Do you even invest?

Off-topic? You mean on-topic!
User avatar
goIftdibrad
Chief Master Soft Brain
Chief Master Soft Brain
Posts: 16746
Joined: Thu Nov 03, 2016 9:01 am
Drives: straight past the apex

D Griff wrote: Fri Dec 22, 2017 5:51 pm
Johnny_P wrote:
I think I save 17% in my 401k which includes the 5% dollar for dollar match. Don't really remember. It grows pretty quickly, and you can always turn that dial back down if needed.
I'm at about the same. In4 :fax: :poop: on me about it.

:aintcare: my gainz are seriously :impressive: and if I didn't do that I'd probably just spend the money.
Image
brain go brrrrrr
User avatar
Acid666
Senior Chief Patty Officer
Senior Chief Patty Officer
Posts: 3349
Joined: Thu Nov 03, 2016 9:47 am
Drives: 02 Z06/95 Meowta/05 SilveraDOE

Got approved for an $8K loan. The wedding credit card, my other credit card, paypal account, lowe's card, and truck note all totaled about $5K in debt, on top of getting a Rainbow vacuum that the wife will help pay, but you have to use their credit.... which is a mind blowing 27% APR.
I've been blasting the highest credit card by avalanching it, while the other has 15 months of zero apr so I let it ride while I bomb the other's. But it's cheaper in the longrun to just get a quick loan to knock them all out and then move all of those payments to the more reasonable 10% debt consolidation loan. So instead of trickling away, I can drop $500-750 a month on this 8K one and get it taken care of cheaper.

Already paid off both cards, now I'm planning on using the card with the 1.5% rewards to pay off the other loans if I can (lowe's, etc), and then pay that card off asap.
If I can do it that is.


Once all of this is paid off and I get a little more thrown into my savings for a bigger emergency fund, I plan on changing my 401K contributions from 8% to somewhere around 12-15% to build up that even more. I feel like I'm behind on it and don't think I can max out yearly, but I'd like to contribute more than I'm currently putting in.
User avatar
wap
Chief Master Sirloin of the Wasteful Steak
Chief Master Sirloin of the Wasteful Steak
Posts: 45163
Joined: Wed Nov 02, 2016 11:52 pm
Drives: Blue Meanie
Location: Pepperland

Acid666 wrote: Wed Dec 27, 2017 9:38 am Got approved for an $8K loan. The wedding credit card, my other credit card, paypal account, lowe's card, and truck note all totaled about $5K in debt, on top of getting a Rainbow vacuum that the wife will help pay, but you have to use their credit.... which is a mind blowing 27% APR.
I've been blasting the highest credit card by avalanching it, while the other has 15 months of zero apr so I let it ride while I bomb the other's. But it's cheaper in the longrun to just get a quick loan to knock them all out and then move all of those payments to the more reasonable 10% debt consolidation loan. So instead of trickling away, I can drop $500-750 a month on this 8K one and get it taken care of cheaper.

Already paid off both cards, now I'm planning on using the card with the 1.5% rewards to pay off the other loans if I can (lowe's, etc), and then pay that card off asap.
If I can do it that is.


Once all of this is paid off and I get a little more thrown into my savings for a bigger emergency fund, I plan on changing my 401K contributions from 8% to somewhere around 12-15% to build up that even more. I feel like I'm behind on it and don't think I can max out yearly, but I'd like to contribute more than I'm currently putting in.
Good work. Fuck CC interest rates. :dislike:
:wap: Where are these mangos?
Detroit wrote: Fri Apr 16, 2021 1:19 pm I don't understand anything anymore.
User avatar
Acid666
Senior Chief Patty Officer
Senior Chief Patty Officer
Posts: 3349
Joined: Thu Nov 03, 2016 9:47 am
Drives: 02 Z06/95 Meowta/05 SilveraDOE

Ran thru some online calculators. The loan about should charge $1,300 in interest if I take the full 36 months to pay it, but I'm going to move ALL of my payments to it and it should cost around $300-400 in total interest. Normally I'm debt free, but I splurged on the sway bar and shocks, and then I needed 2 new front tires for the truck, which was unexpected... then a dog medical bill... And then the wedding stuff. I took out the new credit card specifically for the wedding bills because of the 0% apr for 15 months and because I wanted better rewards. I'll eventually stop using my other card completely but it'll be a good side line of credit if it's really needed.

