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Altria Group, Inc.

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With travel out of the way... are you actually spending $187/mo on car insurance AND budgeting $1200/yr on car maintenance? Are you driving a Range Rover or something?

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The prices of goods and services is not rising faster than pre covid. Your anecdote has been checked by my linked anecdote from someone else, who does pay their own bills, and lists multiple items that haven't risen in the past months. So given two conflicting reports, we must defer to the CPI report, which shows MoM prices flat or decreasing.

I can dig up other organic comments if you like, supporting this.

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He lives in an expensive city but seems like he doesn’t have expensive bills. I think 3k/mo plus whatever his car is worth as a cushion is not bad. If he moves to Mexico he’ll be all alone. At some point he’ll need medical care and Mexico can’t be trusted. They charge up front for any medical attention and can basically run up the hill and you won’t even know it. They’ll stop treating the minute you stop paying. It seems like OP doesn’t know much about dad even with both being in SD. He’s where he should be probably needs a little help with financials.

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this is pretty dumb. look how much stock azo and orly buy back. thats where their cash goes. they are profitable businesses with increasing rev and eps, not going bankrupt in 2mo.

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Never know until you try. If you offer it for cheap, like $400/mo, you’ll get someone who’s interested and it’ll help take the pressure off

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In the USA my wife and I get great insurance we pay for out of pocket. $900/mo deduction from the total.

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Could be, are we talking MoM or YoY though? Think it really will be up YoY?

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To give my own choices wife and i make 280k. We max both pretax 401k, a joint HSA, both our Roth IRAs, put $500/mo into a treasury bill ladder, $500/mo into a 529 and $3000/mo into a three fund after tax brokerage account. We have a mortgage but its 3% so we do minimum payments.

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I don’t know of any pension plans that work the way you described - are you sure it’s not just an 8% reduction per year before age 65? The payments do not decrease, you receive the same amount each year, the amount just depends on when you start receiving it. So you could get $200/mo for life if you start at 65, $184/mo for life if you start at 64, $168/mo at 63, and so on, down to $40/mo at 55

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AVERAGE EARNINGS MOVE | LAST MOVE | IMPLIED MOVE FROM ATM OPTIONS PRICING

2023-01-30

$NXPI | NXP Semiconductors NV: 5.53% | 5.71% | 4.34%

2023-01-31

$AMD | Advanced Micro Devices Inc: 10.97% | 1.45% | 8.18%

$AMGN | Amgen Inc: 4.27% | 3.59% | 3.41%

$CAT | Caterpillar Inc: 4.65% | 11.59% | 4.54%

$MCD | McDonalds Corp: 3.46% | 2.93% | 3.26%

$MCO | Moodys Corp: 5.01% | 7.74% | 5.83%

$XOM | Exxon Mobil Corp: 3.12% | 1.53% | 3.75%

$GM | General Motors Company: 4.5% | 4.46% | 6.96%

$SYK | Stryker Corp: 3.42% | 3.47% | 5.9%

$PFE | Pfizer Inc: 3.59% | 1.85% | 4.36%

$SNAP | Snap Inc: 22.84% | 35.48% | 20.07%

$MDLZ | Mondelez International Inc: 3.53% | 0.47% | 3.24%

$UPS | United Parcel Service: 6.05% | 2.4% | 6.34%

2023-02-01

$GSK | : 2.63% | 0.75% | 4.05%

$TMUS | T Mobile US Inc: 5.16% | 6.34% | 5.02%

$META | : 7.61% | 24.38% | 9.9%

$TMO | Thermo Fisher Scientific Inc: 3.62% | 1.97% | 4.58%

$MO | Altria Group Inc: 3.23% | 0.43% | 2.79%

$WM | Waste Management: 3.51% | 3.35% | 2.92%

$NVS | : 2.32% | 1.23% | 3.58%

2023-02-02

$AMZN | Amazon com: 7.32% | 8.03% | 8.41% $AAPL | Apple Inc: 4.69% | 9.28% | 4.69%

