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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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Pay off that credit card debt. You’re getting screwed there.
Until that’s done, don’t get an apartment more than 1500 per roommate
General rule is you should make at least 40x monthly rent. So in theory, about $3400 but I personally would try and keep it under $3000. You can get a good studio (or ok 1 BR) for ~3000 in most manhattan neighborhoods
Yep second this, you're not getting an apt in NYC unless you make 40x rent; they won't even let you sign.
What’s your age ?
Remember that the 40x salary doesn't consider your tax. Making over 100k you have a higher effective tax rate, meaning that if you stick to 40x, your relative savings per year go down. No reason to spend over 3k if you can do fine with under 1.5k. That's over 15k saved per year.
I would budget as low as you’re willing to and save up (or spend it elsewhere).
Okay let’s say I didn’t have these loans or after I pay off these loans?
You could pay 3k -3.5k at that point. But still seems a lot considering you travel most days.
You’ll also need to be able to put 1.5-2 months down for security deposit, and some apartments have broker fees of 15% annual rent that’s due up front (I know there were articles saying these fees were banned but I think it’s tied up in court right now so unclear what the fate of this ban will be)
Rule of thumb is 1/3 of take home should go to rent.
Eh I think like upto 2.5k should work. Depends on whether you want roomies or not and if you wanna live close to the action.
I’d say if you like alone it will probably be closer to 2.5k (maybe even 3k if it’s a really nice studio in Manhattan). You could get away with 2k with roommates.