The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Bros, what are your best INVESTMENT / FINANCE tips
Poast new message in this thread
Date: January 30th, 2014 9:44 PM Author: zippy provocative step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928407) |
Date: January 30th, 2014 9:44 PM Author: Pearl Mind-boggling Resort International Law Enforcement Agency buy low, sell high. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928409) |
|
Date: January 30th, 2014 9:44 PM Author: pontificating weed whacker dysfunction index funds are the only thing ever worth investing in (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928410) |
|
Date: January 30th, 2014 9:45 PM Author: Talented Knife save 30-50% of your gross salary (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928413) |
 |
Date: April 17th, 2014 2:13 AM Author: stimulating hall op is asking - and then what (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25397058) |
|
Date: April 24th, 2014 1:14 AM Author: Adulterous Kitty Cat .......is that even possible? (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25436659) |
|
Date: April 24th, 2014 10:22 AM Author: Adulterous Kitty Cat Seriously, is that possible... (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25437706) |
|
Date: April 24th, 2014 10:29 AM Author: blathering range We do.
Half our income goes into savings.
Of course it helps that we live overseas and benefit from the tax allowance and have housing and schooling provided by the company.....
But even if we lived in the US we'd still be socking away 25%. It's all about discipline and priorities. My parents (professor and housewife) saved between 20 to 25% annually and still put two kids through private schools and colleges. |
|
Date: April 24th, 2014 11:17 AM Author: Adulterous Kitty Cat Oh, yeah that's doable. I'm just living in NYC next year and not sure I can do more than 33%. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25437922) |
|
Date: April 24th, 2014 11:19 AM Author: Know-it-all whorehouse Honestly, if you do this, nothing else matters. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25437926) |
|
Date: January 30th, 2014 9:45 PM Author: Lascivious embarrassed to the bone institution surest return is to lower fees/costs. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928414) |
|
Date: April 24th, 2014 12:40 PM Author: light bawdyhouse boiling water (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25438449) |
|
Date: January 30th, 2014 9:46 PM Author: Anal Site Friendly Grandma no. you. you are the nigger (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928415) |
|
Date: January 30th, 2014 9:52 PM Author: trip blood rage school cafeteria Index funds for 95% of people.
Buy quality at a fair price.
Invest in businesses you understand.
Be long term, don't trade.
Don't borrow money.
Never write a put.
Never buy shares in a Greek or Indian company.
Always go for lower than 1% fees.
|
|
Date: January 30th, 2014 9:55 PM Author: Pearl Mind-boggling Resort International Law Enforcement Agency why never write a put? (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928473) |
|
Date: January 30th, 2014 9:57 PM Author: trip blood rage school cafeteria for most people, if you write a put on a stock and it swings wildly downward, you could face huge losses.
Obviously if you know what you are doing it's a different story but the moral is to never be on the hook for shit - which a put can put you on. |
|
Date: January 30th, 2014 9:58 PM Author: alcoholic translucent internal respiration CR. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928495) |
|
Date: January 30th, 2014 10:16 PM Author: Contagious indigo business firm personal credit line The third is (IMO) one of the most important.
I would also say to shop for the best price or terms. For example, pick the mortgage lender with the best rates and costs. Some places like the bank that you have a checking account with may be willing to shave off a few points if you have a checking account with them.
|
|
Date: January 30th, 2014 10:53 PM Author: underhanded old irish cottage indirect expression "Be long term, don't trade."
This is probably the easiest concept to grasp out of anything and it's the one thing most people don't do. |
|
Date: January 30th, 2014 11:21 PM Author: soul-stirring corn cake A high quality value lean rebalanced quarterly absolutely crushes the S&P 500 over the long term - and stocks held over a long enough horizon definitively go up with non-trivial yield en route.
Basically, I pull between 40-50 non-distressed names from the S&P 500, but if you are really lazy the IVE index is not a bad choice. My narrowing process boils down to a screen on single-stock analyst sentiment. The higher the aggregate buy conviction, the more sentiment will be swimming in your favor even if the story ends up being a touch too bullish. In my opinion, the quality / value tilt approach is the most common one taken by people who actually work in equity / portfolio research on the street and don't trade micro news flow.