$BMY | Bristol Myers Squibb Co: 3.41% | 2.73% | 3.04%

$COP | ConocoPhillips: 4.28% | 4.87% | 4.25%

$F | Ford Motor Company: 5.67% | 5.59% | 6.63%

$LLY | Eli Lilly and Co: 4.13% | 2.43% | 4.21%

$EL | Estee Lauder Companies Inc: 5.73% | 5.87% | 7.16%

$MRK | Merck and Co Inc: 3.63% | 2.91% | 3.17%

$GILD | Gilead Sciences Inc: 4.86% | 13.5% | 4.65%

$HON | Honeywell International Inc: 3.01% | 5.17% | 3.56%

$QCOM | QUALCOMM Inc: 6.32% | 9.19% | 6.33%

$GOOGL | Alphabet Inc: 5.11% | 6.21% | 5.85%

$SBUX | Starbucks Corporation: 4.78% | 9.51% | 5.45%

2023-02-03

$CI | Cigna Corporation: 5.02% | 3.17% | 5.0%

$SNY | : 2.54% | 4.04% | 5.09%

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Immediately help him apply for low income senior housing. Some are quite nice. My Mom is in one just a few miles from my house and they only take about 30% of your annual income and divide that by 12 for monthly payment. It important to know that assets are not income and calculated very differently. Him owning the boat and the classic car would likely not get in the way. Only if he makes money using those assets - that would clint towards earning. (I wish I knew this when my Dad was alive.. we thought he had ro use up all resources before qualifying for one just like medicaid..)the way you would lose qualification is if you made too much money. Upper limit for my Mom's place is limit is 45K. Many nice places have 2-3 year waiting list and by the look of things, your Dad can with stand that time quite well. I would say 3K per month in social security is actually quite stable.. my mom gets about 1,800/mo and is doing just fine paying her 500 bucks in rent. It's so well maintained, honestly would not realize its low income senior housing.. looks like a regular townhouse units. She loves it there. They also have weeknight dinner service and a bunch of activities scheduled throughout the month. Please go get him on a waiting list. He doesn't have to commit to it when it's his turn, but it would be a great back up plan. Good luck!

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$1200/mo shopping??

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It's not easy to make a large income as you have come to realize. A handful of many people maybe luck their way into it, but for almost everyone it's the iceberg principal - you see just a micro part of their effort.

People who earn 200k+ or whatever often have sacrificed an ENORMOUS amount of time and energy to get there, and it probably wasn't an overnight thing. They spent more time in college studying, reflected on how they presented themselves, researched, made lateral moves, sold themselves, skipped Netflix shows, skipped going out on weekends, etc.

So I would say not knowing much else - work harder and put yourself out there. Have you asked for more money? Tried to switch jobs? Looked into starting your own business? Looked into adjacent fields? How many interviews have you done in the last 6mo or 5 years? Have you cut expenses or do you justify nearly everything?

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>What’s it like living in a fictional world because you spend too much time online?

It's great, like Meta only better

https://ago.mo.gov/home/news/2023/01/09/missouri-attorney-general-releases-more-documents-exposing-white-house's-social-media-censorship-scheme

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Sure

https://ago.mo.gov/home/news/2023/01/09/missouri-attorney-general-releases-more-documents-exposing-white-house's-social-media-censorship-scheme

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Probably not worth lowering.

Again, if you're confident in the potential salary growth of your job, by next year you could be making up that $150/mo difference.

But the compounding interest of that "extra" 3% per year contributed to your 401(k) compounding over time will be worth a lot more.

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One mo time, you get what you fucking deserve!!

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Always take the extra money the employer is matching you with in the 401(k). But if you have no cash savings lower any excess contribution to save.

6 months of expenses is a normal cushion before putting things into other investments.

Just kinda guessing based on the info you gave, expenses are $2600/mo? So about $15k as a rainy day fund. Before you set anything aside for a down payment/closing costs.

Which if you drop your 401(k) contributions a bit, you'll be adding an extra $150ish (less because it's post tax $) into savings so let's say you'll be able to save about $1000 per month. So summer 2024 you're officially starting to save for your house.

Obviously things can change that timeline, expenses can change, and hopefully your job will have steady income growth. But 5 years seems pretty doable. $12k/year for 4 years = $48k, you lose a year for the absolutely essential safety net savings period. You're well on your way.

$48k is not a huge down payment for a huge house, but that's also assuming your income is flat the next 5 years, which it should grow a bit.

-this is just drunk reddit math, probably way off, talk to professionals but definitely have a savings cushion first!-

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Dude neither of these are yielding 12% over a year. Read the charts.

