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Now if only we could get employers to give us an entire year's worth of pay upfront, on Jan 1, for the sake of not doing sub-optimal DCA investing, or better yet, give us 3 to 5 years upfront.
just because someone can't do something themselves does not mean that the choices are not better ideas . lump sum generally beats dollar cost averaging time and time again and by a lot unless you find an exceptional time frame .
that has nothing to do with whether you have the money to lump sum or not , many do .
it is a simple concept . markets are up 2/3's of the time and down only 1/3 for the most part .
that means over time you will be buying less and less shares as the prices rise .
unfortunately those just starting out don't have a lump sum yet to plunk down to influence things enough
you didn't , but that comment about lump sum is always met with but if employers only paid us in a way to lump sum , or i can't lump sum or the totally mi-informed view that dollar cost averaging works better
i don't hate bitcoin at all , i will trade anything i can make money in for my fun trading . , in fact i entered a limit order today for gbtc at 17.75 . it was 17.82 before .
with bitcoin down almost 50% i would say it crashed already . if the dow fell by 50% from the high i think those are the words we would be hearing .
the order executed much to my surprise today . here goes attempt #2
you didn't , but that comment about lump sum is always met with but if employers only paid us in a way to lump sum , or i can't lump sum or the totally mi-informed view that dollar cost averaging works better
It's not always met with that, not by me. You've posted the lump sum thing dozens of times (possibly more). I've made my employer comment a couple of times.
Now if only we could get employers to give us an entire year's worth of pay upfront, on Jan 1, for the sake of not doing sub-optimal DCA investing, or better yet, give us 3 to 5 years upfront.
Works for me. And if only we could get tenants to give us landlords an entire year's worth of rent upfront on Jan 1....
believe it or not most states forbid it even if a tenant wants to .many states consider anything more than 2 or 3 months rent a security deposit and most states have a cap on how many months security a landlord can ask for
believe it or not most states forbid it even if a tenant wants to .many states consider anything more than 2 or 3 months rent a security deposit and most states have a cap on how many months security a landlord can ask for
First, last and sometimes "first as a security deposit, plus first again" can be a hell of a hurdle even if the nominal rent is within your means. Which is why so many renters bite the annual jump in rate rather than move... they may not be able to.
on our non stabilized apartments i always get first months rent , last months rent and a rent security .
to many tenants do not pay the last month's rent and the landlord gets stuck holding no security .
if a tenant can't come up with the 3 months i don't want them . i don't need tenants living hand to mouth and one bump in the road and it is my problem too.
if a tenant can't come up with the 3 months i don't want them
You don't say.
Quote:
in 30 years i never had one tenant object
Because it's a universal practice that effectively screens out that awful lower tier of tenant... you know, the ones that prefer to feed their family rather than give you a couple of months salary to hold indefinitely.
Yes, it's reality. But I've known too many landlords, too.
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