Any downside of a "no income, no ratio" mortgage?

I have been approved for a $3M mortgage and allowed to make interest only payments for a 3 years. I have income of $200k and will have no problem with interest only payments. Obviously in 3 years that house will be worth a lot more, so I can either sell it refinance. My mortgage broker said this is the best way to get no risk leverage and I could make a million in profit in just 3 years. This is supposedly very common.

What are ways I can spend my $200 airline credit for the Amex platinum ? I saw upgrades don’t count and I have status so already get free baggage, lounge etc.

Couples without kids, how do you justify buying a house and paying school taxes? Almost all of the good residential areas are with a high school tax. Just curious if childless couples can ever buy and live in nice areas or rent forever

Anyone taking profits from UVXY and VXX or still holding?

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

Angel investors : What returns do you expect when investing? Also what’s your range of investment?

Is anyone investing in liquid funds? How do they benefit and what are their returns?
Recommendations are welcome.

How is the AMEX account in IBM?

anyone invested into Facedrive (FDVRF)?
Recently heard about the company and it looks very interesting... curious to hear your thoughts if you have any!

Moving from the US to Singapore soon. On a 90k salary, how much should I budget for rent? Ideally I want to live in neighborhoods close to central locations such as Tanjong Pagar, but I’m not sure if it’s possible.

TC New grad Software Engineer
Base: $110k
Sign-On: $35k
RSU: $120k/3years
Relocation: $20k

Starting fresh with virtually $0 savings and $0 worth of financial literacy, whats the best course of action? any advice is greatly appreciated!

Looking for a panty dropper used car for around 40k. What would you suggest? Considering a wide range of options from x5 to F type

Is there a way to Pay rent via Credit Card without paying the convenience fee?

Alright QOTD: How are you paying back your loans? PSLF or working for Private Firms and Paying your loans back yourself? Which choice do you think is better. I have 5 years left of PSLF and I cannot wait for the day that this loan is gone.

what are the tax implications when you withdraw from your espp? what are the necessary steps you have to take so you don’t get overtaxed?

What happens to your shares if you are partially, or not even 1 yr vested at a pre-IPO company and the company goes public? When you continue on your vesting schedule, what price do you purchase your vested shares at?

Hi All, how much should I expect to pay for someone to do my taxes for me? (Ball park)
- fbar
- state
- Federal

Also I moved out from MA in February so not sure if I'd also still need to file in MA?

At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

If I max out my 401k before the end of the year, I am still eligible for employer matching?

My wife and I use a joint account for managing our monthly expenses. Can we both use UPI IDs linked to this account on our respective phones ?

How far out should I be booking my florist? Wedding is 10 months away, not sure what we’ll need quite yet!

Any recommendations for vegetarian and vegan friendly restaurants to have a nice evening? Thanks 😊

What are your favorite sites for keeping up with digital media/industry news?

Looking to create a comprehensive personal RSS feed and don't just want to stick to the basics (AdAge, AdWeek, etc).

What drives people to answer stackoverflow questions? I love them for doing so, but when will I feel the urge to contribute?

Is it worth becoming certified in compensation? I have 5 years of benefits and my new employer wants me to move into Total Rewards. Is this a better career move than just remaining in Benefits?

How hard is it to pivot to a BDR/SDR role as a tech consultant from a boutique firm with 1-yr experience? I don’t have previous sales experience, except for my time at a call center which lasted for two months until covid hit. What should I be doing now to bridge this knowledge gap? Is there anyone willing to give a referral?

Just curious, how much do Partners make at a firm

Had anyone flexed in streetwear for their consulting engagements? I occasionally wore my Yeezy Triple Black 350s with my suit to the office, then changed into dress shoes at the office 😂

Throughout my career, I have worked at both “traditional” and “digital” shops. My current agency would fall under traditional but also offers digital services. Our process, roles and skillsets seem way outdated but I wasn’t sure if it was just my opinion or if this is just how it works. For example, we have no CTO or tech leads. Our digital producers feel more like project managers than actual producers. Account Management is just traditional, no real digital knowledge. Feels layered and dated.

Can anyone explain the grades in HSBC ?
What is GCB-5?

I am an associate at a UMM and my employment contract has a 4 month non compete (yes, even for associates) but I am thinking of lateraling. What are the implications of breaking a non compete? I didn’t say anything when I signed because I was desperate for a PE offer but it seems so unfair as I am just a lowly associate. I am not so much worried about getting sued, but about my current employer tanking my reputation if I leave and break the non compete.

Looking for emotional support after been laid off and second baby is on the way.

I’m a first year. Getting a heavy case load - general liability, med mal, FELA, and products. I don’t really know how to organize my outlook email inbox. Any suggestions on where to start would be great. I’ve struggled with being organized in the past and obviously looking to improve in this respect. Thanks.

