Sponsored

Investing & financial advice discussions

Nickp

Base
Well-Known Member
First Name
Nick
Joined
Jan 13, 2019
Threads
100
Messages
3,590
Reaction score
17,763
Location
Phoenix
Vehicle(s)
2010 WRANGLER THAT GEICO SPENT $14K FIXING
Your Bronco Model
Base
and if you can swing the 15 year mortgage, you'll thank me later!!!! Oh, and LOCATION LOCATION LOCATION!!!

LOL
15yr vs 30yr is SOOOoooooo much better if you can swing it. I spent 14yrs in the mortgage business (left last year) for the @1/3 increase in payment cutting 1/2 of payments is very hard to beat.
I personally prefer a 30 year and pay it like a 15 year if possible.

I also bought my first property when I was 23 with no co-signer or help with my down payment other than being able to live at home while I was going to college. So I had to have my payment as low as possible, and also wanted to get a nice location and a super affordable payment.
Sponsored

 

JimmyDean

Badlands
Well-Known Member
Joined
Jun 10, 2019
Threads
13
Messages
1,744
Reaction score
4,071
Location
Louisiana
Vehicle(s)
82 Bronco, 513 ci; 71 mach 1, 351C; 06 F-250, 6.0; 56 800, 172c.i. gas
Your Bronco Model
Badlands
this year is going to hurt, but I have about 225k in my retirement at 38, not great, but if the growth comes back, it should be hitting close to 5-6mil at 57. Luckily, I haven't had to put anything into it, it is in an ESOP. I do wish I had started here earlier, If I'd started in 2000 instead of 2010, I'd have already retired, the early growth was RIDICULOUS. like a 24% average every year for the first 10 years. We've been at 18% average for the last 10, with some 30% years in there, and 2 down years. This year will be a down year as well.
 

Rogues Gambit

Banned
Badlands
Banned
Banned
First Name
Mike
Joined
Jan 10, 2020
Threads
45
Messages
2,456
Reaction score
2,931
Location
Eatontown, NJ
Vehicle(s)
'19 Ram Rebel, '07 A4 Quattro
Your Bronco Model
Badlands
Clubs
 
Kinda on topic; I got 21.398 Ford Shares, current price $5.84.

Should I buy more or leave it?
 

JimmyDean

Badlands
Well-Known Member
Joined
Jun 10, 2019
Threads
13
Messages
1,744
Reaction score
4,071
Location
Louisiana
Vehicle(s)
82 Bronco, 513 ci; 71 mach 1, 351C; 06 F-250, 6.0; 56 800, 172c.i. gas
Your Bronco Model
Badlands
Kinda on topic; I got 21.398 Ford Shares, current price $5.84.

Should I buy more or leave it?
I think I want to buy more tomorrow. think I'll buy another 50 every 10 cents it drops.
 

Sponsored

doink

Outer Banks
Well-Known Member
Joined
Jul 17, 2020
Threads
1
Messages
189
Reaction score
637
Location
Atlanta
Vehicle(s)
GLE 350. Bronco OBX
Your Bronco Model
Outer Banks
Clubs
 
I think I want to buy more tomorrow. think I'll buy another 50 every 10 cents it drops.
Stonks only go up though.

in all seriousness- good info in this thread. Young guys: definitely invest in retirement before you need to. Compounding interest is a magical thing.

or if you want: YOLO everything you own into calls/puts and live dangerously.
 

JimmyDean

Badlands
Well-Known Member
Joined
Jun 10, 2019
Threads
13
Messages
1,744
Reaction score
4,071
Location
Louisiana
Vehicle(s)
82 Bronco, 513 ci; 71 mach 1, 351C; 06 F-250, 6.0; 56 800, 172c.i. gas
Your Bronco Model
Badlands
Stonks only go up though.

in all seriousness- good info in this thread. Young guys: definitely invest in retirement before you need to. Compounding interest is a magical thing.

or if you want: YOLO everything you own into calls/puts and live dangerously.
yes, but that is why when they do fall you buy in more.
 

SilverII

First Edition
Well-Known Member
Joined
May 23, 2020
Threads
3
Messages
92
Reaction score
245
Location
DFW
Vehicle(s)
Ford
Your Bronco Model
First Edition
Clubs
 
I am heavily invested in guns and ammo..... :p
Sponsored

 
 


Top