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Viewing profile - qkjones

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qkjones
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Joined: Mon Nov 02, 2009 5:19 am
Last visited: -
Total posts: 25
[0.03% of all posts / 0.01 posts per day]
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Most active forum: Personal Finance
[ 23 Posts / 92.00% of user’s posts ]
Most active topic: What should I do with my mutual funds (buying home)
[ 2 Posts / 8.00% of user’s posts ]

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Location: Atlanta, GA
Occupation: Investor
Interests: Real estate, personal finance, investing, triathlon, skateboarding
Website: http://www.wealth-steps.com

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Luis
http://www.wealth-steps.com

qkjones Posts

Search found 26 matches
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 Forum: Personal Finance   Topic: Advice,pls! 401k or Roth IRA for a temporary job?

Posted: Mon Oct 11, 2010 5:03 am 

Replies: 7
Views: 2077


Hi, I'm hoping to get some advice on how to approach my work 401k plan... I also plan on opening a Roth IRA. I am a recent college grad that is starting my first job next week. I am going to work for about 10 months before I start graduate school next year Fall. QUESTIONS: 1. I've read somewhere th...

 Forum: Personal Finance   Topic: Creating a financial plan

 Post subject: Creating a financial plan
Posted: Fri Jul 30, 2010 4:39 am 

Replies: 16
Views: 3382


I would like to see what kind of planning other people do when it comes to creating a personal financial plan. Planning is always hard because you have to look into the future and combine your present reality with where you want to be. Is there anyone out there that has done, either by themselves or...

 Forum: Personal Finance   Topic: real estate investing

 Post subject: Re: real estate investing
Posted: Fri Jul 30, 2010 4:35 am 

Replies: 13
Views: 2183


DoingHomework wrote:
The days of flipping are over. That was possible because of the bubble. The bubble has deflated for a generation at least. It will be a long time before banks lend the way they did to enable this kind of thing.



With all due respect, that is completely false. You can flip a house in any market.

 Forum: Personal Finance   Topic: real estate investing

 Post subject: Re: real estate investing
Posted: Mon Jul 26, 2010 1:15 pm 

Replies: 13
Views: 2183


Why is it that when someone says investing in real estate everyone immediately assumes you are going to be a landlord? I invest in real estate and can tell you there are a dozen ways to do it. I also own REIT and can tell you the returns on active real estate can beat a REIT pretty easily. Here in A...

 Forum: Personal Finance   Topic: ***

Posted: Sat Jan 30, 2010 8:46 am 

Replies: 12
Views: 1752


You have until April to fund the 2009 IRA so that buys you a little time. The question is what would happen if May rolls around and you don't have a job are you going to need that money? If the answer is yes then you might be better off keeping it out of the IRA. Yes you can withdraw from the IRA bu...

 Forum: Personal Finance   Topic: Car repair vs replace

 Post subject: Re: Car repair vs replace
Posted: Sat Jan 30, 2010 8:41 am 

Replies: 9
Views: 2222


It seems you have already crossed that threshold were you have already spent enough money on the car repairs that you could have used towards the purchase of a newer car. What if you shop for a car from a private seller and try to get the best possible car for the least amount of money? I know it so...

 Forum: Personal Finance   Topic: Do you track your personal net worth? How?

Posted: Fri Jan 22, 2010 6:58 am 

Replies: 38
Views: 8586


I am trying to figure out if financially savy people, like the participants of this forum, give their net worth as much importance as I do. I think is a crucial thing to do if you want to build wealth. I have written about the importance of calculating and tracking your personal net worth here. Now ...

 Forum: Personal Finance   Topic: $4 ATM Fee!?

 Post subject: Re: $4 ATM Fee!?
Posted: Mon Jan 18, 2010 5:08 am 

Replies: 8
Views: 2796


I've been considering opening a USAA checking account for a while, largely because they refund ATM fees. This incident finally pushed me to do it, and I will be taking all of my money out of Wachovia just as soon as I get my new debit card! I already have a USAA credit card, and I am fairly happy w...

 Forum: Personal Finance   Topic: Debt snowballing or NOT

 Post subject: Re: Debt Snowball Rules!
Posted: Sat Jan 16, 2010 9:37 am 

Replies: 37
Views: 5201


Mathematically debt is good if you can produce value with the borrowed money that exceeds the cost of borrowing (including risk costs). I agree that has been my experience with debt used responsibly for real estate investing . The debt snowball whether it is organized by interest or form lowest to ...

 Forum: Personal Finance   Topic: What's your financial emergency plan?

Posted: Fri Jan 15, 2010 8:58 am 

Replies: 12
Views: 2236


FWIW, I went through the same experience because of corporate downsizing and currently find myself navigating through it. I thank my lucky stars that I had seen the writing on the wall and had started preparing for it by both building a robust emergency fund and creating a part time business that I ...

 Forum: Personal Finance   Topic: Do you factor unemployment into your Emergency Fund target?

Posted: Tue Jan 12, 2010 7:11 am 

Replies: 44
Views: 6369


Cely, you should not include unemployment in your EF calculations. There are many reasons why you will not receive unemployment: your states policies, unemployment fund running out of money, the reason why you are unemployed, any income you might have at the time, etc. You do not want to find out wh...

 Forum: Personal Finance   Topic: First time investor

Posted: Tue Jan 05, 2010 9:50 am 

Replies: 7
Views: 1978


That is how I started with $100 a month and 15 years later I can tell you it works if you keep on increasing it from here on out. You would not be wrong with putting something like 65% of your money into the total US stock and the rest in the international. You are right, eventually your next fund s...

 Forum: Personal Finance   Topic: Comments on asset allocation

Posted: Tue Jan 05, 2010 9:46 am 

Replies: 4
Views: 1244


It looks to me you are golden :D

I am glad to read your post because that is almost identical to the target asset allocation I have set for myself when I am your age.

 Forum: Personal Finance   Topic: Starting out

Posted: Fri Dec 18, 2009 2:52 pm 

Replies: 8
Views: 2194


You wouldn't go wrong putting $500 month into the 500 Index fund and another $500 into the total bond market index fund both of them held in an IRA (check to see what is your contribution limit). You can do this while you are learning and doing your research because that can take a while.
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