By lovingsteam Go To PostImpossible! BTW Enron, seeing as you are a native Atlantian and I have only been here a couple of years, I have to say I never knew this city could have been so amazing in terms of food. Ranks up there with L.A., San Fran, Seattle, etc.
LOL. As someone who has lived here for over 10 years now, I cannot agree with that. LA, Seattle, SF all eat our lunch when it comes to fine dining.
Im not a native Atlantan, either. I was born and raised in Dallas, TX. Moved to north Ga as a teenager, went to UGA for 6 years, and then moved to metro ATL.
By Enron Go To PostLOL. As someone who has lived here for over 10 years now, I cannot agree with that. LA, Seattle, SF all eat our lunch when it comes to fine dining.
Im not a native Atlantan, either. I was born and raised in Dallas, TX. Moved to north Ga as a teenager, went to UGA for 6 years, and then moved to metro ATL.
I loved in L.A. for 26 years and Atlanta definitely ranks up there for me. Holeman & Finch? Antico? Bar Taco? Soooo good.
By Enron Go To PostI just said this exact thing like 3 times and I got people jumping down my throat over it. I guess lovingsteam is just more likeable!
No one jumped down your throat for suggesting that 30 somethings with decades to go until they retire should avoid panic selling their portfolios.
People jumped down your throat for suggesting that freaking out over something that "isn't as bad as 2008" is somehow unjustified or that 2008 wasn't that bad because we eventually sort of recovered.
Telling people to fuck with the global economy to peddle their ideological values because things will still recover in the end is akin to the advice I gave you about your career.
By 3SidedPolygons Go To PostTelling people to fuck with the global economy to peddle their ideological values because things will still recover in the end is akin to the advice I gave you about your career.
Uhm, where did I say that? Oh that's right, I fucking didn't.
I just said that people HERE shouldn't be panicking because this will be a blip, more akin to when the US had its credit downgraded over gov't shutdown fears rather than some kind of major systemic issue like 2008, when there was a very real looming crisis of liquidity world-wide and near zero confidence in the banking system.
These things are NOT the same, and investor behavior is predictable (panic) and will predictably settle like it always does.
I loved the Thai food in Atlanta. Some real elevated shit.
Not to rub it in though, but New York is the culinary capital of the world.
Not to rub it in though, but New York is the culinary capital of the world.
By Enron Go To PostUhm, where did I say that? Oh that's right, I fucking didn't.
I just said that people HERE shouldn't be panicking because this will be a blip, more akin to when the US had its credit downgraded over gov't shutdown fears rather than some kind of major systemic issue like 2008, when there was a very real looming crisis of liquidity world-wide and near zero confidence in the banking system.
These things are NOT the same, and investor behavior is predictable (panic) and will predictably settle like it always does.
And yet no one challenged your assertion that 30 somethings shouldn't panic sell all of their investments. In fact, everyone else in the forum said the same thing. So which clouds are you angrily yelling at again?
So now that today's dust has settled the damage to my portfolio looks minimal so far. As I mentioned before, I had them put it together with exactly this sort of thing in mind, so I was already well protected against volatility. I'm going to have a call with my dude tomorrow to see if we can exploit the downturn and maybe make me some money off of this.
US Stocks at a record high
Checked my file to see if there's been much change...looks like I'm now at 12% return, up from 10% when I made the thread. Onward and upward to 15%?!
Checked my file to see if there's been much change...looks like I'm now at 12% return, up from 10% when I made the thread. Onward and upward to 15%?!
Anyone have any advice on credit cards? I got a couple of go-to ones I've held on for years, one with a low APR that I tend to use in a pinch and another with 2x points on dining/entertainment, but looking to get one with some better/different rewards.
Specifically, looking at the Chase Sapphire card.
Sapphire has great travel rewards but they want you to spend $4k in the first 3 months to get the sign-up bonus and there's no intro rate, then a $95 annual fee (waived for the first year), 2x points and a 25% bonus on travel purchases. There's also the Sapphire Reserve, but that has a $450 annual fee up front, but with 3x the points and 50% bonus on travel purchases.
Specifically, looking at the Chase Sapphire card.
