Official Investing Thread

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

  1. jcb-r

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

    +1 for Schwab
     
  2. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Correct
     
  3. houtex716

    houtex716 let's have a beach party
    Donor
    Texas Tech Red RaidersHouston AstrosHouston RocketsKansas City Chiefs

    Went with Schwab and maxed it out for 2022. Ouch
     
  4. construxboy

    construxboy xenForo is the new TMB
    Donor
    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    Your future self will thank your current self
     
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  5. houtex716

    houtex716 let's have a beach party
    Donor
    Texas Tech Red RaidersHouston AstrosHouston RocketsKansas City Chiefs

    been debating between paying down my student loans or starting my roth, but i feel like maxing out the roth every year should be priority #1
     
    shawnoc likes this.
  6. Sportfan

    Sportfan From Six to Dumptime

    Really debating no longer contributing anything over employer match to my 401k. It’s got enough with hopefully doubling 3x over the next 30 years I’d rather grow my brokerage account. Issue is that sweet sweet tax sheltering.

    Trying to FIRE in ~30 months. Makes more sense to me to have that ~$20k be accessible. Open to any ideas about tax shelters though.
     
    TAS likes this.
  7. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I'd do backdoor Roth and megaback door Roth if available. Then the contributions would be available while the growth would still be there.
     
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  8. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    So if you're looking to FIRE in 30 months, I assume you've got enough in taxable to last you for 59.5-your age accounting for health insurance, expenses, etc. If that's the case it probably doesn't matter much what you do, but might as well as take advantage of Roth while you can.
     
    Sportfan likes this.
  9. Sportfan

    Sportfan From Six to Dumptime

    Yea unfortunately a lot of the strategies just don’t make much sense, or there’s very little reward for the perceived effort.

    I could FIRE today at a 4% SWR but I’d like to drive it under 3% before I hang it up. Ofc I fucking hate work right now, so I might just saw screw it, find a side hustle, and call it quits at any moment.
     
  10. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    I would definitely be at or below 3% if you are in your 30s or 40s. That's my target for retiring in 10-15 years in my early 50s.
     
  11. soulfly

    soulfly Well-Known Member
    Donor
    Seattle MarinersSeattle SeahawksBarcelonaSeattle SupersonicsSeattle SoundersSeattle Kraken

    I feel like paying off debt is the first priority, but I admittedly don’t know much about investing (and my parents paid for college :bow:)
     
    Sportfan likes this.
  12. billdozer

    billdozer Well-Known Member
    Donor
    Clemson TigersCarolina Panthers

    The cut off is often around 3-4%, basically where you would expect the market to exceed the interest. But there is the added nicety of not being in debt.
     
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  13. Bo Pelinis

    Bo Pelinis I've seen shit that'll turn you white!
    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    Not being in debt is fucking rad and is worth way more than the dollars and cents. I don’t owe anyone shit besides mortgages on my investment properties and it feels amazing.
     
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  14. houtex716

    houtex716 let's have a beach party
    Donor
    Texas Tech Red RaidersHouston AstrosHouston RocketsKansas City Chiefs

    yeah that's why as of now i'm planning on doing the roth IRA then aggressively paying down my student loans each year
     
    Bo Pelinis likes this.
  15. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    i will take all 3% and lower debt you'll give me
     
  16. Bo Pelinis

    Bo Pelinis I've seen shit that'll turn you white!
    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    Depends on what it’s on imo
     
  17. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    i'd take 3% debt on money I'm just parking in the stock market
     
  18. Bo Pelinis

    Bo Pelinis I've seen shit that'll turn you white!
    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    You’d be losing your ass on that this year.
     
  19. Bo Pelinis

    Bo Pelinis I've seen shit that'll turn you white!
    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    Especially if you didn’t dollar cost average
     
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  20. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    only need to come ahead at the end, inflation took a chunk off that decline too. i'll send you the papers for my loan.
     
  21. Bo Pelinis

    Bo Pelinis I've seen shit that'll turn you white!
    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    I know low cost debt is how you use leverage but my own personal philosophy is keep debt if it’s an income producing asset otherwise fuck debt. But I’m always waiting for the other shoe to drop and the worst to happen so I’m prob not typical I guess. But the lack of stress over making monthly payments was a huge quality of life improvement for me
     
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  22. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    you should do plans that fit with your emotional risk proclivity

    even if it's not optimized financially
     
  23. Sportfan

    Sportfan From Six to Dumptime

    Really quite amazing how we just can’t go like one week without some global supply chain issue. Now it’s protests in China.

    What I wouldn’t give for no news for a couple months.
     
    Ty Webb and Tug like this.
  24. brolift

    brolift Well-Known Member
    Donor
    Kansas State WildcatsDenver NuggetsKansas City ChiefsBarAndGrillBig 8 Conference

    they’re doing a bit at this point. Simulation.
     
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  25. soulfly

    soulfly Well-Known Member
    Donor
    Seattle MarinersSeattle SeahawksBarcelonaSeattle SupersonicsSeattle SoundersSeattle Kraken

    Just wait until the rail workers strike.
     