I've pretty much been debt free for a few years, so this was the first time I actually had it accumulate. Not like I wasn't paying it off, I was spending $100 on most of them, and then I'd allocate $500 or so each month to a specific one.
2018 will be the year that I concentrate on building my savings up and figuring out some more investing I can do. I wiped out my emergency fund from getting the AC swapped (which we specifically saved up for).
User avatar
rockchops
Meat Patty 1st Class
Meat Patty 1st Class
Posts: 706
Joined: Sat Nov 05, 2016 12:24 pm

crypto has been all over the place the last few days. Glad I dumped to an alt that seems to be working out.
User avatar
nuggstein
Senior Chief Patty Officer
Senior Chief Patty Officer
Posts: 3116
Joined: Thu Nov 03, 2016 8:24 am
Drives: 2012 GTI

rockchops wrote: Wed Dec 27, 2017 4:10 pm crypto has been all over the place the last few days. Glad I dumped to an alt that seems to be working out.
Which alt? I am planning on dumping my Bitcoin Cash bonus ~ $1500 or so into an alt and just sit on it.

I belong to some WhatsApp group with some really smart crypto people, who suggest the following.

Ripple (XRP) - rising and rising. It used to be fractions of a penny. I bought in @ 90 cents, unfortunately. It's at $1.70 now. The protocol works, someone or a bank transferred $700,000,000 with a fee of less than a penny. It's insane. If someone bought 100,000 Ripple coins when they were $0.005, it would've only costed them $500, and now it's worth almost $200,000.
Verge (XVG) - bouncing around $0.12 - 16 cents. I have seen it at 23 cents. If their protocol comes through before the end of the year, it might near $1.
Stellar (XLM) - supposed to be like Ripple, but more consumer based
Cindicator (CND) + 40% today. unsure what this really is, but heard it might hit 15-20 cents. It's now at 8 cents.

Ripple (XRP) is all I can say. If all goes well with it, prob see $6 soon, maybe higher the Coinbase rumors are true!

If anyone wants in ask me for my referral link to Binance, let me know. :)
:crang:
User avatar
rockchops
Meat Patty 1st Class
Meat Patty 1st Class
Posts: 706
Joined: Sat Nov 05, 2016 12:24 pm

nuggstein wrote:
rockchops wrote: Wed Dec 27, 2017 4:10 pm crypto has been all over the place the last few days. Glad I dumped to an alt that seems to be working out.
Which alt? I am planning on dumping my Bitcoin Cash bonus ~ $1500 or so into an alt and just sit on it.

I belong to some WhatsApp group with some really smart crypto people, who suggest the following.

Ripple (XRP) - rising and rising. It used to be fractions of a penny. I bought in @ 90 cents, unfortunately. It's at $1.70 now. The protocol works, someone or a bank transferred $700,000,000 with a fee of less than a penny. It's insane. If someone bought 100,000 Ripple coins when they were $0.005, it would've only costed them $500, and now it's worth almost $200,000.
Verge (XVG) - bouncing around $0.12 - 16 cents. I have seen it at 23 cents. If their protocol comes through before the end of the year, it might near $1.
Stellar (XLM) - supposed to be like Ripple, but more consumer based
Cindicator (CND) + 40% today. unsure what this really is, but heard it might hit 15-20 cents. It's now at 8 cents.

Ripple (XRP) is all I can say. If all goes well with it, prob see $6 soon, maybe higher the Coinbase rumors are true!