You need a 12% yield to draw $1k/mo (or $12k per year) and not touch the principal.

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https://preview.redd.it/mo3s3edhiqea1.jpeg?width=1080&format=pjpg&auto=webp&v=enabled&s=400ba95e7d52b53a4e9a7234daeb8a925b030d69

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Do the food categories represent 50% or 100% of the household spend? If groceries are 50%, that's really high; $125/mo just for wine?; $300 dining out plus $400 entertainment?; $1200 for travel?

You have two small rent payments just between food and travel.

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Market will attempt to retest 6mo supply then pull the rug

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So many good ideas by others.

A classic car that could get $100K is significant!? Do you think he could still get that much with the current recession?

How much would his boat get as well?

If he could get $4,000 a month. (SS + invested $100K=$1K/per mo)

Maybe he would be happy moving to Mexico?

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You should take the lowest interest rate loan you can, cut up 3/4 cards, and pay off $2k/month. Pay off highest rate first, even if balance is lower.

If you're serious about the house, you have to pump that number up by $1000/mo (25k/10 mo = $2.5k/mo + interest).

Highest interest will take longer to pay off. Generally, paying off debt fast decreases you're credit score just a little. Higher credit score = more likely they make money on you. For a home, you'll want a lower DTI. The credit report will be just fine if you pay it off.

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MO

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I am up 11% on my investments since I started in 2020. I only buy dividend and vti every week I put in $500. Currently I own 1000 T 400 mo 342 para 847 vti Pick better stocks.

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Let me save everyone some time. OP has not researched shit and prolly doesn’t even owe the IRS. He just knows how much shit he’ll get for posting a “HeLp mE MaKe MoNeY!!!” Post

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Move to a better "bank" with zero fees. Fidelity Cash Management account, buy SPRXX, 4.16% with no fees, no wire fees, no NSF fees, no ATM fees, fully liquid and no games. I used to mess around with HYSA, but now I just use Fidelity. It's checking+savings in one account.

You can get 4.5% in a 1mo TBill and pay no state taxes, if you can commit to a month.

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Yeah but 3mo bonds 6 months ago were high, so doom is guaranteed. The bond god will come down soon and smite us with meager yields.

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He said the slip is cheap (relatively). I've knew someone in LA who paid less than $500/mo with water & trash included, a few years ago though. Depending on how long he's had the lease he could be in a situation like that.

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Just a few things here:

You’ve spent a lot on cars and you are moving to the city, which might negate some of your need. Do you need two cars? Can you dump one car and buy something more affordable? You are spending a LOT here.

I have no idea how you are spending 600/mo on food for 5 cats and one dog. Talk to your vet, there has to be a cheaper option here. And no more pets! People trying to pay their bills don’t have 6 pets.

1200/mo is also a lot on groceries for a family of 3, that’s what we are spending for 4 — and we entertain a lot. Meal planning can help A LOT here and also free up time (i.e. make spaghetti on Monday and also have it for dinner on Wed).

If you pay off the debt and trim 1000/mo from your spending (combo of downsizing autos, smart shopping, cheaper pet food and a bit less spending), you would be saving close to 2k per month, which gets you where you need to be. You can’t ever take out a personal loan again. But if you are able to put away 1500/mo, you won’t need to — in a year, that’s a healthy emergency savings account.

Good luck!

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It really feels like Feb will be primed for a horrific drop

Commodities have been on an absolute tear, the inflation reading looks like it’s actually going to pick up and not be 0% MoM, weekly jobless claims were amazingly low and non farm payroll will be strong, dollar appears to have bottomed out, EU sanctions on Russian refined products go into effect, Ukraine war looks like it’s intensifying, Japanese bond market shenanigans etc. and of course continued shit earnings and guidance

There’s just so much that can happen in Feb

And with ALL that… VIX touching into the 17’s today. Retail has been piling in and funds are net long again. Today felt like the biggest fomo day we’ve had in years

No one is concerned about anything right now

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And that's what sofi is, 40 to 60% revenue growth and reinvesting everything back in for more growth Hence no profit but try to make reddit understand this basic concept. Same people never bought Amazon, tsla, appl long time ago because BuT tHeY maKe nO moNeH

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Alcohol is an entertainment expense in my budget. Home brew, store-bought spirits in any concentration... how others break down their budget is on an individual basis. $1k/mo for family of 3 food, $150/mo EtOH.

