Ive seen a couple things where you had to be an accredited investor. I think the 2 basic requirements were that you had to 1) made more than $300k for the previous two years or 2) you must have over $1 million in investable (sp?) assets. It is different from the institutional stuff y'all were talking about above.
I think that is primarily to invest in hedge funds (or those exempt from the Securities Act of 1933).
does this go over absolute basics, the word "advanced" in the title has me somewhat concerned it will start over my head
no worries, just remembered the name of the book you need for that too http://th.physik.uni-frankfurt.de/~...tures and Other Derivatives 7th John Hull.pdf
If I recall correctly it does cover basic strategies pretty well. Im sure it covers some advanced stuff in the later chapters but I think it is what you are looking for. The guy that wrote it was actually hired by one of the bigger trading firms "Chicago Trading Company" or CTC to teach all of their new hires. I dont think it will be too far over your head. Another great place to find basic option knowledge is on the CBOE website and the best part is that its totally free. http://www.cboe.com/LearnCenter/Tutorials.aspx#basics http://www.cboe.org
And PE, VC, and pre-IPO shares. Gov't trying to keep the po' man down (except for VC; they're doing them a favor there).
Maxed out my SEP for 2014, but the way things are going this year I don't think I'll be able to in 2015
I have some money I want to stash away for a down payment on a house. I don't need to buy a house anytime soon (single and no engagement on the horizon), but am looking in the 2-4 year range for buying a house. Right now I have a chunk just sitting in a savings account doing nothing for me. I also have about 40k in student debt, but I make good, steady money and will have that paid off in August of next year on my current schedule (I pay about 5x my monthly payment per month). I've also refi'd that loan to a 3.8% interest rate from the original 6.8%. Do I: 1. Put the money in a mutual fund/index. Right now, after doing some research, I'm leaning VBIAX 2. Dump all the money into my loans and pay them off a couple months sooner 3. Let it sit in my checking account I'm basically considering the above in that order, and after doing some research today, strongly leaning to #1. Can anyone recommend another fund similar to VBIAX, or does that look okay for my goals?
Any thoughts on the ETSY IPO tomorrow? My wife is a seller so I was able to get shares early. I don't feel strongly either way about the long-term prospects of the company, but its not every day I get to participate in an IPO, and even the maximum I was allowed to buy was a relatively small position for me. Looking forward to tomorrow. Side note: reading the Etsy seller forums is the funniest damn thing I've ever seen. A bunch of bored housewives asking if Obama will be able to shut down their shop once it becomes a public company.
No doubt. And my new fave ORIG hiked up 10% today. Wall Street really liked today's inventory numbers. Hard to say if this is the hike upwards or just a head fake. Hopefully I didn't miss the boat.
If you have good job security, I wouldn't worry about paying the loan off any quicker than I had to. I would probably pay the minimum on the loan and dump the money that's currently sitting in your savings into a no-load mutual fund. Don't do choice #3, though.
Looking for some advice here So, I'm about to graduate from college. My grandparents passed away about 5 years ago. In their will, my grandparents along with my parents, decided to just skip my parents on the inheritance, as my parents don't need the money and there's no reason to have it taxed twice. This left me with a pretty substantial amount of money to invest at a young age. I talked to a few brokers and eventually went with a guy I liked, and have been a client since. My broker has underperformed the market for a while now, and at this point I'm wondering what I'm paying him for. I'm a finance major, so I have a much better idea of what I'm doing in investing than I did when I was much younger. I'm thinking about pulling the money and starting off on my own. Any help on how I should go about this? Things to be aware of?
Also, thoughts on index funds in general? They've killed the past few years, but I'm a tad worried this economic uptick we've been on for a few years now is about due for a slide.
Do both. put money in robin hood and see how you do versus putting your money in a robo-invester like betterment, wealthfront or tradeking advisors. no point in paying a financial advisor these days with higher rates.
Thanks, I have pretty solid job security but it's a high-demand job, so I'm trying to offload the debt as quickly as I can so I don't feel "golden handcuffed." Pay is nice in my current job but crazy hours/unpredictability so I'm probably look to take a paycut and move to a more 9-5 type role in 2-4 years.
Anybody in this thread trade biotech at all? Haven't read through the pages, but I work in the field and like trading in the area.
