Reddit Posts
Mentions
Do they? I got royally shafted by FAFSA. Neither of my parents had much money so I paid for my education 100% on my own, but despite that fact my parents income still counted for the EFC and reduced pretty heavily the amount I got for aid.
I dumped RITM and mbs heavy EFC when this all started and made some money. They're both down now but not as much as I expect. But I also expect the trump induced recession to scythe a large path of carnage across the residential real estate and mbs market. A recession and high interest rates plus high inflation from tariffs will be brutal on that sector of the economy. Looking for some bargains, but not getting into much. Looking for a good ADM competitor as people will still need to eat but the food processing level is mediocre and I already have UL.
It's a bit more complicated than that. ABR and EFC are mREITs - it really depends more on the spread between short term and long term interest rates. And the credit risk in the MBS's held by the companies. An mREIT like ABR is already pretty diversified - they hold MBS's in a wide variety of commercial property types. Both companies are required by law to distribute 90% of their net income so dividends would not be cut by management unless there are net interest income issues.
You have to understand why the dividend is being distributed and why. I'm not familiar with TORM. But ABR and EFC are mREITs or mortgage REITs. They can be a simple way for investors to get exposure mortgage-backed securities (MBSs). An mREIT is sensitive to interest rates and credit quality of the MBSs. So investors in mREITs like ABR and EFC are looking at the interest rate yields when investing in mREITs. A very popular mREIT besides ABR and EFC is NLY and AGNC. Also - a REIT is required by law to distribute up to 90% of it's net income to investors - that's why the dividend is typically higher than equity stock.
ABR is flat over the 5 years....so you are relying on dividends to continue. For that is a risk that I would rather spread in an index. PE looks good, but that can fade also. EFC...same thing. If dividends do get cut this will sink to the bottom.
That’s not even possible to do with grant money, the school touches it first and the maximum allotment isn’t that high. Source: someone who needed the Pell Grant (EFC 0) to attend a state college and got a Bachelors in Accounting.
Safe Long Term Growth Stocks: Google, Apple, Netflix, Meta(Facebook), Coca-Cola, Home Depot, Nvidia. Dividend Stocks: (wont make a lot of money quickly but will pay every month, yes these 2 pay every month) EFC and SCM
Yeah I'm just trying to get the max payout of monthly dividends. I'd go with EFC but it seems they're trending lower. I might put some into SCHD though.
SCHD Seems to have lower dividend yield than O, MAIN, and EFC.
I don't like boxes so I just started a brokerage account for my kids. It's not a custodial brokerage and it's just solely in my name with my wife is a beneficiary. This way only 5% is counted against EFC as opposed to 20% if it's a custodial account when applying for any financial aid. I also pick my own stocks and individual stocks as well so I wanted that freedom and most 529s don't give you that. More importantly, I didn't want to suffer paying income tax and a penalty if not withdrawing it for school expenses for them. I want to be able to use the money for things like helping them buy their first house or if it was money to help start a business. I know I'm losing the tax advantage but there's no restrictions. If I were doing it today the only thing to maybe consider differently is with the new Roth rollover rule to start a 529 but underfund it pretty significantly. For my state I can write off up to $8K annually in contributions but I wouldn't even go that far, because the rollover can't exceed the Roth rollover limit, which right now is $7,000 so it would take you 5 years to even roll it over and you have to hold it for 15 years to be eligible. At most if I were to start a 529 I would fund it with $2-4k per year with having 14 years left till my oldest turns 18.
O is 30% of my portfolio lol. Auto invest on the dividends. My investments are very basic and low risk. EFC is my highest risk equity and less than 10% of the portfolio.