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Are you sure you're in the top 1% of earners if that's the case? That is $70,000/mo - plenty to buy a Hawaii vacation house.

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Christ yeah 210k loans at 9% apr making $20 an hour is pretty terrible. If that is the amount and the APR then a payment of $1800 is like a 30 year payoff term. She will never be able to buy a house with that. The idea that $800 of that goes to principle sounds totally arong to me. 210k loan at 9% would be $1575 in interest per month so if she is paying $1800 then only $225 goes to principle, not $800. Or you are wrong about the APR.

There is no route to getting private student loans forgiven, not even bankrupcy does that.

Negotiating a smaller payment isn't really an option if the loans interest alone comes to $1575/mo

I dont think there is any case where bankrupcy gets rid of student loans.

I am very confused about the degree that costs $210k but yet has a maximum salary of $60k.

Hate to say it but without a major bump in her income she is in a lot of trouble here.

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Last time I asked, the total price of the slip plus his membership to the club was about $1000/mo, which includes utilities. But yes, you're right, maintaining the boat and the car are not cheap. Given the rent prices in SD, it still seems like a fairly good deal to me, but I have no idea how it compares to a senior living community.

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Maybe. See https://turbotax.intuit.com/tax-tips/small-business-taxes/can-cellphone-expenses-be-tax-deductible-with-a-business/amp/L6NQvycMO

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Your monthly income is being eaten up servicing your debts. You’re spending so much money just trying to pay off crap you already bought. Credit cards($815) personal loans ($680) and car payments ($905).

You need to make some extreme changes. Like sell one car, give up your pets, cut your food bill in half. Check out r/eatcheapandhealthy. NO MORE eating food you haven’t prepared in your home. You need to have a spending freeze beyond feeding yourselves and get rid of your debt. Consider renting instead of buying in your new location if you can find something under $2800/mo. Cram your family into the cheapest place you can safely live and dig out of this debt that is crippling your family.

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Same. I know a few guys that game the system. No combat experience. Better shape than most physically and mentally. Discounted rent/housing. $3,600 month in perpetuity. Social security disability for another $1000. Work 10 hr a week side gigs for $2k/mo. Go to school for another $1,200/mo. Free healthcare. All tax free.

Put that together and they’re all pulling in $120k a year to do nothing.

I don’t think we need more military funding.

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agree - moochers have been living off of those $1200 for years.

related, does anyone know of a blog or youtube channel i can follow to learn how to live in the US on $50/mo without working like these economy-destroying moochers?

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I've had ATT for about 15 years. Family unlimited plan with 1 extra line, I should add I do get a 15% savings from being the Army. So normal price it would be about $205ish.

I always pay for the phone upfront and never do the next plan or anything like that. So that saves a ton on the mo they bill too. It could very easily be $350+ if everybody had the newest phone @ 30/mo plus the early trade in per line plus insurance.

Side note, can't wait till these teenagers start paying for some of their own stuff in the next few years. They are expensive AF! Lol

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Nope, moved back in with my parents. (Millennial here, and couldn’t afford 2500/mo for a 1 bed that took 8 months to get approved on waiting list.)

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If you own the property there is no drain on that cash flow. Set aside $1000/mo for the expenses and improvements that will inevitably come up, find a property manager willing to manage it for 15% or so and then you have cash flow and barely have to think about it. I have a property across the country that a prop manager runs and it's very hands off. The buying and selling of rental property is a real undertaking if you haven't done it before.

Alternatively, if there are other creative ideas you have for investing the proceeds, then go for it. Depends on how you want to spend your time/money.

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So one of the issues I am facing is that my financial advisor checks in with me every few months to see if I can do more than the $500/mo for investing, because I got connected through a referral and his accounts are normally much larger than mine.

But I need to build up my emergency fund more. I can only save an additional $1500/mo with my current budget. That's $18,000 in a year. Wouldn't that be too slow paced to accomplish much in the way of a down payment?

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>But is there some benefit to waiting and getting the ~$200/month until I crosk that I'm missing?

Some people suggest that it's worth delaying, in order to go toward long term care costs, but $200/mo doesn't seem that big an impact.

