Buy and hold works - Meet the 'unluckiest' stock market investor of modern times ( www.marketwatch.com )
Here’s an archived version of the page....
Look Out Below: Recession Is Coming
The central banks of the world are guiding us to a perfect crash landing. Interest rates have remained elevated in an attempt to curb the inflation brought on by printing excessively during 2020 and 2021. This strategy has actually worked by reducing US inflation from over 9% at the beginning of the year to around 3.5% now,...
Americans are 'doom spending' — here's why that's a problem ( www.cnbc.com )
[US] End of year PF tasks ( www.kiplinger.com )
I like to review my financial situation near the end of the year to prep for tax season, give to charity, etc. For any who cannot access the article or are too lazy, here are the things they recommend:...
"I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020 ( boingboing.net )
Short Term Places for a Downpayment
Hi all -...
Newly-ish married. How to plan and save for home buying in NYC?
Newliyish married, but the new reality is partner finished law school so going back to the DINK lifestyle. We live in NYC and are lucky to be in a rent regulated apartment. On one hand we realize it’s cheaper to stay there forever, but it’s not the most well maintained building the the amenities aren’t the best… Anyways,...
[US] Intro to investing - stocks, bonds, asset allocation, and account types
In this post, I’ll provide a lot of basic information about investing, with links to additional reading for various concepts. Most of these concepts are not US-centric, though I will be mentioning US-specific details, such as tax-advantaged account types....
why do i constantly oscillate between having an a) intense work ethic where i consistently work hard and manage money wisely or b) pure gluttony and hedonism where i spend freely and accumulate debt
when i do A for long enough and my overall net worth comes close enough to zero, i switch to B and am only sometimes capable of wrangling it in...
[US] Consider a brokerage account for your main bank
Most people take a simple view of cash: they have a checking account for spending and a savings account for savings, and if they get fancy, they’ll have a CD for longer term savings goals. Power users will change to an online bank with better returns, and that’s about as far as it goes. That certainly works, but we can do a...
Backdoor rIRA limits
Ok, so I’ve been contributing to a backdoor for almost a year, and since I don’t have the liquidity to just find it outright at the beginning of the year, I put some in each paycheck. Sometimes while it’s sitting in my settlement fund, it will gain like $0.10-$0.30 before I get a chance to move it to my rIRA....
If I start a Roth IRA in a couple weeks, and keep contributing $7k per year to it, for years & decades, When will it pay off? When can it be money for me to spend?
And does it multiply while it’s invested in the Roth IRA?
Matt Breunig on HSA & FSA: The Welfare System Stole $2k From Me ( www.youtube.com )
These US healthcare systems are effectively scams. Yes in theory they can save you money, however in theory there is no difference between theory and practice, while in practice there is.
Can you offer investment advice? I'm debt-free, about to start earning $2k more per month than I need to survive. Please offer any suggestions for optimal investment method(s).
48 years old, currently have no investments. My net worth is my car and the clothes on my back, and I don’t ever want to be in this situation again....
If your goal is early retirement, which one is better FPIFX or VT?
Fossilfreefunds.org | A place to help discover funds that don't support the Fossil Fuel Industry, or to check how much your current funds are invested into fossil fuels. ( fossilfreefunds.org )
Climate Town recently did a fantastic video detailing how banks use our money just sitting around in our account to invest in fossil fuels. Wanting to avoid this, I figured it’d be better to direct my money in an investment that’s at least a little less planet destroying, which lead me down this ecological rabbit hole that I...
Mint.com is going away. Are there any alternatives that are as automatic and simple? ( www.theverge.com )
FOSS/self hosted preferred, but open to anything!
Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward ( finance.yahoo.com )
Contributing to an HSA
I have been contributing to a HSA the last couple years, and it’s been fine. My work contributes $1800 over the year and it hasn’t really been a problem at all....
Do you basically get double taxed if you make non deductable contributions to a traditional ira? Why do it?
In the US, if you make a lot, are covered by a work retirement account or you contribute to a Roth, you can’t deduct traditional ira contributions right?...
Your ‘Set It and Forget It’ 401(k) Made You Rich. No More. — WSJ ( apple.news )
For four decades, patient savers able to grit their teeth through bubbles, crashes and geopolitical upheaval won the money game. But the formula of building a nest egg by rebalancing a standard mix of stocks and bonds isn’t going to work nearly as well as it has.
Opinions on Gnucash
Is anyone using Gnucash? I’ve been on a kick of streamlining my finances and want to simplify from my current spreadsheet for tracking expenses. I have seen Gnucash mentioned around and am considering it. Is it easy to use and import transactions from credit cards?...
2022 Updated Federal Survey: Net Worth by Age (Median) ( sh.itjust.works )
cross-posted from: sh.itjust.works/post/7528778...