[It's a trap](https://static.wikia.nocookie.net/star-wars-memes/images/c/c3/0F8D75BC-6506-4846-8C68-1EE9687EFC03.jpeg/revision/latest?cb=20200419180439)
Need to make it brief. They are treated like etfs so you can buy 1 share, 1000 share same trade trade or hold for years. Payout is more like once per quarter. Yield starts 6-10%. No the company saves capital gain tax by distribute 90% of capital gain to investors in the form of a dividend you still need to pay capital gain tax. There are plenty but these look reliable. You can grade them by their ratings somewhat like bonds. AGNC#, EFC-#, NFY-#, RITMA# where # are their funds a, b, c, d, e, f.... Like I said I do not know how their portfolio mature dates and last 2 years I never missed a payment. When interest changes not sure how they affect the market price. I do not look for long term. Most are owned by big players like Vanguard etc.
I sold almost all of them off but EFC fucked me over pretty hard. Though they’re in the green today
In my personal experience they don’t count your assets otherwise I wouldn’t be able to have an EFC of 0. I’m not sure if that’s due to the automatic EFC of 0 based on income or something else.
Crypto spread is even more liquid, usually around 25%. Im short Bitcoin, so long BITI. I don’t understand corporate bonds very well but the whole chart seems bearish. Just put your money in EFC preferred stock for a 8.5% dividend and less stock value decay.
Fintech is over-hyped but I don't see it falling off anytime soon. Same with AI & biotech (GLP-1 drugs are relatively new on the market and LLY has doubled in the last year). The Fed is too tightly controlling of the housing and money supply for housing, treasury bonds, or STRIPS to crater any time soon. The market is priced in already for high interest rates. ​ Honestly I think the first indication is the Forex market; the dollar has been losing value against both the Peso and the Euro recently which shows the dollar is losing value both in mature (money market) and immature (manufacturing and commodities) markets (the Yuan is a totally isolated and uncorrelated market). Keep an eye on PSLV (or silver in general); it rose after quantitative easing in 2020, but has held steady for nearly 2 years. If the market is going to crater, Silver is usually used as a hedge against that. Another companies I see as falling quickly in value (if only temporarily) isTesla (over-valued and based hugely on sentiment). ​ My good bellweather for this market, especially because of FOREX conditions, is BITX, the 2x Bitcoin bull index. If you want to invest in a company to sit on it, get EFC preferred stock. Pays a good 10% dividend regularly.
Hey, thanks for the heads up! I understand this is WallStreetBets, not r/cryptocurrency. My interest in alternative investments comes from a specific angle—I'm looking for options that won't impact my FAFSA Expected Family Contribution (EFC). Transactions outside retirement accounts, like an IRA, could affect my financial aid status. I'm just exploring strategic moves that align with the college hustle. What are your thoughts on this? Is it a bad move to stay in the IRA game and not invest? I'd love to hear the community's insights.
It was $40, and I hesitated, skeptical about its authenticity. Presently, the majority of my funds are tied up in long-term index investments within IRAs. Making conventional investments is challenging for me, as I need to maintain a low financial profile to meet the FAFSA EFC requirements.
my dads in prison and my single mom got me an EFC of 0. im looking into a more time, better paying job (i only make 11.25) in college that might hopefully get me some connections
ABR, EFC, O, MPLX Basically what I did in 2020, and the resultant divs are enough for me to work one less day a week.
This is not easy because there are limited options to get it out penalty free, which makes it different from any other tax-advantaged account. The rest are all upside, can't go wrong decisions. There are a mix of factors that would make you go for less or more. **Less 529** * Just Can't Afford It or in the 0% LTCG Bracket Anyway * Retirement Funding Doesn't Meet Retirement Goals * Plan to Fund a Limited Amount of College Costs * Prefer the Flexibility of Taxable to Avoid 10% Penalty * Min/Max the EFC for Financial Aid with Asset Placement (retirement, home equity) **More 529** * Can Spread over Lots of Beneficiaries (lots of kids, etc) * Want to Create Generational Wealth (estate planning tool, pass on to grandkids etc) * Want to Pay for Private K-12 (can be assured that it'll be depleted) * Want to Go Back to School Yourself (also helps to guarantee depletion) * Plan to Give it to Kids Regardless, Eating the 10% Penalty if Not Needed for College
I flip stocks every day to keep afloat. Still never missed a credit card payment. It helps my tuition isn't too pricy, though I won't be classified as an in-state student until the start of next year. Once I am, my tuition will be totally covered as my folks' taxes report their EFC as $0 a year lol.
