- Aug 19, 2015
- 8,317
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I have a chunk of cash I had been holding to purchase a rental property... but I should've put it into crypto / stocks for the last year+. I think I've made about $200 in "HIGH YIELD" interest...
OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER
- Thread in 'General' Thread starter Started by johnnyredstorm,
- Start date
- Aug 9, 2014
- 12,841
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- Dec 3, 2007
- 8,179
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Y'all wild...lol
I've got dependents and a mortgage. I need cash in the bank..lol. I'd probably consider yoloing all my funds into the market if I was a bachelor, but I'm not...so there's that.
You never know when you'll need money. And you don't want to need your money at the very moment the market tanks, so it's wise to keep some bread on you always.
...
I've got dependents and a mortgage. I need cash in the bank..lol. I'd probably consider yoloing all my funds into the market if I was a bachelor, but I'm not...so there's that.
You never know when you'll need money. And you don't want to need your money at the very moment the market tanks, so it's wise to keep some bread on you always.
...
antidope
Supporter
- Jan 2, 2012
- 63,499
- 67,987
For the latter piece that's what the paychecks cover. I organically DCA
- Apr 4, 2008
- 74,936
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I have $100 in my savings
- Mar 22, 2003
- 28,962
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I’m so curious where some of y’all learned economics/finance
- Jan 12, 2017
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Higher leverage means higher default risk
A proven method where return of borrowed money > cost of debt justifies higher levereage
A proven method where return of borrowed money > cost of debt justifies higher levereage
- Jul 13, 2005
- 35,388
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If You have no mouths to feed, really no point having too much cash on the side. Maybe enough to cover an emergency.
- Mar 22, 2003
- 28,962
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I love y’all but this thread makes my brain hurt
- Aug 9, 2014
- 12,841
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You know damn well that y’all with a finance related degree are the 1%
Rest of us learned from the streets
and Twitter and YouTube lol
- Jul 18, 2013
- 32,875
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I keep just enough cash to pay my bills. Everything else goes into the market.
I'd have significantly less money if I still kept around the amount of cash I used to.
I'd have significantly less money if I still kept around the amount of cash I used to.
- Jan 12, 2017
- 1,097
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Ex-McKinsey partner pleads guilty to insider trading in Goldman Sachs fintech deal
Dik**** plead guilty to one count of securities fraud, which brings a maximum prison sentence of 20 years.
Crazy
- Mar 22, 2003
- 28,962
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Ex-McKinsey partner pleads guilty to insider trading in Goldman Sachs fintech deal
Dik**** plead guilty to one count of securities fraud, which brings a maximum prison sentence of 20 years.www.cnbc.com
Crazy
McKinsey is the devil
- Oct 14, 2008
- 13,889
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All the ****** consulting jobs over the past 3 decades can all be traced to that ****** firm. Yet people still throw millions at them 
let alone the work they do with shady governments.
let alone the work they do with shady governments.
- Mar 22, 2003
- 28,962
- 17,623
All the ****ty consulting jobs over the past 3 decades can all be traced to that ****ty firm. Yet people still throw millions at them
let alone the work they do with shady governments.
Everyone I know left but their souls have been gone for years
- Jan 12, 2017
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They make you do a convoluted animal survival video game as a part of the application
- Mar 22, 2003
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Do they? Bob just comes off as an awkward dude
- Aug 22, 2012
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Not to mention the weirdos that work there (yes generalization)All the ****ty consulting jobs over the past 3 decades can all be traced to that ****ty firm. Yet people still throw millions at them
let alone the work they do with shady governments.
- Feb 19, 2019
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Premarket got me with the dwade pump fake this morning, smh
- Nov 2, 2006
- 15,448
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Finally able to start my $AMD position. Need more strong proven growth companies in my port. Played around too much with the speculatives. Made some money, lost money. But Im tryna get some real hitters and minimize my allocation to risky plays. Wanna get into $NVDA too, now would be a good time but I might have to wait
- Sep 13, 2012
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Yo, sorry for the rookie question here...but care to elaborate? We just bought our first house and I had the plan to toss a little more dough at it each month to go towards the principal.
It's funny how much of this (to me) is mental. Growing up in a family with a ton of debt, the goal has always been to eliminate it at all cost and "save for rainy day" in a traditional sense -ie banks. I am starting to understand the basics of the market and simple concepts like Index Funds vs a Savings Account (no brainer), but making it into an actual practice is hard work. Just want to keep learning and make sure i'm strategic on these first-time plays like purchasing a home.
Appreciate ya'll.
antidope
Supporter
- Jan 2, 2012
- 63,499
- 67,987
The math doesn't support it, it would tell you to invest that money. Over the last ten years (12/01/2011 to 11/30/2021) a 50/50 Stock & Bond Portfolio (using 50% S&P 500 & 50% Bloomberg Barclays) has returned +9.32% annualized.
If you're truly just trying to play the numbers, paying off a mortgage (or any sort of really cheap debt) early doesn't make financial sense if you had the option of investing that surplus vs using it to pay down debt. But its definitely more about just math.
Like you said there's a lot of emotion tied to it and it should be respected. I know people who have tens of millions of dollars who still won't do leverage even though it wouldn't hurt them at all and they just pay for everything cash. It's bad finance but what are you gonna do.
- Sep 27, 2003
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Psychology of money.
People just want to see a certain amount in their accounts liquid or be debt free. I’m guilty of that also stupidly
People just want to see a certain amount in their accounts liquid or be debt free. I’m guilty of that also stupidly
- Aug 19, 2015
- 8,317
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Basically as long as your investing return rate is greater than your mortgage interest rate... you should invest instead of paying extra on the loan.
- Nov 21, 2013
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a) put $10,000 towards your mortgage principal to save yourself $350 a year in interest.
b) don't save $350 a year on your mortgage. put $10,000 into an index fund and make $850 in interest the first year and then compounded after that. $922 the second year, $1000 the third year and so on.
What sounds better?
