What investment vehicle or what type of account should I use to save up for a down payment for a house?

People worrying today should read books on trading psychology! Not being patronizing- it will help you in the future, not just for investments but for doing better in life!

Just watched the Polka King on Netflix and feel a little like Jan Lewan's investors. What exactly am I investing in?

What you prefer to tell when people ask your income?

I usually prefer in hand salary 😇
As CTC and in hand after tax deduction is too much different.😑

If i say i am earning 45 lakh people are like wow man so nice earning...

If i say i am earning 1.5 lakh per month
People are like baju wala builder bhi itna hi kma leta 😂

Par kaise btayein ise ki baju wala builder 12 lakh tax nhi bhrta par ham bhhrte hain 😥

#Tax payers ki khani unhi ke jubani

Financially entering the most expensive season of my life 🤦🏾‍♂️. Making the most bread in the family is all fun and games till you get those christmas lists! Not to mention flights to see family. Do y'all feel like being successful in finance changes the expectations family members have for you, especially during the holiday season?

So, Partners... What's your spending breakdown like? Curious to see what expenses y'all have. # of yrs as Partner may also help.

Thanks for sharing! Again, just for fun and curiosity.

Best place to get pre-qualified for a mortgage?

I have some collections on my credit report. One from an electric company for $800 (imo they violated terms of contract and sent me to collections in spite of their fuck up), and an apartment for $80~ that charged me a cleaning fee when my apartment was spotless.

Despite these two collections have a 712-720 credit score.

So mortgage lenders care at all about the collections or is it mostly the credit score that matters?

(cont)

Anyone been able to work from Dubai for a UK/US firm and benefit from no taxes? I know if you are a US citizen you pay taxes where you are globally, but if you are British, then you only pay income tax on UK income - so if you live more than half the year abroad you are classed as non-domicile resident, but wanted to hear if anyone’s done this or heard about it?

Does anyone know how to declare in my individual tax return, RSA and Stock Options from a US Company that I have? Non exercised yet.

Just received an email from compliance that Wealthfront should be labeled as a brokerage account and needs to be closed. Anyone know how to work around this? Using it just for the cash savings account

Hello folks,

How does everyone save tax
I'm aware about 80C, nps and home loan interest.

Anything else?

Hi fishes

My package is 25.5 LPA fixed. Can someone suggest which tax regime would be better for me. As of now I do not have a home loan to claim tax benefit.
Also what could be the in hand salary in my case.
PF deduction : 153000

Hi All, I am exploring a contract position and they are offering the below. As I am new to contracting, Please suggest which one is better Option 1: $70/hr on W2
Option 2: $80/hr on 1099
I live in the Bay Area, CA if it matters.

Thank you so much !

Indian Govt. won't recognise Bitcoin 🤦‍♂️

Firm wants me to back pay last year FICA tax(Social Security and Medicare tax).
Last year I started working as F-1 and transition to H1b. Firm never withheld FICA tax.

Now they ask me to back pay last year FICA tax and then will send me W2c form.

The catch is I already file my tax without those FICA tax. Should I pay them and file tax amendment?

Best online brokerage platform? Fund selection and trade expenses

If u have a house under my name if i move it to an llc what happens? Do i refinance to prevent a due on sale clause?

I just received an offer to lateral into banking. How does independence affect the stocks I currently own? If I join and my stocks are on a restricted list will I have to sell them? Or will I be limited to being unable to buy more/sell any during the course of my employment.

I have mostly passive investments. I was thinking the other day: what if everyone had only passive investments? Wouldn’t this create incredibly high amount of systemic risk? Are we all sheep??

Tax Loss Harvesting worth it - if the future cap gains exceed what you may save now? Torn between adding more vs harvesting (gains on individual stocks/etfs are minimal to none this year) lol

Poll: Innies or Roast beef? Do front wedgies happen more from one to the other? Asking for a friend

Anyone know if the variable pay is applicable while serving np? I got my last variable pay for oct to March cycle and my lwd is 19th sept... Should I get variable pay for April to sept on my final settlement? Or it will give at least April to June?

Hi all, when do y’all think is a good time to have the “what are we”/“are we exclusive” talk? After how many dates?

Please help me with 11 likes

Safe weekend getaways right now? Meeting a guy for the weekend, can’t stay indoors since my family is with me.

What was the first thing you did once you become partner? I am assuming heavy pressure on selling more than what you were selling before?

I hate going to the Apple Store nowadays.

Anyone here works in blackrock alternative investors group? How’s the culture and career progression like?

