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Link to fund prospectus?
NT: Official Personal Finances Thread
Link to fund prospectus?
antidope
Supporter
- 63,427
- 67,766
https://www.gsam.com/content/gsam/u...r/gs-short-term-conservative-income-fund.html
Looking at the expense ratios it really only makes sense if you can get into the institutional shares otherwise there isn't that much of a pickup in yield after fee.
antidope
Supporter
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- 67,766
I've pretty much made up my mind on what I'm going to but I'm curious as to what you guys think about this "dilemma"
I'm moving to a new apartment in January and it will be substantially more expensive than the one I live in now since I will no longer have roommates. Did some rebudgeting and I can 100% handle it now, but I did also consider completely paying off my car now by taking money out of savings to do so. I feel no pressure to pay it off, but I don't like carrying debt in general, and the extra "Free cash flow" would give me one less thing to worry about month by month. Its a five year loan but I'm paying more than the min and will done in less than three years. 5.22% interest if that matters.
What would you guys do?
I'm moving to a new apartment in January and it will be substantially more expensive than the one I live in now since I will no longer have roommates. Did some rebudgeting and I can 100% handle it now, but I did also consider completely paying off my car now by taking money out of savings to do so. I feel no pressure to pay it off, but I don't like carrying debt in general, and the extra "Free cash flow" would give me one less thing to worry about month by month. Its a five year loan but I'm paying more than the min and will done in less than three years. 5.22% interest if that matters.
What would you guys do?
antidope
Supporter
- 63,427
- 67,766
https://techcrunch.com/2018/12/13/robinhood-free-checking-and-savings-accounts/amp/
This belongs here as well.
This belongs here as well.
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this sounds enticing but they are not secured yet so if they lose their money our money goes with them
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Not sure if I'd trust my debit/checking to a company named "Robinhood".
Something about that just doesn't vibe
Strictly for fun account where I don't care what money I lose on stocks/options
antidope
Supporter
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- 67,766
I believe they're **** insured so you're good up to $250K
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The SIPC says there aren't.
antidope
Supporter
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Yea you're right. I was just going off the RobinHood site.. They're wildin for that
https://www.bloomberg.com/news/arti...erious-concerns-about-robinhood-s-new-product
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if i were you calculate on how much interest are you paying. 5.22% x debt remaining (i think) if you think you can stomach that then just let it ride, if not, then pay it off. We did the same thing we bought a car over the weekend and our rate was 2% for 2 years with half down, we were gonna just pay it off, but rather pay it off in 3 months just incase. we were going to save 500+ if we finish the loan term 2 years.
Also see if theres a fee for early loan repayment, us is 75$ dollars if we pay it off before the loan is up.
antidope
Supporter
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- 67,766
There isnt one. I can handle it just fine at present, I'm already six months ahead on the payments. I really just dont like carrying debt. The incremental savings I'd capture by paying it off is like $300 last I check which is truly why I haven't bothered.
antidope
Supporter
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- 67,766
For people who keep all their savings in an online bank how much cash do you keep in checking? I keep about two months of rent plus expenses at all times but my brother thinks thats too much. I am just fearful of something crazy happening then I have to pull cash out and not have enough for rent if I'm only keeping a month on hand.
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I keep a month's worth of bills in my checking at all times.
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IMO, two months sounds about right.
antidope
Supporter
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I have a substantial emergency fund but now I would like to operate under the assumption that I will never touch it until it's house down payment time which is why I say two months
cs02132
Supporter
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Paid my car off the other day
Got it in April, put down half and financed the rest. Decided to save up and pay it off ASAP. Don’t want those ************* making $$ off me
Paid it off before 50k miles too. Feels good
Then I had to drop 700 on brakes the same week
Got it in April, put down half and financed the rest. Decided to save up and pay it off ASAP. Don’t want those ************* making $$ off me
Paid it off before 50k miles too. Feels good
Then I had to drop 700 on brakes the same week
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They can do whatever they want. They can lower it based on other usage on other cards. They can lower it due to “business needs”. They can lower it if the suddenly don’t like your name. They can lower it based on risk and thinking you might run up your card.
antidope
Supporter
- 63,427
- 67,766
I've been debating just pulling money out of my savings and doing this. At my current rate I'd be done two years from nowPaid my car off the other day
Got it in April, put down half and financed the rest. Decided to save up and pay it off ASAP. Don’t want those **********ers making $$ off me
Paid it off before 50k miles too. Feels good
Then I had to drop 700 on brakes the same week
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Nothing to debate. Just do it. You'll build that savings up quickly again with no car payments and interest.
antidope
Supporter
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- 67,766
The yield on my savings is double the amount of interest on the loan at this point but I feel you. Every month I take the interest from my savings and throw it on top of whatever I pay
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We are not a business and it’s as important to mentally feel good as it is to make super perfect financial decisions.
I’m like you - I hate carrying debt. I also for a profession understand the nuances of finance and the great benefit leveraging debt can have. In my personal life if I can pay something off (eg a car, etc) I always do it.
The way I look at it is would I rather my life be about small positive steps or am I okay with going down 2 steps to go back up 4. I personally prefer a smooth stepping experience and having that debt not there more than makes up for any small advantage I gain down the road.
antidope
Supporter
- 63,427
- 67,766
I've pretty much decided to wait and see how things look once I get my tax return and then go from there.
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Paid my car off the other day
Got it in April, put down half and financed the rest. Decided to save up and pay it off ASAP. Don’t want those **********ers making $$ off me
Paid it off before 50k miles too. Feels good
Then I had to drop 700 on brakes the same week
If you financed it, they just got their money quicker. They still made money off of you.
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the only time i have money in my checking is when i have to pay off my credit card bills at the end of the month which i use to pay for my daily expenses
antidope
Supporter
- 63,427
- 67,766
Pretty much do the same thing. Just trying to avoid any potential over draft
