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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Personal finance and investing megathread extravaganza

I know lewdog (and maybe others) have mentioned the desire to have a place to chat about personal finance stuff. We'll see if there's enough interest to keep this going in the long-term, but at least for now, here's a place to chat about whatever personal finance topics come up.



If you're just getting started thinking about saving and don't know where to begin, this flow chart can help. Ask for advice in the thread for more help!

Last edited by DaFace; 01-24-2018 at 03:49 PM..
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Old 11-07-2018, 10:35 AM   #2416
MahiMike MahiMike is offline
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Will be interesting to see how these elections affect everything. Bump this morning.
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Old 11-09-2018, 08:40 AM   #2417
BigRichard BigRichard is offline
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Quote:
Originally Posted by Hog's Gone Fishin View Post
I just bought some on the dip.
I was going to do the same thing but I am glad I didn't. JP Morgan just dropped their value on them down to like $6 a share. They are dropping this morning now.
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Old 11-09-2018, 09:25 AM   #2418
Hog's Gone Fishin Hog's Gone Fishin is offline
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I was going to do the same thing but I am glad I didn't. JP Morgan just dropped their value on them down to like $6 a share. They are dropping this morning now.
I obviously have as much influence as JP Morgan. GE sat between 12-15 forever. It goes to 11.60 so I throw 1K at it and now it's at 9.60.
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Old 11-09-2018, 09:38 AM   #2419
BigRichard BigRichard is offline
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Quote:
Originally Posted by Hog's Gone Fishin View Post
I obviously have as much influence as JP Morgan. GE sat between 12-15 forever. It goes to 11.60 so I throw 1K at it and now it's at 9.60.
It is actually right about 8.50 right now. I may make that jump here shortly once it drops some more.
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Old 11-15-2018, 12:31 PM   #2420
TinyEvel TinyEvel is offline
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Tossing around the option of a whole life policy as supplemental savings. I know that most people say buy term and invest the difference but the Long term care rider and tax avoidance when withdrawing later in life is appealing. Im 50 years old. and after 17 years the thing pays the premiums from the dividend, you stop paying into it, still get the 500K death benefit plus cash value at that point is around 290K.

This would be a supplement to a 401 K that I've built up over the past 25 years.

Thoughts?

Add this or keep contributing to 401K (some balanced funds and bonds as well as international stocks) and a online trading accounts (US stocks mostly tech and younger companies). but then be vulnerable to market shifts and taxes down the road.
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Old 11-15-2018, 01:18 PM   #2421
Buehler445 Buehler445 is offline
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Quote:
Originally Posted by TinyEvel View Post
Tossing around the option of a whole life policy as supplemental savings. I know that most people say buy term and invest the difference but the Long term care rider and tax avoidance when withdrawing later in life is appealing. Im 50 years old. and after 17 years the thing pays the premiums from the dividend, you stop paying into it, still get the 500K death benefit plus cash value at that point is around 290K.

This would be a supplement to a 401 K that I've built up over the past 25 years.

Thoughts?

Add this or keep contributing to 401K (some balanced funds and bonds as well as international stocks) and a online trading accounts (US stocks mostly tech and younger companies). but then be vulnerable to market shifts and taxes down the road.
Just do your research on the company. I have a term policy through Genworth which was a highly rated company. They got butt****ed by their LTC policies and donít do shit with life anymore and all the features that would be nice are out the window.

Typically you can do better in mutual funds but itís not a terrible tool.
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Old 11-15-2018, 01:39 PM   #2422
Iowanian Iowanian is offline
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Congratulations. This thread drew me into the Etrade hobby early in the year. I've invested only "extra" money like FFB winnings, dividends from other investments(bioD etc)....

So far, I'm only down about $750 on the year on whims I obtained by reading here.....GE looked like a good idea because it was down and I'd had reason to believe some industry relevant things were going to pay off for them....US steel, Silica and some other things when I thought the oil boom and Steel Tariffs were going to pay off.....

I'm learning though, and I cashed out a couple of shitters and took a shot at a couple of hemp stocks.

someday, I'll cash out a roll.
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Old 11-16-2018, 12:52 PM   #2423
TinyEvel TinyEvel is offline
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I'm not going with the whole life. Its basically putting a big wad of money into an account for 18 years to have access to about that same amount of that money. Anything you pull out takes away from the balance of the account AND the death benefit. I'd rather manage my own investments and pay uncle sam 30% of a higher wad of investment gains.

What it came to, was once I started running scenarios of how/when I would want to use the money down the road, the perceived benefit went away. The insurance salesman (introduced to me as a financial advisor, lets be clear, he's a salesman first) didn't tell me details about how taking money out would deplete the asset AND the benefit. I was led to believe that there were three piles of money (long term care benefit, death benefit and cash value) when in fact they are all the same pile of money, and once you start to withdraw from any of them they all go down.

Whole life insurance investments are for people who've maxed out their 401 K, IRAs and other investments (real estate, rental property, etc) and want to leave their family money when they die that isn't taxed like estate tax.

Last edited by TinyEvel; 11-16-2018 at 04:39 PM..
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Old 11-16-2018, 01:07 PM   #2424
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Quote:
Originally Posted by Iowanian View Post
Congratulations. This thread drew me into the Etrade hobby early in the year. I've invested only "extra" money like FFB winnings, dividends from other investments(bioD etc)....

So far, I'm only down about $750 on the year on whims I obtained by reading here.....GE looked like a good idea because it was down and I'd had reason to believe some industry relevant things were going to pay off for them....US steel, Silica and some other things when I thought the oil boom and Steel Tariffs were going to pay off.....

I'm learning though, and I cashed out a couple of shitters and took a shot at a couple of hemp stocks.

someday, I'll cash out a roll.
I apologize if I said anything that made you want to buy GE.
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Old 11-17-2018, 10:59 AM   #2425
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GE is a turd. I told you guys that many times here. Just because a stock is cheap, does not mean it's worth owning.


I've been using this volatility to make a bit of money. Bought and traded out of Goldman Sachs earlier this month for a quick few hundred dollar profit. It since has declined 15%. They really have some shady business practices.

My current buy and trade is using UPS, which should post a strong 4th quarter this year with a stock trading below ($110) it's projected value of $125 which should come by years end. If holding long-term it also provides a 3.3% dividend.

Apple has also recently taking a beating. Using past trends, it's always a good time to pick up Apple after a steep decline. Nothing wrong with owning a stock of a company with a huge cash pile and that people love. It's a great stock to swing trade or hold long term.
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Old 11-20-2018, 07:49 PM   #2426
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Hold on to your asses boys. I think this gets worse.
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Old 11-20-2018, 07:50 PM   #2427
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Old 11-20-2018, 08:07 PM   #2428
Hog's Gone Fishin Hog's Gone Fishin is offline
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Old 11-20-2018, 08:38 PM   #2429
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I picked the wrong time to open a Roth IRA and drop 11,000 in there for me and my wife. Grrrr....
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Old 11-20-2018, 08:58 PM   #2430
lewdog lewdog is offline
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I picked the wrong time to open a Roth IRA and drop 11,000 in there for me and my wife. Grrrr....
Actually today might not be a bad time. It's off the all-time high quite a bit and you aren't looking to use ROTH money for years I'd guess.
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