Forum Replies Created
-
AuthorPosts
-
DaCounselor
ParticipantBe sure to investigate and compare insurance costs for a leased car versus a used car. Leases often require substantial amounts of coverage that go beyond what you may normally select, and any extra costs should be factored in your analysis.
I will say, for whatever it’s worth, that I have been lured to at least consider leasing by the thought of driving a new luxury car every few years. However, after crunching the numbers I always come back down to earth and end up purchasing a late model used (uh, excuse me, I mean “pre-owned”) car. I can say that over the past 12 years I have saved a large sum of money by going used while still driving excellent cars.
DaCounselor
ParticipantBe sure to investigate and compare insurance costs for a leased car versus a used car. Leases often require substantial amounts of coverage that go beyond what you may normally select, and any extra costs should be factored in your analysis.
I will say, for whatever it’s worth, that I have been lured to at least consider leasing by the thought of driving a new luxury car every few years. However, after crunching the numbers I always come back down to earth and end up purchasing a late model used (uh, excuse me, I mean “pre-owned”) car. I can say that over the past 12 years I have saved a large sum of money by going used while still driving excellent cars.
DaCounselor
ParticipantBe sure to investigate and compare insurance costs for a leased car versus a used car. Leases often require substantial amounts of coverage that go beyond what you may normally select, and any extra costs should be factored in your analysis.
I will say, for whatever it’s worth, that I have been lured to at least consider leasing by the thought of driving a new luxury car every few years. However, after crunching the numbers I always come back down to earth and end up purchasing a late model used (uh, excuse me, I mean “pre-owned”) car. I can say that over the past 12 years I have saved a large sum of money by going used while still driving excellent cars.
DaCounselor
ParticipantMy advice is to max out your 401K contributions every year, especially at your age. The contributions are not taxed, thereby providing an instant return and more capital to earn investment income from. The contributions will also grow tax-free until they are withdrawn. The contributions are periodic by nature and therefore provide the benefit of dollar cost averaging.
I would caution you to think carefully about how much weight to place on outright guesses as to what the government may or may not due regarding future tax rates. Forecasting what the government will have in place in this regard 30 or 40 years from now may be a fool’s errand.
My own 401K is heavily weighted toward an S&P 500 index fund (40%), which you have as an option in your fund selections. I would encourage exposure to small cap stocks as well.
I’m a big advocate of 401K’s. I started investing early but didn’t max out, and really wish I had. I may be wrong but I would doubt that you will look back in 10, 20, 30 years and say “damn, I wish I contributed less money to my 401K”. But, to each his own.
DaCounselor
ParticipantMy advice is to max out your 401K contributions every year, especially at your age. The contributions are not taxed, thereby providing an instant return and more capital to earn investment income from. The contributions will also grow tax-free until they are withdrawn. The contributions are periodic by nature and therefore provide the benefit of dollar cost averaging.
I would caution you to think carefully about how much weight to place on outright guesses as to what the government may or may not due regarding future tax rates. Forecasting what the government will have in place in this regard 30 or 40 years from now may be a fool’s errand.
My own 401K is heavily weighted toward an S&P 500 index fund (40%), which you have as an option in your fund selections. I would encourage exposure to small cap stocks as well.
I’m a big advocate of 401K’s. I started investing early but didn’t max out, and really wish I had. I may be wrong but I would doubt that you will look back in 10, 20, 30 years and say “damn, I wish I contributed less money to my 401K”. But, to each his own.
DaCounselor
ParticipantMy advice is to max out your 401K contributions every year, especially at your age. The contributions are not taxed, thereby providing an instant return and more capital to earn investment income from. The contributions will also grow tax-free until they are withdrawn. The contributions are periodic by nature and therefore provide the benefit of dollar cost averaging.
I would caution you to think carefully about how much weight to place on outright guesses as to what the government may or may not due regarding future tax rates. Forecasting what the government will have in place in this regard 30 or 40 years from now may be a fool’s errand.
My own 401K is heavily weighted toward an S&P 500 index fund (40%), which you have as an option in your fund selections. I would encourage exposure to small cap stocks as well.
I’m a big advocate of 401K’s. I started investing early but didn’t max out, and really wish I had. I may be wrong but I would doubt that you will look back in 10, 20, 30 years and say “damn, I wish I contributed less money to my 401K”. But, to each his own.
