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Posts By Big Saint
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Money Talk
re: What to do with extra monthly cash flow in my scenario? - Big Saint
Are these type plans more typical for smaller businesses vs large corporations?...


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Money Talk
re: What to do with extra monthly cash flow in my scenario? - Big Saint
[quote]OR makes more than I believe 120K a year (the amount adjusts for inflation). [/quote] This part can't be true unless that number is significantly higher due to inflation nowadays. I have read that you can't make contributions at $250k or so but if you contribute the max before you hot that...


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Money Talk
re: What to do with extra monthly cash flow in my scenario? - Big Saint
How are you eligible for a Roth and yet classified as a highly compensated employee? Are there different thresholds for "highly compensated" depending on the employer? Not knocking you... I know nothing on the subject....


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Money Talk
re: Cable & Internet - Big Saint
[quote]Netflix let's multiple users on one account, why can't cable companies?[/quote] While this is true and I agree, I highly doubt this guy is going to pay anything to his parents in exchange for bumming their cable because he is too cheap....


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Money Talk
re: Advice needed for situation.... - Big Saint
You clearly don't understand investing and are the only person in the thread who believes the 0.08% savings account is the right move for all of the savings. ...


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Money Talk
re: Advice needed for situation.... - Big Saint
All a sell off does is give him a better entry point. He'll call you right back to let you know his money has gone up 100% while you collect your 0.08%. In the OPs situation its a no brainer to use the majority of the cash for investments and not a savings account....


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Money Talk
re: Oil prices dropping - Could it stop the Exxon hysteria in the Woodlands - Big Saint
Yeah.... Exxon isn't going anywhere....


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Money Talk
re: BP Stock - Big Saint
Check out TTTs thread about buying some XOM a little further down the first page. Lots of good info. In short, I'd stay away from BP. There are other integrated oil companies you could invest in that are better options in my opinion. ...


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Money Talk
re: Time to buy some XOM(Oil stock discussions)? - Big Saint
BP has dropped at least one drill ship and is talks concerning two more. I haven't heard anything about them dropping any platforms or head count at this point though....


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Money Talk
re: ROTH and Vanguard - Should I use them? - Big Saint
I like Fidelity better and they have no cost etfs and funds like vanguard but to each his own. They both are great options....


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Money Talk
re: Done Deal...Halliburton buys Baker Hughes for $34.6B - Big Saint
[quote]isn't the sell price around 70[/quote] Sell price is $78 and some change. Every share of BHI will turn into 1.12 shares of HAL plus an additional $19 for each share. Yeah it should be a very good deal for him getting in at $62....


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Money Talk
re: Done Deal...Halliburton buys Baker Hughes for $34.6B - Big Saint
Yeah I assume they wouldn't be betting $3.5B if they didn't have confidence in it going through. ...


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Money Talk
re: Done Deal...Halliburton buys Baker Hughes for $34.6B - Big Saint
What are the chances this doesn't close though? I agree with buying the stock itself just curious about peoples' thoughts regarding regulators approving the deal....


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Money Talk
re: Done Deal...Halliburton buys Baker Hughes for $34.6B - Big Saint
[quote]Slb does lots of directional drilling and logging in the gulf [/quote] Yeah they pretty much own Chevron deepwater work in this dept and their wireline division is used by everyone in deepwater....


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Money Talk
re: Just on CNBC- Halliburton in talks to BUY Baker Hughes - Big Saint
Wonder how many guys are going to get laid off....


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Money Talk
re: Just on CNBC- Halliburton in talks to BUY Baker Hughes - Big Saint
Yes sure did....


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Money Talk
re: Let's talk about BP - Big Saint
Yeah I wasn't gunna bring that up... haha ...


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Money Talk
re: Let's talk about BP - Big Saint
Just look for the ex dividend date. You have to own it the day before that and you will collect....


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Money Talk
re: Let's talk about BP - Big Saint
Yep or RDS-B. I'm honestly not sure what the difference is. Voting rights or something....


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Money Talk
re: 30k windfall - Big Saint
10k in an admiral shares fund of your preference. Use another 10k to average in over whatever time frame makes you comfortable and put the last 10k in the emergency fund until you know you'll either continue renting or buy a house after work has moved you....


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Posts By Big Saint