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4/15/2022
Topic:
US Series I Savings Bonds - buy in April 2022

azphx1972
Posts: 44
PSA - For qualifying entities (US citizens, residents, civilian employees of the US, their children, and certain trusts) with spare cash laying around. the US Series I Bond's variable rate will rise to 9.62% with the May 2022 reset. That means if you buy before the end of April 2022, you will get 7.12% for the first 6 months and 9.62% for the second 6 months. You can buy up to $10k annually per person at the TreasuryDirect web site, and up to $5k in paper bonds with your federal income tax refund. You have to hold the bonds for at least 12 months, and bonds held less than 5 years are subject to a 3 month interest penalty.

Anyone else buying or have bought already?
11/28/2021
Topic:
Anyone panicking?

easychange
Posts: 1
easychange
Posts: 1
Topic: Anyone panicking?
njhowie wrote:
The stock market is now going separate the men from the boys (sorry, don't mean to be sexist, but that's the phrase).

I've contended for a long time that too many folks are in the market who shouldn't be, allocating too much of their net worth to the market. The masses do not appreciate the risks of "investing" and that you can lose money, potentially all of it. That realization is only just beginning.

...

The US markets could fall another 15% to 20% from where they sit today - possibly even another 50%...it's anyone's guess. What is assured, is that the path higher going forward will be long and difficult. The peak seen just a few weeks ago may not be seen for another 5 or 10 years.
...
As I feel some camaraderie with folks on this site, I hope that you are all well diversified in things not directly tied to the stock market and come out the other side of this better than where we are now.


Njhowie, and everyone. Hope you are all doing well! I totally see where you are coming from when you wrote this. I've snipped some pieces which I don't think are relevant to my points. In short the past two years has been a wild ride

1. Who would have guessed that Crypto was going to become such a force prior to the pandemic? Now they buy naming rights to ballfields?
2. Who would have guessed we'd see several FED officials resign over trading scandals?
3. Who would have thought we'd continue to see so many highs in the market? Even with an 800 point drop, it's nothing in terms of 20% like you mention. That statement alone is something that makes me take notice.

Question:
Would you be unhappy if we saw a 20% drop more-or-less across asset classes? I think that would be welcome from my perspective because it would create some room for growth upward and buying opportunities for folks like me who have cash on the sidelines.


I wonder what you and others are doing in light of preparing for increasing volatility/uncertainty:

What I'm Doing:
In short, I am dipping my toe into crypto. I'm also looking at Real Estate and other kinds of assets which are accessible now even without having the "accredited investor" label. You just have to look and keep learning.

Last question -- Is inflation impacting anything you're doing? I've personally bought some IBONDs with yields over 5% right now -- so I feel like that is a decent buy for my money that would otherwise sit in the bank.
11/5/2021
Topic:
Lots of accounts purged?

admin
Administrator
Posts: 88
admin
Administrator
Posts: 88
Topic: Lots of accounts purged?
kinless wrote:
Looks like it might be time for another round of purging.

We purged (and scheduled it to run periodically).
Hopefully you're at the top of the heap now smile
--Chris
10/30/2021
Topic:
Lots of accounts purged?

kinless
Posts: 9
Looks like it might be time for another round of purging. On the main profile list I've noticed a number of accounts that haven't updated in over a year, or it's a really old "one and done" entry. Maybe it's a thought to write some kind of self-maintenance script that checks daily and auto-marks accounts private if they go without activity for over a year (or whatever cut off is decided). Obviously frequent participation is encouraged. If the user creates a new entry (or manually turns off private) it would unhide them and reset their clock, or something like that.

Ulterior motives, of course. wink This will help some of us get closer to the top of the net worth pile faster lol.
10/14/2021
Topic:
User Profile Net Worth Breakdown Feature Request

licid9
Posts: 45
This is fantastic. Thanks for the update!
9/26/2021
Topic:
User Profile Net Worth Breakdown Feature Request

TheMoneyRat
Posts: 2
Very nice feature
9/24/2021
Topic:
User Profile Net Worth Breakdown Feature Request

labangel
Posts: 12
Looks awesome!!! Thank you admin!!!
9/24/2021
Topic:
User Profile Net Worth Breakdown Feature Request

admin
Administrator
Posts: 88
Check it out!
9/23/2021
Topic:
User Profile Net Worth Breakdown Feature Request

admin
Administrator
Posts: 88
Great idea!
We’ll implement that & roll out it!
—Chris
9/14/2021
Topic:
User Profile Net Worth Breakdown Feature Request

labangel
Posts: 12
At the bottom of each monthly entry page, there's a nice 6-month graph which breaks down my net worth by various categories: Cash, Stocks, Bonds, Retirement, Home, etc.

But on my user profile the graph only breaks down by Assets, Debts, and Net Worth. I'd like to have see user profile graph broken down by various categories so I can see how they change over multiple years.
9/1/2021
Topic:
Requested Feature

azphx1972
Posts: 44
azphx1972
Posts: 44
Topic: Requested Feature
Good idea! There can be a big difference between average and median net worth. Big Grin

Also, the old NWIQ site had an option to filter by state, which might be helpful as well since cost of living can vary greatly from state to state.

Loving this site, and thanks for all your hard work! Cool
8/31/2021
Topic:
Requested Feature

admin
Administrator
Posts: 88
admin
Administrator
Posts: 88
Topic: Requested Feature
gramity wrote:
When you are viewing your profile, there is a range from minimum to maximum for your age, occupation, education, etc. I like getting an understanding of how I would compare in these categories. However, there are definitely extreme outliers in each category for people who have amassed a gigantic net worth. There is no way to see how you compare to your peers once outliers are removed.

Would it be possible for these ranges to be shown on a bell curve (normal distribution) with your position on that curve highlighted? That would be the solution.

