04-19-2015, 12:01 PM
Thanks for the welcome guys! It is good to see another youngin' crimsonhost.
crimsonhost. I agree about dollar cost averaging. Right now I'm considering only investing a part of my monthly savings to ease my way into it and build up some confidence.
DividendWatcher I'm well aware of the CCC list and have looked at it many times. It is a great resource. I have been looking at EMR recently.
I'm also still learning how to learn to evaluate companies. A few months ago I didn't even know what a balance sheet or income statement was.
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I don't mind answering questions about my mortgage...
My mortgage payment including taxes, insurance, etc is just over $1,000/month. It is a 15 year at 3%. I don't have much incentive to pay it off early with that interest rate, especially since a lot of companies yield greater than 3%.
My payment is ~$150 more per month than my previous rent, but I'm generating ~$500 in equity per month. I also don't have to deal with horrendous neighbors.
I suppose it might be different in other parts of the country, but I don't understand why large segments of the financial independence community recommend renting over buying, buying seems like a no brainer to me.
crimsonhost. I agree about dollar cost averaging. Right now I'm considering only investing a part of my monthly savings to ease my way into it and build up some confidence.
DividendWatcher I'm well aware of the CCC list and have looked at it many times. It is a great resource. I have been looking at EMR recently.
I'm also still learning how to learn to evaluate companies. A few months ago I didn't even know what a balance sheet or income statement was.
........................................
I don't mind answering questions about my mortgage...
My mortgage payment including taxes, insurance, etc is just over $1,000/month. It is a 15 year at 3%. I don't have much incentive to pay it off early with that interest rate, especially since a lot of companies yield greater than 3%.
My payment is ~$150 more per month than my previous rent, but I'm generating ~$500 in equity per month. I also don't have to deal with horrendous neighbors.
I suppose it might be different in other parts of the country, but I don't understand why large segments of the financial independence community recommend renting over buying, buying seems like a no brainer to me.