If you’d have to explain the 1x1 of investment to someone that doesn’t know a thing, what would you say? Where tf do I start? What apps do I use? How much money do I need?

Checking in from Germany, so 401k etc. are not an option here.

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

I like the way some Jewish families do it, allegedly.

Apparently they set up 4 jars kids to allocate their allowance.

1/4 to spend, 1/4 to save, 1/4 to invest (double at the end of week), 1/4 to donate to community.

I think this is the right starting point. The fundamental of investing is income management. Afterwards, you start to think for yourself on what you can or should do with the money saved/invested.

like

1) pay yourself first: make a budget and allocate a dedicated amount each month for investing
2) if you’re new to investing, ensure first that you have a safety fund set-up (3-6 months living costs)
3) think about your investment goal and based on that decide on your investment strategy (e.g. for long-term investing you can look into all-weather portfolio and set up a savings plan vs. you want to invest in Real estate vs. you want to actively trade)
4) only buy what you understand—> Check out “finanzfluss” on YouTube - nice basic videos regarding investing
5) regarding platforms: from personal experience Comdirekt is the best; smartbroker (BNP Paribas) is cheaper but customer service is horrible!!)
6) lastly: for Germany, as you get started with investing don’t forgot that you can also declare it in your tax return (“Sparerpauschbetrag”)

like

Related Posts

If health insurance wasn’t tied to employment I’d quit work. Would love to have a little farm and a dog but I’m very far from this fantasy.

like

Seeking advisement on HELOC…..
Currently married with one child. Own two condos in the state of Hawaii. We moved in with my in laws to get some help with our 2 yr old during Covid. I owe about $150k (market value $530k) on property one and owe $490k (market value $790k) on property two. My wife and I both work and have a combined gross income of $370k/yr. With about $120k in liquid cash, should we try pay off prop one and get a heloc for a SFH?

like

Got married, bought a house, doing a major remodeling, planning to have a kid… safe to say that I am no longer on track with my FIRE journey 🥲

likefunny

Over 12 years of experience in Healthcare vía administration, any ideas or suggestions to transitioning over to becoming a consultant?

like

What are the best associate boards to join for healthcare?

like

I went through two rounds of interviews for
a job that the posting stated $36.66 per
hour (FP&A Analyst)…the company
recruiter had told me in the initial call the
pay could be 32-36 because of the other
benefits. If I do get a job offer what range
should I try for? I was really hoping to get
around the 36-40 but now I feel like they
may try to offer lower than what was
posted. Also there was no range but the
average for this position is upper 70s-90k.
Thanks for any help!

like

So my bipolar dad got declined for a mortgage because disability gets shut off in < 3 years when he turns 65. So now he wants me to co-sign for him. Between housing markets being up, my concerns over his money mgmt, and concerns over tying up my credit there’s no way I can say yes. He sold his house before being approved for the new one he put in for (against my advice). I know he won’t understand and will take this personally, and the family will probably take his side. Gonna be a long week…

like

Hi! I just got converted to full time as a intern, and received this email about 401k which I don’t quite understand. Does the 3% means the match that company gives to me for free? So I don’t have to contribute anything to my 401k while getting free 3% match money? Thank you!!

Post Photo

Hello guys.. what are the benefits like in Wells Fargo?. And the number of leaves. Will they change our shift timings post joining?

like
like

I might get an offer in DHL, how are the company benefits, leave policies and pros & cons of the company ? Can someone elaborate on it ?

like

Does Deloitte offer any fitness fund reimbursement and if so, how much is it? Can we purchase home office equipment with it? Would I be able to get stuff reimbursed this calendar year (my start date is Nov. 8th)?

likesmart

Thinking of exiting to pre-retirement type job. Something non-profit or at least beneficial with decent benefits. Any suggestions?

like

Hey all, I am looking for a freelance Strategist engagement/Omnichannel planner to work on a Pharma/healthcare brand
Dm me if interested

like

Is it normal for a company not to provide paid maternity leave? They said it’d be paid by the state under FMLA for 3 months. Is the FMLA benefit payment taxable?

like

I retired from teaching in an online Bachelor of Science program after six years last year. Also, I have 12 years of hospital and managed care case management. I have three years writing appeals for denied hospital claims. I decided I do not want to retire. I am looking for a new opportunity to work remotely. I have attained a Master of Science in Nursing Education. Please hire me!

like

I need help. Anyone have information of being an advanced medical support assistant for veterans affairs? I got offered a job in the SF valley . The pay Is a bit less but it's about 5.5 miles from my house.close. Why do people pray for government jobs? At the moment I'm with ucla health as an admin assistant float permanent& have been offered permanent placement at a site in LA about 16 miles . The pay seems pretty decent& also have the pension plan. Been here about 2 years no issues.

like

Thinking of moving to pwc, what is the wealth builder? Like why dont they just use a traditional 401k? What are important facts about it?

like

Hoping to get my PHR in the next year or so. Outside of employer reimbursement, are there other opportunities for this to get funded? I know SHRM Foundation offers scholarships for the CP, but I am looking for PHR specific help. Thank you! :)

Anyone had experience promotion during/after pregnancy? I’m working in a team I love and planning to get pregnant. But last week, my boss quit which throws me to an awkward position. If my boss didn’t quit, I have high chance to get promoted at the end of year. But now, everything is uncertain. If I don’t get promoted this year, I prob won’t next year bc I will take a lot of maternity leave. Need some advice here.

like

More Posts

Any Scrum Masters who transitioned from software engineering? Do u recommend it? What steps were taken for this transition?

