Displaying 1 - 10 of 79 Forum Posts1 2 3 4 5 Next
  • Jun 17, 2020 07:28 PM
    Last: 6mo
    3.7k
    Anyone start to make some profit on their first or second stimulus checks yet?
  • Mar 27, 2021 11:28 AM
    Last: 6mo
    89
    It's nice driving a nice car, pretty plain and simple. But as we all know nice cars come with a nice price tag. A mistake that I see many people making with they get a nice luxury or sports car is that they overlook the maintenance price. You should always do research on the maintenance for car you're purchasing. For example, there's a well known SUV that screams luxury. This SUV is phenomenal.. for the first buyer. The costs to maintain it for the first 50k miles or so are high, but what comes after is way higher. It becomes a crazy expensive vehicle to own after it hits the 50k mark. Alot of people don't take this into mind when buying these cars, especially in the used market. Just because it's a luxury car doesn't mean it's built so you won't have to pay luxury prices to maintain it. It's quite the opposite. Sometimes it's best to get a nicer economical vehicle that's made to last instead of the higher price "name brand" car.
  • Mar 24, 2021 02:37 PM
    Last: 6mo
    205
    Retirement goals have slowly become impossible goals. There's so many roadblocks in the way now to make a comfortable retirement easily obtainable. Sorry to not answer your question..
  • Mar 22, 2021 02:22 PM
    Last: 6mo
    127
    WyattTown Wrote: Robinhood used to be but after the Gamestop fiasco I would advise steering clear. I think Etrade or TD Ameritrade are solid, they advertise $0 trade fees. High on Nerdwallet's recommended list, a site I personally trust.
    I agree. TD and Etrade are good for zero fees.
  • Mar 25, 2021 02:23 PM
    Last: 6mo
    130
    WyattTown Wrote:

    The average annual return over the past 10 years or so is 13.6% which beats out the overall stock market of 9.2%. Of course from year to year it does much better or worse but just talking avgs. Even when we suffer recessions or depressions if you hold steady I think you can do a lot worse. Anyone diversified in the S&P 500 or is there something I'm missing that makes this not the safer bet that I think it looks like?

    From the numbers you posted it looks like a solid long term investment. There's always a chance of losing investment of course but it's history shows a strong hold in gains.
  • Mar 25, 2021 02:45 PM
    Last: 6mo
    259
    We all know inflation steadily rises over time. Sometimes it shoots up here and there, but for the most part it's a steady rise. usually to compensate for this we have increased cost of living wages and whatnot, but we (the US) has been pretty lacking in that department for a good while now. So as we see inflation rise and wages and stuff stay the same, it creates a pretty big problem for normal people to be financially secure. With all that, is there a better system that we are working towards to solve this issue? Is there ever going to come a day where we figure out how to slow down inflation so the wages don't have to continuously go up? That sounds like a logical route to me.
  • May 27, 2020 06:50 PM
    Last: 6mo
    344
    Does anyone know any helpful tips with the stimulus and filing taxes this year?
  • Mar 24, 2021 05:49 PM
    Last: 6mo
    117
    suzieo Wrote:

    Seriously? No thanks.

    I agree. I think it was a great idea for the time though. People aren't the same as they were then now days.
  • Mar 24, 2021 03:49 PM
    Last: 6mo
    127
    suzieo Wrote: Very true. At the very least do your homework. If you have a lot of extra money you don't have to wait but you might be surprised how much work goes into it. Still though with renting you get to rely on a landlord.. that goes away with home ownership.
    Having a landlord to take care of the big stuff is a huuuuge plus. Stuff like this is what first time home buyers need to experience before purchasing. It may even show them that buying a home isn't for them, at least for the time being.
  • Mar 24, 2021 03:49 PM
    Last: 6mo
    127
    This is something I always recommend when talking with anyone that's thinking about buying their first home. In my opinion, always rent a house for at least a year before purchasing your first home. I know it seems like if you don't buy that house it'll be gone and you'll never get the same opportunity again, but you just have that feeling because you want it, not because it's logical. Renting a house can show you a little bit of how much work goes into maintaining a house. It can show you what it's like to take care of the lawn, pay bills, pest control, etc, etc that you don't get from say an apartment. If you can't handled maintaining a rented house then you're definitely not ready to own one.