The Finance Thread

[Jetflag]

What I do have remains fairly stable in terms of worth, so it isn't at all bitcoin levels. I don't have all that much in terms of precious metals bth, The majority of my personal savings/investments are in multible real-estate objects including my own house. As an architect i'm in that branch anyhow so it seemed like a good combo. The place me and the misses currently own actually has a morgage payoff which is less then the rent you would pay for a 40m2 student flat in the Netherlands.

 

[dmgtz96]

Welp, the fed just raised interest rates by 0.75% again. People will finance less homes and cars, or just won't consider financing large purchases at all.

 

[Progrez]

Wow your interest rates are at 4% that's crazy. At least it's not as bad as it was back in the 80's and 90's where it shot up to 17% here in Australia.

I lost $250,000 (which was my life savings) in Cryptocurrency a few years ago that's why I don't trade it in anymore and brokerage company was dodgy as well.
Strange thing was I did diversify my options and I still lost all of it.

 

[I'mpossible]

Can anyone know the best way to cash out all money from credit card (stolen)? Then withdraw money safe?

 

[Dadrgan]

What I do have remains fairly stable in terms of worth, so it isn't at all bitcoin levels. I don't have all that much in terms of precious metals bth, The majority of my personal savings/investments are in multible real-estate objects including my own house. As an architect i'm in that branch anyhow so it seemed like a good combo. The place me and the misses currently own actually has a morgage payoff which is less then the rent you would pay for a 40m2 student flat in the Netherlands.

Some useful websites for finance and money include Investopedia, NerdWallet, and Mint. These sites offer valuable resources such as financial news, advice, and tools for budgeting and tracking expenses. When it comes to finance and money, I've found that stock trading can be an interesting and potentially profitable option. Some useful websites for stock trading include Robinhood, TD Ameritrade, and E-Trade.

 

[miafricker]

Wow your interest rates are at 4% that's crazy. At least it's not as bad as it was back in the 80's and 90's where it shot up to 17% here in Australia.

I lost $250,000 (which was my life savings) in Cryptocurrency a few years ago that's why I don't trade it in anymore and brokerage company was dodgy as well.
Strange thing was I did diversify my options and I still lost all of it.

What did you invest in?
I had Luna only, we all know what happened to it... Next time i will be more selective and maybe even ask fr a professional help, just to be sure. Was reading Amscot Financial reviews the other day and think that these guys might have some valuable advices when it comes to investing.

 

[Progrez]

What did you invest in?
I had Luna only, we all know what happened to it...

It was with various companies but it was through IG markets they are so dodgy. But out of the blue they stole everything I had. I've recovered about 1% of how much I lost.

 

[Progrez]

How are your precious metals investments doing today? I think these are starting to look more attractive especially during periods of runaway inflation, like the past year

I wish I had invested in gold. I would have a made a lot in terms of investing there and silver too. I am thinking of playing in the US market and see how I go

Gold keeps reaching new heights. Here’s why investors should proceed with caution

The yellow metal has been on a continued tear, but prudence may be warranted.

www.morningstar.com.au

Can anyone know the best way to cash out all money from credit card (stolen)? Then withdraw money safe?

C'mon dude, I wouldn't recommend doing it here though maybe working as a call centre operator???

 

[Progrez]

Welp, the fed just raised interest rates by 0.75% again. People will finance less homes and cars, or just won't consider financing large purchases at all.

They have similar monetary policy here as well. The unfortunate thing is that both home and cars have become too expensive and people have to rely on renting now.

https://propertyupdate.com.au/australias-hidden-retirement-trap/

 

[dmgtz96]

Welp, the fed just raised interest rates by 0.75% again. People will finance less homes and cars, or just won't consider financing large purchases at all.

Ha, interesting seeing this comment after so many years. This is when I financed my car, and I tried to pay it off as soon as I reasonably could. Saved myself about $2,500 in interest just by doing that.

and yes, car sales haven’t been doing so hot compared to the 0% interest rates era, but that also happened due to layoffs, economic instability, and so on

 

[Progrez]

Ha, interesting seeing this comment after so many years. This is when I financed my car, and I tried to pay it off as soon as I reasonably could. Saved myself about $2,500 in interest just by doing that.

and yes, car sales haven’t been doing so hot compared to the 0% interest rates era, but that also happened due to layoffs, economic instability, and so on

I would have thought you would have more money in the pocket, especially since you have an electric car. The money being saved in petrol would be a lot and you could easily be earning compound interest on that. Saying that I think the cost of charging the car would increase.

 

[Ar7]

Unless you have significant starting capital no investment strategy will make you wealthy or financially free. The only way to become wealthy is to work and be very good at what you do.

You need at least a million in investment capital to consider advanced solutions and even that amount is a bare minimum. Everything until that figure should simply be invested in stock index funds.

That’s it

 

[dmgtz96]

I would have thought you would have more money in the pocket, especially since you have an electric car. The money being saved in petrol would be a lot and you could easily be earning compound interest on that. Saying that I think the cost of charging the car would increase.

Yes, my car’s charging costs are negligible. At most, I will spend $40-50 in any given month, which is much less than what a comparable performance gasoline vehicle would have cost.

 

[Progrez]

Yes, my car’s charging costs are negligible. At most, I will spend $40-50 in any given month, which is much less than what a comparable performance gasoline vehicle would have cost.

I am thinking of getting an electric car so I can spend that money on buying more vinyls and cds

 

[Dyon]

I am thinking of getting an electric car so I can spend that money on buying more vinyls and cds

Spending money on buying physical media is ALWAYS a good idea Although my family strongly disagree

 

[Progrez]

Ha, interesting seeing this comment after so many years. This is when I financed my car, and I tried to pay it off as soon as I reasonably could. Saved myself about $2,500 in interest just by doing that.

and yes, car sales haven’t been doing so hot compared to the 0% interest rates era, but that also happened due to layoffs, economic instability, and so on

Here it's increased 4.35% interest rate.

 

[Progrez]

1. Thinking, Fast and Slow (Kahneman & Tversky) 2. The (Mis)Behavior of Markets (Mandelbrot) 3. Inside the House of Money (Drobny)