I got the max they would let ETSY sellers buy, which isn't a ton, but making almost 3 grand before lunch is cool with me any day of the week.
Thoughts on AXP at the moment? At a 52 week low. I know they took a hit losing Costco but American Express seems like a solid company that can overcome that.
Oil stocks with a good week. Anybody looked at PBR? Co-worker mentioned it to me the other day and I just started digging into it.
Technically, this is the investing thread but I figure it's a good place for any finance discussions. For those of you that are home owners, what percent of your take home pay goes towards total of mortgage, property tax, PMI, insurance and any other expenses for owning a house aside from utilities? I've checked the mortgage calculators and all that crap, but they always seem excessive, I'm wondering what other people do? 25% of take home pay? 35%? Separate question, I'm considering buying a very cheap house a friend lives in (like $50k) letting that friend rent it from me. Any tips or things I should know for buying my first piece of investment real estate?
Those calculators, even Dave Ramsey's, never made sense to me. Our Mortgage, tax & insurance is just under 15% of our take home. And that's on a 15 year note. But I live in Texas, not in California.
To your first part im not on a salary and income varies so there is no set percentage. I would say a lot depends on 1) your job security and 2) what you are comfortable with. To the investment property, i think it has a great place in your overall portfolio. Just look at is as part of your real estate allocation. If it takes up too big a portion of your total portfolio / net worth then you probably arent ready for it yet.
Which part of the field do you work in? Im invested in an immuno-sequencing company. Dont trade it too much though.
I see stuff all the time talking about 25 to 35 percent of your GROSS pay, which just seems ridiculous unless you live in a place with sky high housing costs. And how many people think in terms of gross pay anyways when budgeting? Assume you make 10k gross per month, they're saying you should buy a house with a $2,500-$3,500 monthly mortgage? After all taxes and deductions, you'd be fairly house poor on that, right?
Personally I would not pay an adviser right now. I would go with Wealthfront.com that charges .25% adviser fee and uses current portfolio theory to allocate your investments. If you are investing for the long term i think that is your safest and best bet right now. There are reasons for a broker to under perform, but only if you have given specific instruction as to why you want less risk. Assuming 1) you are pretty young and 2) you are investing for the long term, its pretty tough to justify paying an adviser these days.
That makes sense, but do you mean the total value of the property? I mean on a $50k house, you could put down $10k and finance the rest and the mortgage would be less than a car payment. I ask because I'm still in my 20s, and while my 401K is closing in on a year's salary, investments outside the 401k are only about $10k. My line of thinking was, the earlier I buy, the earlier I can pay it off in full and just have the passive cash flow coming in. Early retirement is the ultimate goal so I'm trying to build assets with passive cash flows
Commercial loans are going to be a higher interest rate and probably a balloon payment type mortgage.
It's not for me to live in. It's like a 1,000 sq ft house with basic everything. The type of house you rent with 2 roommates in college for a total of like $500 a month. I don't know that I'll buy that or even one in that price range. Just interested in buying an investment property (not REITs)
28% of net pay here. Paid up for a potential "forever" home. It was undervalued and, of course, these debt markets are temporary. Rental market has gotten out of hand in my city, as well.
None of these are actual numbers, just things I threw out... but what do you mean? You mean to say if you mortgaged $40k and charged $500 a month in rent you'd be losing money?
If it's a rental property you can't get a conventional mortgage. It would need to be commercial and yes he is saying that you would be losing money.
What happens to your mortgage if you were to buy a home for yourself but a year or two later decide to rent it?
I honestly didn't know that. What type of mortgage would you have to get? Obviously, I'd prefer to make money, but I was more just thinking that I could break even and use the money to pay off the mortgage until it was paid for, then it's essentially free. I know that's a gross oversimplification but you get the idea. Even if you have a net negative cash flow, as long as that is less than the amount of equity you increased by in that year then could it still make sense? Say you work it out where you make exactly $0, but each year you're gaining $5k more towards the equity right? wouldn't be a bad return if you could manage that with $10k down. For those that have done it, what's a good idea for a first investment property? A house? A condo? Apartment? Beach place?
I just looked into buying a rental property and I was going to have to finance like $40k. With taxes I think it came out to more than 700 a month. I have like a 798 credit score and the best rate I could get was 5% and it was a balloon payment mortgage. Your taxes are also a lot higher because you don't get any of the homeowner rebates.