Haven’t posted in the past few days. A few updates!
I just finished my first full week of full time work. It was pretty awkward the first few days, but after those first few days things were more comfortable.
What I do in a nutshell: use company software to verify and update certain ‘products’ that eventually enter a large database to be drawn from with SQL/Access for custom/set products ordered by large companies regarding corporate governance/executive compensation/proxy advising/payment plans. It could be called something like data entry/analysis I suppose.
I basically spend a ton of time on investopedia trying to understand all the terms.
2. Valentines Day!
I went out with my friend and we had beers and watched Wolf on Wall Street; I can’t believe it lasted 3 hours. It definitely did not feel that long. Dicaprio without an Oscar again? Whats new. Jonah Hill didn’t deserve the Oscar imo.
3. Financial Updates!
As of 2/15/2014 4:00 PM
- Principal: $2801.00
- Subsidized: $2801.00 (3.4%)
- Unsubsidized: $0 (6.8%)
- Accrued Interest: $0
- Total Owed: $2801.00
They fixed my end of school date… So I have my grace period until 06/14/2014 since I ended school around 12/14/2014.
Assuming I allocate the loan into 7 payments, (I’m paid bi-weekly) I could pay the loan off right about when my grace period would end. Although, this would require that I am offered a full time offer AND accept it.
Each payment would come out to ~$400.14. This is great since I can cover the dispersed loan payments and have more than enough left over for adding to the emergency fund.
It’s a “rule of thumb” that you should keep three to six months’ worth of expenses. Some even suggest keeping nine to twelve months due to the high rate of unemployment.
The rate of unemployment is getting better according to this source though. New 5 year low at 6.6% in January 2014!
For me, I live at home, and I’m so astronomically lucky that my parents enjoy throwing money at me. In college, my mom used to call me every week to make sure I had enough money. Needless to say … I always did.
In fact, this constant influx of money probably delayed my understanding of how to appreciate and save money. Not to say that it isn’t my fault … but yeah. On top of this, my meals are all made for me. Mom makes breakfast, brown bag lunch, and dinner.
So, point being I’m not too sure how to allocate for my emergency fund. I don’t plan on living at home for any longer that I have to, and that hinges on whether or not I choose to pursue a full time career or pursue a graduate degree. I’ll write a post about this tomorrow most likely.
For now, I’m just going to put 15% of my bi-weekly paychecks toward an emergency fund that can grow on it’s own until I feel I have enough saved.
Current Investments (Real and Virtual)
My portfolio with Optionshouse is a mish mash of speculation and lack of investment knowledge. But hey, it’s virtual money and I’m in the process of learning.
I recently learned what an option is. An option is the right, but not the obligation to purchase/sell a given security after a pre-determined period of time.
I plan to learn more about diversification and understanding the different vehicles available to me.
And if I choose to pursue a full time position at a company then obviously match my employer’s 401k contributions.
Opening a Roth IRA is in the near future as well, but I’ll save updates about these things for when I actually have the opportunity to open them.
This is my current balance:
I’m very excited about the future of this cryptocurrency.
There a few “articles” written by “knowledgeable people” about the future of this currency.
There are also articles about the farce that dogecoin might be.
It’s difficult to understand all the aspects of the market, future, and other various factors that surround dogecoin. Although, I would venture to say that the vast majority of people acquainted with dogecoin would agree that it would fall under the category of risk capital.
I am willing to put money into investing in dogecoins (as I have). But I am not sure as to how much I should invest. One of the quotes from what I have read alluded to “insulating” yourself from the market by purchasing $5 worth of dogecoin daily. This practice may prove useful, but I’m still so ridiculously ‘green’ when it comes to investing.
Edit: Found it! Dollar Cost Averaging!
I’ll do more research into investing, but for now I should probably stop spending my money on dogecoin 😛 It just isn’t good practice to be investing purely on feelings and emotion.