DaCounselor
ParticipantMy advice is to max out your 401K contributions every year, especially at your age. The contributions are not taxed, thereby providing an instant return and more capital to earn investment income from. The contributions will also grow tax-free until they are withdrawn. The contributions are periodic by nature and therefore provide the benefit of dollar cost averaging.
I would caution you to think carefully about how much weight to place on outright guesses as to what the government may or may not due regarding future tax rates. Forecasting what the government will have in place in this regard 30 or 40 years from now may be a fool’s errand.
My own 401K is heavily weighted toward an S&P 500 index fund (40%), which you have as an option in your fund selections. I would encourage exposure to small cap stocks as well.
I’m a big advocate of 401K’s. I started investing early but didn’t max out, and really wish I had. I may be wrong but I would doubt that you will look back in 10, 20, 30 years and say “damn, I wish I contributed less money to my 401K”. But, to each his own.
DaCounselor
ParticipantMy advice is to max out your 401K contributions every year, especially at your age. The contributions are not taxed, thereby providing an instant return and more capital to earn investment income from. The contributions will also grow tax-free until they are withdrawn. The contributions are periodic by nature and therefore provide the benefit of dollar cost averaging.
I would caution you to think carefully about how much weight to place on outright guesses as to what the government may or may not due regarding future tax rates. Forecasting what the government will have in place in this regard 30 or 40 years from now may be a fool’s errand.
My own 401K is heavily weighted toward an S&P 500 index fund (40%), which you have as an option in your fund selections. I would encourage exposure to small cap stocks as well.
I’m a big advocate of 401K’s. I started investing early but didn’t max out, and really wish I had. I may be wrong but I would doubt that you will look back in 10, 20, 30 years and say “damn, I wish I contributed less money to my 401K”. But, to each his own.
DaCounselor
ParticipantMy advice is to max out your 401K contributions every year, especially at your age. The contributions are not taxed, thereby providing an instant return and more capital to earn investment income from. The contributions will also grow tax-free until they are withdrawn. The contributions are periodic by nature and therefore provide the benefit of dollar cost averaging.
I would caution you to think carefully about how much weight to place on outright guesses as to what the government may or may not due regarding future tax rates. Forecasting what the government will have in place in this regard 30 or 40 years from now may be a fool’s errand.
My own 401K is heavily weighted toward an S&P 500 index fund (40%), which you have as an option in your fund selections. I would encourage exposure to small cap stocks as well.
I’m a big advocate of 401K’s. I started investing early but didn’t max out, and really wish I had. I may be wrong but I would doubt that you will look back in 10, 20, 30 years and say “damn, I wish I contributed less money to my 401K”. But, to each his own.
DaCounselor
ParticipantI was thinking the same thing as Bugs…but of course in true Piggington style there are discussions well ahead of the curve here.
As for a bounce-back, I have to disagree with coop on this – I and many I know who have been investing in real estate for several decades are sitting by calmly, knives and forks in hand, waiting to feast on future opportunities in real estate.
DaCounselor
ParticipantI was thinking the same thing as Bugs…but of course in true Piggington style there are discussions well ahead of the curve here.
As for a bounce-back, I have to disagree with coop on this – I and many I know who have been investing in real estate for several decades are sitting by calmly, knives and forks in hand, waiting to feast on future opportunities in real estate.
DaCounselor
ParticipantI was thinking the same thing as Bugs…but of course in true Piggington style there are discussions well ahead of the curve here.
As for a bounce-back, I have to disagree with coop on this – I and many I know who have been investing in real estate for several decades are sitting by calmly, knives and forks in hand, waiting to feast on future opportunities in real estate.
DaCounselor
ParticipantI was thinking the same thing as Bugs…but of course in true Piggington style there are discussions well ahead of the curve here.
As for a bounce-back, I have to disagree with coop on this – I and many I know who have been investing in real estate for several decades are sitting by calmly, knives and forks in hand, waiting to feast on future opportunities in real estate.
DaCounselor
ParticipantI was thinking the same thing as Bugs…but of course in true Piggington style there are discussions well ahead of the curve here.
As for a bounce-back, I have to disagree with coop on this – I and many I know who have been investing in real estate for several decades are sitting by calmly, knives and forks in hand, waiting to feast on future opportunities in real estate.
-
AuthorPosts
