Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. Mr Mortisay

    Mr Mortisay Well-Known Member
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    Arkansas RazorbacksTiger Woods

    I mean, should this be the solution? In addition to medical school and training you then have to give away even more years of your life? They’re locked into a lower salary after training as well while they complete their service obligations which are minimum 5 years I believe
     
  2. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    people that think I hold the positions I do because I'm jealous are always bizarre. my position is tuition should be free for all college and post grad. our healthcare system needs a massive restructuring that would involve huge pay cuts for physicians to make them more in line with global pay in countries that have free tuition. i understand you personally want the obscene salary ALSO with no tuition, but there's really nowhere in the world that does that.

    congrats on not remotely engaging with anything of substance though!
     
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  3. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    before we go down the road further, yes primary care (peds, etc) needs boosts in pay but specialists need a huge haircut.
     
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  4. Mr Mortisay

    Mr Mortisay Well-Known Member
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    Arkansas RazorbacksTiger Woods

    Ok another classic move, claiming I want free tuition. I think that making it so that borrowers are not forced into a 6.8% rate would be a change I’d be willing to live with, or allowing people to consolidate after school instead of training, or allowing people to consolidate without invalidating PSLF. There are all sorts of reforms that could be made without helping us rich doctors too much
     
  5. Mr Mortisay

    Mr Mortisay Well-Known Member
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    Arkansas RazorbacksTiger Woods

    And I don’t think it’s a stretch to assume a healthcare social worker would hold resentment or deep seated assumptions if not frank bias towards physicians or APNs
     
  6. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    wow what a cuck who still wants to be in a system that only benefits the banks, profiteering schools, and the government

    see how easy it is when you cherry pick and only want to argue in bad faith? actually address things substantively instead
     
  7. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    again, this is you trying to make weird assumptions that i'm mad at doctors making a lot of money to not address anything i'm saying. stop it, its weird.
     
  8. Mr Mortisay

    Mr Mortisay Well-Known Member
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    Arkansas RazorbacksTiger Woods

    Guess we’re all obsessed with Lyrtch the man, definitely not just tired of your internet titan of intellectuality schtick
     
  9. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    you're the one that is trying to draw wild conclusions about the little bit you know about me personally man, you do you though
     
  10. Mr Mortisay

    Mr Mortisay Well-Known Member
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    Arkansas RazorbacksTiger Woods

    This you?

     
  11. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    Yes, I thought it was odd for a guy who bragged about his gamestop gambling nearing 6 figure gains that he pissed away being torn up about 10k forgiveness he might miss out on for earning over 300k/yr. Similar to why I was curious if you'd take earning 150k with no loan burden over your current salary that I imagine is what, 400k+? with the loan burden as this is kind of the global dynamic on physician pay.

    All very reasonable questions vs SOCIAL WORKER HATE DOCTOR.
     
  12. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    my friend group has tons of physicians in it and interestingly enough all the primary care ones would gladly take the trade off, but the specialists mostly wouldn't. material analysis stays winning.
     
  13. Seavie

    Seavie Loading tweet...
    Donor TMB OG
    Alabama Crimson Tide

  14. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor



    alibaba going to come back?
     
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  15. Sportfan

    Sportfan From Six to Dumptime

    Sorry for this tangent, idgaf about loans I was referring to the news helping the growth stocks lol.
     
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  16. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  17. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    Anybody bullish on JMIA long term? To me that one is either going to 0 or going huge. It's made great progress towards 0 since I first bought
     
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  18. soulfly

    soulfly Well-Known Member
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    Seattle MarinersSeattle SeahawksBarcelonaSeattle SupersonicsSeattle SoundersSeattle Kraken

    Wish I would've bought a lot more at the time :ohdear:
     
  19. jcb-r

    jcb-r Back and better than ever
    Rutgers Scarlet KnightsNew York MetsBrooklyn NetsTennessee TitansNew Jersey Devils

    I jumped off that boat last year.
     
  20. jcb-r

    jcb-r Back and better than ever
    Rutgers Scarlet KnightsNew York MetsBrooklyn NetsTennessee TitansNew Jersey Devils

    I forgot what green looked like.
     
