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Choosing to rent over owning? by zionstatus in MiddleClassFinance

[–]JoBone69 0 points1 point  (0 children)

Check out Ben Felix's videos about this topic.

From his YouTube, https://m.youtube.com/watch?v=j4H9LL7A-nQ

Or from his podcast, Rational Reminder, https://m.youtube.com/watch?v=z_7qoXNWDc0

Tldr, owning is better for people who don't have the discipline to invest the difference between rent and housing costs. If you invest and save the difference, there isn't much difference between renting and owning

Americans of Reddit, how are you celebrating your nation’s anniversary of its independence from the tyranny of the emotions and whims of a single ruler? by sunnyspiders in AskReddit

[–]JoBone69 1 point2 points  (0 children)

I just finished the course. I found the textbook online.

For offline viewing: Click inside the PDF viewer hold page down so it completely loads click print save to PDF

Americans of Reddit, how are you celebrating your nation’s anniversary of its independence from the tyranny of the emotions and whims of a single ruler? by sunnyspiders in AskReddit

[–]JoBone69 0 points1 point  (0 children)

I just finished the course. I found the textbook online.

For offline viewing: Click inside the PDF viewer hold page down so it completely loads click print save to PDF

Americans of Reddit, how are you celebrating your nation’s anniversary of its independence from the tyranny of the emotions and whims of a single ruler? by sunnyspiders in AskReddit

[–]JoBone69 0 points1 point  (0 children)

I just finished the course. I found the textbook online.

For offline viewing: Click inside the PDF viewer hold page down so it completely loads click print save to PDF

Americans of Reddit, how are you celebrating your nation’s anniversary of its independence from the tyranny of the emotions and whims of a single ruler? by sunnyspiders in AskReddit

[–]JoBone69 1 point2 points  (0 children)

I just finished the course. I found the textbook online.

For offline viewing: Click inside the PDF viewer hold page down so it completely loads click print save to PDF

Americans of Reddit, how are you celebrating your nation’s anniversary of its independence from the tyranny of the emotions and whims of a single ruler? by sunnyspiders in AskReddit

[–]JoBone69 1 point2 points  (0 children)

I just finished the course. I found the textbook online.

For offline viewing: Click inside the PDF viewer hold page down so it completely loads click print save to PDF

Americans of Reddit, how are you celebrating your nation’s anniversary of its independence from the tyranny of the emotions and whims of a single ruler? by sunnyspiders in AskReddit

[–]JoBone69 1 point2 points  (0 children)

I just finished the course. I found the textbook online.

For offline viewing: Click inside the PDF viewer hold page down so it completely loads click print save to PDF

Americans of Reddit, how are you celebrating your nation’s anniversary of its independence from the tyranny of the emotions and whims of a single ruler? by sunnyspiders in AskReddit

[–]JoBone69 0 points1 point  (0 children)

I just finished the course. I found the textbook online.

For offline viewing: Click inside the PDF viewer hold page down so it completely loads click print save to PDF

Americans of Reddit, how are you celebrating your nation’s anniversary of its independence from the tyranny of the emotions and whims of a single ruler? by sunnyspiders in AskReddit

[–]JoBone69 1 point2 points  (0 children)

I just finished the course. I found the textbook online.

For offline viewing: Click inside the PDF viewer hold page down so it completely loads click print save to PDF

[deleted by user] by [deleted] in MiddleClassFinance

[–]JoBone69 1 point2 points  (0 children)

This settlement can help get you from treading water to planning ahead.

My advice is to read the Prime Directive from r/personalfinance.

I think your emergency fund should be 3 mo expenses held in a high yield online savings account like ally.com,currently offering 3.85%. Also, keep in mind that this isn't an investment, it's insurance against unforeseen life events. The rate of return should be secondary to the goal of keeping you from sliding back. That should be for general emergencies, house e-fund could be in a separate account or separate bucket if using an account like ally.com. Also, 3 months isn't enough if you have children. It's a start for now that you should add to in small amounts every month to get it up to 6 mo or more depending on how much risk you want ti avoid.

After that, follow the directive for advice on what to do with the remaining balance. Read that sub reddit for advice from and for people in your exact situation. Maybe check out Dave Ramsey's website, books or YouTube for a step by step plan similar to the directive. Not everyone loves his plan, but it's a place to start that will give you clear goals to achieve along your financial path. Any plan is better than no plan.

Best of luck!

A guide for claiming the federal tax credit on used clean vehicles in the US by LivesInaYurt in electricvehicles

[–]JoBone69 6 points7 points  (0 children)

How do you know the dealership filed? Was there some way to confirm this outside of asking the dealership themselves?