Why is love so complicated?

likefunny

Any thoughts on the new Spire condos in Seattle?

like

Anybody else have ETH transactions still pending from last week?

Vmware
Or
lenovo

Both offering same ctc in banglore . Pls help me choose

like

I quit. I was respectful. Thankfully, every person I have told has been so nice, and I wasn't immediately bounced out by my leadership (which has happened), but I have been surprised by my own bittersweet tears. If they actually cared, why didn't they say so sooner? I gave so much, and I was consumed by this organization. I invested in them, but my investment and dedication were not reciprocated, which is why I ever even entertained leaving. I don't know why it hurts, but it really, really does.

likehelpful

Christian F in Los Angeles... any guys in LA in theirs late 20s-early 40s?

like

Best pot roast sides... Go!

How do you make the most of legal networking events without seeming too eager /disingenuous but also making sure to have meaningful (maybe even memorable) encounters?

like

Hi Sharks,

Is onboarding physical or virtual?
Anyone joined recently at Deloitte USI Pune office?

like

Can someone please tell me in detail about the child care long term sabbatical leave at tcs?
What is the process, for how long and until what age of the child can it be availed?

like

How much hike does Nagarro give to freshers?
CTC - 4.5 LPA

like

If you could go to a PD or conference on anything in 2020, what would it be?

like

Hi,

I joined EY GDS 3 months back . Now thinking about trying for Canada PR. If i get the PR, is it possible for a transfer to EY Canada?

Also anyone thinking about canada PR? I am trying to figure out about the process and if its worth it?

like
likehelpful

What’s the longest amount of time you’ve asked for when relocating for another job? Would be a cross-country move for me & recently had some family stuff come up that I need to take care of.

like

Bonus unlocked on NYE with a newborn.

Post Photo
likefunnyuplifting

Anyone here with B1 offer?

12/23 Thread (General):

likesmart

Hello tout le monde
Entre bearingpoint et wavestone, quel cabinet conseilleriez-vous ?
Quel est le salaire pour un senior consultant (4ans d'exp) sur Paris ?
Mercii !

like

Additional Posts in Personal Investment Chatter

I make $140k in New York. Should I invest a Traditional 401K or a Roth 401K or do a split?

like

Which career pathway to take, if I reside in BC (Canada)
1) Clinical Psychologist
2) RCIC (Immigration Consultant/ Lawyer)

I’m open to pros and cons or any insights if you work in either of those industries?

Thank you in advance ☺️

like

Blue Prism stock ($BPRMF) on the rise again, with seemingly nothing but good press. Does anyone have insight or a feel on the company’s prospects/plans for 2019?

like

About to get a payout from a legal settlement ($300k-$500k). How would you invest it or what would you do with this money if you got a payout like this? My goal is to build exponential wealth, but would love everyone’s thoughts even if it has nothing to do with investing! (I’m 25, not married, no kids, have about $240k in student loans, and no savings)

like

Well mortgage rates basically doubled so it looks like I won’t be owning a home

funnylike

How much margin is appropriate/recommended on a percentage of portfolio basis? I used to use about 10% but now that we’re in a bit of a correction it’s closer to 20%. I really want to add to positions on these dips but it would only increase the risk given the margin exposure...

like

How much house can I afford making ~80k/year pretax? Also is it worth it to put down less than 20% despite PMI? I know credit is cheap right now, so I’m curious. TIA

like

When you all place limit orders, how do you determine your limit? I was told to never place a market order so I always select limit, but then randomly choose a number somewhat below the current market price with really no rhyme or reason.

like

Would anyone like to share ways they give back or donate? And at what % of net?

like

Should I refinance a student loan of $9000 from 3.85% to 3.33%? I plan on paying within 15 months. Or is it better to invest?

like

I have $40,000 in savings and 0 debt. Looking for additional sources of income, how can I get started in real estate? Do I need to save more? Currently renting an APT.

like

If you were to attend a 1-2hr free financial seminar, what would you want to learn? I'm thinking of hosting a free financial literacy workshop that will actually make a budget and networth statement.

likeuplifting

If you have a side gig/small company that you run while working as a consultant, how much extra compensation does that bring you in each year, on average?

like

If I get a new job in New York but only move in august, would I be able to avoid state income tax for all of 2021 income given I spent over 6 months in Florida ? Have lived in Florida for all of my career thus far.

like

Where would you invest a $100k bonus in the current markets? Was thinking about a split between crypto interest accounts (in USDC), stocks, and crypto… but BlockFi legislation and general shakiness in the markets have me worried.

Just paid off student and car loans, and gave a fair bit for my parents’ mortgage.

like

Can you withdraw money from 401k? What the penalty and how to find out?

like

Well. ARKK is back.

likefunny

How do you calculate what tax bracket you will be at when you retire? Keep reading choose the option based of what tax bracket you will be at retirement but I literally have no clue

like

Has anyone invested in a Alumni Ventures group VC fund (e.g. Chestnut Street Ventures, The Yard ventures, etc.?). Is there fee and return structure competitive?

likehelpful

Looking to invest in some new stocks. Any recommendations? TIA

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal