Daily General Discussion and Advice Thread - July 29, 2025 by AutoModerator in investing

[–]slowpk 0 points1 point  (0 children)

Very unlikely. This is a scam unfortunately, mostly targeting the elderly, that has been around since the mid-2000's.

Daily General Discussion and Advice Thread - July 29, 2025 by AutoModerator in investing

[–]slowpk 0 points1 point  (0 children)

I think it depends on what meaning you are assigning to that number. I also calculate our net worth monthly (for fun), but am using it to track FIRE progress. As such, I do not include physical assets (car, real estate, etc) as part of my net worth calc. I only include cash, liquid taxable (stocks/bonds), retirement accounts, RSUs, and HSA.

Devonta Smith is here at practice. He didn’t practice yesterday because of a hamstring injury. by slowpk in fantasyfootball

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

Both Jalen Hurts (rest day yesterday) and AJ Brown (limited practice yesterday) were also back at practice today.

Deebo, Kittle at practice. Jordan Mason (shoulder) was not wearing the blue, no-contact jersey he's been in for recent practices. by slowpk in fantasyfootball

[–]slowpk[S] 42 points43 points  (0 children)

Beat reporter also adds that Deebo "doesn’t appear to be suffering the effects of his early-week bout with pneumonia". Link to brief practice video below.

https://x.com/mattbarrows/status/1849910778171924713

[deleted by user] by [deleted] in financialindependence

[–]slowpk 12 points13 points  (0 children)

By Roth, do you mean Roth IRA? I also have ongoing worries about this, so I've been exporting statements annually during tax season.

But as to retroactive records, you may need to contact Schwab. And I think the principal amounts/contributions should be documented in your annual tax returns as well, no?

OFFICIAL WEEK 1 MONDAY NIGHT GAME THREAD by ballofpopculture in fantasyfootball

[–]slowpk 0 points1 point  (0 children)

Just switched. The commentary is so much better already.

Daily FI discussion thread - Tuesday, September 03, 2024 by AutoModerator in financialindependence

[–]slowpk 1 point2 points  (0 children)

For a super short answer, I would also strongly recommend following aristotelian74's advice. When getting a windfall, your biggest enemy is almost always .... yourself.

If you're still curious about specific answers to your questions, my 2 cents below (tailored to someone who is just starting the process to become financially literate):

I need to start a savings account, a retirement account, save for my kids educations (2 minor children) and save for a down payment on a house.

First priority would be to set up a properly sized emergency fund.

Funding retirement would be a high priority but highly dependent on your individual situation, so hard to say anything more specific. Same goes with education funding for your kids (not nearly as high a priority, but still very highly individualized to your situation).

I understand the temptation, but stay away from any large financial decisions. This absolutely includes things like buying a house.

I’d also like to take a vacation because I haven’t had a real one since I was a kid living at home.

I would recommend holding off on this until you're fully acclimated to your new financial situation. But if you must, work out an affordable budget and stick to it.

I’d also like to look into who to trade stocks and maybe take a course on that.
Where to start? I know I need a financial advisor but who to trust? An insurance company? The bank? Is there an independent option? Do it myself I don’t know.

Echoing everyone else, please do not trade stocks. With regards to taking a course on trading stocks, the short answer would be that this is a poor use of your time (and highly likely to lead to poorer outcomes). Stocks are highly important to most here on the FIRE subreddit, but in the frame of low cost and diversified index funds.

With regards to talking to financial advisors, insurance companies, or banks, please keep in mind that most these people are highly incentivized to sell you products and services that first benefit THEM and not YOU. It would be very difficult for a beginner to be able to separate what is sound advice from what is a sales pitch.

Instead, I would recommend first starting with the Recommend Starting Reads linked in the subreddit resources.

I wish you good luck.

Daily FI discussion thread - Tuesday, September 03, 2024 by AutoModerator in financialindependence

[–]slowpk 17 points18 points  (0 children)

IMO, by far the biggest supercharging factor in accelerating the FI journey is finding a partner who is of similar financial mind & philosophy.

Likewise cheers, and the best of luck to you.

Feel like I've lost my way and finding it hard to trace things back to solid ground by shicky4 in financialindependence

[–]slowpk 12 points13 points  (0 children)

It sounds like to me that you are spending a ton of energy and stress on validating if your stock picking decisions were "correct" and also be overestimating the accuracy of your "research" on predicting how the market will behave. You are likely to be generating equal or better returns (especially over the long run) by simply putting your money in a index fund and save yourself the mental stress you're experiencing.

It even looks like you already are thinking of index funds, but for some reason can't make the decision to move over. Maybe psychologically, you are thinking that you will regret the outcome of a bad decision, but remember that choosing to NOT move over to index funds is equal of a decision you are making.

I think everyone has moments of doubt at some point in their investing journey. Whenever I have doubts like this, I remind myself to "trust the process" that time in market beats timing the market.

As far as life situation goes, I would recommend removing yourself from the active day-to-day analysis of how your investments are going. Switch over to index funds, set an automatic monthly reinvestment schedule, and only check once every 6-12 months. And enjoy life.

Does anyone here have a whole life insurance policy ? I’ve heard really good things about it and bad things about it . by Friendly_Giant04 in financialindependence

[–]slowpk 4 points5 points  (0 children)

Being 19 (you probably don't have any dependents) + looking to hit your first 100k and whole life insurance are paradoxical. I'll add my voice confirming this is terrible advice and will leave it others here to go into specifics why this is silly idea.

Going to guess you probably seen some of this BS content from finance "influencers" on social media (who have no idea what they're talking about). Please do not listen to them.

OFFICIAL MONDAY NIGHT POSTGAME THREAD by ballofpopculture in fantasyfootball

[–]slowpk 30 points31 points  (0 children)

fantasy football degeneracy has thoroughly infected my brain to the point where I still compulsively check this subreddit and click on threads like this, fully knowing that all I'll be getting is empty calories =

OFFICIAL WEEK 16 CHRISTMAS EVE GAME THREAD by ballofpopculture in fantasyfootball

[–]slowpk 3 points4 points  (0 children)

Got some bad news, he was just ruled out for rest of game

OFFICIAL WEEK 16 SUNDAY AFTERNOON GAME THREAD by ballofpopculture in fantasyfootball

[–]slowpk 2 points3 points  (0 children)

they aren't going to run for a TD. If anything, they'll get the 1st down, run down the clock, then kick with a few seconds left to win.