I have some extra money coming in. My plan is to put it to savings rather than dial up retirement investment given the economic outlook. That makes sense, right?

like
Posting as :
works at
You are currently posting as works at

Watch for the bottom in the market then jump in. Probably when the new case numbers start to ease up in the US. There will be an epic rally that rivals the one after the housing crash.

like

You’re never going to time the bounce perfectly. Just be poised to act quickly.

like

If you have a long time horizon you can buy into a diversified index fund. Savings yield will be close to 0%.

like

Agree with person above. As long as you have time and can stomach seeing investments go down at first, invest! You will be able to earn a good percentage when the economy recovers. Savings earns basically nothing

like

I am buying into the market now - it’s low and with a long enough time horizon the gains you will make will be fantastic! It’s like 2008:2009 all over again - very scary in the short term, but in the long term you’ll make a very pretty penny!!

like

My Amex savings hasn’t budged at 1.7% yet. Not great, but something

It’s inevitable. I’m surprised it’s stayed this long. Dropped pretty quickly from 2.1% a while back

like

If you’re young put it back into the market. Future you will thank you.

Jump in when the curve flattens. I’d wait for now

Related Posts

How do you all calculate your net worth?

like

How much are folks putting away in 529? I got 2 kids (6 and 3) and we are doing 750/month for each kid. I know there is a lot of factors here, but trying to get a general feel.

like

Hi All,
One of my friends has recently joined capgemini and has following doubts related to tax proof.
Can we edit the tax declarations in HGS portal every month any day?
Does Capgemini asks for rent agreement along with rent receipts as a part of tax proof submission?
Also which proofs needed for,
80c - elss lic
80d - insurance for senior citizen parents
80ccd1b - nps

By investing 50k/annum in NPS I can save 15k tax per year.. Suggest me I should opt for NPS or not?

Hi I was looking at shared ownership due to the current climate and wanting to save more for a bigger property later on. Anyone has successfully used this scheme to save and buy something else later? When is this scheme a valid option?
Thank you in advance

like

I’m super burned out, I just turned 28 years old have around 150k saved up, would taking a year off with no job lined up to travel the world be a bad idea? Part of me really wants to do it, but then part of me is scared. Tbh I’m the stereotypical guy who always played it safe when it comes to life and feel like this could be fun and different, any advice/recommendations would be appreciated!

like

I am in my mid 30. Is target fund 2040 a good option to use for my pre-tax 401k account? Thanks

like

With the looming recession, is now a good time to buy a house? Will home prices stabilize or cool off during or even after the recession? Ive also seen some houses selling for large price cuts.

like

Maxing out HSA beginning of the year - how do you do this ? My plan automatically contributes over the year, but if possible I would like to max the whole thing out in Jan. I’ve seen other people do this, but don’t know that its possible with mine.

like

I have 15 pairs of Jordan 1s, 130k debt, and no money. I don't know why I clicked the link to join this bowl.

funnylike

I want to sell my house but there seems to be water damage and I’m worried someone will lowball me, what should I do?

like

Do we need to do anything special to accept international investors?

like

I'm finally going to put some money (only about 5k) into cryptos. What coins do you recommend focusing my research on?

Who is doing dollar cost averaging vs trading? I'm a fan if dollar cost averaging!!

like

Can someone help me with this? I had a low utilization since pandemic, I.e., ~sub 5%, but never missed any payments. Would credit score be impacted if only one line of credit with a low utilization?

Too few accounts currently paid as agreed
FICO®

Scores consider the number of accounts that are paid as agreed. Your score was impacted because the number of these accounts is too low, or because you've missed payments recently on some of your accounts.

like

If I started at MBB in 2020 but missed 2023 on cycle, will funds look at me for 2024?

like

Should I pay down my student loans or wait to see if Biden keeps his word about the student loan forgiveness?

likefunny

What will be the inhand for this with proper taxation?

P.s: want to compare with another but fishbowl don't allow to add 2 images
I just shared that too a while ago.

Please help i think the gratuity is extra

Post Photo
like

Does anyone have ETF recommendations for someone around late 20s?

like

More Posts

After holding an Higher offer , can I ask for a counter offer to infosys ? Will they give an counter offer ?

like

Anyone have a view on general, non tech salaries at Amazon?

like

Hey guys I got an interview call for salesforce developer at pwc. How’s pwc for Salesforce @ / ncino also how much can I expect for a 2.5 years of experience currently at 9.4 ctc.