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  21. kinghill

    kinghill Cool American Flavour
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    Miami HurricanesMiami MarlinsMiami DolphinsMiami Heat

    in other news
    Ally savings increasing from 0.60% to 0.75% Annual Percentage Yield (APY)
     
  22. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksTampa Bay BuccaneersOrlando CityLazio

    There are 1%+ options out there
     
  23. NothingIsOT

    NothingIsOT Prom pic
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    Miami DolphinsFlorida PanthersDetroit TigersMiami Heat

    I was last year but the more I thought about it, the Amazon of Africa doesn’t make sense to me for three reasons. 1) theft 2) I think it’s American culture to sit at home and be lazy and/or working super long stressful hours and are trying to be efficient with time. Other countries actually enjoy getting out of the house and shopping. It’s part of their day. 3) do they even have the logistical infrastructure to have quick purchase to receipt. Seems like a huge investment.
     
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  24. FelipeG

    FelipeG Well-Known Member

    Dude, if I made $125k/year. I would have my loans paid off and retire before most people simply got their loans paid off.


    $125k..... hell that's more than most people make in 3-4 years. Lol
     
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  25. dukebuckeye

    dukebuckeye P.G.I.T
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    Assuming your single?
     
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  26. Mr Mortisay

    Mr Mortisay Well-Known Member
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    Arkansas RazorbacksTiger Woods

    Paying off your student loans as fast as possible wouldn’t be the best financial strategy unless they are at some insane rate but I’m sure other guys in here could explain that better.

    Post medical school you make a fixed salary set by the government until completing the rest of your training, while your loan interest accumulates at a 6.8% rate. You cannot refinance and consolidating makes you ineligible for loan forgiveness. You’re both rate-locked and wage-locked by law. So I was making $43k my first year out. By the sixth year I was up to 62k but it still barely covered expenses plus student loan payments in the city I was in.

    Not arguing for free tuition or anything, don’t need sympathy, but I think it’s stupid to exclude the people who are arguably bled the most by the system from a (paltry imo) 10k forgiveness plan. From a political standpoint it seems a bit stupid because you’d think you’d want the votes from that bloc too, not that I would ever vote R

    Sorry to the thread for the tangent and this will be my last post on it, it’s just been a source of incredible frustration and anxiety over the years. My wife’s are the ones that really scare me because we’ve banked on PSLF for years while she works at a place she literally hates in order to qualify. We constantly worry about the government not holding up their end of the bargain and sticking us with a 400k bill when it’s all said and done.
     
  27. Smuggy

    Smuggy Well-Known Member
    Alabama Crimson Tide

    What percentage of doctors would you say leave school with loans to pay?
     
  28. kinghill

    kinghill Cool American Flavour
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    Miami HurricanesMiami MarlinsMiami DolphinsMiami Heat

    Noted. Doesn't seem worth the effort to switch right now to get an extra 0.25%.
     
  29. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    the vast vast majority
     
  30. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    I used it to buy “boot camp” courses for SQL, Python, and R. I haven’t been able to complete them all but really liked the SQL and Python classes. The instructors name was Jose (can’t remember the last name).

    Seems like they consistently have sales and mark courses down to like 15 bucks.
     
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  31. shawnoc

    shawnoc My president is black, my logos are red...
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    Rutgers Scarlet KnightsNew Jersey DevilsNew York Red BullsLos Angeles Angels of Anaheim

    I put them in my cart for $9.99 and then forgot to buy them. When I woke up they were $199 so I noped out of them. I logged on from my phone and they were back to $9.99 so it must have something to do with cookies and being a first time visitor to that site.
    I’m going to use my first free month at Coursera and then go back to Udemy.
     
  32. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

    Hey I have that position in my account

    :checks Schwab account:

    Ah, yes, I’m down 86% on it.
     
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  33. FelipeG

    FelipeG Well-Known Member

    Nope. Just don't live an extravagant lifestyle.
     
  34. FelipeG

    FelipeG Well-Known Member

    I was totally unaware of the pay locks.

    I was basing my post off the $125k/year that was mentioned earlier and my bills. I could easily pay my bills and wipe out all my debt within a few years if I made that.
     