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Ok going back to studying bankruptcy DM in 18 mo when u need help filing ch7 🫶

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Move to a better "bank" with zero fees. Fidelity Cash Management account, buy SPRXX, 4.16% with no fees, no wire fees, no NSF fees, no ATM fees, fully liquid and no games. I used to mess around with HYSA, but now I just use Fidelity. It's checking+savings in one account.

You can get 4.5% in a 1mo TBill and pay no state taxes, if you can commit to a month.

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Pay off the personal loan and then apply the monthly 380/mo payment plus what you currently pay towards the ccs.

I'm assuming you have 1000 in an emergency fund. If you have more chuck it all at the ccs, if you have less, keep 1k of the refund in a savings acct and pay 8k towards the personal loan.

Stop using your cc. If you have any rewards points that can be converted to cash or payment, use them and help bring down the principle balance.

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I think you need to speak to an Estate Planner and likely a good Real Estate Attorney, Elder Care Attorney with Medicaid Planning experience.

The rules are different depending on what state you are in. There are a lot of potential problems that become out of your control if you buy something outright?

You have to make sure the house cannot become part of 'marital property' because they are in a state that recognizes 'common law marriage', or has some type of cohabitation laws that might allow him to take half if he pays half the expenses while they are together.

Buying it for the grand daughter opens up different things. If she's a minor, as Guardians they likely can sell her property. She won't be able to pay the taxes/insurance for a long time and if they don't do it? could be lost. People do crazy things and if there's no one to raise the alarm often get away with it.

On the other hand to be fair to both your children in the future when 'you're gone' you can change your home to a 'life estate'. This would allow you to live in your home for as long as you live and then become theirs. We just sold a home to a couple who did this and their daughters had to sign off on the sale of their house and purchase of new as Remaindermen. I personally like this one because I want my children to make their own way and not count on getting an inheritance as you never know what can happen in life. My parents had a nice nest egg and paid off home but their plan was to go to bed and not wake up. One died after months of suffering in a nursing home and the other is in a facility with severe Dementia costing $10K/mo.

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I have a 2bdr house with a front yard and very large backyard. Just have to move places that are cheaper

In my hometown 4 years ago when I moved, studios were also $1200-1600/mo. So I moved 3 hours away somewhere cheaper :)

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The downside is that you might lose money if you need it <3mo. So just make it easy and do a ladder. Put 1/3 into a ~1mo (doesn't need to be exact), 1/3 into ~2mo, and 1/3 into ~3mo, and then each month just roll the chunk that matures into a new ~3mo. It takes about 30s on Fidelity. You can also use auto-roll so you don't have to do any manual buying.

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Right now you can do better with a TBill, because you pay no state income tax, so I would not lock in a 14mo bank CD right now personally.

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I run a tutoring company and have started creating worksheets and other resources in the last few years. Anything educational/informational is pretty saturated, because if it’s easy enough for someone to learn, it’s east enough to share, and many will do so for free.

You can still differentiate yourself in saturated markets, though, by finding a niche, having a different style, or doing it more effectively. Even though there are tons of instructional videos out there, I think many aren’t done particularly well. They’re still boring, ugly, too long, or all of the above. People will care about those things…but with any sort of content, you need saturation yourself. For example, I have about 100 paid resources in my store (ranging from $2 - 15 currently). On average, it makes about $50/mo right now. Ad revenue is going to be higher for topics like business and finance where people are really willing to pay to learn or advertisers REALLY want to get in front of that audience.

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If you love your job then you have something that is priceless. A good number of us save so aggressively because we can’t imagine doing our job for another 30+ years and are pretty unhappy with our jobs today.

Mo money mo problems … just do your best to be happy today and plan for tomorrow. New opportunities will arise in the future as well.

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$25 is grab a pizza, $55k I’d probably get some dividend stocks like $MO or B2Gold

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if you need the money in the short term... there is a middle ground between pulling out and timing the market (can't help you time the market)

You can pull out of the stocks and go for short term treasuries in the 3-6mo (w/e you need) range. That way the money is doing something (vs sitting in checking account) and is more reliable than stocks.

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Almost for certain it will cost more to heat with electricity than with gas. We moved from roughly the same sized facility to a newer one. The old one only had electric heating and we were about $1500/mo on power. Here we are more like $400 on gas and $250 on power.

Get a smart thermostat and program it to only turn on when you are open. You can also run it cooler.

