- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 7/26/24 at 6:27 pm to nolaks
Just going 100% into VOO. That was years ago and it's been life changing
Posted on 7/26/24 at 6:47 pm to masoncj
quote:
would encourage those that have found their true love to get married early and start a family and don’t wait until you are “financial secure”
I would encourage the exact opposite.
Posted on 7/26/24 at 6:56 pm to masoncj
quote:
masoncj
Benefit of this is honestly you get more of your life with your kids.
I have little ones now and met my wife a bit later. We undoubtedly can provide financial security in a way that we couldn’t dream when we were in early or mid 20s. While I don’t think it materially affects the quality of the life my children, we as parents definitely have some relief from the financial squeeze.
What you describe of young marriage and children is awesome when it works out. I really don’t think there is one right or wrong way to do it…it’s just trade offs.
Posted on 7/26/24 at 6:59 pm to lynxcat
To the OP…I don’t know if I classify it as biggest success but in most proud of the discipline I have had since 21 on money management. I’ve built a process that is sound and repeatable.
Posted on 7/26/24 at 7:23 pm to nolaks
Learning a strategy of trading Bitcoin volatility coupled with arbitrage trading Bitcoin derivatives. I'm now making 10 times more (and growing) monthly than my highest monthly take home pay.
This post was edited on 7/26/24 at 7:38 pm
Posted on 7/26/24 at 8:35 pm to nolaks
Started investing at 24. That was a key success. I had a few false starts with financial advisors but got out of that soon enough and worked my way up to maxing out 401K in my later 30's. Sticking it out and not waivering through 9/11, 2008 downturn, COVID, etc. was another key success.
AMAT has been one of my few individual stocks and the best performer - most everything else in S&P funds. AMAT makes sense to me as a company and their position in the industry. I am up over 1000%
AMAT has been one of my few individual stocks and the best performer - most everything else in S&P funds. AMAT makes sense to me as a company and their position in the industry. I am up over 1000%
Posted on 7/26/24 at 8:38 pm to nolaks
May not mean much to others but 1)Staying Debt Free 2) Always having an Emergency Fund.
Posted on 7/26/24 at 8:49 pm to AUCE05
quote:
Just going 100% into VOO. That was years ago and it's been life changing
I’m considering this for my Roth IRA. Do you put every dollar you contribute each year into VOO and just forget about it? Do you try to time the market? Trying to get more serious about my personal finances, and am strongly considering going VOO heavy for my Roth here forward. But, I am very hesitant to wait and see what the market does in the near future so I’m just contributing then letting it sit in the meantime. Read on here the market tends to be more volatile around September. Think that could be a bit different with it being an election year tho.
Posted on 7/26/24 at 9:12 pm to NotoriousFSU
quote:
I’m considering this for my Roth IRA. Do you put every dollar you contribute each year into VOO and just forget about it? Do you try to time the market? Trying to get more serious about my personal finances, and am strongly considering going VOO heavy for my Roth here forward. But, I am very hesitant to wait and see what the market does in the near future so I’m just contributing then letting it sit in the meantime. Read on here the market tends to be more volatile around September. Think that could be a bit different with it being an election year tho.
Its much more important to be in on green days than out on red days.
Just pull the trigger.
I have probably 75% of my portfolio in VOO/VTI
Posted on 7/26/24 at 9:51 pm to NotoriousFSU
quote:
I’m considering this for my Roth IRA. Do you put every dollar you contribute each year into VOO and just forget about it? Do you try to time the market? Trying to get more serious about my personal finances, and am strongly considering going VOO heavy for my Roth here forward. But, I am very hesitant to wait and see what the market does in the near future so I’m just contributing then letting it sit in the meantime. Read on here the market tends to be more volatile around September. Think that could be a bit different with it being an election year tho.
Time in the market is the most important thing. Don't worry about short-term (year-to-year) losses or gains...Roth IRA is for the long-game.
Posted on 7/26/24 at 10:25 pm to nolaks
The biggest success comes from networking and finding a job that pays more than double what I made previously. I am now doing similar work, WFH, and can now afford insurance and benefits that let me sleep at night without worrying about specific "what if" scenarios. I now have enough insurance that if something were to happen to me, the payout would likely make up for it for myself or my loved ones if whatever happened... happened to me...
This post was edited on 7/26/24 at 10:26 pm
Posted on 7/26/24 at 11:19 pm to nolaks
Nvidia is definitely it for me. I’m up 3000%. For some reason I stayed in it years back.
Posted on 7/27/24 at 8:56 am to lynxcat
To the OP…I don’t know if I classify it as biggest success but in most proud of the discipline I have had since 21 on money management. I’ve built a process that is sound and repeatable.
______________
Would echo this! Made my first investment at age of 22. Been engaged ever since.
My biggest stock winings with over $100k profit in each were Walmart, Qualcomm and Applied Materials (15-20 years ago), Apple and Google (10 years ago), NVDA now. Pretty sure I was up 1000% on AMAT. Crazy lucky. Up at least 500% on NVDA now.
With my good fortunes in stock market, I began investing in real estate 20 years ago. Bought 8 or 10 rent houses and kept each for 20 years or so before starting to sell them. Later started investing in new residential spec houses and am putting most of my money in that these days.
Have decided that my smartest move was to stay invested for many years. Have stayed in the 500 and Russell1000 for the majority of my life. The flashy wins are nice,but staying in these broad indexes has been key to my success.
