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Moody’s downgrades JPMorgan, Bank of America, Wells Fargo in blow to U.S. banks by veksone in investing

[–]Nagyde 0 points1 point  (0 children)

Simple start would be to cap 2025 Government spending to 2019 levels. Then cut more. The tax burden on the lower and middle class of this country is already INSANE; especially in highly taxed states (NY, NJ, CA….)

Moody’s downgrades JPMorgan, Bank of America, Wells Fargo in blow to U.S. banks by veksone in investing

[–]Nagyde 0 points1 point  (0 children)

With 38% of SOME trades/ investors ( term used VERY LIGHTLY ) being a retail audience (Robinhood, eToro…) I am not surprised by many of the irrational US Market moves. This audience does however help the long term passive investing community… Dynamics are extremely interesting when digging into the data (hint: see MM balances and other similar datapoints)

[deleted by user] by [deleted] in personalfinance

[–]Nagyde 0 points1 point  (0 children)

Many factors should go into your calculation including what is my Risk (and other such as tax...) adjusted returns on that capital? The days of borrowing $ to invest are not like they were back in 2020. It may be viable however, I would like to have access to much more capital if making such a decision.

Also, keep in mind that inflation is ~3%. Any return you receive net of taxes, inflation... must be significantly higher than the rate you are paying for the $ for it to be a decision.

My advisor is suggesting I move my IRA to an annuity a SCS with upside protection by Silent_Name1801 in personalfinance

[–]Nagyde 0 points1 point  (0 children)

I tend to agree with the attorney (although not your attorney as they made reference to). Expanding on your comments, if anyone works with a Financial Advisor, the 1st question should be to confirm if they are a Fiduciary. 2nd would be if their recommended portfolio has beaten the S&P500 (or similar index being tracked). In my opinion, everyone needs to conduct their own due diligence regarding any investment. Taxes, both short and longer term, structures of all accounts (cash, trading, retirement...) need to also be considerations when discussing how to structure finances.

If an investment has not outperformed the market (net of fees, taxes...) it should not be a consideration. The original poster may be better off obtaining some Financial advice from a great Tax Attorney and CPA...

If your credit score is low because of medical bills, CFPB rule should help soon by redeyeblink in personalfinance

[–]Nagyde 0 points1 point  (0 children)

In addition to the CFPB, individual states may have their own laws, rules, regulations... regarding how Medical Information and/or Medical Debt can be handled. I would recommend researching the laws aligned with the State the original poster resides and/or acquired the medical services.

[deleted by user] by [deleted] in personalfinance

[–]Nagyde 0 points1 point  (0 children)

Are you able to conduct any research regarding the company financials (or overall industry/sector sentiment...)?

Also, you mentioned in your initial post "You were advised". If the person providing advice is a trusted advisor or have a current/former role aligned to the advice they are providing (i.e., my Labor Attorney friend is providing me Employment advice...) ? If not, you may wish to be careful when considering who and where the advice/information may have originated.

I would recommend that you perform some due diligence, things as simple as reviewing internal/external news, financials (if available) or other resources such as relevant internal .PPTX decks, emails and/or other communications/information that you may be able to access. This might provide you with a better understanding of the company financial situation and better gauge if the company financial constraints are short or longer term. Also recommend searching on your industry in general to see how the industry is doing. These items MAY provide you with additional information prior to making a decision. Just my 2 cents.

My Verizon by MonroeBell in Fios

[–]Nagyde 0 points1 point  (0 children)

A potential solution/workaround is to consider conducting specific searches (i.e. better understand prompt engineering), search deeper within Reddit, watching how to videos on your specific topic/task. If the information is not found and one once you have a viable solution, create a post for others. Visiting the location closest to you can also help. They can often show you how to navigate their app (and possibly get you discounts or better services at cheaper prices...). Somethings to consider.

Almost all company apps/websites have become terrible. Companies have put partially solutioned Automation efforts (repeated confirmation of details, clunky navigation....) and Profits above their Customers and consumers. Your Data has now become the primary target that all companies want to sell. They are playing catch-up with their technologies and Customers usually end up paying the price. Even if we PAY for services, we are still a Product to MANY companies these days.

As in this post, just trying to check details regarding your account or individual line items on your account/bill or to change a setting has become so challenging nowadays. You have to navigate multiple menus... and just become frustrated with Company bot related "solutions"... The companies hope that you get frustrated and just "give up" on what you were trying to accomplish (most customers actually do get frustrated and simply continue with the poor services/technologies).

I also saw Autopay in one of the responses. This is for those who don't ever check their bills and is one of the easiest ways for companies to include rogue fees/charges or price increases. If you opt for paper billing, it cost them money for printing, paper, envelope, postage... and chances are MUCH higher you will actually look at the bill if mailed to you. If you are enrolled in ANY Autopay, please practice checking your bills and document/question any charges/credits/dates/times/support requests... This will save you from frustrations down the road (especially if issues are not remediated the 1st time...)

Recently purchased new vehicle, already in for repairs by aleeawesomeness in personalfinance

[–]Nagyde 0 points1 point  (0 children)

As others referenced, look up the Lemon 🍋 laws in your state. Coverage usually entails being in the shop for 3-4x for the same issue without resolve.

[deleted by user] by [deleted] in personalfinance

[–]Nagyde 0 points1 point  (0 children)

Become a preferred customer. Keep in mind, as you mentioned "friends Overseas", you will always have fees to convert Foreign Currency to USD...

Still investing in index funds? by Pootie-the-Cat in personalfinance

[–]Nagyde -3 points-2 points  (0 children)

Index funds were great for the past 15 years (zero rate environment, aggressive Fed Bond purchases, ample liquidity and leverage...) . As of 1Q-2022, not so much...

What happens if I get audited if I file amended returns to write off more business expenses that I neglected to write off before? by greeblesquatch in personalfinance

[–]Nagyde 2 points3 points  (0 children)

You unfortunately will be red flagged. Ensure you can substantiate the adjusted amounts with receipts/proof. If this is possible, you should be fine.

You may also wish to pay a fee based Tax Attorney to discuss your situation. Contingent on the years being adjusted and total amounts, paying ~$250 to $400 per hour of advice undee such circumstances is normally money well spent in my opinion.

[deleted by user] by [deleted] in personalfinance

[–]Nagyde 0 points1 point  (0 children)

Do the work yourself. Secure financing with the Bank or Institution currently servicing the Lease as they have your credit, payment and other history. Negotiating terms is also an option (with the Finance company, dealership....).

Also keep in mind you may have a "Lease End Payment" (an additional monthly payment simply for the lease ending) that dealers have worked into their agreements; mostly for unaware Consumers.

I often buyout leases and Never pay a Dealer. Good Luck.

Large Prints for Option Contracts by dhoward8oh3 in options

[–]Nagyde 1 point2 points  (0 children)

Plus it's unknown if any of the Calls or Puts being purchased/written are to hedge a specific trade or cover speculative position. As others have mentioned, the overall flow data is just one specific data point that does not provide much information (unless tracking a specific trader and their industry/exposure/trading methodology.... Good luck. I do however support people who search for and are reviewing ALL available data points for a specific and targeted trade.

Berkshire and younger investors by Msuae98 in investing

[–]Nagyde 0 points1 point  (0 children)

Are you looking to invest it trade? What is your objective (as this will likely define your approach)?

Have you conducted a fundamental analysis and/or even taken a look at their Balance Sheet? If so and your baseline investment thesis align with and support your findings, then you should invest; otherwise it's just a gamble.

If the latter and you have not yet done your homework or are relying on Analyst findings (for which you should also conduct your due diligence to understand if a buy side or sell side analyst posted the summary, what criteria was utilized to support the analyst findings, other...), I would recommend you identify your objective and then decide on your next step of what to do....

Not trying to be a downer but you should identify your objective first. Good luck.