I feel fantastic...
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Messages - Nixlimited
Wait, where is the site where you can see your tuition bill? I am looking around Freshlaw and don't see it.
OK next question. Why is my total bill and my amount due different?
Yeah, I sold off the xbox & games... it was a tough decision, but it had to be done. Also didn't purchase an X360... also tempting.
Xbox 360 is my gift to myself if I do well first semester.
So I've been promising myself all summer that I will just focus on my studies in law school,
I an effort to do this, I sold my playstation, xbox, and gamecube. The only thing I will really miss is being able to play the NCAA games on xbox prior to the real games.
I was just responding to Nick's sweeping seeming-condemnation of them.
Note, it was a "sweeping condemnation" with the pretext of age. For people our age, these investments make no sense. I will argue that vigorously. CDs and bonds are for retirees - period.
Depends entirely on what your expected use for the money is, even for a "young person." Also, as of the most recent fed meeting, rates are no longer continuously climbing (at least for now).
Well, I would never invest borrowed money, with the exception of putting it in a high yield savings account, but still, CDs just have no draw. So you can make 5.25% for a 5 year minimum investment period; well, I can make 4.5% in my savings account and have full liquidity. Don't forget the risk of putting your money into something where there are penalties for early withdrawl.
I guess my point is that the margin is so small that it is not worth the hassle/risk of having your money being locked up.
Also, you NEVER buy bonds when interest rates are going up as their price moves inversely of the interest rate. While the fed finally stopped, after 20 some odd rate hikes, there is no guarantee that they will not be back at it next meeting. Thus, I wouldn't even consider bonds right now.
I bought a new car a year ago and currently my savings account makes more interest than my loan rate. I don't plan to pay the car off anytime soon.
As for investing in CDs ... that is WAY to risk averse for a young person. There are WAY better investements to be made. CDs are useless, especially when interest rates keep climbing.