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Newbie to investing and never invested in a company that went through a reverse stock split.
In theory, I understand the market value should increase but I’m not seeing this reflected in the price and naturally my book value/ share is very disappointing.
A) When should I anticipate the stock appreciation to occur?
B) What’s the next move for companies that do this? Issue more shares?
TIA!
https://finance.yahoo.com/news/retransmission-hive-blockchain-announces-5-100000300.html
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EY, I got my Roth IRA contributions set to max (30%). Does Fidelity automatically lower the % and stop contributions afterwards once I reach my 2022 limit?
Also at Deloitte, I had a couple thousand contributed in the beginning of the year. Does EY's 401k keep track of that as well towards the limit?
How to invest in commodities (e.g. wheat)?
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Hi everyone! I hope you’re all doing well and staying safe during the holiday season. I wanted to take a moment to highlight a role that I’m hiring for - Sr. Learning & Talent Development Partner. If you’re interested, I’ve added to the Fishbowl jobs board - https://joinfishbowl.com/job_rpc2p5vsvq. Feel free to reach out directly if you’d like to chat. :)
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Found this hilarious!!!
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Does this Friday feel like a Monday to anyone else?
Please and thank you!
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Always. Above all else. Are you saving in your 401k or brokerage? If so, you wipe out any potential growth in NW by racking up debt at an exponential rate with negative interest rate that far exceeds your 8% in market.
Absolutely. My main card is 0% until next year, and the back up I typically do pay off in full each month. I also have emergency savings, 401k, and Roth IRA set up with automatic payments each month.
Yes. Every single time
Enthusiast
Yes but I also have a charge card. I work at a credit card company and have seen the amount of interest that accrues on any balance— it is ridiculous.
I used to keep under 30% credit utilization until I got my credit score above 800 so now I pay it in full, no need to keep interest running anymore. I also stopped contributing to my 401k after learning more about it. There are way better investments for retirement. I have never heard of a 401k millionaire. The matching is all a tax write off for your company and you end up paying it all back to the IRS when you need that money most, when you’re no longer making it.
I’m all honesty building credit and how is not my subject of interest at all. I have always been at a credit score of over 800. Other people in my office deal with that. I’m in to helping people get out from under that debt because nothing feels better then being financially free, no slave to debts. That is what more interested in helping people with. I do hope the OP gets their credit up for whatever reason they need it for.
Yes, never missed a payment. Direct debit set up for the full balance every month so I don’t even think about it. I honestly can’t imagine using a credit card if I didn’t pay it off in full monthly.
Yes. I’ve been 60k in CC debt and it wasn’t fun. Now I pay the balance off every month.
Always fully at the end of each month. Keeps me in check.
Yes, always. If you find yourself spending more than you bring in you need to cut back, stat.
Credit card debt is not meant to be sustainable. The “credit” aspect is the fact that you don’t pay out of pocket for each purchase, but consolidate it for free to at least 15 days later, when your statement balance is due.
The possibility to carry over debt is basically a way to squeeze money out of people with poor financial education or who spend beyond their means. You should consider it a penalty, not a service.
I should add: of course there will be cases where you might have to spend beyond your means, because life happens. My point is that credit cards debt is not the right way to address those cases.
SM1, real estate isn’t purchased just for its value, I actually don’t care about its appreciation! I care about the monthly cash flow generated, between 8% and 15% and sometimes more. The property can go up or down, it's no consequence to me. I don't have real estate in my SDIRA for the tax advantage, I have other investments for that. When I pass away my kids will inherit the properties and will also get to enjoy the passive income generated. In my world, there is a HUGE difference between tax advantaged and deferred as I defined it previously. Tax advantaged means you get to enjoy all the capital, even if your $300k grew to $2million and never pay a penny to the IRS in the difference of the growth amount from the initial investment or the capital gains. I hope that's clear, maybe I'm not coming off clearly?
Pro
Yeah, I get that real estate produces cash flow - that was the point of my post - by placing real estate in an IRA you’re passing up the ability to use real estates ability to produce free cash flow in a tax sheltered manner.
Equity (well other than real estate and a few other partnership equity investments) and debt investments don’t do that. So you know you can use the IRA for say bonds that are tax inefficient.
I pay off my credit card every week 100% and have never carried a balance
Chief
Pay in full all the time. If I dont have the mo ey then I wont spend it beforehand
Haven’t used a credit card in years. Never had a problem.
Pay in full, every month.
I setup autopay to pay the statement balance every month. 100% on time payments because I don’t have to think about it.
You’re not paying any interest this way, and your credit score just keeps going up.