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Random health and exercise thoughts - Page 3563

post #53431 of 57266
Quote:
Originally Posted by Khayembii Communique View Post

Good idea if he wants to go past due on scheduled interest payments.

Umm what? You pay your schedules payments but send principle only checks that reduce the principle. I have done this maybe 7 times so far while buying both machinery and cars and it has saved me thousands of dollars.
post #53432 of 57266
Quote:
Originally Posted by fuji View Post

How? The yearly return will always be 6.5%. If he pays down a grand this year he saves $65 interest. Next year he will save 65*1.065 because he paid down that grand. It's just 6.5% returns every year. The actual rate of return doesn't go up because the amount it's compounding on goes up.

You're right, I always make this mistake. This is why I'm not in levfin
post #53433 of 57266
Quote:
Originally Posted by tesseract View Post

Umm what? You pay your schedules payments but send principle only checks that reduce the principle. I have done this maybe 7 times so far while buying both machinery and cars and it has saved me thousands of dollars.

Ah, thought you meant he send in only principal only payments.
post #53434 of 57266
Quote:
Originally Posted by Khayembii Communique View Post

Ah, thought you meant he send in only principal only payments.

No no, when analyzing this you need to understand teekay is a military man, doctor and competitive bodybuilder. He has the mental fortitude to budget a few thousand a year towards principle so he pays it down quickly.
post #53435 of 57266
Quote:
Originally Posted by Khayembii Communique View Post

You're right, I always make this mistake. This is why I'm not in levfin


Rejected by lev fin at HSBC last year at final round, it was a bad feel. I went to that bulge bracket though so they can fuck off. Elite boutique AM this year.
post #53436 of 57266
Yeah plan is to pay it all down within the next 1-2 years.
post #53437 of 57266
Quote:
Originally Posted by fuji View Post

Rejected by lev fin at HSBC last year at final round, it was a bad feel. I went to that bulge bracket though so they can fuck off. Elite boutique AM this year.

levfin sucks anyways, might as well go commercial banking. Fuck that
post #53438 of 57266
403b is essentially the equivalent of a 401k, except it's usually offered to public school educators. Your fiancée a teacher?

Contribute enough to the 403b to receive the max contribution from employer. Any additional funds can be used to pay down the 6.5% loan. Hard to beat a guaranteed 6.5% return on your money but I wouldn't be willing to sacrifice FREE money from employer in a tax advantaged retirement account.
post #53439 of 57266
Nah she's also a doc working at a university hospital

ty men for the advice
post #53440 of 57266
Quote:
Originally Posted by Khayembii Communique View Post

levfin sucks anyways, might as well go commercial banking. Fuck that

Meh I like debt products, find all the different types and their pay offs kind of interesting. Used to write some bullshit in my cover letter like "I am fascinated by the variety of different debt products and how I will be able to use my powerful quantitative and analytical abilities to create unique solutions for clients". Not really sure what the job entails I'm probably thinking more of DCM, but it seems more fun then fucking IBD was. I wish I could do something quant, all this maths is going to go to waste.

Quote:
Originally Posted by ellsbebc View Post

403b is essentially the equivalent of a 401k, except it's usually offered to public school educators. Your fiancée a teacher?

Contribute enough to the 403b to receive the max contribution from employer. Any additional funds can be used to pay down the 6.5% loan. Hard to beat a guaranteed 6.5% return on your money but I wouldn't be willing to sacrifice FREE money from employer in a tax advantaged retirement account.

Is it? S&P hovers around 11% and I'm sure TK has a fairly long investment horizon.
post #53441 of 57266
Quote:
Originally Posted by fuji View Post

Meh I like debt products, find all the different types and their pay offs kind of interesting. Used to write some bullshit in my cover letter like "I am fascinated by the variety of different debt products and how I will be able to use my powerful quantitative and analytical abilities to create unique solutions for clients". Not really sure what the job entails I'm probably thinking more of DCM, but it seems more fun then fucking IBD was. I wish I could do something quant, all this maths is going to go to waste.
Is it? S&P hovers around 11% and I'm sure TK has a fairly long investment horizon.

M&A is the best. If you're not in it you're doing it wrong (buy or sell side).
post #53442 of 57266
Quote:
Originally Posted by fuji View Post

Meh I like debt products, find all the different types and their pay offs kind of interesting. Used to write some bullshit in my cover letter like "I am fascinated by the variety of different debt products and how I will be able to use my powerful quantitative and analytical abilities to create unique solutions for clients". Not really sure what the job entails I'm probably thinking more of DCM, but it seems more fun then fucking IBD was. I wish I could do something quant, all this maths is going to go to waste.

Is it? S&P hovers around 11% and I'm sure TK has a fairly long investment horizon.

Key part is "guaranteed". There is no guarantee that index funds (or whatever you choose) will return 6.5% during the life of the loan. If we are talking historical averages, sure. But a loan at 6.5% would be psychologically troublesome to me. Depends on one's debt aversion.

FYI, student loan interest is not tax deductible. However, mortgage interest is.
post #53443 of 57266
I mean -- it's not a particularly large loan given the field I'm in. Having debt itself isn't bothersome if it means I can retire earlier.
post #53444 of 57266
Quote:
Originally Posted by Khayembii Communique View Post

M&A is the best. If you're not in it you're doing it wrong (buy or sell side).


Yeah, but it's fucking boring and most of the day you feel like you're doing bullshit no one cares about because when someone is buying a multibillion dollar company are they going to give a shit that you forgot to use your investment banks colour to represent them in a pie chart or you have too many bullet points on that slide or your text is too close to the company footer. Then on the occasion you get to do financial modeling no one is going to give a shit about your football field because you worked backwards from valuation numbers you wanted to get predicted earnings. I'm sure at the MD level it's great, but I don't believe anyone has ever given a fuck about a pitchbook and they're essentially just a physical manifestation of the investment banks fees because when your doing a huge acquisition you do your own research.
post #53445 of 57266
Quote:
Originally Posted by fuji View Post

Yeah, but it's fucking boring and most of the day you feel like you're doing bullshit no one cares about because when someone is buying a multibillion dollar company are they going to give a shit that you forgot to use your investment banks colour to represent them in a pie chart or you have too many bullet points on that slide or your text is too close to the company footer. Then on the occasion you get to do financial modeling no one is going to give a shit about your football field because you worked backwards from valuation numbers you wanted to get predicted earnings. I'm sure at the MD level it's great, but I don't believe anyone has ever given a fuck about a pitchbook and they're essentially just a physical manifestation of the investment banks fees because when your doing a huge acquisition you do your own research.

lol, you were an analyst. Of course it sucked and was fucking boring. The fun part of being in M&A is learning about all the different businesses and how they work, networking and meeting clients and company execs/owners, and (for the buy side) driving investment returns. Anyways, not sure why you didn't just do IBD->PE like most. PE is best of both worlds and you can move to HF/AM easily if you don't like it.

Also this'll probably rustle your jimmies but we look at a CIM for a grand total of ~20 mins before putting in a bid.
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