Showing results:
Displaying 1 - 49 of 49
Retirement Planning
Hi all, I wanted to start a thread regarding retirement planning from the POV of an analyst (age 22, base 110K) and how you would best advice to go about this task. I am not a big spender and want to budget off this amount only as best as I can and use my bonus to buy real estate. Also, bonuses tend...
Investing advice for 20 year old looking to learn?
I got a thousand dollars from my grandmother for Christmas and have been sitting on it, planning to invest it but waiting to pull the trigger until I have a concrete plan. My parents have a Schwab account for me with about 75k that their person manages and I considered just depositing the check, but...
Syndicates/Investing into PE firm as an LP
Would anyone be willing to chat about their experience investing/setting up a syndicate? I have an oportunity to invest into a strong PE fund's next vintage and looking to learn more about people's experiences with syndicates
Syndicates/Investing into PE firm as an LP
Would anyone be willing to chat about their experience investing/setting up a syndicate? I have an oportunity to invest into a strong PE fund's next vintage and looking to learn more about people's experiences with syndicates
Rate my financial plan/Suggestions/Introduction
Non-target mid GPA broke boi here looking to scale long term. Had (past tense) solid capital growth plan in place: Saved about 10k from internship exiting school. Spent most on home furnishings, custom desk, LLC filing, other stuff. Net 0 10k savings still after sign on, relocation, few other...
Investing in the US before moving abroad
Looking for some personal finance advice here. I am interested in pursuing an investment opportunity within the US (preferably real estate), but I will most likely be living in Europe within the next 5 years. Should I let this deter me from building forms of passive income while still living in the...
Personal Finance Advice
Old head advice would be useful here. Starting work at a BB in NY this summer and will be on street base, don't expect my stub or real bonus to be anything extraordinary relative to other firms. Was at the bar with my future roommates a few days ago and we were talking about rent budgets, but also...
Best ways to splurge during last year of college with a decent amount of money?
Going to be somewhat vague but been playing poker "professionally" for the last year and had some success. Always been quite frugal but gonna be going into my last year of college this fall and trying to think of good ways to spend some to make it more enjoyable (already have a trip booked for the...
Young professionals, do you do your own taxes?
My parents generally always claimed me as their dependent and my mother generally filed everything herself. That being said, with various investments, capital gains, being in a different state, my tax situation has gotten too complicated for her to reasonably do. What do you all use? Local CPA?...
Hit 150K in liquid assets, now what?
Took me 2.5 yrs out of undergrad to hit 150K in liquid assets. Not anything to brag about in high finance but enough to ask the question to my more experienced peers. What would you advise your little brother to do with 150K?
How are people investing their savings/PA during a time of high inflation?
I have a stock pile of savings from the last year into the high five figures, mainly thanks to enforced living like a hermit from rolling lockdowns/WHF from Covid etc. Like most savers I am concerned by the rising inflation rates everywhere going past the 5% mark which does not appear to be...
Supporting Your Poor Parents
I suspect there's a good group of you that have navigated this... Are there any smart ways that I can provide security for my poor parents while leveraging their financial situation to increase my tax efficiency? Background: I'm early-30s and doing decently well ($500K earnings, $2M+ assets mostly...
Idiots Guide to Tax Havens
My new number one goal in life: how do I transfer all of my assets and earning potential to a tax haven? Any advice on the below, key resources to explore, and/or aspiring LEGAL tax efficiency-ers to connect with? What is the simplest process and the simplest way to wrap your head around the...
Being frugal during your last year of college?
I've saved up a fair amount after my IB internship and accepted my FT offer. I want to keep a good chunk of it saved for a car downpayment but am wondering if I'm thinking about money the right way. Part of me thinks I should just ball out for my last year in college, but shouldn't I also stay...
Best banking/investing single platform?
Hi monkeys, I am an international student, and I am looking to open a bank account I can use to receive my SA salary, but also invest what I save. I am looking for something simple and where I can hopefully have all in one place. By looking online, I have found Schwab Bank High Yield Investor...
Dogecoin ($DOGE) - Is it making anyone else sick?
So I'm sure everyone is aware of the huge surge in the price of Dogecoin in the last 3-4 months. It fucking kills me that there are actually morons with no investing or finance experience getting rich off of this intrinsically worthless joke-coin (https://twitter.com/prothedoge?lang=en) AND then go...
