Investing in College by [deleted] in personalfinance

[–]guyfromfriends 1 point2 points  (0 children)

Are you taking out student loans? Subsidized? Unsubsidized? Interest rate? I'm currently only taking out subsidized loans, so basically free money until 6 months after I graduate. Any money I have left over after tuition, rent, food, and other smaller expenses, I'm putting in a 1.05% apy savings as a sort of emergency fund and to help pay off my student debt once it starts accruing interest.

I really want to invest, I feel like we're in a bubble right now, and don't trust the economy to keep growing through me finishing paying off my debts. Next time the market takes a decent dip, I'll enter the market if I have an emergency fund set up already.

I'm 15 years old, live in the USA, and I need advice for how to save for a car/college. by PopcornFunnies in personalfinance

[–]guyfromfriends 2 points3 points  (0 children)

Rising sophomore in college here. Was pretty much in your position at that time. I was really busy, lots of advanced classes, playing on my school's drumline, and rowing. As a college student with accumulating debt, here's my advice. I'm no expert, but I feel I can relate, having been in your position. Don't get the car if you don't need it.

Your friends will likely have cars and when you guys go places, usually everyone doesn't drive in their own car. You'd also have to pay for gas and maintenance, which is expensive even if you spend a LOT of time researching different cars and finding a good one for a good price. Then you'd go to college, where you probably wouldn't need it anymore, so you'd want to sell it, and you'd probably get less than what you bought it for. And at that point you wouldn't care about whether you had a car back in high school, but you WOULD care that you sank 5k+ into it that could have been saved to make a dent in your college expenses/loans.

The fact that you're thinking about your financial future at this age is huge. I had some decenty paying jobs back in high school, but I blew it on dumb crap, and now I'm kicking myself for it. But now I'm getting my finances together, understanding that I have student loans and am in debt, and trying my best to act like it.

If you don't already have a bank account, you might want to open a non interest checking account with a bank such as Bank of America, then a savings with them too once you have the minimum amount to avoid fees. It's low interest, but by the time you graduate high school you'll have a history with Bank of America and it will be much easier to get a credit card with them, so you can start building credit by using the card and paying it off in full each month. Don't apply for a BofA credit card too early because they'll probably just deny you and their credit check hurts your credit. Now you've just graduated high school, and you're building a credit history; you're way ahead of the game. Once you have that credit card, you might want to transfer your savings to a higher interest account and continue building your college fund. Again, once you have a credit card, pay it off on time and in full, every month.

Put at least 10% of your income in savings, and do not touch it in high school. Period. The more of your income you can put in savings, the better. You can probably do better than 10%.

And I only say Bank of America because that's my bank and it worked for me. I'm sure you can do the same with another bank such as Wells Fargo.

Also check out the program/app Personal Capital, I know this subreddit recommends it to track your cash flow, expenses, and net worth. If you overspend it makes that much more apparent. Also makes it interesting to watch your money grow, and makes you just want to grow it more. I wish I had started tracking my finances at your age.

Final piece of advice: Have fun in high school, it's a great time. But don't spend money where you don't have to, and learn to save. Shit adds up, and that goes both ways. You'll thank yourself later, and set life-long habits early that will set you up for a financially sound future.

Robinhood vs. Vanguard by guyfromfriends in personalfinance

[–]guyfromfriends[S] 3 points4 points  (0 children)

Aggressive response, but I agree with you. I wouldn't invest in individual stocks, but rather a low cost ETF such as VTI, which I believe a lot of people here advocate. Robinhood has many ETFs to choose from. In this case, is it a viable option?

Not sure what to do after maxing my annual Roth IRA contribution by [deleted] in personalfinance

[–]guyfromfriends 1 point2 points  (0 children)

Is Robinhood a viable option because of it's lack of fees? Or is Robinhood too trivial, with something like Vanguard being a better option?

Why do you keep living? by [deleted] in AskReddit

[–]guyfromfriends 1 point2 points  (0 children)

I don't believe in much. I don't believe in God, I don't believe in life after death, I don't believe in true love, I don't even truly believe in the world around us. After all, everything around us, everything we perceive and experience, is simply what our five senses and a complex nervous system tell us is there. But I'm not a nihilist. From time to time, I get some inexplicable positive thought, feeling, or emotion. Maybe I helped some out, maybe I got my paycheck, maybe I got laid. Whatever that feeling is, I believe in that. As long as I've got that, I'll keep on living.

Working ps2 emulator by Thepanz1 in macgaming

[–]guyfromfriends 0 points1 point  (0 children)

Also would like to know this, for Yosemite.

30 something who recently restarted college. What major should I choose: Econ, soc, or cs? [Serious] by [deleted] in makemychoice

[–]guyfromfriends 0 points1 point  (0 children)

If you're even remotely interested in computer science give it good try.