If anyone wants in ask me for my referral link to Binance, let me know. :)
xrp to the moon
User avatar
Davestr
Senior Chief Patty Officer
Senior Chief Patty Officer
Posts: 3845
Joined: Thu Nov 03, 2016 1:06 pm
Drives: 17 M2 14 M235

.............Meanwhile, the Carrier Corp. plant in Indiana that Trump promised to save just laid off another 215 workers.

State of the Union my asss LOL....you know who to thank LOL
User avatar
wap
Chief Master Sirloin of the Wasteful Steak
Chief Master Sirloin of the Wasteful Steak
Posts: 45163
Joined: Wed Nov 02, 2016 11:52 pm
Drives: Blue Meanie
Location: Pepperland

Davestr wrote: Wed Jan 31, 2018 9:53 am .............Meanwhile, the Carrier Corp. plant in Indiana that Trump promised to save just laid off another 215 workers.

State of the Union my asss LOL....you know who to thank LOL
Let's be honest. Everything that fucktard says is just :yeahok:
:wap: Where are these mangos?
Detroit wrote: Fri Apr 16, 2021 1:19 pm I don't understand anything anymore.
User avatar
Davestr
Senior Chief Patty Officer
Senior Chief Patty Officer
Posts: 3845
Joined: Thu Nov 03, 2016 1:06 pm
Drives: 17 M2 14 M235

wap wrote: Wed Jan 31, 2018 11:37 am
Davestr wrote: Wed Jan 31, 2018 9:53 am .............Meanwhile, the Carrier Corp. plant in Indiana that Trump promised to save just laid off another 215 workers.

State of the Union my asss LOL....you know who to thank LOL
Let's be honest. Everything that fucktard says is just :yeahok:
Nothing of any economic consequence can be counted on from that operation
User avatar
wap
Chief Master Sirloin of the Wasteful Steak
Chief Master Sirloin of the Wasteful Steak
Posts: 45163
Joined: Wed Nov 02, 2016 11:52 pm
Drives: Blue Meanie
Location: Pepperland

Davestr wrote: Wed Jan 31, 2018 12:00 pm
wap wrote: Wed Jan 31, 2018 11:37 am

Let's be honest. Everything that fucktard says is just :yeahok:
Nothing of any economic consequence can be counted on from that operation
Oh there will be consequences, none good, but certainly consequences. Dat $1.5T increase in debt, :doe:
:wap: Where are these mangos?
Detroit wrote: Fri Apr 16, 2021 1:19 pm I don't understand anything anymore.
dubshow
Senior Master Sirloin
Senior Master Sirloin
Posts: 11074
Joined: Mon Nov 07, 2016 9:18 am
Drives: All of them

wap wrote: Wed Jan 31, 2018 1:25 pm
Davestr wrote: Wed Jan 31, 2018 12:00 pm

Nothing of any economic consequence can be counted on from that operation
Oh there will be consequences, none good, but certainly consequences. Dat $1.5T increase in debt, :doe:
:thisisfine:
User avatar
troyguitar
Command Chief Master Sirloin
Command Chief Master Sirloin
Posts: 20088
Joined: Wed Nov 02, 2016 11:15 pm
Drives: Trek Domane
Location: Swamp

Those Porsche wheels I bought back in July for the 986S that I ended up not buying just finally sold on eBay last night. Paid $500, sold for $630 after eating ebay+paypal+shipping fees. 26% return on investment in half a year! :troywax:
User avatar
Melon
Trollistrator
Trollistrator
Posts: 10884
Joined: Wed Nov 02, 2016 10:09 pm
Drives: Blue things, Orange thing
Location: 2' Underwater

nuggstein wrote: Fri Dec 29, 2017 12:32 pm
rockchops wrote: Wed Dec 27, 2017 4:10 pm crypto has been all over the place the last few days. Glad I dumped to an alt that seems to be working out.
Which alt? I am planning on dumping my Bitcoin Cash bonus ~ $1500 or so into an alt and just sit on it.

