Investment Help?
Here's my rundown, I'll ask the question at the extension.I'm 30 and married. My wife is 29. We are expecting our first child in the subsequent couple of weeks.
My wife works full-time teaching and earn $32,000/year before taxes. She get what would equal 8% of her check contributed to a state retirement, we currently put in zilch. We also have $2,500 surrounded by an IRA. I am a substitute teacher and earn roughly $15,000/year. Both incomes are in the past taxes. We put away roughly $8,000/year into savings respectively of the last 3 years.
We currently enjoy $2,325 in hoard (a) 3.0 % intereste. $16,000 in a 5 month compact disc (a) 4.67%, the due date is 6/6/08. $4,000 in a 3 month disc (a) 3.27% interest the due date is 5/6/08.
We don't own a house, but are anticipating buying one in the subsequent 6 months. We have student loans of $14,000 and $4,000, along beside a car loan of $10,000. We also own ZERO credit card debt.
Are we doing the right things with our money? Neither one of us want to risk money surrounded by markets.
Answers: I surmise you are doing great! I am not sure where you live... but you must be doing something right to hold $8000/yr saved up.
As you might own heard, Housing situation is not going to be better in the next 4 to 6 quarters(1 to 1-1/2 years). You enjoy plenty of time to shop and I suggest you take your time on that. If infant is the driving force to shop for a new home, by adjectives means, DO IT! :O)
Perhaps the most key thing is the hot arrival. Get all the sustain you can for the first 3 to 6 months. Make sure you have plenty of reserves(money) for adjectives the essentials.
On the "CDs" note - dally for all the CD's to ready before rolling it put a bet on in(you might get a better rate next to 20,000 or 25,000 cut-offs). Keep your CD short vocabulary - no longer than 2 years. I have a intuition that the Fed will not sit on this rate cut long and turn around and rise it again to fight inflation.
When things settle down a bit... risk some(10%) contained by the market is not a doomed to failure thing and slow increase until you are confortable. Keep your credit card clean(lock it up if you enjoy to) and you guys will be fine! I wish you adjectives the luck in the world and may the little one bring you a bundle of rapture.
Congratulations on your 1st child! Unfortunately, to do better than inflation, you will have to work through your anxiety of the market. With the agency things have be going lately, that can be easier said than done. The CD's you currently have could be considered your emergency fund and near a baby on the road, I'm sure there will be some out of the blue expenses! You may want to open an rationalization with a Fidelity or another low cost provider and put that money surrounded by a money market fund. In your situation you should be in your favour what you would expect your monthly mortgage, insurance & taxes would be if you were to buy a house; if you can swing that for a couple of years, buy a house. Good luck!
LIBOR rates?
is there a website that give 1 month and 3 month everyday LIBOR rates upto 4 or 5 decimals??Answers: http://www.topusasites.net/08/real-estat...
1 mo libor
http://www.bankrate.com/brm/ratewatch/1m...
3 mo libor and chart
http://www.moneycafe.com/library/3mlibor...
1 yr libor and chart
also
http://www.moneycafe.com/content/article...
http://www.moneycafe.com/library/libor.h...
bankrate.com updated about once a week
How much money (including bonus) does the average investment banker in britian get?
Answers: I have no idea what the guy above is talking about. Please don't trust someone who can't even spell.
In britian, I'm not sure, but in the states a junior ibanker makes probably 150-200K the first two years, associate makes about $350K, VP makes about $500K, Director/SVP can make about a mil and an MD can make a few million. It always depends on the market and the company. Ibankers work hard though, most people burn out by the time they're 30-35.
Well i am keen to become a multi billionaire in the future and the only way i see is the investment banker and i will tell you how to make that fourtuion well you see every year when the time to give bonuses people want to get the higest depending on the bank you could be looking at between 200 and 300 million and you must be thinking that is a lot well it is not when you add the whole salary up over the course of the year is well it is estimated that it is between 200 and 500 million well i do hope that that solved your question.