• Breaking News

    Monday, May 7, 2018

    Home Unlabelled Financial Moronic Monday, May 07, 2018 - Your Weekly Questions Thread

    Financial Moronic Monday, May 07, 2018 - Your Weekly Questions Thread

    May 07, 2018

    Financial Moronic Monday, May 07, 2018 - Your Weekly Questions Thread

    Moronic Monday, May 07, 2018 - Your Weekly Questions Thread

    Posted: 07 May 2018 06:06 AM PDT

    This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome.

    Replies are expected to be constructive and civil.

    Any questions about your personal finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers.

    submitted by /u/AutoModerator
    [link] [comments]

    What are your favorite finance textbooks?

    Posted: 07 May 2018 08:20 AM PDT

    Best way to build a credit score UK?

    Posted: 07 May 2018 03:25 AM PDT

    I (F18) want to build a good credit score. Any advice or anything to avoid? Currently have direct debts coming out of my account every month, which have never been bounced yet.

    submitted by /u/Unkn0wnJunk109
    [link] [comments]

    How much additional cash do I need to retire with a cash flowing investment home?

    Posted: 07 May 2018 10:34 AM PDT

    How much do I need to retire or work part time?

    Age: late twenties

    Debt: $2700 a month on student loans ($220k or so) - 10 year plan with about 8 years left (4.5%)

    Investment property Mortgage: $400k ($2300 or so) 3.1% interest Investment property monthly revenue: $7500 or so

    401k balance: $83k IRA: $33k Stocks: $120k

    If the investment property cash flow remains constant, how much would I need in cash, stocks and in retirement accounts to retire early? With say $76k spend annually.

    My math is $3000 * 12 = $36000 (estimating $3k net cash flow from investment property.) $1 million * 4% rule = $40k

    $40k + 36k = $76k Therefore I need $1 million in additional cash. Does this sound correct?

    submitted by /u/vinny809
    [link] [comments]

    Can someone help me understand this DPS calculation problem

    Posted: 07 May 2018 09:32 AM PDT

    PayPie Introduces Live Beta With QuickBooks Integration

    Posted: 07 May 2018 01:43 AM PDT

    21M soon to be grad student looking for some advice

    Posted: 07 May 2018 01:56 AM PDT

    Hey guys, this may or may not be the best sub to ask these kind of questions but... here goes

    I am soon to be graduating from university with a Masters in Mechanical Engineering, and hopefully i'd land a grad job following it. The question is, let's your parents left you with a decent amount of funds that they want you to invest on things/make more money out of it. What would you do ?

    I honestly would think the first thing to do is to learn about stock investing, but maybe I am just misinformed. Would appreciate any advice and suggestions :)

    submitted by /u/VeryNormieNormal21
    [link] [comments]

    Should I buy a house?

    Posted: 06 May 2018 11:48 PM PDT

    So, let me lay out some facts.

    My Cash:

    Stock $4000

    Savings $4000

    401k $20000

    Income $1600 biweekly

    Hard Expense $1000 monthly (rent + auto loan)

    Soft Expense $600 monthly (food + dog + fuel + misc)

    My gf's:

    savings $4000

    401k $6000

    Similar income and similar expenses

    I have a girlfriend of 8 years, and we both graduated with Bachelor's, making a little below 70k each.

    We both paid off our student loans recently, and only loans we have on our names are auto loans ($10k left for me, $20k for her).

    When we were in univ, we lived together for 3 years but because of timing, graduation, relocation, and family, we currently don't live together but live with our own parents.

    Now that we are 27 and 25, we are thinking of living together again by getting a house/townhome/condo together. Credit union at my company currently offers 2.75 APR for first 5 years of 30 years plan (and we are planning on paying aggressively for that 5 years to shave down principle by applying one person's entire paycheck to the loan payment.)

    I am asking for an advice.

    1. How much cash should we have aside from down payment, closing cost, and furnatures? We are planning on paying 3% down on maximum of 300k house in Dallas TX.

    2. Should I get the house by myself first, then have my gf move in with me? What are some traditional way ppl do this? I should be able to be approved for $280k loan by myself.

    1. Because of rising house prices and interest rates, I would like to buy a house by end of this year. Will that be do-able? Or recommended?

    2. Living with family comes with a lot of expenses unaccrualed for. Especially for my gf. Gf doesn't want to buy a house until we have 20 k each in cash, but that would take another year and house prices will be up that much... What are your thoughts on this?

    submitted by /u/o0tomato0o
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment