Financial Checkup, Let's Discuss Positions, Holdings, and Thoughts for Near Future

[Lastblade]

my reits are getting killed, so the only thing I can do is buy more and hope we are not in a prolonged recession.

 

[racecar]

my reits are getting killed, so the only thing I can do is buy more and hope we are not in a prolonged recession.

Buy 25% every 3 months ...

 

[SML]

Hey guys stupid question but what are finances

 

[Tripredacus]

What other things can you do besides an IRA for retirement? You should be ok as long as you max those out every year. I dont think Transformer toys or video collection counts.

Yeah I thought 401k was the beez neez until I got an IRA. Now I have two IRAs, I opened a second one last week.

 

[HDRchampion]

Yeah I thought 401k was the beez neez until I got an IRA. Now I have two IRAs, I opened a second one last week.

What's the point of having two IRAs? No matter what, the max you can contribute is $6,000 a year with all your IRA combine.

So with 401k, that's a total of $25,000 annually to max out. If you start this when you're 30 by the time you retire, you should be getting around 3.6million on that alone w/ a modest 6% return. That's if you want to contribute till you're 68, fuck that noise. So the younger you start the earlier you can fucking retire.

Im lucky enough that both homes are paid for and just couple more years till we get the other 2 kids college paid off. Then ill be able to somewhat relax a bit more.

I wonder if the housing will be cheap next couple years. Really want to get one more house, that way when i die each kid can have a place. Not sure if i want the headache of dealing with renters though.

 

[Lastblade]

If we indeed go into a real recession, housing prices will definitely come down. Given how high the prices have been, I can see it starts a chain of foreclosures that can rival 2008. I don't know if it will happen, but it is a possibility.

 

[F4U57]

What's the point of having two IRAs? No matter what, the max you can contribute is $6,000 a year with all your IRA combine.

So with 401k, that's a total of $25,000 annually to max out. If you start this when you're 30 by the time you retire, you should be getting around 3.6million on that alone w/ a modest 6% return. That's if you want to contribute till you're 68, fuck that noise. So the younger you start the earlier you can fucking retire.

Im lucky enough that both homes are paid for and just couple more years till we get the other 2 kids college paid off. Then ill be able to somewhat relax a bit more.

I wonder if the housing will be cheap next couple years. Really want to get one more house, that way when i die each kid can have a place. Not sure if i want the headache of dealing with renters though.

This is basically every single post from you now. Be sure to tell is again next post.

 

[Heinz]

This is basically every single post from you now. Be sure to tell is again next post.

Eventually he'll post once a year with the same shit and then and only then shall he become a contender for... THEMAN, the annhialator of worlds.

 

[HDRchampion]

This is basically every single post from you now. Be sure to tell is again next post.

Eventually he'll post once a year with the same shit and then and only then shall he become a contender for... THEMAN, the annhialator of worlds.

This is the finance thread you cunts.

 

[evil wasabi]

This is the finance thread you cunts.

you're not discussing your positions or holdings. And from everything you have told us, it's probably your wife's money.

 

[LoneSage]

HDR no one has two homes. You're much better off joining reddit and asking questions in /r/personalfinance or /r/FIRE financial independence, retire early

 

[evil wasabi]

HDR no one has two homes. You're much better off joining reddit and asking questions in /r/personalfinance or /r/FIRE financial independence, retire early

what about /r/cfb?

 

[Heinz]

you're not discussing your positions or holdings. And from everything you have told us, it's probably your wife's money.

He talks of working 43 hours a day and shows his house off (one room) full of frivolous bullshit, YEAH it's his fucking wifes money. He probably works as a cleaner and the wife is never home so she doesn't care if his tacky crap is everywhere.

 

[wyo]

He talks of working 43 hours a day and shows his house off (one room) full of frivolous bullshit, YEAH it's his fucking wifes money. He probably works as a cleaner and the wife is never home so she doesn't care if his tacky crap is everywhere.

HDR is busting his ass to provide for his family, goddammit!

Sure, it's possible his wife's plan is to work him into an early grave, throw out all his action figures and retire with a housing empire but let the man enjoy the time he has left.

 

[HDRchampion]

HDR no one has two homes. You're much better off joining reddit and asking questions in /r/personalfinance or /r/FIRE financial independence, retire early

There is no Lonesage though.

He talks of working 43 hours a day and shows his house off (one room) full of frivolous bullshit, YEAH it's his fucking wifes money. He probably works as a cleaner and the wife is never home so she doesn't care if his tacky crap is everywhere.

Yes my wife has a nice professional job, but she has been part-time for 8 years now...When our son was born she wanted to do the full time mom thing since this was our last child.

What's wrong with being a cleaner? A man that works as much as he can no matter a job should be admired.

 

[evil wasabi]

What's wrong with being a cleaner? A man that works as much as he can no matter a job should be admired.

whut

don't come here trying to act like neobuyer seeking validation from us.

 

[Tripredacus]

What's the point of having two IRAs? No matter what, the max you can contribute is $6,000 a year with all your IRA combine.

They operate on different risk tolerances.
Also, I'm not planning on making any further contributions.

 

[Poison Sama]

Damn...it seems like hiring a professional conman to run the US wasn't such a good idea after all...

 

[racecar]

So unlimited printing is their trump card ...Next move would be to banned short selling. The idiots spending spring break in Florida Going to bump up the spread of covid19 . Us market still will come out ahead of the rest of the world, if your going to put you moneys the us us still the place to park it .

 

[racecar]

i have exited the market completely ..sitting on 60% cash and 40% in metals . Personally i dont feel comfortable and feel jitter about the market run up . a lesson from 2008

 

[racecar]

Bump to this thread as we had fully recovered and then some Dow and the s&p are at all time high

 

[Heinz]

My beer stocks keep going down every week! What is the world coming to!?

 

[oliverclaude]

My beer stocks keep going down every week! What is the world coming to!?

drunks

 

[evil wasabi]

i have exited the market completely ..sitting on 60% cash and 40% in metals . Personally i dont feel comfortable and feel jitter about the market run up . a lesson from 2008

Unless you were sitting on tungsten cubes... not sure metals was a good idea.

 

[Claudia Schiffer]

@HDRchampion do you have any updates for us?