Favorite team:LSU 
Location:Baton Rouge
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Interests:Huntin Fishin and Football
Occupation:Student
Number of Posts:606
Registered on:12/21/2011
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re: Buying a rental before buying a house - LSUTOM07
[quote]That rings incredibly false to me. [/quote] One bedroom apartments are starting at 2400. Rooms are going for up to 2k. But for how long.. idk...
Posted on Money Talk
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Buying a rental before buying a house - LSUTOM07
Does it ever make sense to invest in a rental property before buying a house? Im living in the SF Bay Area, and housing/rent prices are soaring through the roof. We are currently renting, and I'm concerned about having too much risk associated with the tech industry with my job, stock compensatio...
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re: Where should my 401k be at my age? - LSUTOM07
[quote] It's also ridiculous if you went to graduate school, or have increased your salary greatly by the time you are 30. I'm not the most frugal person in the world, but there is no way that I'd be able to have 1x my salary saved by the time I turn 30. (I'm 29)[/quote] Just because you wont be ...
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re: What's the minimum amount of money you need to live comfortably? - LSUTOM07
[quote]NYC $400k[/quote] Way less than that. You don't have to own to live comfortably. ...
Posted on O-T Lounge
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re: What's the minimum amount of money you need to live comfortably? - LSUTOM07
San Jose, CA Married with no kids - 125-150k Married with kids - 200k+...
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re: Anyone buying the dip in tech? - LSUTOM07
[quote]define dip[/quote] More like a 2 day pull back at the moment. Not sure where it's heading, if anywhere. It could be a good opportunity to pick up shares at a 5-10% discount to last Monday's prices, or it could be the start of more. Curious if anyone else has any thoughts... ...
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Anyone buying the dip in tech? - LSUTOM07
What are your thoughts on the dip in tech stocks? Are you buying? I'm not sure what's driving this pullback... Hopefully this presents a better entry point into some of the big names in this space. ...
Posted on Money Talk
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re: Age when you first made 100k at your job - LSUTOM07
[quote]Damn 6 figures in purchasing is a 1%er [/quote] Big difference in pay between category/commodity managers who may be responsible for $100M+ in spend vs. a local buyer at a plant. Most category managers I know in the industry are making into the 6 digits in large metro areas. But most a...
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re: Age when you first made 100k at your job - LSUTOM07
[quote]What the hell do you people do to be making over 100,000 in your twenties?[/quote] Procurement [quote]When RSUs and options come in play is when big time money starts becoming a reality.[/quote] This. Bonuses can turn into BIG bonuses by the time they vest. ...
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re: Age when you first made 100k at your job - LSUTOM07
Came very close at 25 in the south. Slightly surpassed 200k at 26 on the west coast. Not exactly apples to apples comparison, though. ...
Posted on Money Talk
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re: Anybody know anything about construction contract laws? I have a situation - LSUTOM07
Hard to say without seeing the contract.. I'm going to go out on a limb and say that nothing stops you from breaking the contract. You will likely owe them for any work already performed and any material that may have been procured for your job. Don't offer this up, but if this is the case, make sur...
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Backdoor Roth - LSUTOM07
Can someone please explain a backdoor Roth IRA? I saw it mentioned in another thread for cases when your income exceeds the Roth IRA limit. For those who fall into this category, do you use a backdoor Roth? Any tips or suggestions? Also, do you have any other tips on how you minimize your tax bur...
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re: Northern California Hunting - LSUTOM07
Just stating the obvious. From what I've read, there seems to be some good hunting out here. Not sure how to get started finding a place. Someone else has to have gone through the same thing on here.. ...
Posted on Outdoor Board
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Northern California Hunting - LSUTOM07
Just moved to the Bay Area and I have see a lot of ducks and a few turkeys since I've moved to the Bay Area. Do any of you happen to live in the area, and have any leads on places to hunt duck or turkeys? I don't know a soul out here, and there aren't many people that share similar interests. ...
Posted on Outdoor Board
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Rental Property - What/where would you buy? - LSUTOM07
With all of the threads on using real estate to build wealth, it got me thinking.. if you had 30-50k to put down towards a rental(s), where would you start? What would you look for? Which location? etc. Are there any key metrics you look for when purchasing? rent/expenses, cash flow, ROI? Any...
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re: What to do if I just received a pay increase? - LSUTOM07
[quote]jimbeam[/quote] [quote] I'm trying to figure out how I'm gonna live on a tenth of what you're making[/quote] Aren't you an engineer? ...
Posted on Money Talk
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re: Cost of living - Oakland, Ca vs BR - LSUTOM07
I had a similar decision to make about 1 month ago. The wife and I decided it was worth the risk for the potential career growth opportunities on the west coast. We will be just above the base range you provided, and living in the south bay. Our base pay also increased by exactly 40%, but we were in...
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re: So Is Tech Dead Under Trump, What's With The Recent Weakness? - LSUTOM07
I think big money is out of tech and into financials and some of the other sectors that are currently booming right now. ...
Posted on Money Talk
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re: Selling Covered Calls - LSUTOM07
[quote]Iowa Golfer[/quote] Thanks for the detailed response :cheers:...
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re: Selling Covered Calls - LSUTOM07
[quote]Sell covered calls at a strike slightly high than your sell price[/quote] In this scenario, if I hit my sell price before contract expiration, I would have to hold until contract expiration, correct? Why wouldn't I sell a covered call just below my sell price? Some premiums going out as fa...
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