So grateful I have my GC and orange cheeto can’t get me now!
F-1 to H-1 to GC to Citizenship ✈️ 🧚🏾
- Brown Tinkerbell

EMBAs — what was your mindset/approach during your program? Did you prioritize school over work? Vice versa? Neither?

Want to prioritize school (mentally) and leverage workplace as a lab to experiment with diff ideas I learn in class (rather than focusing on going above and beyond for the next promo). Is this a recommended approach?

98 almost 99k base salary in San Diego, CA not including the bonuses or OT… is this too low or reasonable?

What the current market situation like for SAP TM consultants in USA and Canada?

Looking for companies that are willing to hire international candidates.

What's the maximum budget in 7A BAND in IBM?Anyone got above 20LPA?

What would be the best overall consulting firm to work for as a Cybersecurity Consultant? Looking to advance my knowledge and earnings potential.

Need your suggestions
I got offer from product based company and intiated notice period in TCS. Now manager is saying he'll intiate on site opportunity for Mexico. And asking to revoke notice only after official confirmation for Visa. What should I do now.
Offered CTC -9.3lpa
Cctc 3.6Lpa

I've been saving for a down payment (NJ) and have a little over $30K saved so far. Where is a good place to park this money?

Looking to open a taxable brokerage after maxing out Roth and 401k. It’s more so for a house down payment in 5-7 years. Can someone please provide insights on ETFs vs mutual funds?

Anyone know about equitable advisors?

Hypothetically, if BBB was delayed and brought to the Senate floor next year (let's say February 2022) and passed, and the January 1st date for ending Roth conversions is left unchanged, what would happen to Americans who performed After-Tax 401k to Roth conversions in January? Would 401k custodians have to reverse the transactions and somehow factor in gains earned in users' Roth accounts since the conversion? Could there be penalties?

Does anyone else think that IBKR’s customer service is kinda shitty compared to other brokerages?

Do you use a tax preparer? How do you find a good one? Do they need to be local?

Wish I listened to my roommate on Blue Apron. Up 115%

If I have a traditional account (401k and/or IRA) and I am at retirement age and I have no other source of income to my name....
Will pay taxes on the amount that I Withdraw that year following the Tax bracket rules at the time of withdrawal correct?

Conversely,
If I have a roth account (401k and/or IRA) and I am at retirement age and I have no other source of income to my name....
Could I hypothetically withdraw the entire account and not pay taxes in a single year?
Ex. withdraw 10M

Ask = Any advice on how much I should invest in crypto and where to start? Background = 68K in a HYSA. 16K = emergency fund. I want to buy a car in December (for personal use and to put on Turo since I’m WFH) and I’m looking into renting a property that I can put on Air BnB. I am also looking into buying a vending machine. I currently max out my Roth and 401K. No HSA because I’m on my mom’s insurance.

Anyone have an HM Bradley referral they’d like to share w me? Feel free to PM me if you don’t want to post your referral link.
Thanks 🐠

Hi all, I am trying to DCA bi-weekly into Vanguard ETFs, (VO, VTI etc). It seems like Fidelity does not support auto buying of non-Fidelity ETFs. So I was wondering which of these options you think is best?

1. Open a Vanguard Invest account
2. Look for Fidelity ETFs that are similar to Vanguard ETFs
3. Use smaller brokerages like SoFi l, Robinhood etc.

I really do not want to manage nor be active. My goal is to log-in like once every 6 months.

Thank you all.

So a lot of hate towards Whole Life Insurance, could someone please explain why they are so bad? Thanks

Deloitte Fishes, I am 38 and want to allocate my 401K. Based on review so far VTI seems like a good option but I don’t see it in the menu neither do VTSAX. Can you help me pick the right allocation?

I was given a 15k, 0% loan to pay off my student loans upfront from a family member. Would it be better to invest this money and just pay back my family member monthly since the 4% rate on my loans would be less than (hopefully) the amount gained in the market?

Just graduated UG - I’ve got $25k in my bank, no debt, and am maxing out 401K. Keeping all my money in checking can’t be optimal - though recession fears make me wary of equity. What should I do?

When investing in a Vanguard Roth IRA, can you only invest into the Fed Money Market Fund (VMFXX) which is default? Or can you select other funds such as S&P (VOO)?

Is there a loop hole to having a Roth IRA even if you are over the income limit? How did Peter theil get one? Looking for advice

I put money in VTSAX which is a mutual fund vs. an ETF. Am I dumb?

Guys, tell me the top 2 stocks to buys for long term (5 years) according to you. Will be investing in stocks for the first time, as it is impossible to resist these low stock prices