New To Investing Thread

[Dr Rick Daris]

KITN you have any properties that you airbnb or vbro? seems like some are banking on those in mhk

Once my kids move out and I can retire (10 years?), I am going to vrbo my place in the fall for football games, etc and live somewhere else for a few months. Different place every year. Colorado? Sure. Ireland? Why not! Stupid/small Mexico beach town that SD hates? You betcha.

[Stupid Fitz]

KITN you have any properties that you airbnb or vbro? seems like some are banking on those in mhk

Once my kids move out and I can retire (10 years?), I am going to vrbo my place in the fall for football games, etc and live somewhere else for a few months. Different place every year. Colorado? Sure. Ireland? Why not! Stupid/small Mexico beach town that SD hates? You betcha.

This sounds amazing. Contracts RD.

[mocat]

good plan

[steve dave]

I'm going to put in a pool and then rent it out to people for pool parties

https://www.3newsnow.com/news/local-news/omaha-homeowner-uses-swimply-app-to-share-her-pool-with-the-community

[ben ji]

I'm going to put in a pool and then rent it out to people for pool parties

https://www.3newsnow.com/news/local-news/omaha-homeowner-uses-swimply-app-to-share-her-pool-with-the-community

Do they get to come inside to pee or do they just go in your pool?

[Kat Kid]

https://twitter.com/TheStalwart/status/1556569955017056257?s=20&t=ypJFgkWe1Ry4_V1h8wbHEg

[catastrophe]

yes

Anyone want to explain if there is a catch here? Obviously it won’t stay at 9.6 forever but seems like a good idea for alternative investment.

[steve dave]

yes

Anyone want to explain if there is a catch here? Obviously it won’t stay at 9.6 forever but seems like a good idea for alternative investment.

there really isn't a "catch" but there are a lot of rules and whatnot. You can only buy $10k a year (per person so a spouse could buy another $10k). You lock that rate for a 6 month term so the 9.6% is annualized. It adjusts every 6 months based on CPI. You have to register and use the governments shitty website to transact in them. It's a very nice little guaranteed return that's slightly outpacing inflation and obviously a much more peggy pos option when both the equity and public bond markets have been eating crap. but now the markets are ripping and you'll be sitting there in your boring ass bond so nancy neg there.

[sys]

don't you lose the last 6 months interest when you sell or something like that?  i thought that was the catch (beside the 10k limit).

[steve dave]

don't you lose the last 6 months interest when you sell or something like that?  i thought that was the catch (beside the 10k limit).

If you cash out before it is 5 years old you lose the last 3 months. you can't cash out until they are at least 12 months old. they technically have a 30 year maturity if you plan to put them in an old book on your shelf and then die and then your house gets sold at public auction and then somebody finds them 30 years later (and you have a paper one for some reason).


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[steve dave]

here's the website with all the stuff. you have to set up a treasurydirect account if you want to buy stuff like you're signing up for netscape e-mail.

https://treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm

[Phil Titola]

I bought a bunch years ago when the fixed rate was like 2% so those are looking like a hot piece of ass. Sucks the fixed hasn't moved up at all lately.

[DaBigTrain]

I bought some $NVTA 3 weeks ago and today was a good day to sell it

[steve dave]

these markets are really craving a shitty job report tomorrow. bad news = good news and all that.

[steve dave]

can't decide if this is a good visual which puts things into perspective or is just a fintwit I AM 14 AND THIS IS DEEP

[catastrophe]

I kinda like it, but what the market is doing right now definitely has a real impact on even smart, conservative investors. The FIREcalc site does a good job of explaining this. If you take the same assumptions of nest egg + spending, you can end up with wildly different results by changing just the year you retire in.

It’s another great reason to try to budget retiring early if you can, so that you’re still in prime working shape to put in a couple more years if the market ends up sucking right when you were gonna coast.

[DaBigTrain]

Jesus Christ

[yoga-like_abana]

BUY! BUY! BUY!

[IPA4Me]

Sure, if you want to dollar cost average down. We still have a ways to go to the bottom.

[Spracne]

Sure, if you want to dollar cost average down. We still have a ways to go to the bottom.

Will you shoot me a text when we get there, or preferably right before? Thanks in advance.

[steve dave]

It’s fine




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[cfbandyman]

September is always the worse month, so w/e, for now

[bucket]

https://twitter.com/axios/status/1568814670680662016

I'll be looking to buy, but I'm not in a hurry to do it.

[XocolateThundarr]

Great buying opportunities.

[steve dave]

Carter Worth is one of the only technical analysis nerds that I can listen to. Interesting post here.

https://twitter.com/CarterBWorth/status/1572617280944754691