Im new to the world of trying to be smarter about growing my finances and becoming more responsible. Any helpful tips for someone who wants to try to invest? What platform is best to join? I don’t want to do it with large amounts to begin with, more so learn what to do. I’d love any guidance and advice! Would also love thoughts on the best HYSA in your expert opinions. Thank you in advance.

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

Start with the basics covered.

Post Photo
likesmarthelpful

This and similar charts are very helpful for those just starting out. I think there is always a debate whether HSA should be above IRA but either is a good choice

smart

Do you have a 401k? If so, start there for investing. As far as HYSA, depending on how much you are putting in it, it may not make much difference. I have used Ally for many years and it is easy to set up. They don’t have the highest rate but I don’t keep enough in it to matter. If you have a taxable brokerage account using a money market fund may be better than most HYSA

smart

If you are comfortable picking your own funds it may be a little cheaper but that depends on what your other fund options are. Also depends on the expense on the target date funds. If they use index funds in them, they are probably fairly inexpensive. Using a far out target date is likely to be 10% bonds, 55% us equity and 35% international equity. That is reasonable to me.

If you're interested in investing, others shoud point you to online platforms, so I'd recommend reading this free book by a community college instructor: https://wonderprofessor.com/123/i2i/Intro2Investments.pdf

It's pretty solid all round, funny too so it's a joy to read, and the first two chapters (Intro and mutual funds) give a good 80% overview what to look out for (as he says in the book, a good chunk of students drop out after a week, so he put the most important info first).

uplifting

Thank you!!!

Related Posts

What’s the rental market like these days? Has the price on 1/1+den places downtown dropped?

like

Get the SPG card now or wait until the new SPG Amex releases?

like

Hi Guyss,
Can you please tell me
- in hand Salary
- how much will be tax deductions &
- how to save tax (in detail ,like how u r doing ) ?

Your help & suggestions will be welcomed from heart ❤.
Thanks alot 😇🙏

Tata Consultancy Accenture Capgemini Infosys Wipro

Post Photo
like

Hi Fishes,
I have joined Globant in February and done the ITR declaration in March but there is deduction of 15K from my salary for April month.
I am not sure what declaration i have missed in taxes.

Also, what should I do so that the same is not deducted from my next month's salary?

Please advice.

Opening a custodial account for my godson. What’s the best play? Index fund? ETF or stocks with dividends? Gonna be at least 15 years so definitely long

likehelpful

Anyone have recommendations on 401k administration and visa process education or certification programs? I know bare minimum on both and really want to up my game. TIA!

like

Client's budget is around $300K and would like an apartment on the East Coast / New England. Thoughts on if this is realistic?

like

PSA: Amex -> B6 transfer bonus now. 1:1 ratio instead of normal 5:4

like

I like my job and live in a cool apartment in a cool city. I travel a lot, I have lots of savings, and I can afford virtually anything I want. I set and meet small goals (ex. run a 10k) regularly...

like

Hell yes for this page. What’s the play on NAKD!? I have a position in shares (not much but don’t have a lot to invest atm). Hold the line? How long? Obviously not as big gains as GME.

like

Hi all, I am early in my career in Tech. 23 years old but very concerned with CA rising housing cost. I’m based out in the Walnut Creek area but understand that houses go 2Million+ in the Bay. Thoughts on getting whole life insurance and taking a loan out against around age 35? Thinking I can leverage an aggressive savings approach this way and use the FHA loan. Any ideas? Pros/Cons to this?

like

Who here has successfully built a side hustle or startup? Who here is successfully creating additional income? Does anyone have resources [books, podcasts, anything] that have helped them?

likeuplifting

Can I pay income tax challan using credit card?

Hello Fishes, I’m trying to validate the Business model through market survey. The business is a kind of agri investment model where one can get an ROI of above 8% annually. Please share your thought process on form generations, target audience, Channels like Linked In , paid promotion etc.,

Best value Bonvoy properties in Singapore, Hong Kong, Beijing, Taipei? Not flooded with points so St Regis-level is out. Love being centrally located, unique decor and pool is a plus. Thank you!!!

EY folks, my regular 401k only goes into the target retirement stock from vanguard. Can I change my allocations to go to another stock instead? If so how?

like

Anyone working in BFS project in Publicis sapient? If so, have you guys submitted your trading account details?
Publicis

I am a direct private lender. I offer fast and reliable loan at 5% interest rate with no prepayment penalty. I can close a deal within 3-7 working days.

Do you have any project/deals that needs 100% funding?

-Jeremy

like

Can somebody explain what will happen to our investments (sip, stocks, bonds etc) , insurance plans etc, if we move abroad (permanently or temporarily) ? Will I be still able to continue them? Sell them off etc?

like

More Posts

Hope each of you have a blessed Day!

Post Photo

Is it mandatory to come office 2 days per week in CBA?Any way that we can do WFH 5 days a week?

I teach primarily 9th and 10th grade Grammar and Composition. I’m looking for engaging PBL for the grammar side of things.

like

What is the best method to learn SAP finance? Do people have recommendations on a specific book, website, or other best practices to learn it?