Hi good people of this community! Anyone working in the ESG/ climate impact space? I have 6+ pm work experience in deep tech/ emerging tech, looking to pivot to this green tech/ climate tech space! If there is anyone who knows someone else I could or should reach out to via networking platform, i can DM as well for such suggestions

Does Deloitte fire you if you do not get h4 ead on time or allow you to take leave without pay?

What projects could I do data related to build my portfolio? Not sure what kind of projects to work on related to advertising and marketing.

For those in big 4, how much time between accepting an offer and start date have you been able to ask for? Is a month feasible/how should one phrase it? Two weeks just doesn’t feel like enough with this heavy burnout/having to wrap up deals at old firm

Invest in roth 401k or traditional 401k and save the difference for a house downpayment?

I stopped contributing to my 401K for the last three months in order to pay off credit card debt. I am 28 and have about 68K in my 401K. Was this a smart decision? I want to get out of debt as quickly as possible and I have no student loans or car debt.

I have a LOT of credit card debt. It has just grown over time and I can’t find my way out. I’m considering debt consolidation, specifically a company called National Debt Relief which seems legit but I’m just so hesitant because I’m scared to make my situation worse. Or a personal loan to pay off all the CC debt and then have a smaller all in one payment. I’m intelligent and I work in finance, it’s so embarrassing. HELP.

Paid off my account debt!

Looking to get an Alfa Romeo Giulia Ti sometime this year. Brand new the MSRP is about 45K and despite the reputation of the old Alfa Romeo’s from the 90’s these seem to be night and day more reliable. Would you recommend buying new, leasing new, or buying used? If I bought used it would be anywhere from 2019-2021

24 yr old, 110k TC, maxing out Roth IRA and Roth 401k, no debt or large expenses. Also have ~35k sitting in a bank account. What should I do with that money?? Am I better just sitting on it for a while then watching it shrivel up in my brokerage account?

Any good wedding ring sources aside from Blue Nile?

What’s a good baseline amount to keep in a checking account? I generally keep mine pretty low <1000 after paying CCs then dump the rest in savings. As I’m building a rainy day fund and then I will start contributing my brokerage account.

For reference <1 year experience at $4500/month (after taxes and 401k contribution)

What are your thoughts on buying a house now and refinancing later? (Hopefully when interest rates are lower)

I am 25 years old with roughly no savings. I am a consultant with a technical background. Are there any tips in side jobs/ways to make more money for savings?

Newly minted consultant here looking for financial advice.

So I just moved to consulting after B school, and It's more money than I've made my entire life. After paying for rent and living expenses, I have 6000$ left over every month. My student loan payments are about 1200/month at 7% interest. I still owe another 95K on my loan. I have the option to pay more every month and reduce my overall interest paid.
Currently I put about 3000 towards my loan and 3000 towards my savings. Cont'd...

In your opinion which is the best target fund to choose in IRA Roth?

Currently maxing out my 401k and HSA and investing about 1k/mo in ETFs. Also recently started buying I-bonds given inflation. What are other things I should be thinking about?

What does 401k mean?

Under contract for nearly 1.1M. Wife and I are at HHI $315k. Will go up in the future, $400k in 3 years and $500k possible in 5-7 years. We have $300k in non-retirement funds, $260k of which will go towards acquiring the house. We have 2 kids and will probably reduce (not maxing) retirement accounts next 18 months to do this. Anyone have any thoughts or feedback? We’ll have to live on a budget and watch but I feel we’ll get used to it and income will grow.

I’ve always been a big saver minimum 15% to maxing out my 401k since I graduated college. I’m married to someone who thinks 6% is enough and likes $$$ cars. Other than the cars, they dont really spend money. For the married 🐠, how do you have the conversation with them that what they are doing isn’t enough? I try to guide them and say you want the $$$ cars but the salary you have won’t get there and you’re going to have to find a job that gets them the salary…. Then the fight starts.

I racked up about $20k in credit card debt due to a confluence of things happening at once (move, school expenses , etc ). I have a fair amount of paper assets but not a much free cash. Assets are down a decent amount with the current market cycle and I’d prefer not to sell them to cover the debt , although they easily could. Any suggestions how to handle the credit card debt without racking up tons of ongoing card interest?

How to choose which financial advisor to work with.
I have no financial experience and an advisor reached out from equitable.

What's a good percentage (they're offering 2% as a fee)

Vanguard Digital Advisor ( 4 ETFs, 0.15% fee) vs HSBC Financial Advisor (15-20 funds, 1.5% fee) which one to go for nest egg growth 100k starting

Has anyone asked for a refund for payments made towards student loans during the pandemic and actually received it yet?