Please and thank you, Admin(s)!


Okay, so it's not just me? smile
That little area has nagged me for a long time...ever since we deployed it, to be honest!


I've been kicking around median/mode/standard deviations/bell curves/something totally different for a while, but haven't had a ton of time to dedicate.
I definitely have plans to change up that section, and am absolutely open to ideas like yours.
I'll see what I can do!
8/31/2021
Topic:
Requested Feature

gramity
Posts: 1
gramity
Posts: 1
Topic: Requested Feature
When you are viewing your profile, there is a range from minimum to maximum for your age, occupation, education, etc. I like getting an understanding of how I would compare in these categories. However, there are definitely extreme outliers in each category for people who have amassed a gigantic net worth. There is no way to see how you compare to your peers once outliers are removed.

Would it be possible for these ranges to be shown on a bell curve (normal distribution) with your position on that curve highlighted? That would be the solution.

Please and thank you, Admin(s)!
6/29/2021
Topic:
To retire or not to...

Gandalf77
Posts: 10
Just a quick update here. I have decided to continue for a while. I am a leader at a startup here that is growing rapidly and an IPO might be possible in 3-4 years. I think this is worth waiting for smile
4/15/2021
Topic:
Anyone panicking?

njhowie
Posts: 77
njhowie
Posts: 77
Topic: Anyone panicking?
cdrfirestraight wrote:
the opposite of prescient: njhowie



In the near-term anything can happen. In the longer term, you cannot kick the can down the road indefinitely. The government cannot simply print money indefinitely making everyone millionaires while keeping interest rates low forever. Or, actually it can, but then the cost of a moderate home will be a million dollars or more, and who will be buying? A spike in inflation has only just begun. Government and personal debt is at all-time highs and going higher. Folks thought that $20T in federal debt was a lot, yet by the end of the new administration we'll be at $30T or higher! Folks who claim the economy is roaring back are pretty funny, in that it's with the free money that the government has showered upon everyone. What meaning does an increase in GDP mean when it's entirely the same money which the government has injected in to the economy? Seriously, if the government gives you $100 for absolutely nothing in return, and you spend it, is it of any importance to the economy that your spending went up by $100? That GDP went up as a result of you using the free money to purchase goods and services? What happens when all the free money stops and GDP drops by a similar amount?

We have a drive for a $15 minimum wage. How does that help things? It will simply drive inflation even higher, again hitting the hardest for those at the bottom of the economy. How does putting a $15/hour minimum wage in place effect others who currently earn, say, $15 to $20/hour in a job which you have to do real work? Will they continue to stay in their current position working hard if they see they can be earning $15/hour for sitting around doing a mindless job? Is this how a free-market Capitalist economy operates?

Then we have the housing and rental markets, where an artificial lack of inventory props up and inflates the market. We continue to have eviction and foreclosure moratoriums in place driving reduced inventory and inflating prices of both the housing and rental markets. What happens when those moratoriums end? How many folks are forced out of their homes and are still on the hook for back rent and mortgage payments? Who eats it when those back payments never come? Maybe, like the free money which will continue to be showered on the masses, the moratoriums will simply stay in place indefinitely and landlords and lenders will be required to continue providing free housing to millions of folks with no recourse?

We have a stock market at all-time highs being driven off a tale that things are really not bad at all, and we're (still) about to turn the corner. A stock market being driven by a central bank manipulating interest rates keeping them artificially low, while folks who didn't need their stimulus checks throw them in to the stock market (or bitcoin) making huge speculative wagers. SPACS and blank check companies racing in to the stock market at a pace never seen before to raise huge amounts of capital from those same folks speculating, throwing money at them even though there is no business which they are investing in. Companies "backdooring" themselves in to being public companies through the SPACs to avoid the vetting and regulatory requirements which takes place in the traditional IPO process. This is what happens when there is too much cheap money floating around in the system. There is no sense of or acknowledgement of risk. It's always ended badly, and will this time as well.

Hey, if you believe this is all just normal, nothing to be concerned with, and everything will work out just fine, more power to you.

The day of reckoning will come. Will it come next month or next year? Who knows? But it will come, and there will be pain when it does.
4/6/2021
Topic:
Looking for a few volunteers...

licid9
Posts: 45
Thanks Chris.
I fiddled around with it and it looks great, but I was hesitant to change (customize) my categories (just yet) as I didn't want to create new line items that didn't match old line items. I'll get over that hurdle eventually and move forward with the upgrade and report back.
THANKS AGAIN!!!
4/2/2021
Topic:
Looking for a few volunteers...

admin
Administrator
Posts: 88
admin
Administrator
Posts: 88
Topic: Looking for a few volunteers...
Excellent!


I *just* opened that up for everyone a few minutes prior to you logging in smile

gammj wrote:
Just noticed I could change all the entries in various ways today. It works great! Now I don't have put assets under categories that they don't necessarily match with explanations below them.
edited by gammj on 4/2/2021
4/2/2021
Topic:
Looking for a few volunteers...

gammj
Posts: 3
Just noticed I could change all the entries in various ways today. It works great! Now I don't have put assets under categories that they don't necessarily match with explanations below them.
edited by gammj on 4/2/2021
4/1/2021
Topic:
Looking for a few volunteers...

azphx1972
Posts: 44
Just added my first entry with the new options and it looks good so far (although my finances are fairly simple). Thanks! smile
3/15/2021
Topic:
To retire or not to...

Gandalf77
Posts: 10
IntoTheFire wrote:
Replying to what sertra2002 said, you (Gandalf77) could say your job is "writer" or even "scriptwriter" if you want to be fancy smile . Might be an easy out. And who knows, maybe you'll publish some books!




Haha smile I am a terrible writer...but teaching I can do!! That is my passion.