Conversation Starter
Additional Posts in Personal Investment Chatter
Conversation Starter
Hi Fishes! I need advise on a job change. Currently working at lvl 10.2 and and I've got an opportunity in Morningstar where I've been offered a hike of ~33% at the same lvl. I had a discussion with my manager & he said he can only match this hike in March (Fast track basis - lvl 10.1) and will promote me to Lvl 9 by next year
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Conversation Starter
Has anyone tried fundrise?
And we end positive on all indices. What a ride!
Any thoughts on buying tax lien certificates?
Anyone else stuck in QS? Security fraud...📉
Major stocks to start investing in right now
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Rising Star
Other than making sure my emergency fund has what it needs and planned spending (saving for a vacation or other big purchase), I don't really save in cash, I just increase my monthly investment amount.
Rising Star
Between 1200 and 2000 /mo depending on what’s going on. This does not include my life partner’s finances.
Idk how useful these numbers are in the vacuum of salary, life goals, NW etc. So I’ll say that I’m in the very low six figs, low NW, maxing 401k, aggressively building savings after paying off student loans, looking to cover wedding and baby costs in the next couple years, and atm no plans for home ownership but still keeping it in mind from a savings POV
On a yearly basis
$19,500 in 401k
$3,600 in HSA
$23,200 in taxable brokerage (~$1,500 to $2,000 a month depending on life 🤷🏻♀️)
$6,000 in Roth IRA
TOTAL: $52,300 a year towards savings/investing
@A1 - my income last year was $133k
What do you mean by save beside investing? Putting in a savings account? If so I don’t save anything unless I have a larger expense coming up. I have an emergency fund that is where I want it so no more cash unless something comes up. Not sure if I am answering your question but suspect answers will be all over the place because everyone has different facts
It is a balancing act, if buying a house is a priority, estimate what you need for a down payment and when you want to buy. If you can’t meet that goal, either push the date out or maybe decrease investing a little.
Rising Star
What are your goals, and how quickly do you want to achieve them? There is no right answer.
3500-4500 a month towards down payment. We are only investing some in retirement and 100 in normal investing
Well it would certainly depend on what someone is saving for. I saved to get to 6 months living expenses and then stopped after that. Every extra $$ goes into investments. It feels better to start with smaller savings goals “6 months of X” and then working towards bigger ones. So you feel accomplished as you head past the small ones. You seemed to mention that you are saving for a house but I’ve bought 2 houses now, the first time I only spent $12,000 in cash. 2nd time, was $30k (though I could have brought less - $0 down - I chose not to roll my closing costs into the loan).
Annual Savings $152k
Breakdown
$19.5k Roth 401k
$15k Vested Company Match
$15k After Tax / Mega Back Door Roth
$15k Company Stock
$40k After Tax Brokerage
$16k 529 (2 kids)
$13k Vacation Fund
$15k Vehicle Fund
$3.5k Christmas Fund
What did you transitions careers from and into?