Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Show HN: StockNerd – A community for index fund investors

stocknerd.com

Post reply on HN
Print view View original

81–90 of 117 posts

Re: Show HN: StockNerd – A community for index fund investors

#81

Post by jjeaff »

fpgaminer wrote: post #71
ryandrake wrote: post #69

Earlier quoted context omitted.

Jeez, $24k/yr is my housing budget alone, and I went out of my way to live in a cheap area, multiple hours from work.

Yeah, same here, mortgage is huge in these expensive areas. But having the house paid off is part of our FI plan. That's probably not true of the more hardcore FI crowd. They believe, rightly so, that stocks are better investments than a house and that a mortgage is basically just free investment money. I don't disagree, but I want to own a home ... just cause. So our investment portfolio is definitely real estate he…

Borrowing on your home to invest is just a terrible idea. You may see higher returns on the aggregate in the market but doing so is a good way to lose your home. Too much risk and like you, I think the small spread (and it is very small) between your mortgage and market returns doesn't even cover the risk premium of the potential to lose your home.

Re: Show HN: StockNerd – A community for index fund investors

#82

Post by hoopism »

snhelper wrote: post #17
joshaidan wrote: post #9

Earlier quoted context omitted.

> The purpose of the app is to teach others about low fee index fund investing. How does the app accomplish this goal?

We have a discussion area and a leaderboard, plus you can build a simple index fund portfolio and track it inside the app. I hope this helps explain, thanks!

"and a leaderboard"

This is not the idea you are looking for...

You have identified a well known area of interest... but you are not solving a problem. If a problem can't be solved with conversation with a trusted friend or relative then it's a slim chance an app and leaderboard are the right answer.

Re: Show HN: StockNerd – A community for index fund investors

#83

Post by hoopism »

The example images are absolutely hilarious as a parody of exactly what discuss would occur in an app like this:

TomLevelhead: "Index funds are sensible and smart."

MarySmartpants: "I too enjoy the consistency and moderate growth inherit in a diversified index"

Re: Show HN: StockNerd – A community for index fund investors

#84

Post by ryandrake »

pc86 wrote: post #78
ryandrake wrote: post #69

Earlier quoted context omitted.

Jeez, $24k/yr is my housing budget alone, and I went out of my way to live in a cheap area, multiple hours from work.

Where are you "multiple hours" away from work (presumably in a place that doesn't have salaries close to what you make now) and still paying $2k/mo+ in housing?

East Bay, work in South Bay. 580, 680, 880, 280 are all often parking lots during rush hour.

Re: Show HN: StockNerd – A community for index fund investors

#85

Post by rsync »

lukewrites wrote: post #73
baccredited wrote: post #25

Warren Buffet tells his heirs to go 90% SP500 and 10% Bonds. So just buy VOO and BND, rebalance yearly and you are done. OR do a 3 fund portfolio like: https://www.bogleheads.org/wiki/Three-fund_portfolio OR buy a target retirement fund from Vanguard: https://investor.vanguard.com/search/?query=Vanguard%20targe... OR fill out a risk profile on Wealthfront/Betterment and invest there. Bottom line is pick an approach a…

Yeah, I think "a community for index fund investors" already exists, and it's the boglehead forums and wiki. Index fund investing is (relatively) simple and (relatively) boring. Honest questions: What does an app with leader boards, individual portfolios, and stock picking add to that or how does this app fit in with that philosophy? (edit for grammar)

"Yeah, I think "a community for index fund investors" already exists, and it's the boglehead forums and wiki."

A community for index fund investors sounds oxy-moronish to me ...

What's to talk about ?

Re: Show HN: StockNerd – A community for index fund investors

#87

Post by fpgaminer »

jjeaff wrote: post #81
fpgaminer wrote: post #71

Earlier quoted context omitted.

Yeah, same here, mortgage is huge in these expensive areas. But having the house paid off is part of our FI plan. That's probably not true of the more hardcore FI crowd. They believe, rightly so, that stocks are better investments than a house and that a mortgage is basically just free investment money. I don't disagree, but I want to own a home ... just cause. So our investment portfolio is definitely real estate he…

Borrowing on your home to invest is just a terrible idea. You may see higher returns on the aggregate in the market but doing so is a good way to lose your home. Too much risk and like you, I think the small spread (and it is very small) between your mortgage and market returns doesn't even cover the risk premium of the potential to lose your home.

The idea isn't to borrowing against your home to invest.

Rather, the idea is that after you have your mortgage, you put your extra money towards your stock/bond investments rather than putting extra money into the mortgage to pay it off early.

This is because the interest on your mortgage is quite low compared to the long-term stock market returns (7-8% after taxes/inflation). So your dollars are more valuable there than spent paying off your mortgage.

In other words, if you take two people, each buys the same home, but one pours all their extra money into their home and the other pours it into the stock market, in 20-30 years the one who poured all the extra money into the stock market would have a much higher net worth.

Re: Show HN: StockNerd – A community for index fund investors

#88

Post by austenallred »

Uroboric wrote: post #44

Something that's never made sense to me about stocks: Unless you're extremely wealthy, any money you are able to save (outside of retirement money) is probably money you are going to want to use for something to improve your life in the semi-near future. Buying a house or car (or just a better one) for example. With that assumption in place, under what circumstances does investing in index funds make any sense whatso…

Where are you investing your retirement funds? Your 401(k) or IRA can be in index funds, too.

Re: Show HN: StockNerd – A community for index fund investors

#89

Post by jonfriese33 »

Abundnce10 wrote: post #74
triangleman wrote: post #36

Earlier quoted context omitted.

Also worth knowing: Charles Schwab has reduced the minimum investment to $1 for 10 different index funds, many of which have expense ratios of 0.06% or lower. Their S&P 500 fund, for instance, has an expense ratio of 0.03% for any investment amount. Vanguard by comparison charges 0.15%, 0.04% for investments greater than $10k, and 0.03% for $3+ million.

That sounds much cheaper than the 0.25% that Betterment charges me. Do you happen to know if they offer a traditional/roth IRA and how much they charge?

I have a Schwab Roth IRA. They don't charge anything.

Re: Show HN: StockNerd – A community for index fund investors

#90

Post by UK-AL »

Uroboric wrote: post #44

Something that's never made sense to me about stocks: Unless you're extremely wealthy, any money you are able to save (outside of retirement money) is probably money you are going to want to use for something to improve your life in the semi-near future. Buying a house or car (or just a better one) for example. With that assumption in place, under what circumstances does investing in index funds make any sense whatso…

Because some people value retiring a few years earlier over having biggist house or best car.

It also allows you build up capital to say start a business or take some years out.

Post reply on HN