Sapphire has great travel rewards but they want you to spend $4k in the first 3 months to get the sign-up bonus and there's no intro rate, then a $95 annual fee (waived for the first year), 2x points and a 25% bonus on travel purchases. There's also the Sapphire Reserve, but that has a $450 annual fee up front, but with 3x the points and 50% bonus on travel purchases.
Can't help you there. I just have a single credit card and it is a Capital 1 Platinum. It gives 1% cash back, but eh. I just needed it to build up credit.
By reilo Go To PostAnyone have any advice on credit cards? I got a couple of go-to ones I've held on for years, one with a low APR that I tend to use in a pinch and another with 2x points on dining/entertainment, but looking to get one with some better/different rewards.
Specifically, looking at the Chase Sapphire card.
Sapphire has great travel rewards but they want you to spend $4k in the first 3 months to get the sign-up bonus and there's no intro rate, then a $95 annual fee (waived for the first year), 2x points and a 25% bonus on travel purchases. There's also the Sapphire Reserve, but that has a $450 annual fee up front, but with 3x the points and 50% bonus on travel purchases.
Reserve is better than Preferred as long as you travel like, once a year.
300 dollars in travel credit is free money
Lemme know if y’all have credit card questions. I️ used to work for Cap1
By reilo Go To PostSo even with the $450 annual fee you'd recommend Reserve?
Actually now I looked at their sign up bonus again. Did not realize Chase bumped the Sapphire Preferred ESB to 50K from 40K.
That's pretty big.
How much do you travel?
The reason I ask is, if you make more than 2 or 3 trips a year the scales tip pretty easily in Reserved favor.
If you only fly once a year or two short $100 flights then that's no longer the case.
Yea it's mostly shorter flights. I will try for sure to do a bit longer trips next year but to hit that 50,000 bonus I would need to spend $4,000 in the first 3 months. Maybe I'll do that in a couple of months but yea, it would require for a follow-up travel trip to make it worthwhile.
So like for me, my family lives in GA, so if I'm flying back home for thanksgiving that's easily a $350+ flight, and the travel credit will cover that. So now I'm basically deciding between a $150 card vs a $95 card (first year waived). The first year waiver is made up by the higher redeem on the ESB. (1.5x on Reserve vs. 1.25x on Preferred, so if you get the 50K bonus you essentially end up with $750 in real money vs. $625 for the Preferred, in fact you actually made out with an extra $30)
That $55 difference in annual fees pay for lounge access and Global Entry or TSA Precheck application fees. And if you don't use either of those benefits, then you'd need to spend $5500 on dining/travel a year to make up for it.
O and Travel also includes Uber and Public Transportation, so if you use Uber/Lyft or ride BART all the time, that counts toward the $5500 you need to spend to make up for the difference in annual fee
I eat out a lot so that's a no brainer for me. It was a much easier decision when the early spend bonus was 100K for Reserve and 40K for Preferred. When they lowered the bonus from 100K to 50K it was still in Reserved's favor. But now they upped Preferred to bring it to par it's a bit more difficult to choose.
That $55 difference in annual fees pay for lounge access and Global Entry or TSA Precheck application fees. And if you don't use either of those benefits, then you'd need to spend $5500 on dining/travel a year to make up for it.
O and Travel also includes Uber and Public Transportation, so if you use Uber/Lyft or ride BART all the time, that counts toward the $5500 you need to spend to make up for the difference in annual fee
I eat out a lot so that's a no brainer for me. It was a much easier decision when the early spend bonus was 100K for Reserve and 40K for Preferred. When they lowered the bonus from 100K to 50K it was still in Reserved's favor. But now they upped Preferred to bring it to par it's a bit more difficult to choose.
My flights to Portland are usually $100-150 roundtrip, about 3 or 4 times a year, but like I said I want to travel more. My BART is taken out directly from my paycheck pre-tax so I save $20/mo on that.
My Citi card does give me a 25% bonus on travel purchases and I get the same 2x benefits for Dining and Entertainment. Maybe I'll try going exclusively with that card for the moment and see how much I save.
My Citi card does give me a 25% bonus on travel purchases and I get the same 2x benefits for Dining and Entertainment. Maybe I'll try going exclusively with that card for the moment and see how much I save.
By reilo Go To PostMy flights to Portland are usually $100-150 roundtrip, about 3 or 4 times a year, but like I said I want to travel more. My BART is taken out directly from my paycheck pre-tax so I save $20/mo on that.