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  35. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

  36. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
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    Cross posting from the official dad thread:
    Let's talk savings for your kids. I'm going to start a 529 plan soon. But that is exclusively for education. I'll open a bank account for her as well. Money in the bank account will go towards a car one day and other expenses. How much are yall shooting for for college? I read $60k for 4 year public and $100k+ for private. I'm thinking $100k ? How much are yall shooting for in terms of non 529 savings /savings account? Maybe another $100k by the time they turn 18? What big ticket expenses $10k+ are out there other than car/college/wedding that need to be on my radar? Alternatively you could just have a 529 plan and pay for everything else that comes up out of your regular savings and just put all birthday money etc from family into the 529 account.
     
  37. RJF-GUMP

    RJF-GUMP Daubert Qualified in Cooler Thermodynamics
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    I will say that your money obviously goes further in a brokerage account than sitting around in a savings account earning basically no money. Maybe I'll take all the birthday money and other money specifically designated to her and set up a brokerage account so that her money grows.
     
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  38. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    Blood pressure rising.

    VA canceled its prepaid529 bc you know, can’t have people avoiding two decades of runaway “costs”. Tweed is expensive.
     
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  39. dukebuckeye

    dukebuckeye P.G.I.T
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    I currently have five 529 plans going that I'm contributing $100 per month to each. There is like 8k, 7k, 6.5k, 5k, and $300 in each of them for the kids (all 5 and under). I'll continue to contribute at least that much until they head to college. Whatever is in there at the time will be used. The rest of the bill they'll have to figure out via scholarships and paying themselves.
     
  40. letan

    letan Just looking for the gator board
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    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    $100k college fund and $100k slush fund? Can you be my dad?
     
  41. billdozer

    billdozer Well-Known Member
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    Clemson TigersCarolina Panthers

    I'm shooting for $100k per kid. Guesstimates say instate public could be $160k for 4 years by then, so hoping for scholarships. Once a 529 reaches $50k I started saving half of contributions in the 529 and half in a brokerage account for some flexibility.
     
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  42. poetictrojan

    poetictrojan Well-Known Member
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    I do $250/month into my kids 529 accounts. Don’t have anything else for them. Will do something where they have to save from random chores and work and I’ll match dollar for dollar for their car. Money will just come out of my own brokerage account. I’ll pay for my daughters wedding out of my brokerage account too. Don’t think I’ll ever set up brokerage specifically for them but will help from my own accounts where I feel I can.
     
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  43. shawnoc

    shawnoc My president is black, my logos are red...
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    I have a 529 and a brokerage account for each kid plus a Roth IRA for the 15 year old.
     
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  44. kentucky_dawg

    kentucky_dawg Fan of: Georgia
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    Georgia Bulldogs

    Did you set this up once they started doing odd jobs? Thought the individual on the IRA needed to have generated income?
     
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  45. kinghill

    kinghill Cool American Flavour
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    Miami HurricanesMiami MarlinsMiami DolphinsMiami Heat

    Can’t afford 529’s. Prioritizing my own retirement accounts ahead of college $ for them. They can get loans if needed. Don’t think I can take out loans to cover my old retired ass food / rent / medical expenses.
     
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  46. Ty Webb

    Ty Webb Living rent free in Jigga's head
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    Nebraska CornhuskersChicago CubsChicago BullsDetroit LionsChicago BlackhawksTiger Woods

    As it should be. Hopefully things work out well for you and you’re able to help them out. Or maybe we’ll unfuck the cost of college.
     
  47. shawnoc

    shawnoc My president is black, my logos are red...
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    Yes, I set it up for him once he got his first summer job last year (as a lifeguard). He deposits his paycheck into his checking account to spend during the year but whatever he makes (earned income) I transfer the equivalent amount out of his brokerage account and into his IRA.
     
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  48. dukebuckeye

    dukebuckeye P.G.I.T
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    Any of you guys max out your HSA and just let it accumulate and gain interest over the years? I just started doing it and love the concept of having 25+ years of HSA contributions ready for me to use when I'm in my retirement stage.
     
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  49. The Blackfish

    The Blackfish The Fish in Black
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    Alabama Crimson TideIndianapolis Colts

    Yes. I don’t withdraw qualified expenditures yet, either, just save receipts and track them.
     
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  50. shawnoc

    shawnoc My president is black, my logos are red...
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    I max it out but spend it all every year anyway. Having a family with three kids will do that.
     
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