With all the talks about GME, AMC, NOK, a smart investor gets out before the music stops. If Chamath was on our side he would have exercised his options and held the stock and not sold the next day. He is not one of us, he is just anti-WallStreet. Do not put money you cannot afford to lose and no margins.

Any investors in the NYC area?

I am retiring from real estate! It's been 40 long years of working in this field and I'm so grateful for everything I've learned. To the young and rising realtors out there: It's definitely worth it, don't give up and eventually things will get better. If you have any questions feel free to ask them!

I recently changed jobs and my new 401K provider - Principal has very limited MF investment options. My prior employer’s 401K was managed by Fidelity and provided me access to a range of MF options. I believe that the fund options are negotiated by the employer and provider? Two questions. First - I have not rolled over my previous 401K to the new one. Would there be any problems. Second - is there a way I could move my current 401K to another (precious) provider?

If I did a wash sale and repurchased shares within a few days and then sell 30+ days later for a loss, will I still be able to harvest the tax loss? Or does IRS disallow or require me to claim that the following yr?

I am an associate at an AM200 firm and was (IMO) very clear prior to accepting this role that I value work-life balance and wanted to try to keep work at night on the weekends to a minimal, but since February, it seems like it’s always something that requires my time as needed disregarding “business hours” or my personal schedule. Thoughts on whether to bring this up or continue to be a team player until I burn out and pay off my student loans?

How much is an acceptable down payment for a home? I've seen some great listings asking for 10%, whereas some others are requesting up to 50%. Is this normal and what does it depend upon?

Do you guys claim Home office expenses when doing taxes?

Lol been locked out from my Robinhood account since December 2019 finally cared enough to login.. damn Tesla 😍pleasantly surprised with 400%+

I’ve always avoided annuities but think this one from NY Life is interesting. It’s called a Variable Investment Fund and you can add an Investment Preservation Rider for a fee. The IPR guarantees your investment return will at least be the cash you put in.

Typical portfolio returns about 7.5% after all fees. The commission fee is 2%.

So you are attenuating some upside and paying a pretty hefty fee, but you are insuring agains the downside.

Thoughts?

How much money do you have to make to feel comfortable buying a M4, AMG C63, or a RS5, or a 911? Can you actually buy one in your 30s (manager/ senior manager level)? Or can only partners/senior directors/SVP afford to buy these nice cars in this profession ?

Offtopic:
Any WhatsApp group of stock/option traders?
Am an option seller and looking forward to connect to like minded people.

Anybody have an investment property? My father and I bought a small family property near my grandmother, far away from us. My Dad always teased that he can now deduct the travel when he goes to visit his mother, because he'll stop by the property and do some light maintenance.

I've been teasing back that that would be a good way to commit tax fraud. But this year I noticed that one of the deductions TurboTax explicitly prompts you to take is. . . airfare!

Is it legit to deduct this travel?

For those that choose to invest in real estate what is the approach on finding a good investment property to rent out? I would like to buy my first investment property but do not know where to start. Any guidance/ link it s really appreciated, thanks!

Making $130k base in TX, can I afford a $60k car? Or should I move to a city where I don't need a car?

What should I do if I want to open my own real estate company?

How do people here reduce their tax bills? Me and my SO earn about 400k gross and take standard deduction. We don’t own real estate, only S&P500.

Noob Q - Deloitte 🐠 can we use coinbase?

Those in NYC - when do you think we will go back to office? September?

Fishes, what are all the things you wish someone had told you earlier in your career that you've serious suffered from not knowing? My misery needs company

As an interviewer what was the things that candidates did/said that makesyou cut them out of the process! not crazy experiences... it would be nice to see perspective from the other side & ...

Isnt it fucked that stopping work at a normal hour has become the exception rather than the rule? How do you cope with being overworked and setting boundaries?

Red flags in a portfolio?

I’m planning on leaving my firm at the end of the year. I know the general advice is to take the high road and say it’s just really good opportunity and not say anything negative, but what about the partners who have been absolutely awful to me? Just say nothing to them, or suck it up and say something nice?

Anyone else at a firm so rooted in the past that you’re embarrassed explaining it to other attorneys?

Example: We are 10 months into COVID and my firm still hasn’t decided on/implemented a video meeting platform (Zoom, Teams, etc.). So if I want to have a video meeting I have to ask the other party to use their video services. And it’s not at all a funding issue.

I see so much room for growth in my firm, especially related to social media, updated technology, marketing strategies, etc. Except, every time I suggest them, I'm pegged as a greedy/pushy millennial. Told by the older partners, "back in our day" or "we tried that years ago" and am quickly dismissed. I referenced other firms initiatives and was told it was clear I was not happy where I am, so I should go... Anyone else struggling with this?