Use a reputable discount brokerage (ideally the one affiliated with your bank if you have 100K plus assets) and implement for next to nothing (I get more free trades in a month than any non-day trader would ever use). You should never pay to trade an index fund apart from the management fee, which should be a small fraction of 1%.
Finally, never pay for a financial advisor unless you have serious estate planning needs, are divorced, need to shelter assets from another jurisdiction, etc.
|
|
Date: February 6th, 2014 7:36 PM Author: Swashbuckling church building can you explain what a high quality value lean rebalanced quarterly is? (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24969272) |
|
Date: April 24th, 2014 1:25 AM Author: soul-stirring corn cake You need to consolidate the gains of value companies you have bought and run up to a fuller valuation. You also need to eliminate those that have taken a turn from being merely low multiple to of actual questionable quality as going concerns or are likely to be treating as such by the street. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25436697) |
|
Date: February 6th, 2014 7:48 PM Author: olive nubile foreskin locus (Mortgage originator in the 00's) (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24969307) |
|
Date: February 9th, 2014 1:47 AM Author: Thriller background story tanning salon (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24981968) |
|
Date: April 17th, 2014 2:07 AM Author: Thriller background story tanning salon "Use a reputable discount brokerage (ideally the one affiliated with your bank if you have 100K plus assets) and implement for next to nothing (I get more free trades in a month than any non-day trader would ever use). You should never pay to trade an index fund apart from the management fee, which should be a small fraction of 1%."
Do most banks have an associated stock trading platform?
Where do I go to buy an index fund?
|
|
Date: April 24th, 2014 12:41 AM Author: Thriller background story tanning salon (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25436496) |
|
Date: April 24th, 2014 1:23 AM Author: soul-stirring corn cake Yes, most banks have an associated stock trading platform. Buying an index fund is simple once you have been credentialed. There is not reason to pay some broker some recurring free because they helped you do some account setup and made a trade for you over the phone. Sell directed accounts are pretty facile unless you are totally clueless about how the stock market works (like a bid ask spread or something is or P/E ratios are hard to digest) (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25436692) |
|
Date: April 24th, 2014 10:35 AM Author: fiercely-loyal digit ratio field so the tl;dr version of your advice is go all in on IVE? i believe in value investing but i don't have the discipline to analyze and pick individual stocks. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25437746) |
|
Date: April 24th, 2014 12:46 PM Author: light bawdyhouse boiling water i highly doubt your first sentence unless you define 'high quality' in a circular definition. cites? |
|
Date: April 24th, 2014 12:52 PM Author: rebellious hairraiser azn there are various financial metrics of "quality":
http://turnkeyanalyst.com/2012/08/22/how-to-identify-high-quality-stocks-part-3a-of-4/
http://business.uic.edu/docs/default-source/finance-dept.---papers/the-quality-dimension-of-value-investing.pdf?sfvrsn=2 |
|
Date: January 30th, 2014 10:23 PM Author: drunken puppy Urban real estate is one asset class that outperforms stocks. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928623) |
|
Date: February 3rd, 2014 10:25 AM Author: Cordovan Galvanic Dilemma Striped Hyena THIS is likely the only way a prole can have a leisurely life. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24948582) |
|
Date: April 17th, 2014 2:11 AM Author: Charcoal supple windowlicker do i have to actually go to the hassle of picking out properties, getting financing, fixing up the properties, lining up tenants, dealing with maintenance issues, paying property taxes, etc. or can i just invest in a REIT (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25397054) |
|
Date: April 17th, 2014 2:14 AM Author: trip blood rage school cafeteria You have to go through the hassle but the rewards are very significant, as it is one of the only places where you can feel pretty good about using leverage (IMO). The amount of trouble it takes is worth it in this low interest rate environment. If by some miracle interest rates on mortgage dive another 500 basis points it will be a once in a multi-decade opportunity to buy cash flowing pieces of real estate. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25397061) |
