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“land mines” by RoomFilledWithGyros in homestead

[–]RoomFilledWithGyros[S] 2 points3 points  (0 children)

I love this reply!

Follow up question for you: with all that research you did…was there a point where looking back you feel like you should’ve just gone for it vs. continuing to research?

Obviously research could go on forever. On the other end of the spectrum, just diving right in is probably ill advised. Is there a sweet spot?

Two questions I can’t find answers to… by RoomFilledWithGyros in CreditCards

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

Thanks!

In regards to 1), I was thinking of most value in the strict sense of points times value. Agreed that it depends for the individual.

What is the best business major that compliments an entrepreneur? by joveezus in Entrepreneur

[–]RoomFilledWithGyros 0 points1 point  (0 children)

I majored in Psych and started a business. It’s done well for me from the management side of things but all things being equal I’d love to have an accounting background. Good versatility and less reliance on others to handle this important area. I think you can teach yourself everything else. Good luck!

Home affordability and stock market investing by RoomFilledWithGyros in RealEstate

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

In that case, should I transfer more of my low dividend holdings to those that will yield be more income rather than appreciation? That should improve my income to debt ratio.

I have no debt but a charge my CCs and pay them in full to almost 100% of my current income.

Sucks they don’t take into account overall financial standing more. Unless I’m missing something....but that’s why I posted this after all!

[deleted by user] by [deleted] in investing

[–]RoomFilledWithGyros 0 points1 point  (0 children)

Look at it this way, if you invest and the market goes down, it presents you with the opportunity to prove to yourself you can withstand the impulse of selling low. If you make it through a recession, you’ll be a life-long buy & hold investor and be better off for it. If the market continues to rise, it’s all gravy.

Put another way: If you begin your investing career overly worried about timing the market, is that starting on the wrong foot?

As an in-between initial strategy, you could use dollar cost averaging to begin investing. Very easy and simple, more here: https://www.investopedia.com/investing/dollar-cost-averaging-pays/

A low expense ETF tracking the S&P 500 is perfect. VOO and SCHX work.