30's not likely but low 40's is certainly on the table. The question you really have to ask is...if Im forecasting all these factors for oil why even invest in the oil companies like SDRL to begin with? The answer lies in the demand of oil. It's robust and will only grow. Plus when refineries come back on line and summer driving starts and pray to Jesus Iran loses their deal or there is another Middle East crisis then the explosive rise in share prices like we are seeing now will hit.
I couldn't afford much when we got married and we got a small $2500 ring. A few years later when my salary was much higher I upgraded the ring to a 20k ring. She wears both.
I didn't base it on a percentage of income but rather what my wife wanted--"round cut and not too gaudy or big that it gets in the way (I interpreted that as less than 1.5 carats)"--and what I thought was a reasonable amount to spend. I had a number in mind but ended up increasing it by about 10% to get the diamond studded band.
Back on the investing subject. I found out yesterday that the biotech company that i am an angel investor in got its second huge investment in the last 6 months. 6 months ago they got a $105 million investment from Viking Global Investors and yesterday they closed on a $195 million round of financing that values the company at $995 million. Not sure if anyone is familiar with this type of stuff but can anyone comment, Rabid , on why they would raise money this way (latest was a Series F round of financing) as opposed to going public? Obviously we get diluted a little bit with each round so curious as to why they are going this route.
They likely either don't feel ready to be a public company or feel like they are close on something that would make that valuation much higher so selling less equity to get them there is better than selling a lot of equity and further diluting existing shareholders.
Nice. That's very similar to the ring I'm looking at, only she likes that same design but with a halo. I'm looking at the $5-8K range probably, but it will come down to whatever I can buy with all cash, no financing.
bingo. And after a week or 2, they're all dirty. And all 'sparkle' the same. Go for Color and Carat imo.
I spent $250, with a coupon for free shipping, she picked it out- neither of us are flashy people, and money on a ring was just a complete waste to both of us.
http://www.investopedia.com/university/adr/adr1.asp Otherwise, find a brokerage firm that allows buying stocks on foreign exchanges. I'm pretty sure ETrade does.
I have $80 cash left in my Robinhood account. I could send it back to my bank but I'd rather throw it in something random. Give me something to play with.
Random question that might be stupid: is there a CUSIP # for an e-mini future? I want to start messing around trading them but I work at a regulated firm and have to clear with compliance. Can't find it in the system, unless it just falls under the CME umbrella.
Not sure about CUSIP # but the symbol i use to access it is ES/15M.CMG Case sensitive. Does that help?
i'm looking at a job offer here in terms of 401k they're saying they match 25 cents per $1 contributed, up to 6% of your salary is it just me, or does that sound really shitty?
Yeah that's pretty shitty- I've always seen equal match up to 3% as being kind of the "good norm"...you're only getting 1.5 on 6
so what kind of salary premium would y'all demand to compensate? basically i'm looking at option a: $51,000 / yr, 401k employer contribution of 4% of salary ($2,040 per year) + defined benefit pension with retirement at age 53 option b: $65,000 / yr, 401k match of 25 cents per dollar, up to 6% of salary
My new job offer has a really good 401k match but it's set up a little strange. They match 100% of the first 2%, then 50% of the remaining contribution up to 6%. So, essentially if you contribute 6% you get 4%, but THEN they add 3% on top of that. So contribute 6% and you get 7% from company. Seems unusually good, right?
how do you come up with 1.5%? it seems like their contribution rate is variable depending on how much i contribute
I'm assuming they're interpreting your "up to 6%" to mean that they stop matching once your contributions hit 6% when I'm guessing you meant they would match 6% if you contribute 24%.
Thanks, but no that didn't work either. I think because its a futures contract instead of an actual security that is probably isn't in our system. I'm probably going to have to call someone to figure this out, which is always super helpful.
exact language they use is: "<Firm> matches $0.25 for each $1.00 contributed by the employee - up to 6% of employee’s salary. " I interpret that to mean that their contribution rate, measured as a % of salary, would be variable based upon how much I contributed. also because of the 401k limit ($18000) it looks like I would never be able to reach 6%. example: 65,000 salary 22% contrib from me = $14,300 employer contrib = $3575 total = $17875, pretty much the max I could legally contribute. With that setup, it looks like it'd be 5.5% of my salary
Personally I would go with option b because at least you would feel like you are climbing up the ladder.
if you contribute $1000 they are going to contribute $250. Another $1000 then they contribute another $250. Once the total of those $250's equals whatever 6% of your annual salary is they stop putting in $250. Thats how i understand it but i also have never had one so i dont really know.
yes, this is also a factor old role is "Analyst." I'm an expert in a system nobody gives a shit about (until it stops working). New role is "Senior Programmer Analyst." I would have greater visibility to the people who make decisions. Might actually have a shot at management. Also the new role would, over the long run, teach me how to be a project manager. This eventually should put my compensation at around $100k. In my current role (with a pension) there's no hope I would ever make $100k.
My advice if you're just at the analyst level is to not make job decisions based on money. Figure out which one gets you closer to something you want to do long term.
First, for clarification, the $18,000 contribution limit only pertains to your contributions. The employer match is in addition to that. I still read it the same way, that they match 0.25% for each 1% you contribute and stop matching when your contribution hits 6% (1.5% for them). Everywhere I've had a 401k (3 companies now) has quoted it (although more clearly) as what percentage the employee has to contribute to get the max. You should ask for clarification. Either way, 25 cents on the dollar is a stingy match...1.5% from them is a small contribution and while 6% would be very generous it is ridiculous to ask people to put 24% of their comp in to the 401k to max the employer contribution. Dollar for dollar up to 3%-4% or 50 cents on the dollar to 6%-8% seem to be much more common and either of those are 3%-4% from the employer.
The Feds give 5% match across the board, which I think is the standard "good" now. Some agencies, like the SEC, give 8% match.
really kicking myself for not buying Synageva a few years ago when I saw that they were expanding locally... It was around $8/share then.
I bought AXP at $77 and it's already up to $80. Wish I had more money in my robinhood account than I did at the time. Knew it was going to rebound well.
Yes. The pension is 1% of your high 3 average salary per year working. So if your high three average is 150k and you work 20 years, you get 30k/year. I don't know much about pensions but anything is better than most people get these days.
For you high rollers in this thread (I'm not in the club), how do you handle investing outside of IRAs and 401Ks; outside of retirement accounts I mean? I feel optimistic that my retirement is going to be fully funded with my accounts, so now I'm looking at investing the "extra" money. I'm specifically looking to NOT put it into retirement accounts. It's post-tax money that I want to be able to access if I need it with no penalty. Would this just be a standard online brokerage? Are there any better accounts or ways to go about doing this? The main goal would be to save enough that I could eventually retire early and live off that until I can withdraw the retirement accounts without fee. Or if I really like my job at that point just let it ride until retirement.
Yes. I refer to it as our "taxable account." We also have some money in a savings account just for liquidity if we make a large purchase, donation, etc that goes beyond normal monthly income.