You're missing an important distinction. They're not hurting the local population to get foreign investment. They're fighting inflation which is bad for the local population.
I'm looking to put some money into a few mutual funds, curious what everyone is holding. I'm 23 and looking for something long term and very aggressive.
Not sure how much dough you have or what you deem to be aggressive. Would highly recommend a FA and personally I don't think now is the time to be aggressive. I know more than a few people pulling money out of the market entirely.
wall street journal says the boj set a target for 10 year rates in latest bid to restart growth. what was the target? how does setting target for government bonds help growth?
Don't put any money in until well after election time. If you have some decent coin set aside and it's really burning a hole in your pocket, find some real estate that's easily rentable. Duplex?
well the article you're referring to says the 10 year target is 0% in Japan's case, keeping interest rates low reduces the risk of deflation, and helps to keep the currency weak. When Japanese interest rates rise, people borrow fewer yen, and this acts to reduce both the velocity and volume of yen. This scarcity of yen drives up its value. A highly-valued yen makes it difficult for Japanese exporters like Mitsubishi, Toyota, Nissan, Honda, Hitachi, Canon, Toshiba, etc., who are the backbone of the Japanese economy and employ a lot of Japanese workers.
They also hold their rates near zero to deter people from putting their money in the bank, which doesn't work for a few reasons. Time for that helicopter money...
how on earth does a 23 year old asking about mutual funds receive a recommendation to consider buying a fucking duplex instead? Woof.
Thoughts on this wells fargo situation? CFPB will be looking at every major bank for doing this, and they all are. Thoughts on shorting banks?
He's 23 years old and is looking for an aggressive growth mutual fund. With a time horizon of 40+ years and high risk tolerance, he can invest now. Waiting until after the election will have no bearing on him IMO.
ehhhh banks are getting crushed. deutsche bank is all kinds of fucked up. however, if/when rates rise in dec... it certainly is a risk
I don't think this DB thing is going to go away soon. Just the way stuff traded today tells me there is real concern for what is going on. Volatility went really bid, will be interesting to see what happens. The Fed is going to be in a weird position in where they have been implying they will raise rates soon. However, the whole DB thing could, imo, influence the Fed here. Im not sure, but I like the odds of being long volatility in the next few weeks.
deutsche bank up 10% StandUpDrunk close to DOJ settlement. funny how that pendulum swung back in a fucking day from bailout to :ALLISWELL:
Honestly, I sold it back in May at around $38-39 when we bought a house and I haven't been paying much attention to it since then. I see now that it has dropped a ton but not sure of the reasons for that. <$22 is cheaper than its ever been for the general public, could be a good opportunity, but I don't know all the reasons it dropped yet either. I plan to look into it. They didn't miss earnings, did they revise guidance downward or have a chipotle level food scare?
Picked up some Novo Nordisk (NVO) pharma focused on insulin mostly.... keep stuffing your face America. I was gifted a good bit of QQQ, have been looking at CQQQ a little (Chinese version of a big tech ETF) don't know how strong I feel about it yet. Own some BABA and Feel like that might be enough not too comfortable with China
Public service announcement...anyone that has an online savings account for capital one 360 or a carryover from the ING days...check your account... Cliffs: Tons of accounts were hacked. Not public yet. DD2 was a victim. I don't think the hack made it to the capital one investing side, just the online savings account.
Any real estate investors here? Need some input. Opportunity came up to buy the other side of a duplex that my in-laws own and rent out (to older people). It's cheap, about $55K, mortgage on it would be like $450-500 a month and they charge $800 in rent. We could swing the $500 even if we had no tenant so I'm interested. Question is this, we just got married and bought a house in June, barely even own 10% of it. Would a bank even give us a loan on an investment property right now? Credit scores are both in the 750 range and when you combine current mortgage plus this $55K property it would equal roughly 2.5x our annual income.
If you can swing the mortgage without worry I'd say yes. With that being said, and your credit scores, you'd qualify. I'd just ensure you put half the profit towards principle and the other in an account for upkeep.
I am a realtor and work with a handful of real estate investors. First off, buying any property and renting it out and only making a little profit is a positive long term investment. You are hopefully gaining some equity over 5-10 years along with paying down your mortgage. Once you have it paid off, hopefully sooner rather than later, you would have some decent cash flow each month along with having an asset to sell once you are ready to move on. As far as a getting a loan, buying a personal house this year should not affect that. Any investment loan will require you to put down 20%+ so as long as you can come up with $11K + closing cost, you could buy this duplex. Good luck, buying properties to rent are a great long term investment imo, and I thinking buying something that is manageable and not crazy expensive would be a good start.
Thanks. Yea the plan would be to put any extra cash in a slush fund for at least the first year or so until we had at least some feel for what to expect.
Thanks, that's what I was looking for. Good to know regarding the 20%, that's about what I figured. If it appraises for more than the sell price, does that extra equity lower the 20% threshold? Real estate investment has always been a goal of mine and this does seem like the simplest possible way to get into that.
fwiw, i refi'd my student loans again to a 4.15% fixed rate for 5 years hell yes. thats even below my current variable and the feds gonna raise in dec. so, yeah, holla at me if you want some referrals
How does the taxation work on this? Does he have to pay taxes on the full rent payment? Or can he deduct any of the mortgage costs?
Typically its on net profit after expenses. Forgive me, I'm blanking, but there is a special section on tax returns for small rental properties in this mold.
This migh be obvious to all but it wasn't to my father in law, expenses include interest on the loan but principle pay down is considered part of net profit.
anybody still fuck around on robinhood? saw they added margin. that will end poorly for them i think.
That's where I do most of my trading, small amounts for shits and gigs. Margin trading is way too easy to sign up for given I think their average user doesn't understand the risks
Picked up some NVO and CQQQ this week. Though they were both value pick ups long term but still think the market is pretty damn high right now.
Schedule E? Gross receipts minus certain fees, expenses, mortgage interest, etc. Also opens up the possibility of things like section 1031 exchanges to defer any capital gains realized when he sells.
they're giving margin to anyone with like 2k in their account and aren't asking to see any other financials. if a margin call comes in and the person doesn't have any cash or assets, robinhood is fucked.