My Citi card does give me a 25% bonus on travel purchases and I get the same 2x benefits for Dining and Entertainment. Maybe I'll try going exclusively with that card for the moment and see how much I save.
Is that the preferred or premier Citi ThankYou card? if it's the premier then yeah you should skip getting a new annual fee card. My philosophy is basically have only one card with fees and get those free cashback cards for gas and groceries and whatnot like Quicksilver or Freedom or Discover.
That changes if you're looking to get a trip to Asia out of all these early spend bonuses however.
It's the Citi ThankYou card.
And yea, the Sapphire have 0 international fees as well, so if I were to travel overseas I'd save a bit on that.
And yea, the Sapphire have 0 international fees as well, so if I were to travel overseas I'd save a bit on that.
By reilo Go To PostIt's the Citi ThankYou card.
And yea, the Sapphire have 0 international fees as well, so if I were to travel overseas I'd save a bit on that.
No I mean is it the free version or the $95 a year version?
if it's the $95 a year version, there's really no point in sticking with that card over what Chase is offering as long as you don't have a ton of points waiting to be redeemed. Just downgrade to the free version and get that free $500 from Chase.
It's pretty easy to hit the $4K spend in 3 months if you're doing your holiday shopping on there. Or put your next car insurance bill on it if it's coming up.
By reilo Go To PostFree version. I've never paid a fee for it.
Hmm in that case I would pass on the Sapphire Preferred ($95) card since you're already getting majority of the benefit from a card that's free. Unless the $500 up front spend bonus is just that appealing to you.
I think Sapphire Reserve still has some value if you're gonna do a lot more travelling, particularly traveling abroad. I think the decision comes down to getting the Reserve card or just hold on to your current card.
By reilo Go To PostMy car insurance is $82/mo, I doubt it'll do lol.
Fuck, so jealous. I'm on 140 a month.
I guess you can pay 6 months all at once? But even then that's still just $500 bucks and doesn't really move the needle. When I grabbed my Reserve I paid $800 for the insurance and then $1300 for a new computer i needed anyway. Hitting that $4K was pretty simple.
Great, thanks! Appreciate the advice. I think long-term I want the Reserve card, or the equivalent AmEx if I'm gonna spend that much on yearly fees.
Yeah no problem. Honestly tho, the Reserve is a much better proposition than the AmEx platinum, which compete in the same space. The AmEx card is more expensive ($550 vs. $450), offers $100 less in travel credit ($200 vs. $300), and doesn't give you extra points except on Flights and Hotel purchases.
The only thing it has over Sapphire Reserve is automatic Starwood Gold and Hilton Honors Gold statuses, which only appeal to a very limited number of people.
It hurts to say cuz we've tried to compete with them for years and failed, but Chase is kicking everybody's ass in the premium credit card space.
The only thing it has over Sapphire Reserve is automatic Starwood Gold and Hilton Honors Gold statuses, which only appeal to a very limited number of people.
It hurts to say cuz we've tried to compete with them for years and failed, but Chase is kicking everybody's ass in the premium credit card space.
My 401k finally rolled over to Betterment.com and this website is nice. I really love how concrete and unambiguous this interface is. I think I'm also going to invest in a traditional investment account once I can to diversify a bit (and make that one a wee bit more aggressive) so I have some taxable growth available in case I need it. It also looks like you can sync external retirement accounts with various providers to keep track of those via the Betterment website.
My rollover was also in process during the recent nose dive in the market and it didn't clear until today, so I was able to avoid all losses.
My rollover was also in process during the recent nose dive in the market and it didn't clear until today, so I was able to avoid all losses.
i've been eyeing betterment hard. got the app on my phone and everything. like you mention i really like the interface and how easy (it seems) to do any investing. one day i'll hop in.
By reilo Go To PostWelp, looks like I didn't entirely escape the nose dive as the DOW closed -1000 today 🤦🏻♂️i lost 12% this past week or so
By reilo Go To PostWelp, looks like I didn't entirely escape the nose dive as the DOW closed -1000 today 🤦🏻♂️
u thought u was safe lol
By diehard Go To Posti lost 12% this past week or so
same
Do y'all use regular savings accounts? Weird question since they all have horrible interest rates. I got tired of earning 8 cents a month, so I went felt like trying one of those online banks.