Not necessarily. Federal loans were lower interest when I started school (maybe 4%? They were not too bad), but over a period of time the rates crept up for fed loans to 6.8%. This was for last year or two of under grad and for both of my grad years. My family was middle class so my EFC was high -- despite the fact my parents were not/could not pay my tuition, even though I was attending an "affordable" state school-- so I didn't qualify for subsizided loans, meaning interest accrued from dispersement (vs subsidized loans where it doesn't accrue while in school). Theres thousands of dollars of difference from accrued interest added to the final bill there alone. I didn't qualify for Pell grants due to EFC, either. I had to take out private loans to cover tuition and room/board, since my income from working barely covered my bills. My private loans were variable rate, around 3-4% though school and remained so several years after graduation. They accrued from dispersement so they were comparable to the fed loans when I started college and were better rates than my fed loans overall. However, I could also find and qualify for private ed loans that had loan origination fees, so that added thousands to bill in addition to accrued interest. My private loans crept up into the upper 5% before the pandemic, however. Fed loans were 10 yr repayment, private were 18yr repayment, and I paid the full every mo for 8 or 9 years (1k/mo) then refinanced twice to lock in lower rates into upper 4% and then 3% ranges. Fed loans have programs, like IBR plans, etc that private loans do not qualify for, though. Many people do not refinance fed loans because of this.
Absolutely I filled it out. Combined income of around 70k. I don't remember my EFC number from back then but I didn't qualify for any grants. Got ram rodded with loans.
I have a tiny bit of OMF and EFC but EFC is starting to scare me....
i usually an advocate but even i am getting weary eyed from them. Remote work is devastating commercial, and high interest is hurting residential. The quandary is that REITs already own the majority of there assets. The book value on a lot of high yield ones are getting ridiculously high. example, EFC book value is 15.12$ and its trading at 11.25$, a book value of 1.34. Where as a good book value is anything 1.0 and above. Most off them can still pay there debts fairly well, dividend included, and have assets that exceed there stock value. Its an odd time fore REITs, my best guess is if you look for specific types you can find good ones, probably should avoid MREITs right now at the very least.
So, from a paying for college perspective, the money held in your son's name will count much more than money held for the benefit of him (the 529) or in you or your spouse's name when colleges calculate your Expected Family Contribution. You say you're not going to get Federal Aid, i.e. Need Based Aid, but Merit Aid (non need based) can still be a lot of money depending on the school (especially any private school), and EFC is used to calculate it. For example: you have a 529 in your name for his benefit in the amount of $35,000, this money would count against you at 20%, so it would be $7,000. A brokerage account in his name for the same $35,000 would count at 80% or $28,000. That $14,000 difference might mean a lot of money coming your way as merit aid if only you'd kept it in the 529. Personal example, my son had $1900 in his savings account that we had to list on his financial aid application. Guess how much money his school said he should expect to pay as his contribution (not my contribution). Yep that's right, $2000 is what he should expect to contribute to his own education his freshman year. I suggest you attend some of the free seminars by Andy Lockwood of Lockwood Test Prep, he explains it way better than I have. Also, my percentages in the example are from memory, so I may be off by a little bit. Finally try a couple of the free calculators you can find on private college websites. Play with the number a bit. Sometimes moving some money around can really make a big difference in how much merit aid you get.
Look at the spread between the bid and the ask on the option chain when the market is open. For instance, the spread between the bid and the ask on the AAPL chain for 1/20/23 will be 1 cent when the market is open on Tuesday for the strikes that are close to ITM. To contrast, look at the bid/ask spread on the option chain for something like EFC. There are times I can't catch a bid for that stock.