Personal finance / investing books for young finance professionals
I will start working as an IBD analyst in London from July 2021. This will be the first time I will earn enough money to save / invest a considerable amount of my income. While I obviously know quite a bit about the financial industry in general, I am well aware that personal finance / investing is...
Personal finance / investing books for young finance professionals
I will start working as an IBD analyst in London from July 2021. This will be the first time I will earn enough money to save / invest a considerable amount of my income. While I obviously know quite a bit about the financial industry in general, I am well aware that personal finance / investing is...
8 personal finances tips for analysts
Background: my parents never taught me anything about personal finance, so when I got my first job out of college I was quite shocked to learn that some of my peers were already very financially savvy. Over the last couple years, I've absorbed a lot of knowledge from other people and learned...
How much did you save as an investment banking analyst?
Just wanted to see how much everyone is saving. I'll go first. Zero. Some people just seem better at saving (or not spending) Here's a girl from UBS IBD (NYC) and she doesn't seem to spend her money on anything.
Trading ETF options in IB?
Hopefully I'll be able to convert my SA stint into FT, so if that happens, I'd like to invest as much of my money as possible. I understand that investment bankers can buy and sell ETFs without much of an issue from compliance, so I'm wondering if you can also trade ETF options (like SPY calls)
Help me spend my singing bonus!
Apologies for the misleading title, this is more of a personal finance question. I'm a 2Y MBA student at a good school, blah blah. I'm financing bschool & associated living/drinking/traveling expenses through student loans. This is the only debt I have. Most is with private lenders, although some is...
Personal Finance Question - Owning Stocks in IB
I know most banks have strict compliance rules as to what stocks you can buy/sell. However, if I bought a stock before starting my job and it is on the "no-trade" list for my firm, does that mean i have to sell it?
Best investing tips for beginner investors
What is the best investing tip for beginner investors you wish you knew when you started? Here are 10 investing tips for beginner investors : Acknowledge the need to invest and decide your goal . The first step is to actually understand why you need to be invested and not just keep your savings at...
Monetary solutions
We Offer suitable financial services Globally but We are based in USA,We offer loans at 3-8% interest rate,Start up Business Loan,Personal Loan,Car loan,Real Estate loan.Get back to us for more information: Website:fatakama-and-co-monetary-firm.business.site
Should You Open an IRA Before You Max Out Your 401(k)?
Hi all, Would you mind sharing your experiences/strategies on how you went about contributing to a Roth IRA and 401K? My situation: I am starting my job soon and trying to decide how to go about funding my Roth IRA with around $6,000 in it as well as my 401k which my employer matches $2,000 (which I...
Personal Finance: Credit cards/Checking/Savings accounts
Hi all, I'm about to start my first job here in a few months and am curious if anyone has any credit card they really like. I've been looking at all different types but specifically I think I want something with good cash back benefits. I considered a Delta Skymiles card but I don't travel enough to...
Wilbur Ross "Take a Loan" Comments
Heard Wilbur Ross's comments early about government employees going to homeless shelters/food banks as they are on the eve of missing a second paycheck. Just wanted to hear the finance/"Oasis" thoughts on this matter. For me, on one hand, obviously this isn't right, people should not be forced to...
Where Do You Put Your Short-Term Savings?
As the title suggests, I'm curious to see where the monkeys of WSO are allocating their savings. I just finished my first year as an analyst and having some difficulty choosing how where to put my disretionary savings. I started out saving very aggressively for retirement (think 15% to Roth and...
Personal Finance Advice for Young Professional
Hi All, I just recently graduated college and have begun my life working in the "real world". As a result, I want to make sure I am doing everything possible with my money to improve my life/future/retirement/etc. going forward. I would greatly appreciate any personal finance advice regarding...
I cant save money
Third year analyst here at an EB in NYC . Title says it all: I cannot save any money in NYC! Not blaming this on the cost of living here, although very high, my spending habits are also very poor. How do you guys manage to save money here, and for those that do, how do you keep your sanity? Sad to...
Secret Shame of Middle Class Americans
I was surprised that no one had posted this already, this article has been very popular and I've seen it pop up in multiple places. "The Secret Shame of Middle-Class Americans" Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them. Thoughts? All I can...
No 401K match - should I bother?