I belong to some WhatsApp group with some really smart crypto people, who suggest the following.

Ripple (XRP) - rising and rising. It used to be fractions of a penny. I bought in @ 90 cents, unfortunately. It's at $1.70 now. The protocol works, someone or a bank transferred $700,000,000 with a fee of less than a penny. It's insane. If someone bought 100,000 Ripple coins when they were $0.005, it would've only costed them $500, and now it's worth almost $200,000.
Verge (XVG) - bouncing around $0.12 - 16 cents. I have seen it at 23 cents. If their protocol comes through before the end of the year, it might near $1.
Stellar (XLM) - supposed to be like Ripple, but more consumer based
Cindicator (CND) + 40% today. unsure what this really is, but heard it might hit 15-20 cents. It's now at 8 cents.

Ripple (XRP) is all I can say. If all goes well with it, prob see $6 soon, maybe higher the Coinbase rumors are true!

If anyone wants in ask me for my referral link to Binance, let me know. :)
I prefer to get my crypto currency analytics from Reddit.

Image
4zilch wrote: Mon Apr 12, 2021 8:46 am I'm a fucking failure.
User avatar
wap
Chief Master Sirloin of the Wasteful Steak
Chief Master Sirloin of the Wasteful Steak
Posts: 45163
Joined: Wed Nov 02, 2016 11:52 pm
Drives: Blue Meanie
Location: Pepperland

troyguitar wrote: Thu Feb 01, 2018 12:40 pm Those Porsche wheels I bought back in July for the 986S that I ended up not buying just finally sold on eBay last night. Paid $500, sold for $630 after eating ebay+paypal+shipping fees. 26% return on investment in half a year! :troywax:
:alpo:
:wap: Where are these mangos?
Detroit wrote: Fri Apr 16, 2021 1:19 pm I don't understand anything anymore.
User avatar
max225
Chief Master Sirloin of the Wasteful Steak
Chief Master Sirloin of the Wasteful Steak
Posts: 42434
Joined: Thu Nov 03, 2016 12:49 am
Drives: Taco+ Bavarian lemon

Anyone have good tips ?! I’m way too tech heavy with 75% of my portfolio in tech ... trying to put a bit of money into something safe yet get around 5% return
User avatar
max225
Chief Master Sirloin of the Wasteful Steak
Chief Master Sirloin of the Wasteful Steak
Posts: 42434
Joined: Thu Nov 03, 2016 12:49 am
Drives: Taco+ Bavarian lemon

Davestr wrote: Wed Jan 31, 2018 9:53 am .............Meanwhile, the Carrier Corp. plant in Indiana that Trump promised to save just laid off another 215 workers.

State of the Union my asss LOL....you know who to thank LOL
Obama and nafta yep.
dubshow
Senior Master Sirloin
Senior Master Sirloin
Posts: 11074
Joined: Mon Nov 07, 2016 9:18 am
Drives: All of them

according to several web articles, I should have 100k-300k saved up by 30. :wtf:

https://www.marketwatch.com/story/this- ... 2018-02-01

Image
User avatar
Apex
Chief Master Sirloin of the Wasteful Steak
Chief Master Sirloin of the Wasteful Steak
Posts: 29815
Joined: Wed Nov 02, 2016 10:36 pm
Drives: Abominable
Location: NJ

dubshow wrote: Fri Feb 02, 2018 11:48 am according to several web articles, I should have 100k-300k saved up by 30. :wtf:

https://www.marketwatch.com/story/this- ... 2018-02-01

Image
:lolol: Not happening for me.
dubshow
Senior Master Sirloin
Senior Master Sirloin
Posts: 11074
Joined: Mon Nov 07, 2016 9:18 am
Drives: All of them

I started working full time around 23/24. Making all of around $40k/yr but mixed withschool.