No, it's [real](https://www.bbc.co.uk/news/business-your-money-64021412?at_bbc_team=editorial&at_ptr_name=twitter&at_link_origin=BBCBreaking&at_link_type=web_link&at_format=link&at_medium=social&at_link_id=6C153E4A-7F91-11ED-89D9-C18EFC756850&at_campaign_type=owned&at_campaign=Social_Flow)
529 balance will count as part of the Expected Family Contributions when it comes to calculating financial aid. A better way is to have the grandparents open a 529 on your child's behalf. A grandparents' 529 is not taken into account for EFC.
I am a novice at investing. I have been looking at high yield dividend stocks. Some have monthly returns and kinda inexpensive. AGNC ~15% BRMK ~15% EFC ~14% CIM ~20% Gotta watch out though with price changes you need to make sure the stock prices are going to wash out the dividend gains. Again, I am a novice.
Relax. Nobody is judging you. I just don't believe you. If you lived below the poverty line until you were 15, we can safely assume your family didn't suddenly become flush with assets in the two years between poverty and the year you applied. Your EFC would have been calculated by FAFSA and CSS by looking at your family's tax return from when you were 17. A family with a gross income of $200k/year and no assets would **not** be full pay. You either didn't attend a school that meets full need or there is something else you aren't saying. But maybe I'm missing something. What was the school and what were the years? The $2,500 also sounds off as you would have had to go with private loans for at least $340k, and those don't offer IDR plans.
Well, I came here to make a quick joke because this subreddit does that all the time, but since you decided to be a cunt, let's chat: I was a Pell Grant lowest-tier EFC 00000 who worked a MINIMUM of 40 hrs throughout school. I commuted, applied to every scholarship, and even got awarded a few. I had every loan I could possibly take; still couldn't complete my degree. I would've just taken the debt, but I didn't even have the luxury of getting private loans with no credit, a used car I bought cash, and a low-wage job. I just accrued debt and had to stop attending - no more loans. Couldn't even get approved for a credit card from my own employer that offered it to me. I had an issue with scheduling a proctored test at one point. The professor didn't believe I wasn't available. I went to his office and showed him my work schedule, which was 7-days per week for the prior 3 months. He said "Don't you think you're trying to do too much?". Well, buddy I'm out here soing everything I can to get ahead in life. I blame the system for having artificially inflated prices, and as a result the people who can pay for college are: people with generational wealth, a parent that could save for them, or getting conned into joining the military because they use college as a bargaining chip, or the tremendously lucky. So anyways go fuck yourself.
Assets are a major factor in the calculation of your family's EFC. In the case where a student is a dependent, the student's assets, including a savings account, are not considered in the application. However, the parents' assets, including any savings accounts, are an integral part of the calculations.
Like I said, it is a guess... But you are correct, I am betting that either earnings or CPI are going to drop the price, plus the fear in the market, plus the opportunity for other bad financial news. If both tank I am not waiting for EFC earnings, I'll take profits pretty quickly on all puts. I have been buying puts on SPY, do you like Calls on the SPX better? Would you mind giving me some insight on that?
EFC has to be below around $5,900 for the good stuff. If a family income is much above the poverty line or the family has much in the way of non-retirement-account investments, the kids isn’t going to get much grant/any money. Unless there is more than one student isn’t he family, the EFC gets divvied up in that case. Unless I’m missing something? Currently I’m not really factoring financial aid into my decision for my newborn.
Oh, poor Khabib Nurmagomedov. I hope he kept his UFC money in USD. His little EFC will only make monopoly money now
Nice job !!! I got in at like 10-11ish and I've been riding it on the way down but decided to bail a few weeks back I'm mostly switching to a mixture of OMF, BXMT and EFC. I have random bits of ARI and NLY but will probably not increase them ... What else are u using ?
I am a bot. You submitted a picture of a banned ticker, EFC. The market cap of EFC is **1026622000** This check will fire if you included unnecessary pictures that have bad phrases or a bad crop with news about cryptocoins, for example. Repost with the useless pictures omitted if you did that. Yell at /u/zjz if it's above 1.5 billion-ish market cap and not related to crypto/pennies/OTC.