Hi Monkeys, Curious to get everyone's thought on this. My company does not offer a 401K match, so I'm trying to figure out what's the best bet in terms of savings. My thought is to contribute after-tax to a Roth IRA, as the fund I get through that has a much lower expense ratio than if I were to go...
The Last "what should I do with my money?" Thread (hopefully)
Since I became active in WSO several weeks ago, I've noticed a few threads on "I have this much money, what should I do with it?" And the amounts have ranged from $2,000 to $20mm, and to put it bluntly I'm tired of people giving stock tips to strangers when they have no business doing so. Now,...
After Tax Income NY vs. CA
What is the tax difference on a 85k salary and 60k bonus in NY vs. CA?
How much of your salary do you save?
Just curious, how much of ones salary should someone save percentage wise? is it worth being frugal as possible? Places like London and new York have ridiculous rent rates, do you even have much to save after paying these?
The $2,000 Question
$2,000 may not seem like a big amount of money, but if an emergency were to happen in your life, could you come up with that $2,000 quickly without having to borrow? It turns out that half of the American population can’t. According to a research by the National Bureau of Economic Research, a...
Hello From Wisconsin
Hey guys,
The Real World
I’m deviating a bit from my thematic postings today to focus on a few observations of adulthood that I’m curious to hear your input on WSO. It’s funny – we all grow up a significant amount in college, but I feel that I’ve grown more in my single year out of school than in my previous...
What's Your Personal WACC?
It’s a well-known fact that the vast majority of us finance types can do amazing things with other people’s money while consistently shitting the bed with our own. I was inspired to write a post addressing this topic today because I was trying to decide what to do with my car loan this weekend....
Hedging Your Career by Shorting Your Industry or the Market
Found a half-way interesting article (Oyer, 2006, Stanford) on the ROI of finance careers and MBAs for launching finance careers. Rather blah article and I DO NOT want to bicker about MBA ROI, but the final line stuck out to me: "The results also suggest that risk averse MBA students, especially...
Personal Finance: Credit/Debit Card, Checking/Savings Account, Index Fund
Right now, I'm 20 and I have about $20k to my name. It's all sitting in a checking account with no fees. I pay for things with a debit card. I want to start a credit card to build my credit history. I also recently opened a low-fee brokerage account and wanted to put most of my cash into an index...
Nasty Spending Habits We Should Really Avoid
Can’t resist that latest Louis Vuitton bag and MAC lipstick? Envious of your officemate’s new iPhone? Can’t live without having two or three cups of latte every day? The pleasure of having a job is having money enough for you to survive, but the unspoken truth about it is the tendency of...
Lest We Forget: Strategic Default
Strategic default hasn't been making much news lately, the housing market narrative having moved to the MERS mess and the various facets of Fraudclosure. So I was a little surprised to read that the Mortgage Bankers Association held a panel on strategic default last week at their National Mortgage...
Do you think taking out a mortgage this year is a good idea?
In particular when considering buying real estate in London (flats, houses....). Interested to hear what London dwellers think about the property market in the UK + UK public finances + UK growth prospects coupled with the prospects of a career in finance on this lovely island...
Stupidest personal finances you've heard of
A manager I had when I worked at Wendy's was 26 years old had worked at Wendy's for 8 years. He also lived with his mom, he said that his most valuable asset was a 2010 Acura Tsx. What are some personal finance stories that you've heard of or committed yourself?
Perfect Credit? You're Screwed.
Imagine going into your favorite retailer and when you're checking out, the clerk asks if you want to apply for their in-store credit card to save 10% on your purchase. Why not, you think, and you quickly submit the application. It comes back declined. That's not possible, you explain, I have...
Do you typically owe taxes as an analyst?
I just filed my taxes (using TurboTax) and it turns out i owe taxes. I'm a second year analyst so last calendar year was my first full year of work (during which I received my bonus). The standard amount of taxes is already withheld from my paycheck (I claim no dependents and don't do anything...
Will this investment tracking tool make private wealth management douchebags extinct?
We all know the name of the game for private wealth managers- schmooze the client, just perform average, send the client flowers on their birthday, get paid, and in general being a big tool. This new tool by Wikinvest can finally put wipe them out (at least some of the worst ones). Similar to Mint,...
or Want to Sign up with your social account?