  26. burnttatertot

    burnttatertot the tastiest of tots
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    Love how easy it is to roll in and out of monthly CDs on Schwab, picked up 3.8% today.
     
    brolift likes this.
  27. Sportfan

    Sportfan From Six to Dumptime

    Wait am I doing something wrong? You’re saying instead of cash I can just park it in a monthly CD for like .3% monthly? Never thought of this.
     
  28. Seavie

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

    I assume you at least have your cash in a high yield savings account? I’m getting 3.5% on that right now. If the monthly CD thing was higher I might consider it but at least this way I have access without an early withdrawal penalty.
     
  29. Sportfan

    Sportfan From Six to Dumptime

    nah it’s just sitting in Schwab while I puss out and don’t but VOO with it
     
  30. burnttatertot

    burnttatertot the tastiest of tots
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    You may not be doing anything wrong but if you have cash and you don't plan on deploying it you may as well earn something instead of it just sitting there. In Schwab your CDs will show at the bottom of your portfolio, once they mature the money goes right back into your account. I buy them in blocks and just keep rolling them over until I find somewhere else I want to put the money. It's like two or three clicks to buy them.

    [​IMG]
     
    Sportfan likes this.
  31. burnttatertot

    burnttatertot the tastiest of tots
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    Under the TRADE drop down click CDs, then click one month or six months or whatever you want (default is the one year), the best rates are automatically shuffled to the top and you hit buy.
     
    Arliden likes this.
  32. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  33. user15000

    user15000 Well-Known Member

    Why not 4 or 5 or 6?
     
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  34. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    article talks about this!

    but I know you're a deflation monetarist guy so it won't really land
     
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  35. user15000

    user15000 Well-Known Member

    It’s all just arbitrary nonsense. If 2% inflation is good, surely 4% is better. Especially when the natural progression of technology is for things to get cheaper over time…oh wait that doesn’t make any sense at all.

    Plenty of accounts have called this out from miles away. If at first you don’t succeed, just change your 2% goal by increasing it by 50+%.


    https://twitter.com/macroscope17/status/1588281559664033793?s=46&t=OWy4Kq88yhhQtzXcNO0Cr



     
  36. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    yeah i knew you had no interest in a genuine discussion

    have a good night man
     
  37. user15000

    user15000 Well-Known Member

    lol. Been talked about literally the whole year if you follow enough people. Pretty funny it’s hitting your radar now as some new brilliant concept.









     
  38. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    thank you for agreeing
     
  39. user15000

    user15000 Well-Known Member

    And lofuckingl at that article. Surely you can do better than this nonsense logic.

    “The question is what rate of inflation leads to salience. A hint is given in a recent paper, which looks at Google searches for “inflation” as a function of the actual inflation rate. It found that, for the US, if inflation was around 3-4 per cent, people simply did not pay attention. Above 3-4 per cent, they did. Altogether, these arguments have led me to conclude that, while a higher inflation target is desirable, the right target for advanced economies such as the US might be closer to 3 per cent than our original 4 per cent proposal.”
     
  40. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    yes behavioral economics being included in modeling is good
     
  41. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    "how do humans actually respond to economic conditions" - an absurd field of inquiry
     
  42. TAXTAXTAX

    TAXTAXTAX Well-Known Member
    Donor
    Florida State Seminoles

    Inflation is a class war issue.

    My mortgage is 3.25%, so I'm willing to settle for 4% inflation.
     
    Arliden likes this.
  43. kinghill

    kinghill Cool American Flavour
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami HeatPoker

    mortgage 2.75%
    bonds 6.89%
    401k -20%
    let’s goooooo
     
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  44. Sportfan

    Sportfan From Six to Dumptime

    I don’t see this anywhere in the app. Guess I’ll have to get into the browser when I’m off the road later this week.
     
  45. construxboy

    construxboy xenForo is the new TMB
    Donor
    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    You should really read Everybody Lies if you doubt the utility of Google Search data.
     
  46. user15000

    user15000 Well-Known Member

    They won’t notice high inflation until its 4% is a dubious justification for doubling what is already an arbitrary number. Is it 2% due to google search data? If not, why is it 2%? Why has the justification for 2% now changed to justify 4%?

    We could skip all this nonsense if anyone was willing to admit that a handful of unelected old white guys aren’t smart enough to set the global price of money, whether relying on google search data (lol) or otherwise.
     
  47. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt

    Im 99% sure this has to be done on the actual computer.
     
    Sportfan likes this.
  48. Arliden

    Arliden Well-Known Member
    Donor


    Yes. Savers and pensioners will get screwed, but folks with debt (mortgages etc) will benefit tremendously.

    I've said it before but government debt is at such high levels the only realistic solution is to inflate or deflate away and inflating while keeping interest rates low is far more palatable than the deflationary way.
     
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  49. user15000

    user15000 Well-Known Member

    See this I agree with. No sense pretending that 4% is some new brilliant idea. Let's just be honest: the debt is so high that sustained levels of high inflation are probably the only palatable option.

    But spare me the Fed "actually high inflation is great" puff pieces.
     
    NothingIsOT likes this.
  50. Frankie Carbone

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

    Bask 3.85%
     
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