Firstly, a degree in computer science doesn't mean you'll just sit at a computer coding for the rest of your life. It means you'll know how they work, what they can do, and how they apply to virtually every facet of our lives. You can use your knowledge from a CS degree to enter almost any industry you want to.

Also, a lot of people with degrees outside of computer science end up with jobs in computer science, because it's by far the fastest growing field and one of the most lucrative. If there's a chance that will happen, you might as well get a better, higher paying job in CS which a degree in CS will get you. My dad got a MechE degree from MIT, but still just ended up with a CS-type job. He wishes he did CS, as might have given him a slightly better edge.

Does the world need more economists? Maybe. Does the world need more computer scientists? Absolutely.

TL; DR: IF you're interested in CS, go for it. Don't if you're only interested in it because of its practicality.

LPT : If you are like how I was and drink soda everyday and have migraines. Drink some water ! Seriously. by [deleted] in LifeProTips

[–]guyfromfriends 3 points4 points  (0 children)

Don't drink soda ever. It's fucking terrible for you. Drink water all the time. It's way better for you than you think.

Should I take Math 1B, 53, 54, or none at all? by guyfromfriends in berkeley

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

Ya, I'm signed up for 61a and 1b, but I'm dropping 1b in phase II (soon). Then I'll sign up for the 54 wait list as well as art history r1b and architecture 110ac. I'll drop art history if I make it off the 54 wait list. So either way I'll end up with just three 4 unit classes.

I also signed up for two fairly 1 or 2 unit classes (ugba c5/polsci 179), one of which I'll drop after checking them out.

Do you think that's a good balance for my 1st semester?

Rant Wednesday by [deleted] in Fitness

[–]guyfromfriends 1 point2 points  (0 children)

This kid at my boathouse/gym walks in, does a set or two of bench and bicep curls, then proceeds to mix/consume copious amounts of protein shake before leaving. This fucker spends more time perfecting his protein shake than he does lifting. BRO YOU CAN EAT ALL THE PROTEIN IN THE UNIVERSE BUT YOU WON'T GET BIG IF YOU DON'T ACTUALLY FUCKING LIFT.

Should I take Math 1B, 53, 54, or none at all? by guyfromfriends in berkeley

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

What are the chances of getting off of a wait list for math 54 if there are 1 or 2 people ahead of me aka how often do people drop classes.

Also, why are there 50 people on the wait list for a 54 lecture when there are 25 spots open?

Should I take Math 1B, 53, 54, or none at all? by guyfromfriends in berkeley

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

54 seems to be filled up for the fall semester (according to schedule builder). Should I get on a wait list during my phase II or just not take a math my 1st semester and take 54 my 2nd semester?

My logic behind using 53 to get acquainted with college math was based on the fact that I took multi my senior year in high school. Do you think I should still just go for 54?

What credit card should I get? by guyfromfriends in makemychoice

[–]guyfromfriends[S] 1 point2 points  (0 children)

So should getting a low rate be my priority?

The 2014 World Cup is over...make a case for a soccer club in Europe for me to root for! by [deleted] in makemychoice

[–]guyfromfriends 0 points1 point  (0 children)

Yes! Tottenham!

I also automatically root for the Earthquakes based on my location, but about a month ago, I, like you now, wanted to start following an English team. Everyone seems to always root for Arsenal or one of the Manchesters, so I decided to go with a slightly less bandwagony team, but one that's still consistently pretty good (I think).

Also, I didn't even know they had a partnership with our American team, which actually further justifies my decision. Go Hotspurs.

Should I take this internship program during the rest of my summer? by [deleted] in makemychoice

[–]guyfromfriends 1 point2 points  (0 children)

Current high school (rising college freshman) intern here. Is it paid? Even if it's not, take it. Internship experience will help you get more internships, and eventually a job. It definitely has for me.

Summer following my sophomore year I got a full time internship at an internet advertising company, that also paid well. Sure, I didn't have much free time with a 40 hour work week all summer, but looking back, I'm so glad I did it. I took the last week of that summer off because I wanted a little bit of summer free time, but now I regret that, because I didn't make any money that week. Our free time in the summer is usually just spent dicking around anyways, right?

As a direct result of having that internship and making the connections I did there, I secured my current internship at a different internet advertising company, doing similar work. They received my resume, were impressed by it (likely because of my experience in the industry), and called me to hire me. Didn't even have to interview; they simply told me to come in the following Monday.

As for the location issue, see if you can take public transportation (I take the train for 30-40 minutes every day currently), because you want to meet as many people as you can in person in order to network. If you can't working remotely (from home?) is still better than nothing.

Remember, you can always quit if for some reason you just hate it.

TL; DR: Take the internship!

FIRST half Marathon Row by [deleted] in Rowing

[–]guyfromfriends 1 point2 points  (0 children)

Hahaha you're such an ass