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Mo money mo problems

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This is good news indeed. However, Fed knows it's mainly the drop in oil prices that are pushing these prices lower. Once oil prices begin to stabilize, or God forbid retrace to the upside again (has been this month), then these inflation reports will have a tougher time dropping so hard. Prices for service was still up .5% MoM (6% annualized). This current rally is so early to the finish line it's kind of nuts and I fully expect Powell to shove a heaping spoonful of this reality down our throts at the FOMC

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Lol which job market? Everyone firing and only low end jobs hiring. Are Wendy employees going to pay $2k/mo on rent? The FED is showing its hand and they are going to wipe out anyone who bought a home that doesn’t have the liquid reserves to keep it. Especially over leveraged landlords.

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Literally any amount is good at that age. If you have expenses you should try to start getting 3-6mo of expenses in an emergency savings.

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It's pretty clear that you rent.

Bad advice? I literally went from low paid labor and living on less than $1000/mo and elevated myself through education, continued laboring to save money for a place to live, found a duplex near a college and rent the other side to college kids for an incredibly reasonably rate, $350/mo. you can't live cheaper as a college kid I guarantee it.

I am living proof that you can move up in this system. Yet time and time again I hear lazy, entitled, leeches like yourself calling landlords scum.

With no due respect for fuck yourself. You contribute nothing to society and then have the audacity to make demands of it, demands that will be paid for by other people's tax money. You are delusional. Fact.

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If you average $50/day that's $1500/mo. img

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It does not - at least not in MO

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there are situations where long terms are not bad ideas for cars. big 2 I can think of, long term very low rate (I have a 72mo at 0.9% that I put 0 down on, its free money) , and some of the ways you can set up balloon loans on exotic/collector cars (I've seen 120-144mo terms in the past) if you are only in the car for a few years and have decent equity in it already, it can be a decent idea.

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No, I’m not. You clearly must fit the second situation or have owned for a long time if you’re renting for $3000/mo and the purchase price was only $115k (assuming you’re not talking about down payment). That’s a great investment. I do not see many that make such a high rate of return

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Phones =$175/mo why??

I'm wondering the same as I have 3 teenagers plus me and my wife. Our phone bill is $175 for 5 lines. Could be $150 but my wife just has to have every new iPhone ever. 🙄

Also our food budget is 1400/mo for 3 teenagers and 2 adults. This includes eating out at least 2x/mo as a family.

Why people lease cars, ill never understand. Some companies I understand, but not really, might as well burn $400/mo for the payment, haven't even gotten to fuel/insurance yet.

OP has a keeping up with the Jones mentality and a lack of clear budgeting problem.

Needs to take the proceeds from the house sale, sell both cars and buy 1 car under 10k and a bus pass when they get to the city. Pay off all interest bearing cc's, personal loans and IF they have enough left over bank the rest for an emergency fund of minimum 6mos. Should probably rethink the pets for now too until they learn to properly budget.

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10% was just for easy calculation.

$120k at 5% would be $500/mo $120k at 4% = $400/mo $120k at 3% = $300/mo Etc.

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No one knows what the Feds will do with rates next month, let alone 4 years from now.

From your numbers, you’re saying your mortgage would be $558 (6700/12) vs $441/mo (5300/12) while being able to rent it out for $4K/mo?

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Just depends on what the downside is vs the upside and the timeline. -$500/mo is not something a lot of people can afford. Even if the value goes up. What if it goes up? Well, are you going to sell it? Cuz you’d need to to access that value. But now you have contracted tenants in it so you need to continue eating that $500/mo loss + transaction costs as you sell it.

No one here could offer accurate advice cuz it’d take dedicated RE knowledge about your local market and a crystal ball.

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Lawyer letter. Here in the US I have Legalshield. For $40/mo they will talk to me tomorrow, draft, and send a letter. It usually works. However the most we could really ever be owed is about $3k so some day when the letters don't work, it won't be worth going to court (my time).

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PCE is down bigtime MoM

we should drill today

fight for 400 not over yet

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Also when I went through the books I found the old book keeper was not keeping the books right. I had two theories 1) job protection, screw things up just enough so that the owner couldn’t reconcile the accounts without them, a few dollars here and there on transactions so the balances in accounts vs books would be different. 2) laziness, rather than sort out the actual issues and reconcile the books properly they just fudged transactions to make things sum up to the end of mo th balance.