Best Product based companies other than FAANG which pays equally good and wlb?

Especially for Data science roles, Any thoughts?

like

Do many firms have associates sitting in internal offices (with no windows)? Does this bother you?

like

How difficult is it to switch from civil engineering to electrical engineering?

like

Does anyone have any advise on White & Case? Environment wise is it professional? No screamers? Are the lawyers and partners nice?

like

Hi fishes, I have to negotiate with healthifyme, what do you think how much they can pay to a dietitian, 3 years experience.

like

hungry, skilled, and looking to apply for any open video positions.

like

Hi fishes,

How many project mphasis allow for a employee bcz within 1 year I have worked on two project. What will if 3rd or 4th .will they terminate .

like

How is basil mondale project in terms of pricing and future growth?

like

Can some one refer me for Operations Manager II, FC Operations ?

like

In a recruiter perspective, how is the background check process done when there’s a third party company involved? I’m assuming information is provided and recruiters reach out to previous employers correct?

like

Got a friend referred me to a Strategy & Ops post. Today she said she got notified that my application has been passed to Hiring Manager for review. What’s next and what should I expect? Thanks!

like

Hi 🐠🐠

New to the concept of ESOPs. Apologies for the noob question.

If a firm says they will give $X amount of ESOPs- at what value is the no. of shares calculated? The value at the time of starting your role? The value at the time of actually getting the shares? The value at any other time?

Thanks!

like

Did anyone have an opportunity to make a career pivot but turned down the opportunity, and regretted later? Or was the absolute right decision? I have an opportunity to switch careers. I’m already in a good role (managing an analytics team at an established pre-ipo tech firm) and started here 5 months ago. But I’m wanting to try something else (product management). I got an offer from a startup to try out the role but am scared I might fail at the role or the startup (series A) will not do well

like

Finish the lyric game:
🎶She gon shake like a red nose, like a red nose 🎶

like

Are all online applications being looked at/screened or are some filtered out automatically when certain information is not filled out or not sufficient (e.g. GPA)?

like

Additional Posts in The Worklife Bowl

Was this the COVID bowl?

like

I’m such a pig for spending $1000+ on food and grocery since 5/1 and it’s not even 5/31 yet 🤯🤯🤯🤯

funnylike

For those who know AB InBev, I have an idea for my own BnB called AB InBed where you get AB InBev beers 😂 what do you think?

like

Confession: I wish I have the confidence of my straight, white, male coworker.

likefunnysmartupliftinghelpful

Any idea if private pools (apartment or condo) can open this summer? Fingers crossed

like

People with perennially clean apartments and who don’t have a cleaning service...how do you do it!!? Do you set aside time to clean up every day? Constantly pick up after yourself? Is there some secret I don’t know about? Maybe I’m just a slob.

likeuplifting

Quarantine silver lining - my horrible habit of wasting groceries has disappeared. We're eating everything we buy for the first time ever. Anyone else seeing the same thing?

like

I realized that a lot of people have nothing to do with their lives apart from work & commute. Just because they want to work all day, I don’t, so stop wasting my time with useless calls/small talks.

likefunny

Has anyone ever done a car lease takeover? Yay or nay? I thinking of getting a car to get through these weird times but want a short term commitment...

like

People who like cream cheese in their sushi are heathens - don’t @ me

likefunnyuplifting

I’ve lost track of the days. My new unit of measure is step count. Is anyone else tracking their daily step count?

Post Photo
likefunny

I was thinking about volunteering to be a poll worker this year, because I know that many of the usual volunteers (largely older folk/retirees) will understandably choose not to volunteer this year. Is that too risky, do you think? *Someone* has to do it, and I’m 30 and healthy so less at risk. I’d of course wear a mask (and maybe a face shield too).

likesmart

Contemplating adopting a dog, but would be in an apartment. Preferably would like a low energy dog that needs to be walked and mostly enjoys cuddling. Any suggestions? Also prefer medium to large size dogs.

like

Anyone else think this whole supreme court replacement argument is silly? We have people calling for civil war but at the same time the democrats nuclear option is what led us to this. I for one wish we had more moderates, but I think it ridiculous people aren’t looking to mistakes they made several years ago and are just complaining about the consequences now.

like
like

Thoughts on open seating? Good or bad?