2010 20k
2011 32k
2012 36k
2013 42k
2014 62k
2015 72k
2016 70k
2017 72k

so ive potentially had 406k run through my hands. Subtract an avg ballpark of 25% for the taxman. ~304k. I have saved about 18.5% of all that income in total over 8 years (including employer 401k match and interests from ~4 years)

Im full on :wtf: how a typical 30yo can have 300k saved if Im above the average benchmark of income level.

:triggered: :triggered: :triggered:
:triggered: :millennial: :triggered:
:triggered: :triggered: :triggered:
dubshow
Senior Master Sirloin
Senior Master Sirloin
Posts: 11074
Joined: Mon Nov 07, 2016 9:18 am
Drives: All of them

:mindblown: :mindblown: :mindblown:

tuition and books have gone up another 100%+ since I started college.

Image


meanwhile, tvs are free now.
User avatar
Davestr
Senior Chief Patty Officer
Senior Chief Patty Officer
Posts: 3845
Joined: Thu Nov 03, 2016 1:06 pm
Drives: 17 M2 14 M235

max225 wrote: Fri Feb 02, 2018 11:47 am
Davestr wrote: Wed Jan 31, 2018 9:53 am .............Meanwhile, the Carrier Corp. plant in Indiana that Trump promised to save just laid off another 215 workers.

State of the Union my asss LOL....you know who to thank LOL
Obama and nafta yep.
Sorry but Carrier is the culprit. This has zero to do with NAFTA. Im sure there will be no Tweetdown either. The little man is not on the agenda for this current administration at all. Corp -Murica has nothing to fear at all. The show is over. Jobs are still going out of the country and incomes are not at all keeping up. More at 11 or 12 or 6am.

The top 40% have netted the majority of income and asset gains. Have you seen Congress even come close to addressing that?? NO its all trickle down or just plain trickelry to be mild about it. Opioid crisis continues - No action. Income disparity at an all time high - no action. Rates and oil rising and we are approaching full employment again(in jobs where most are making less than before), and banks are slacking on lending criteria. Sound familiar? 2006 anyone??
User avatar
troyguitar
Command Chief Master Sirloin
Command Chief Master Sirloin
Posts: 20088
Joined: Wed Nov 02, 2016 11:15 pm
Drives: Trek Domane
Location: Swamp

dubshow wrote:I started working full time around 23/24. Making all of around $40k/yr but mixed withschool.

2010 20k
2011 32k
2012 36k
2013 42k
2014 62k
2015 72k
2016 70k
2017 72k

so ive potentially had 406k run through my hands. Subtract an avg ballpark of 25% for the taxman. ~304k. I have saved about 18.5% of all that income in total over 8 years (including employer 401k match and interests from ~4 years)

Im full on :wtf: how a typical 30yo can have 300k saved if Im above the average benchmark of income level.

:triggered: :triggered: :triggered:
:triggered: :millennial: :triggered:
:triggered: :triggered: :triggered:
All you had to do was buy a few bitcoins per year, bro.
User avatar
ChrisoftheNorth
Moderator
Moderator
Posts: 47112
Joined: Thu Nov 03, 2016 6:10 am
Drives: 4R

This guy claims to MAX out your 401k at a MINIMUM and then save 20% take home on top of that.

Hopefully you don't die before you can live like a king.
Desertbreh wrote: Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
User avatar
max225
Chief Master Sirloin of the Wasteful Steak
Chief Master Sirloin of the Wasteful Steak
Posts: 42434
Joined: Thu Nov 03, 2016 12:49 am
Drives: Taco+ Bavarian lemon

dubshow wrote: Fri Feb 02, 2018 11:48 am according to several web articles, I should have 100k-300k saved up by 30. :wtf:

https://www.marketwatch.com/story/this- ... 2018-02-01

Image
This shit implies that not only do you go up 18k max a year but it also grows at 10-20% :yeahok: not gonna happen.
Post Reply