|
Date: April 17th, 2014 2:16 AM Author: Charcoal supple windowlicker if im not in a position to obtain financing for another 2-3 years am i going to miss the boat (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25397064) |
|
Date: April 17th, 2014 2:18 AM Author: trip blood rage school cafeteria it is a mystery friend
depends on where the interest rates are
|
|
Date: May 2nd, 2014 7:53 PM Author: Alcoholic Cruise Ship Yup. The market hasn't realized this and made solid income producing properties outrageously expensive at all. Every major city has class a and b money chasing c product. It's not a great environment for most to get in the real estate game. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25492677) |
|
Date: April 17th, 2014 2:23 AM Author: stimulating hall lulz
you left out the time span and the lacale(s) |
|
Date: January 30th, 2014 10:45 PM Author: Sickened church shitlib If you are going to buy and hold then do it with futures rather than some index fund that makes 1/8 of the returns (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928745) |
|
Date: January 30th, 2014 10:46 PM Author: drunken puppy So you're telling me I could have 50% returns on a buy and hold asset? (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928761) |
|
Date: January 30th, 2014 10:52 PM Author: underhanded old irish cottage indirect expression Invest, don't trade. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24928801) |
|
Date: February 3rd, 2014 4:46 AM Author: Infuriating Travel Guidebook Fortuitous Meteor long/short (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#24948131) |
|
Date: April 17th, 2014 2:14 AM Author: wonderful parlor Don't take specific investment tips (e.g., go long on "x"; short "y") from anonymous people on the internet. Observe the thread I will bump. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25397059) |
|
Date: April 17th, 2014 2:16 AM Author: twinkling autistic stage crotch don't let a goy manage your money. (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25397065) |
|
Date: April 24th, 2014 12:46 AM Author: razzle drab home haunted graveyard Don't try to beat the market. Those people like Buffett and Soros invest as a full time job... Their success has NOTHING to do with what an average person should do. Your full time job is (insert your job here); always see your investments as just a way to add a little bit extra to your savings. Stick to index funds and safe bonds (you can be more ambitious than treasury bonds though). (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25436533) |
|
Date: April 24th, 2014 12:50 AM Author: Sexy splenetic fat ankles Do these prop trading firms have legit strategies, or all they all full of shit? If so, are they strategies I can use, or does it require sitting at my computer monitoring shit all day? (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25436553) |
|
Date: April 24th, 2014 11:40 AM Author: chest-beating carnelian casino potus you can't play that game (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25438050) |
|
Date: April 24th, 2014 1:08 AM Author: cream razzle-dazzle box office ratface Buy 10 AZNgirls for $10,000, sell them to KIKES for $100,000. PROFIT (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25436634) |
|
Date: April 24th, 2014 9:43 AM Author: Indecent pervert lettuce buy appl (http://www.autoadmit.com/thread.php?thread_id=2482118&forum_id=2#25437515) |
|
Date: April 24th, 2014 1:05 PM Author: Concupiscible Temple Brethren restaurants nightclubs horses
ywia |
|
Date: April 24th, 2014 1:20 PM Author: chest-beating carnelian casino potus -passive index funds, be sure to check expense ratios. should be very low on index funds. -don't panic out of the market on corrections unless you need the cash right now. -max any tax advantaged accounts you're eligible for. -save a significant portion of your income. -if your compensation is variable, live off your base salary and keep recurring expenses in check relative to it. use bonuses to save, invest, or pay down debt only. -new cars are a waste of money, especially luxury ones. buy a few years old and nobody will know the difference. -once you're established the only debt you take on should be for your primary residence or if you hit hard times. never go into debt for consumer goods. -don't buy a house until you know you want to live somewhere for many years. -don't use "creative" financing like ARMs or interest-only mortgages to buy more house than you can afford. -keep an emergency fund and be prepared for the worst. changing careers or moving can be very expensive. if you have a family, you need to save even more.
|