If it’s impossible for you to sort out maybe it’s one of those reasons.

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Having lived in three states over five years with the same car, insurance rates vary wildly in different areas. I started out paying around $63/mo and now I pay close to $100. No accidents, same company, the big jumps only came the 2 times I moved. Part of it is that different states have different minimum insurance requirements.

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I see this all too often. it can go past 72mo too (84/96, worse), and they can structure it as 2x/mo payment so that 'payment' # gets real real low... then they frame it as barely any more than a phone payment.

Really gross selling tactics, grown adults scamming 18 year olds with bad parental support systems... absolute losers

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Core PCE hasn’t been under 0.2% MoM since August. This is the measure the FED uses for their decisions

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Anything over 0.2% MoM means FED is not hitting their inflation target. Simple math

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I mean I have as few nice things to say about new car dealers as the next guy... I have never seen them offering 28% interest.

this screams scammy used car dealer to me. car worth maybe 10k, sell it for 14k on an 84-96mo term at 28% interest... scam the kid with the monthly (or even bi-weekly!!!) payment # so it seems low.

I was just talking to a young man who is 8k upside down on a loan like this. car is worth maybe 4k (KBB value but the car is rough) and he owes 11k at 11%.

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Holy shit what is the accuracy of this? 0.6% MoM forecasted?

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Hi, I'm dealing with this for my company as a new HR and Payroll lead but kind of in reverse. We have non-citizens on secondment to our US LLC and they receive a vehicle and housing to help them set up in their 1-2 year stays. Basically, since the 2018 Tax Cuts and Jobs Acts anything the company provides to you is taxable as wages.

For the vehicle, normally you would pay taxes on a portion of the "adjusted lease value." That's the value of the lease which is attributed to the miles you put on the vehicle for personal use.so you're aware, I'll point out that commuting is personal use as far as the IRS is concerned. With that said, if the company is giving you $600 instead of paying the lease, you'll be taxed on an additional $600/mo.

For the housing, it really depends on how your employment contract is stated. If the housing is written in as a condition of employment, and is provided by the employer without cost to you, and is also furnished, then it would be untaxed. As you said they are giving you a housing allowance, another detail is needed. If you get reimbursed for your unit rent, then you'll be taxed on that amount, but if you are given $3500 and expected to spend it on housing you'll be taxed on that full $3500 unless you can show that you gave the unused portions back to the company.

Your payroll and accounting isn't required to report this but annually. You should check in with them what their methods are because you don't want a tax surprise in December and a zero dollar net deposit. Ask if they intend to report these quarterly or monthly and sit down with someone to figure out the actual net deposit you will receive in either case.

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Core PCE Price Index MoM DEC 0.3% this is not good.

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>Dec PCE Core Price Index +0.3% Rate On Mo; +4.4% On Yr &gt;Dec PCE Price Index +0.1% Rate On Mo; +5% On Yr &gt;Nov Personal Income Revised To +0.3% From +0.4%

^*Walter ^Bloomberg ^@DeItaone ^at ^2023-01-27 ^08:30:56 ^EST-0500

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Oops. I meant $120. But the 12's rule works out the same.

$120 @ 10% = $1/mo $1200 = $10/mo $12000 = $100/mo $120000 = $1000/mo $1200000 = $10,000/mo

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Bears hanging all their hopes on a PCE print.

When the MoM turns out to be negative, y’all better sit and listen to my a-toad-a-sos.

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80/30/0 is not sustainable. The new mortgage is costing 800/mo more than the existing one. Major congrats on your work dealing with the student loans BTW!

Pets are very expensive. I keep a careful budget and that's the category that I have the most trouble with. I'm not getting rid of my animals, but do plan to reduce the number as they pass to the rainbow bridge.

Food budget looks very high. Auto expenses also very high.

What helped me a great deal was using cash and getting rid of the credit card mentality. Good luck!

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Time for safety first, rotation to dividend shares. MO Altria e.g. AT&T .., the drop will come like always from one second to another.