Anyone in PwC FDD in the NYC office willing to have a quick convo?

Is it unprofessional to do an online interview from your phone?

How is recruitment at your mba? Getting no interview/job here and feeling down

What is the most difficult thing about your job? Personally, I’m not a huge fan of presenting my work but it’s just something thats’ gotta get done

Hi Fishes,
I wanna learn core java + spring boot to become a Full stack developer. In frontend I'll be using Angular.
Can someone please guide me because I'm not able to find a course covering all the topics. They're missing some or the other topic.
It would be very helpful if someone can guide me and let me know how I can learn and be good at core java and spring boot.
Thankyou, please reply.

When the S&P 500 is hitting New all time highs every day but your portfolio full of tech stocks in still down -20% from highs

Hi fishes
I have been currently recruited from my college for ey India for joining in year 2023
But i have not received my offer letter yet how long it takes any idea

I am trying to create a formula based on data type geography. I want to ba able to write if(cell=NY,,) but I get #value.

How do I get formula to recognize the text of a geography data type?

good morning...4th yr teaching 1st year teaching kindergarten. Coming from 1st to kinder will there be a huge difference?

For those that choose to invest in real estate what is the approach on finding a good investment property to rent out? I would like to buy my first investment property but do not know where to start. Any guidance/ link it s really appreciated, thanks!

Noob Q - Deloitte 🐠 can we use coinbase?

Anyone else’s Roth IRA on Vanguard incorrect ? Mine jumped from $24k to $60k on Friday😅

I’m an attorney trying to learn about finance and economics. I didn’t take any economics courses in college and don’t have any experience in that area. What books or other resources would you recommend for a beginner? I’m not looking for investment guides.

Asking for some advice on an offer received… my current company base gives me 112k, 9 holidays, 20 pto days, 6% match on 401k and employee share purchase plan, individual bonus up to 8.5%. The new offer received is as follows: 110k base, 11 holidays, unlimited pto days, 25k in RSUs vested 100% after 4 years, no 401k match, annual performance bonus up to 7.5% with possibility to exceed it, basic medical, dental, vision plan covered by company. Thoughts on if the external offer sounds competitive?

Does Bank of America do a Mega Back door 401K?

Any ETF suggestions for the long term?

Finally hit the Adjusted Gross Income limit on my Roth IRA this year. Is it fair to say that I’m no longer allowed to contribute to my Roth IRA so long as I can keep making > $140k every year?

Changed my brake pads and rotors last night on my car - really wasn’t that hard and I saved myself at least $300, $800 vs what the dealer was charging. Also got a nice sense of accomplishment out of it!

A lot of basic skilled labor can be worth learning and can really save you a lot of money. Most contractors in my area are often north of $100/hr for labor. I’ve often found the quality of my work to be better too. I think more folks shouldn’t be scared to get their hands dirty sometimes

What are your favorite personal finance books? I just read Rich Habits and really liked it. I am also reading the Psychology of Money. Looking to read some more!

Any recommendations for life insurance product...typically the group insurance from employer doesn't appeal much as it's bind with them. What should one look for outside. Asset under consideration..350k home loan and 70k car

Dumb question: investing in the market vs buying a house for investment? Which one you choose and why?

When people say you should be saving at least 20% of your annual income, does that include 401k, Roth IRA & other investments (Ex. RSUs)? Or does the 20% savings need to be additional to these?

This may be an elementary question, but my credit score just randomly dropped 20 points. I keep my utilization very low. Almost all of my financial transactions are on my credit card, and I pay everything off by each statement. One month I didn’t get a chance to pay everything off because there were some transactions made on my statement date that I was not able to pay off because they were listed as pending. This resulted in my utilization going up to 6%. My credit score did not change (cont).

Rental eviction moratoriums end in Jan 2021. Should I buy rental property now or wait? Budget: 120k

Has anyone signed up for The Points Guy (TPG) App? I don’t like how much data I would be giving the app access to

Are people selling right now?

What does it even mean when an employer offers 3% match on 401k?? They contribute 3% of what I contribute or what I earn overall? And monthly or annually? Thanks, basic brain here.

At what point does it make sense to buy an apartment instead of renting one? Consider a single 26 M, income of ~200K per year with $125k saved, just moved to NYC from LCOL city but not sure if I'll be here long-term

Looking to purchase a condo/apartment in Miami area. Any recommendations on neighborhoods and comps for each?
As a background, I’m a 28F with no kids.