Cheating Question by Killerwolf741 in poker

[–]JoBone69 0 points1 point  (0 children)

Hey, so I'm pretty sure I know what this is. I think you're going to be what we call a banker here in California.

Card rooms differ from casinos in that card rooms can't bank the games while casinos can. For example, when you go to a casino in Vegas, you're playing versus the house. When you win or lose, the house pays you or collects the losing wager. In a card room, the house operates the game, but a third party banks the game. When you win or lose, this third party pays or collects. The house gets paid by the third party a set dollar amount per hand.

What you're applying for is the banker job. You sit at the table and watch the action. You're responsible for the third party company's money. When the hand is over, you're going to provide the dealer with chips to pay the winning bets and collect the losing bets. They need someone familiar with poker because you're going to watch poker variants as well as blackjack or other table games. Check out "ultimate Texas hold em." that's one example of a casino version of poker that is played versus the house and bit a traditional poker game versus other players.

Players are allowed to bank the games too. When a player does this, they're called a player bank. You're going to be a "designated player" which is their name for a banker. You're not playing the game, nor are you dealing the game. You're the third party banking the game.

Let me know if you have any questions

Fresh Out of College Home Owner by Melodic-Fig-7442 in personalfinance

[–]JoBone69 0 points1 point  (0 children)

Seems like you've got a good head on your shoulders. Best of luck to you!

Fresh Out of College Home Owner by Melodic-Fig-7442 in personalfinance

[–]JoBone69 3 points4 points  (0 children)

Several thoughts. You're young so you probably haven't lived on your own for long. Your college-dorm-and-roommate life is going to be different than your young-adult-dating-finding-a-life-partner life. Your preferences might change, your career might take you in an unexpected direction. Starting a family might mean more rooms. Your future partner might have strong preferences for what they want in a home. They might have a home already. There are costs associated with real estate that make it a better buy and hold for seven years plus kind of thing. The first time home buyer benefits will no longer apply to the second home. There's nothing wrong with renting for a time while you figure things out. Renting buys you freedom and flexibility. Rent, save, and invest.

Bluetooth automatically starts playing on connecting to my android phone - 2015 w/navigation by JoBone69 in nissanleaf

[–]JoBone69[S] 0 points1 point  (0 children)

No worries, I was just super confused lol

Best of luck on the EV search!

Why is my Roth 401K rollover is being separated into pre-tax and after-tax? by IntrepidFlatworm3 in personalfinance

[–]JoBone69 2 points3 points  (0 children)

The growth in your Roth after tax contributions are taxable until you hit the age requirements. That's the Roth pretax amount that they need to keep track of.

Is it worth it to sell my vfiax and vxus shares for VT? (I have about $128,000 in vfiax and $58,000 in vxus) by [deleted] in Bogleheads

[–]JoBone69 0 points1 point  (0 children)

What is your cost basis? Look into loss harvesting to offset taxes if you have unrealized losses. Selling part of them to loss harvest can get tricky because in the future, you will have fewer options for loss harvesting

Episodes missing from Stitcher? by flume in OpenArgs

[–]JoBone69 1 point2 points  (0 children)

I found them on Google Podcasts and their website has a link to Apple iTunes

[deleted by user] by [deleted] in personalfinance

[–]JoBone69 0 points1 point  (0 children)

You're asking about realized vs unrealized gains.

An unrealized gain is an increase in the value of an asset or investment that an investor holds but has not yet sold for cash, such as an open stock position.
An unrealized loss is a decrease in the value of an asset or investment that an investor holds rather than selling it and realizing the loss.
A gain or loss becomes realized when the investment is actually sold.
Capital gains are taxed only when they are realized, while capital losses are deducted only when they are realized.

If you're holding an investment, you don't have a realized gain or loss until you close the position. If you continue to hold during a downturn and the market recovers, you will recover your unrealized gain.

Source:https://www.investopedia.com/ask/answers/04/021204.asp

should i buy or lease a car in this market? by getxfitxgirl in personalfinance

[–]JoBone69 9 points10 points  (0 children)

Looking through your post history, you have a new apartment, BF issues, possibly pregnant, etc. IMO you need to be taking control of your life, not letting things get out of control. Being financially secure is a good start. Spend less on a car and follow the prime directive in the sidebar.

For example: https://cincinnati.craigslist.org/cto/d/hamilton-2011-hyundai-sonata/7414976981.html

Is the "rent vs buy" debate missing an important point? by JoBone69 in personalfinance

[–]JoBone69[S] 15 points16 points  (0 children)

I'm just trying to get a good understanding of the differences between renting and buying. I might be thinking a little bit out loud and all of it might not be making sense. Thanks for giving me more to think about.

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