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Hi fishes
Can anyone give me a referral?
Thanks!
Community Builder
Guys there’s this boot camp that I came across that trains people to get jobs in Top consulting firms and has a fee plan wherein you pay once you get placed. I just wanted to know if someone here has any experience with this ?
https://docs.google.com/spreadsheets/d/e/2PACX-1vQuKa3k-rG3emxJcfbidCjC0Su85E_BKqW9cTeFZMY4xg4LnUVxOLrpcETqf7d-iEePlFh6lJ1knwwD/pubhtml
Additional Posts in Personal Investment Chatter
Is stock market surging tomorrow?
Conversation Starter
I just hit $200k NW and it’s been 7 months since I made my post (link below) about hitting $100k NW in Dec ‘21.
I’m just mind-blown since it took me 2.5 years to get the first $100k and it’s snowballed from there. I’ve gone from $82.5k TC to $238k TC plus a $20k appreciation on a house I bought at the beginning of the year
Can’t really talk about finances with friends/family so this is the only place I can share milestones like this haha…we’ll see if I can hit $300k by EOY
https://joinfishbowl.com/post_muypy45qoy
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Pro
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Thoughts on Jumia stock?
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unlock all discussions on Fishbowl.
Pro
Should have done that in March.
Pro
Default - 3 months
Mortgage - add 3 months
Kids - add 3 months per
Married - add 2 months
Other dependents - add 2 months per
Low job security - add 3 months
Just my arbitrary formula
If you can’t secure a job is like 16 months u have other things to worry about like the end of the world. That’s too safe but at least it’s an option
Do what’s comfortable for you. If you’re uneasy with 3 months, then don’t. It might not be optimal but who knows what will happen. And your mental state is very important. I rather not have something like that linger. I have a high risk tolerance so I don’t keep 6 months emergency fund
Been having the same thoughts lately since HYSA rates are trash. But I’m on the fence since this money acts as my emergency fund not just for living expenses in case I’m laid off. It’s also for unexpected expenses like a major medical event.
Chief
I'm rush adverse so I'm fighting to not just hard more money.
I think the important thing is to evaluate your risk. If you work for a company or in an industry that is iffy right now, or of you are single income household with a mortgage or you have kids or what we. Those are the type of things that necessitate more emergency savings.
If you're young, not mortgage, can move back home with your parents and/or have relatives that could spot you in a worst case scenario, your real risk is relatively low and you'd probably be fine with 3 months.
I put it in the market - I figure if there were some catastrophic event which caused my investments to suddenly drop by 50% and I could still pull out (access to cash in roughly a week for a funds to settle) and cover my expenses for 6+ months, it’s a safe gamble
How do you feel about job security, do you have a partner earning income, anything expensive that you think might come up soon? If not, maybe invest
just remember you may have unemployment insurance as well. Though I have heard bad thing in the pandemic....
I feel I’ve been insanely too conservative with 1+. It would have been better to invest in safe index funds.. even if the market tanked - 1. Im single 2. I could move in with my rich sister if I needed a roof 3. I can always lean into my digital experience to book freelance work. I’ve been that way for 10 years and finally realizing it was a huge misstep for investing that cash 💰