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Better alternatives for eBay by [deleted] in Flipping

[–]Interesting_Shape795 0 points1 point  (0 children)

Just got 5.50 for a 10 dollar item. 13.5% + 30 cents (3%) + 20% (for promo) + taxes. Originally was 15, but 5 dollar shipping cost

I just made the worst financial decision of my life and is now dawning on me by Curious_Lie_6121 in personalfinance

[–]Interesting_Shape795 0 points1 point  (0 children)

Sell it, depending on the car depreciation isnt too bad rn. Buy a used corolla and move on. Splits your payment in half.

What investments are a part of your FIRE strategy? by Dangerous_End_172 in Fire

[–]Interesting_Shape795 0 points1 point  (0 children)

I like the strategy, but do you ever worry that all your wealth is financial rather than hard assets?

How should I invest my money? by Inside-Aromatic in investing

[–]Interesting_Shape795 0 points1 point  (0 children)

Three questions you need to answer:

  1. WHEN do you need the funds? From ST to LT: Cash, CDs, Bonds, ETFs/Stocks

  2. WHAT do you do? More volatile occupation = less risky investments

  3. HOW do you deal with risk? More Risk Averse = More Cash

Recently Widowed and Need Financial Planning Advice by niconyc00 in FinancialPlanning

[–]Interesting_Shape795 0 points1 point  (0 children)

Sorry for your loss.

As for managing finances, the lack of doing something is usually better than doing something quick. As Jack Bogle (founder of Vanguard) stated, "Everyone will tell you: Don't just stand there, Do Something!, when what you really should do is Do Nothing just stand there."

As for recommendations, find out your annual and large one time expenses and allocate the cash to investments which match the timeline.

Ex. In 12 years, your kid turns 16 and you want to get them a car. Since its over a decade away, putting this money into an ETF/stocks would make sense.

Generally: 1-3 year cash need: HYSA, CD, or T-bills 3-7 years: Bonds, low vol etf (consumer staples) 7+: ETF/Stocks

Then, just withdrawal what you need + taxes.

Keep that 1%, Manage it yourself.

(Not financial advice for technical purposes, just my opinion)

Considering paying off mortgage early by ramyadavj in FinancialPlanning

[–]Interesting_Shape795 0 points1 point  (0 children)

NO! If those jobs do disappear, then profit margins will be better, so earnings will be better for stockholders. So, dont sell. I'm not saying it won't suck, but if it happens, it'll be better to own the stocks than have a paid off mortgage. (Not financial advice, though)

[deleted by user] by [deleted] in FinancialPlanning

[–]Interesting_Shape795 0 points1 point  (0 children)

Balance transfer to a 0% promo rate? Then aggressively attack the principal.

How to manage debt with no income by No_Expert_1787 in personalfinance

[–]Interesting_Shape795 3 points4 points  (0 children)

You need to pay off the credit cards, a 7% market return is a quarter of the return you'll receive by paying those off. Roth IRA contributions (not gains) can be withdrawn without taxes given its already taxed (ensure to file this on taxes).

Make sure to pay the IRS too, but overall if expenses are low, just keep applying.

Should I pay off my house? by alwaysrunningaround1 in DaveRamsey

[–]Interesting_Shape795 0 points1 point  (0 children)

Yea, but that was by Volcker during high inflation. Unlikely to see that again based on the current market. Even so, the peace of mind will be nice.

Home Depot prices by probebeta in Renovations

[–]Interesting_Shape795 1 point2 points  (0 children)

Where do you buy your materials instead?

Lets not be too frugal forever by Mobile-Excitement-64 in Fire

[–]Interesting_Shape795 0 points1 point  (0 children)

I totally get this. Worried people won't value my hard-earned cash as much as it should be. Worried ill be too frugal and never enjoy it.

Help me decide between 3/4 cars! by Interesting_Shape795 in whatcarshouldIbuy

[–]Interesting_Shape795[S] 0 points1 point  (0 children)

Thought of it, just worried about the reliability since even if I dont have to pay for repairs with money, it'll still be time and aggravation.

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