______________
Would echo this! Made my first investment at age of 22. Been engaged ever since.
My biggest stock winings with over $100k profit in each were Walmart, Qualcomm and Applied Materials (15-20 years ago), Apple and Google (10 years ago), NVDA now. Pretty sure I was up 1000% on AMAT. Crazy lucky. Up at least 500% on NVDA now.
With my good fortunes in stock market, I began investing in real estate 20 years ago. Bought 8 or 10 rent houses and kept each for 20 years or so before starting to sell them. Later started investing in new residential spec houses and am putting most of my money in that these days.
Have decided that my smartest move was to stay invested for many years. Have stayed in the 500 and Russell1000 for the majority of my life. The flashy wins are nice,but staying in these broad indexes has been key to my success.
Posted on 7/27/24 at 9:03 am to BestBanker
quote:
634% gain on ZOM
I had 70k shares of zom that I rode from 17 cents to 3 bucks or whatever and didn’t sell rip
When y’all ran off AT yall ruined the stock market forever
Posted on 7/27/24 at 9:16 am to masoncj
quote:
Not for everyone but I would encourage those that have found their true love to get married early and start a family and don’t wait until you are “financial secure”…whatever that means anyhow
frick all that and i got married real young. most these young couples are struggling in this shite democrat economy. girls need to get an education and learn a profession and get on their feet and support themselves before hooking up with any clown. i teach that to my girls. they will not depend on any man. many of these young couples do not stay together anymore and it turns into super young single mothers with no education working as a waitress or dollar general needing section 8 and food stamps and WIC to survive.
you live in a bubble or you are a trust fund baby.
Posted on 7/27/24 at 9:42 am to nolaks
Slow and steady wins the race, that being said , +100% on Stone Energy and +300% on ChampionX (back in the day of course) . That’s about it. And I’ve had way more loses than that . I blew up a few account trying to get cute on options trading. No more of that!
Posted on 7/27/24 at 10:31 am to Roy Curado
quote:
. I now have enough insurance that if something were to happen to me, the payout would likely make up for it for myself or my loved ones if whatever happened... happened to me...
Is this some kind of special insurance? It seems almost all normal jobs offer medical insurance as well as life insurance.
Posted on 7/27/24 at 10:39 am to nolaks
For me it’s been a bit of a cascade. Had several jobs and had been contributing towards my 401K since age 18. Was maxing it out by time I was in my 30’s. We did okay; we weren't living paycheck to paycheck, also we weren’t really getting ahead.
I opened my own biz in 16’. Did far better than we expected. Paid off our home and all our debts in the first year. This part was critical for us at least psychologically. Then we could really throw money into investing and felt financial freedom.
We got pretty fortunate in 2020 when we realized there was a lot of stimulus money about to be pumped into the system and Florida had simultaneously bumped the minimum wage to $15. We knew inflation was going to be rampant in Florida.
We quickly took out a contract to build a new home in a growing area and closed in 21’. We got 2020 pricing for our new place and sold our old home a premium 21’ rates. I honestly wouldn’t buy the home I live in right now. The same home from the same builder would cost almost $400K more than I paid for it only 3 years ago.
That’s when I also finally got smart and took the time to get all those old IRA’s moved into Fidelity. Most were shite mutual funds with minimal choices and too much fees. Basically largely in VOO now after reading “A random walk down Wall Street” and hearing Buffett acknowledge that it’s probably the best bet for most investors. It’s Berkshire’s single largest non-stock holding. Made huge lump sum buy of VOO in 2021 that’s really paid off. Crossed the $1M mark in my portfolio at age 45.
Nowadays, still totally debt free except the usual recurring bills. Have created UTMA’s for both kids which are currently worth 6 digits each. Still trying to contribute $1,000 a week to investments for myself. Want to retire at age 62. So about 15 years left for me.
I opened my own biz in 16’. Did far better than we expected. Paid off our home and all our debts in the first year. This part was critical for us at least psychologically. Then we could really throw money into investing and felt financial freedom.
We got pretty fortunate in 2020 when we realized there was a lot of stimulus money about to be pumped into the system and Florida had simultaneously bumped the minimum wage to $15. We knew inflation was going to be rampant in Florida.
We quickly took out a contract to build a new home in a growing area and closed in 21’. We got 2020 pricing for our new place and sold our old home a premium 21’ rates. I honestly wouldn’t buy the home I live in right now. The same home from the same builder would cost almost $400K more than I paid for it only 3 years ago.
That’s when I also finally got smart and took the time to get all those old IRA’s moved into Fidelity. Most were shite mutual funds with minimal choices and too much fees. Basically largely in VOO now after reading “A random walk down Wall Street” and hearing Buffett acknowledge that it’s probably the best bet for most investors. It’s Berkshire’s single largest non-stock holding. Made huge lump sum buy of VOO in 2021 that’s really paid off. Crossed the $1M mark in my portfolio at age 45.
Nowadays, still totally debt free except the usual recurring bills. Have created UTMA’s for both kids which are currently worth 6 digits each. Still trying to contribute $1,000 a week to investments for myself. Want to retire at age 62. So about 15 years left for me.
This post was edited on 7/27/24 at 10:41 am
Posted on 7/27/24 at 2:03 pm to notiger1997
Not necessarily. I just have term life insurance with the ability to use it if I get sick enough, 5x salary covered by my employer, extra voluntary benefits like critical illness, disaster protection, pet insurance, hospital indemnity are all maxed out...etc
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News