The New “What did you do with your Z today” (with off topic replies) XXXVI

Ghostvette · 06-08-2020, 08:56 AM

Quote:

Originally Posted by Pintsize725

Morning all. Watching Tesla today on fidelity. Missed out on the jump this morning.

I bought some Southwest airline stock the end of May. It's up enough that I've made back the broker fees.

Pintsize725 · 06-08-2020, 09:01 AM

Quote:

Originally Posted by Ghostvette

I bought some Southwest airline stock the end of May. It's up enough that I've made back the broker fees.

I'm trying to increase my balance for a home down payment next year. We're only at 7k in my Rollover IRA but I think my spouse is at about 4k in his money market. I need to figure out what to invest my Tesla gains into.

Ghostvette · 06-08-2020, 09:07 AM

Quote:

Originally Posted by Pintsize725

I'm trying to increase my balance for a home down payment next year. We're only at 7k in my Rollover IRA but I think my spouse is at about 4k in his money market. I need to figure out what to invest my Tesla gains into.

I see. With the market being down, it's hard to figure out where to go next. Research is tough to do, Morningstar has the best (in my opinion) information, I look at 5 year performance over 1 year performance. It gives me the best idea of how a stock or fund performs.

When it comes time, look at FHA loans. Those are available at 0 down, but there can't be any repairs that have to be done on the house for them to approve it. It's a little more paperwork, but it would help you avoid the penalties on pulling money out of an IRA.

Pintsize725 · 06-08-2020, 09:12 AM

Quote:

Originally Posted by Ghostvette

I see. With the market being down, it's hard to figure out where to go next. Research is tough to do, Morningstar has the best (in my opinion) information, I look at 5 year performance over 1 year performance. It gives me the best idea of how a stock or fund performs.

When it comes time, look at FHA loans. Those are available at 0 down, but there can't be any repairs that have to be done on the house for them to approve it. It's a little more paperwork, but it would help you avoid the penalties on pulling money out of an IRA.

That's exactly my plan with FHA.

bunk · 06-08-2020, 10:45 AM

Quote:

Originally Posted by Pintsize725

I'm trying to increase my balance for a home down payment next year. We're only at 7k in my Rollover IRA but I think my spouse is at about 4k in his money market. I need to figure out what to invest my Tesla gains into.

Interest rates went up last friday from a better than expected employment report. I just pad off a bunch of credit cards and scrambling to lock in a better interest rate before it goes up again.

Hotrodz · 06-08-2020, 11:48 AM

Quote:

Originally Posted by bunk

Interest rates went up last friday from a better than expected employment report. I just pad off a bunch of credit cards and scrambling to lock in a better interest rate before it goes up again.

**** I need to do this ASAP!

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