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Hello All,
I have recently joined FIS Global around end of April. My mother recently met with an accident and she needs to be operated.
I haven't been able to update the anything regarding the insurance part yet on FIS portal.
Will my mother's treatment be covered under the insurance? If yes, what's the procedure for the same? What are the documents that I need to submit in order to claim the amount?
Can anyone please guide?
If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
Can anyone shed some light on quant funds please? https://groww.in/mutual-funds/escorts-tax-plan-direct-growth
I am seeing stellar returns and extremely low expense ratios but apparently since they're quantitatively managed algorithms, they don't account for things like corona for example.
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What’s up RipCity! Who’s drinking tonight?
Enthusiast
Chief
How is performance measured at MBB?
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Do you do DCF in ECM?
What is comp like at a pension fund?
Ezoo this weekend any youngins??
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Chief
$3800 * 26 pay periods / 12 months gives you roughly 8200/mo.. so it’s really a matter of if you can comfortably live on the remaining $4200/mo. Will you have other savings for incidentals? I’m assuming yes given how much you have to put down on a new house. I think generally speaking, 1/3 of your income (28%) is what financial advisors would suggest.. but only you know your situation best.
Back when house prices costed the same as a box of Kraft dinner
What do you do making $160K a year is what I wanna know. And can I learn to do it too?
I’m a senior software engineer lol
Do you have another source of income ? Significant other ? Surprised you got approved but makes sense with what you put down.
I think 50% DTI on just your house expense ( assuming no other income source) is not healthy. Leaves you little to no wiggle room after you factor in grocery/ and other discretionary spending
Regardless of calculation, you’re losing 50% of your take home pay to living expenses. Food/utilities/ gas etc could easily amount to another 30%. Leaving you living check to check.
I would downsize to something 500K ish and live comfortably if i were you
Are your parents wealthy? If so, go for it, otherwise if you’re thinking of it as an investment, real estate might be cooling down a bit
I mean I absolutely would not. My partner and I make close to $250k and wouldn’t buy a house for that much. Do you have debt on your current home? Is all of that $300k going towards a down payment or is there a mortgage to pay off?
My household take home pay is around $19k/month and we bought a house at the end of 2020 for $425k (current Zillow est is 580k).. so our mortgage pymt is $2.2k on the $340k loan. When we bought the house our take home was probably closer to $13k/month and we were hoping to be closer to $400k on a house.. to me your numbers sound tight. I wouldn’t personally feel comfortable with a house payment eating up that kind of cash each month, with only $20k in emergency fund.
😂 thanks for the offer - we have a nanny to keep our house functioning! My husband and I are both fully remote and in director roles so life gets crazy.
$160k isn’t a lot of money for you and your wife, kids and a $4k/month mortgage. Also don’t waste your $300k on a down payment especially looking at the RE market right now
I should clarify the 300k down is what I currently have in my current house
I don’t think it’s insane in general, but it dies not make sense to buy a property in this market.