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I'm about to sign up for a gym that costs 160/ mo 💀

I better get a gilf's attention

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Transportation is payments and gas/electricity, Southern California gas is expensive. $1000/mo in payments and I budget $150 for gas and electricity, but we barely use that much, excess goes to extra payments on the cars

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You want none of your representatives to own stocks? Isn't that like losing class representation? It may not be favorable for owning stocks - they wouldn't care to go full Bernie Sanders and ban stock buy backs and tax all stock based gains to the max.

Allow them to hold equity they accumulated before public service. But do not allow trading. Make them have a 6mo, 1 year delay in stock they decide to buy into.

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You’re spending $1800/mo on food for 2 adults, one toddler, and 6 pets. That’s almost as your mortgage.

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I own 12 doors in Detroit. If those, two are duplexes and 8 SFH’s.

While all of these are cash machines my duplexes take it to the next level. One I paid $60k for and is rented for $875/side for a total of $1,750 gross. I’m under market and could be getting $1,000/side but my tenants are fantastic and I prefer to keep them as long as possible. Both have been there three years.

The other duplex is on the same block and I’m finishing the renovation now. We fully gutted it and I’ll be all in for about $150k but it will rent for $1,200/side for a total of $2,400/mo.

Pros: Obviously the cash flow. But also one roof, one foundation, exterior, etc. So when those items need maintenance you’re not doing them twice like you would if they were two SFH’s.

Cons: Tenants may not get along. I haven’t had this issue but it happens. Ultimately you have to just let them know they’re adults and they need to figure their own shit out. That usually works.

Like the pros, the capex stuff cuts both ways. Two furnaces and two kitchens. That said, you’d have two of those anyway if it wasn’t a duplex so I’m not sure that really counts.

Another con is conventional loans only go up to 70% LTV rather than 75% for SFH’s. Not a huge deal but that was a surprise to me on my first one.

I’m sure I’ll think of more stuff for both lists but that’s what comes to mind.

And yes, those numbers for Detroit are legit. Happy to talk with and help anyone wanting to get into that market.

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Whatever you do, take your time with the decision. Look at your financial goals and what makes the most sense.

For example, how would cash flow impact your life? Doing a 1031 exchange into a building in CA sounds great and all but you’d probably make even less cash flow.

If you wanted to get aggressive you could sell and 1031 into rental properties in a high cash flow city in the Midwest. I have 12 doors in Detroit and my gross cash flow is $16,000/mo.

You could build a similar portfolio with a $1MM. Happy to help if I can.

Really comes down to if you’re trying to maximize cash flow with it or if it’s not that important to you.

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Unfortunately, that post doesn't answer any of my questions. It includes a 1mo snapshot of your account, a one day in December, nothing about net from spx trades, and nothing about your fills. If you're placing market orders on spx, you're getting the worst fill 90% of the time (ie, filled on ask when buying, bid on selling), which means you're losing a massive amount of money given your volume and frequency.

I understand that 0dtes can have big swings, but it's not enough to turn a profit unless you've either just been lucky for a bit (which is why I asked how long you've been doing this), or you have a statistically significant edge that can withstand bad fills, which is pretty unlikely given your volume and frequency.

For context, I've traded spx off/on for a few years.

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You make enough to afford $2,500/mo in rent. If it will make your mental health better it’s worth it.

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I can say in the Midwest, it's not lack of supply. I'm now renting a house for $2k/mo that I had bid $45k over asking, waived inspection, waived appraisal gap with cash kicker. Lost out to a corporation. Corps should not be allowed to own residential properties as investments.

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Exactly. With that being said, is it a good thing that prices are now "only" up 6.1% from last year, which was essentially the start of this inflation cycle?

Are wages up 6.1% from last year? Or has Powell been claiming high wages are to blame throughout this ordeal?

I get what you're saying about the MoM numbers, but the fact of the matter is we are in some "new normal" situation of groceries costing three times what they cost just a year ago. That's not good.

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You need to decide if you will keep the $20k/mo. clients and offer them lower-cost video or stick to your premise that hey need premium videos for marketing content.

There is probably a middle ground between film student and premium provider with 15 years of experience with marquee brands.

I work for marketing agencies as a writer and there are many instances where the agency simply cannot make my fees make sense to the client. Not everyone is ready for premium and there's definitely no reason for your associate to get out of bed for less than $20k.

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I would only get peacock for the office.

Hey Peacock employees lookin into this thread: we’re all pirating your shows. I pay for Netflix cause the value is there. I’m not paying $x/mo to have access to the office

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