Do you guys ever go out to gay bars alone? Am a single gay guy in nyc. I want to go out to bars and have basically no gay friends. And wondering if it’s just dumb to go to bars alone.

like

Should I buy a new watch or should I take my girlfriend on a vacation this summer? Both would be about $5k. 🤔

likefunny

“I thought that I gave you clear instructions but from your email I see that you did not understand” 🙃

likefunnyuplifting

Hi All,
I have total of 2years and 4 months of experience in the same company.
My current CTC is 13 LPA (10 fixed 3 one time fixed bonus).
Is this a good package for this much experience or should I look for a change?
Thanks

like

Am I the only one who gets offers from clients with crazy unrealistic expectations about how fast a page can grow? Like no, sorry, I can’t get you 100,000 new TikTok followers within a month.

like
like

Hey Guys,

I currently have 2 offers:

1. Delloite USI (Analyst) - 8 Lpa fixed +10%VP + 75K JB
2. EY GDS (Associate consultant) -8.5 Lpa fixed + 5%VP

Skillset : SAPUI5/Fiori Developer
Y.O.E : 2.7

I have already negotiated with Deloitte with EY offer and the above is what they offered me. should I go with Deloitte USI? Also is there anyone from this skillset from either of these 2?

P.S : IK WLB is thrown out of the windows in both of these organisations,but I just want to try my luck!

like

Has anyone made the jump from FDA to Data and Analytics Consulting?

like

I’m thinking about switching to some type of sales job, but I don’t really have a ton of experience. I’d really like to make $250k per year. I think this would be possible in sales, but what type of sales? And where can I live to earn the most money? I live in rural Texas now, but I’m willing to move if I can make more.

like

Hi, I got offer from Mindtree Bangalore. Anyone from here can suggest if the work culture is good or not because in Quora 2020 there are many bad even worst reviews. So your review/ suggestions I will take them.😞

like

I would love all opinions: My current base is 120k (I never budget with bonus to be safe). Total debt is $650 per month for student loans. I’m currently paying 1k for rent but hate the place. I found a great place but rent would jump to 1.6k for my half of a 2b2b. I’m struggling to justify the large increase, is this rent unreasonable for my salary?

like

Dallas folks!!!
Anyone interested in catching the billy Joel concert in October!?!

like

Where to start. Sitting here contemplating life after a sixer and wondering why I keep getting to this place. I make my family scared of me and push my wife and kids farther away while I think everything is ok.I can stop drinking when I need to focus on work, but when things get out of control I just drink it away. Tired of this cycle but unsure where to turn, but I know if I continue down this path it won’t be good. I am a vet and think I have PTSD, but turn to the bottle when needed

like

Does anyone have a Cloud guru account? Please comment/dm. Thanks

like
like

Additional Posts in Personal Investment Chatter

Real talk, does this mean that gas stations will pay me to fill my gas tank? 😂

like

Do you guys still diversify in different index funds and try to have a balanced portfolio or just invest in voo or vtsax. Also, people who do create your own diversified portfolio do you invest in bonds ( for folks younger than 40) , metals etc?

like

Any promotions on Blockfi for first time user? Also has anyone tried it and received interest on their holdings? Hows the experience?

like

I’m 25. Been focusing on working hard, saving & investing for the past 3 years, and didn’t know how much I’ve truly accumulated and grown. Just finally linked my retirement account & stocks account in today (hence the sharp increase) and am shook 😱. This doesn’t include another $50K I put in real estate. Wow I didn’t expect my networth to be crossing 200K already. I feel so lucky and grateful! 🥳

Post Photo
likeupliftingsmart

When can you afford to buy a house in London ? Is it possible to earn £70k and buy a 2 beds+ house ?
Has anyone financed their house recently, what do the interest rates look like ?

like

How wealthy do you realistically have to be to have homes/property in different countries?

like

How much money have you been spending on food each week during covid?

like

This chart shows why home prices will continue to be high and won’t just crash, but again I don’t have a crystal ball

Post Photo
like

Quick question - Is the Roth IRA contribution cut off based on pre or post tax income? I.e, <$129K post tax for single filers?

like

Would you ever consider buying baba on the HK exchange?

I love this stock and seems like a great value play if you remove the risk of delsiting, am I missing anything?

like

Really got pissed ny Fidelity's customer service (especially their margin team). Which other brokerage has top notch customer service?

like

Any particular reason for the dip today?

like

EY folks, my regular 401k only goes into the target retirement stock from vanguard. Can I change my allocations to go to another stock instead? If so how?

like

Researches have shown that we should just invest in sp500 index fund and how in the long run you can’t beat the market. Having my portfolio grown by 125% in 2 years by investing in 15 individual stocks I’m not sure how true that is. Am I missing something???

like

Need help. I have $13k saved for my kids age 6, 9, 10 in just a high interest savings account which actually decreased to only .50APY. Looking to move it or do something with it to help it grow more than a few bucks a year. What are my options? Not sure if they'll go college route or where life leads them. I'll be adding approximately $300/month this year to the savings.

like
like