I am a bot. You submitted a picture of a banned ticker, EFC. The market cap of EFC is **1026622000** This check will fire if you included unnecessary pictures that have bad phrases or a bad crop with news about cryptocoins, for example. Repost with the useless pictures omitted if you did that. Yell at /u/zjz if it's above 1.5 billion-ish market cap and not related to crypto/pennies/OTC.
At least his EFC on his FAFSA will be lower now 🥴
I picked 7 tiles from [https://kevan.org/scrabble](https://kevan.org/scrabble) and got ticker YNCIYEF My picks would be - EFC - YN- CI ​ I can prolly yolo like 500-1k if this makes sense to you all; I'd be much more comfortable with and Orland the Cat or even a Paul the Octopus type of situation, bc I've never won at scrabble- it's actually my least favorite board game; but I'll take what I can get. Remind ME! one year "Do apes play Scrabble?"
The Energizer bunny was originally created [in response to this pink drumming rabbit Duracell ad](https://www.bing.com/videos/search?q=duracell+pink+bunny+commercial&docid=608023140019100423&mid=19CA085AB03ACF8808D119CA085AB03ACF8808D1&view=detail&FORM=VIRE). They've [been trolling Duracell for 30 years](https://www.bing.com/videos/search?q=energizer+duracell+ad+1989&&view=detail&mid=63EFC4EB98F19BD31E6463EFC4EB98F19BD31E64&&FORM=VRDGAR&ru=%2Fvideos%2Fsearch%3Fq%3Denergizer%2Bduracell%2Bad%2B1989%26go%3DSearch%26qs%3Dds%26form%3DQBVDMH)
Ecc and oxlc small closed ended funds. They deal with fixed income securities but I believe a lot of it is related to mortgages like mreits. EFC is an mREIT. They move in parallel most of the time and all have high dividends, with at least efc and oxlc increasing it in the last few months. Ecc and efc are more stable long term, but oxlc might be finding new footing after the pandemic.
PFLT, NRZ, EFC, MMP invest $2,500 in each. All four stocks have a dividend yield of at least 8% and all but NRZ pay out monthly. Have your account setup to automatically reinvest the dividends. In 25 years it will be worth over $80k and thats assuming 0% growth in market price and dividend yield. All four companies have great dividend payout history and if you split the $10,000 up among the 4 companies you are diversified into different sectors.
Advice? Hold off on the UGTMA accounts for the kids. That will tie your money up and be held against them (and you) when figuring out expected family contribution for college. Consider a 529 college plan for the kids, but only do that if you are SURE you won't get any financial aid. There are calculators on line to tell you what your EFC will be college.
Just buy 100,000 shares of EFC and live off the .10 per share monthly dividend
It’s 10c a quarter or 4% pa - I can get 2x that on EFC. Not exactly earth shatteringly high. RU sure it’ll crash?
Wasn't able to get any replies yesterday so reporting. :) Thoughts in mortgage backed securities in today's marketplace? I'm fairly heavy in to TWO, REM (an ETF), and EFC. On average it seems like there is a lot of value left in them and with so much of loans now government guaranteed it seems like a fairly safe bet. I have trailing puts in place at around 6% of the investment at around a 10% price decline. Thinking of expanding my positions but also fear a market crash, the effect inflation may have, etc, etc.
Thoughts in mortgage backed securities in today's marketplace? I'm fairly heavy in to TWO, REM (an ETF), and EFC. On average it seems like there is a lot of value left in them and with so much of loans now government guaranteed it seems like a fairly safe bet. I have trailing puts in place at around 6% of the investment at around a 10% price decline. Thinking of expanding my positions but also fear a market crash, the effect inflation may have, etc, etc.
Same here, i really liked Warren Buffets strategy of reinvesting the dividends and the power of compounding interest over time. Actually was shocked to hear he doesn't reinvest but takes dividend payment for more liquid cash. I got a couple big yielders, OMF (14% yield), EFC(7%), PEP, VYM (around 3% each I think). AAPL, MSFT too but more for growth as there's is pretty small. I'm excited to see what they do over the years.