |
Fish are scared of me
Join Date: Nov 2001
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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?? |
Posts: 40,647
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09-24-2021, 03:41 PM | #11492 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
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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Posts: 6,427
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09-24-2021, 03:44 PM | #11493 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
Can get a bottle of Melatonin for about $2 |
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Posts: 40,647
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09-25-2021, 03:32 PM | #11494 |
The Planet's Only Superhero
Join Date: Sep 2002
Location: MO
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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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Posts: 2,833
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09-25-2021, 03:42 PM | #11495 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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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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Posts: 52,511
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09-25-2021, 05:48 PM | #11496 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
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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Posts: 58,014
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09-25-2021, 06:58 PM | #11497 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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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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Posts: 143,131
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09-25-2021, 07:46 PM | #11498 |
Veteran
Join Date: Dec 2019
Location: Ohio
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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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Posts: 1,827
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09-25-2021, 07:48 PM | #11499 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Quote:
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Posts: 143,131
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09-26-2021, 07:07 AM | #11500 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Reading for the penny stock boys. I’m not endorsing these, just sharing articles.
https://www.tipranks.com/news/articl...FgQB9Uu3XAY%3D |
Posts: 46,134
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09-26-2021, 08:42 PM | #11501 |
Fish are scared of me
Join Date: Nov 2001
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NAKD poised to be a banger this week
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Posts: 40,647
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09-26-2021, 10:26 PM | #11502 |
Fish are scared of me
Join Date: Nov 2001
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TDRK ,low float , can make a big move with little volume
Got a small position established Friday and made 18% |
Posts: 40,647
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09-27-2021, 02:28 PM | #11503 |
New and Improved
Join Date: Mar 2002
Location: Springfield, Mo.
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Posts: 21,981
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09-27-2021, 04:06 PM | #11504 |
Fish are scared of me
Join Date: Nov 2001
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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% |
Posts: 40,647
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09-27-2021, 05:12 PM | #11505 |
New and Improved
Join Date: Mar 2002
Location: Springfield, Mo.
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I was a little slow to get on NAKD this morning but I'm up 17% so far.
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Posts: 21,981
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