I moved my savings to Ally and get like 10 bucks a month now. Yay. Still need to get better with investing stuff. Guess now would be a good time to buy with the way the market has been lol.
I see people bring up vanguard all the time. What is it?
I moved my savings to Ally and get like 10 bucks a month now. Yay. Still need to get better with investing stuff. Guess now would be a good time to buy with the way the market has been lol.
By reilo Go To PostGonna guess we're all Vanguard boyzzz
I see people bring up vanguard all the time. What is it?
By reilo Go To PostGonna guess we're all Vanguard boyzzzI haven't looked at any of my three investment accounts.
By joefu Go To PostDo y'all use regular savings accounts? Weird question since they all have horrible interest rates. I got tired of earning 8 cents a month, so I went felt like trying one of those online banks.
I moved my savings to Ally and get like 10 bucks a month now. Yay. Still need to get better with investing stuff. Guess now would be a good time to buy with the way the market has been lol.
I keep a very minimal amount in savings, to be honest. Just enough to avoid getting hit with a fee. As soon as any excess accumulates to a sufficient amount, I move it over to my brokerage account and invest it.
By joefu Go To PostDo y'all use regular savings accounts? Weird question since they all have horrible interest rates. I got tired of earning 8 cents a month, so I went felt like trying one of those online banks.I do, but I don't use it for investment; I use it in case things go tits up. I generally keep at least enough in there to pay six months of all expenses.
I moved my savings to Ally and get like 10 bucks a month now. Yay. Still need to get better with investing stuff. Guess now would be a good time to buy with the way the market has been lol.
I see people bring up vanguard all the time. What is it?
By joefu Go To PostI see people bring up vanguard all the time. What is it?One of the more popular investment funds.
By Kibner Go To PostI haven't looked at any of my three investment accounts.I only looked because my rollover cleared today.
Yeah. I throw money in work 401k, about 12% per paycheck right now. I put a bit more into savings since I like having some liquidity. Maybe once I hit an ok amount in savings I should stop and just try something else.
Long-term (like talking decades here) you're better off investing your money than keeping it in a savings account.
I look every day, or close enough to it. I keep charts and graphs (on my 401k and Roth, not the side investment account).
I mean, it's either that or actually be productive at work.
But that's all I do. I don't panic, I don't chase market movers. My allocations are fixed, I'll adjust them once per year, with the trend being a gradual increase in my international exposure to get closer to what's in the general vicinity of what Fidelity or Vanguard are doing (I'll probably never get anywhere near as high on international as Vanguard, though).
I mean, it's either that or actually be productive at work.
But that's all I do. I don't panic, I don't chase market movers. My allocations are fixed, I'll adjust them once per year, with the trend being a gradual increase in my international exposure to get closer to what's in the general vicinity of what Fidelity or Vanguard are doing (I'll probably never get anywhere near as high on international as Vanguard, though).
Well yeah, the savings account is just in case I want to or need to spend it on something.
I just wanted it to accrue some additional money while I don't touch it. 1.35% is way better than .01% lol
I just wanted it to accrue some additional money while I don't touch it. 1.35% is way better than .01% lol
even if you invested at the crest right before Bear Stearns fucked itself, you'd still be up about 60% over 10 years. Unless you have Biff's almanac or the down payment for a home in Palo Alto at the time, there aren't very many asset classes that could've outperformed the stock market.
By Smokey Go To PostThanks TrumpYou shouldn't actually be joking:
One new source of pressure on bonds is the budget deal that Trump signed on Friday. The bipartisan agreement boosts federal spending limits by $300 billion over the next two years. The federal budget deficit could top $1 trillion in fiscal 2019, according to Bank of America.
"You are at full employment, and the government is engaging in significant fiscal stimulus," Brown said. "There are concerns that this is not the ideal time to be increasing fiscal expansion. The market is pricing in potential for some overheating."The economy is good, trying to inject stimulus into it is completely bonkers.
By reilo Go To PostYou shouldn't actually be joking:
The economy is good, trying to inject stimulus into it is completely bonkers.
I wasn't joking. I've been hearing how the tax cut may have "overheated" the economy .
By Smokey Go To PostUS Stocks at a record high
Checked my file to see if there's been much change…looks like I'm now at 12% return, up from 10% when I made the thread. Onward and upward to 15%?!
wew