Is it safe to treat stocks and ETFs in my brokerage account as savings and emergency funds as long as I have a significant number of lots with a Stop Loss or Stop Limit Order in place? My Savings Account technically doesn’t cover 3 months of expense, but combined with my brokerage account it does. Is it safe to be have 1 month...
It’s not as safe as you think. In normal situations, market orders fill almost instantly.
If the market drops below your threshold due to major news, like the Covid shutdowns, your sell order will enter a queue. Depending on the ability of your brokerage to execute orders in competition with the rest of the market, your sell order may complete quickly, or not. You’re potentially taking a huge loss.
I’d recommend building up your savings account. Getting more than 4.5% in a risk-free HYSA is an easy choice in this case.
Home prices weakened month to month, according to Black Knight. While still gaining, which they usually do at this time of year, the gains fell below their 25-year average. This after significantly outdoing their historical averages from February through June. It’s a signal that a slowdown in prices may be underway again....
Personal finance, like legal advice, is region specific. Like Reddit, there are PF communities, like !personalfinancecanada, to get specialized advice. The main community is treated as US centric.
Interest will start accruing again on September 1, after rates were effectively set to 0% since March 2020 for federal student loans. Now, interest rates, which are fixed and vary by loan, will return to the same rate they were before the freeze....
At the end of 2022, I discovered this software that I’ve been using all year. I’d like to hear your thoughts or experiences with GnuCash, or whatever system/program you use to track your personal finances!...
Charts in Ynab4 were fairly sophisticated. For example, I could easily drill down into categories on monthly income/expenses. They also looked great since the devs put a lot of thought into the UX.
I switched to Moneydance after nYnab came out and Ynab4 was killed off. I’m not an adherent to Ynab’s budgeting philosophy and I didn’t see the worth in the monthly fee.
Like Ynab4, Moneydance is a standalone product. It’s manual accounting, which I don’t mind. It’s quick to enter transactions, has a nice summary view, and can backup to separate locations. When I decide to migrate, I can export my data to QIF or other formats.
Legislation known as the Credit Card Competition Act, first introduced in Congress in 2022, is described by its sponsors as encouraging “competition in electronic credit transactions.” But if lawmakers end up passing the measure, opponents say it could also torpedo the rich rewards and perks that cardholders have enjoyed for...
It’s not just about the years spent in retirement, but what you’re doing. This is something I heard from a financial advisor - Retirement happens in phases.
Go-go phase. Years spent in relatively good health. Add extra budget for travel or big-ticket items to enjoy, like an RV.
Slow-go phase. Staying close to home, maybe spending time with grandkids. Increased medical bills.
No-go phase. No travel, but largest medical bills.
Domestic airfare fell 2% to an average of $267 per ticket in August. The plateau will last through mid-September, but then begin to rise as the holiday season approaches, peaking in late November or early December.
Stop Loss Securities as Savings/Emergency Funds safe?
Is it safe to treat stocks and ETFs in my brokerage account as savings and emergency funds as long as I have a significant number of lots with a Stop Loss or Stop Limit Order in place? My Savings Account technically doesn’t cover 3 months of expense, but combined with my brokerage account it does. Is it safe to be have 1 month...
Home prices may be on the verge of cooling off ( www.nbcnews.com )
Home prices weakened month to month, according to Black Knight. While still gaining, which they usually do at this time of year, the gains fell below their 25-year average. This after significantly outdoing their historical averages from February through June. It’s a signal that a slowdown in prices may be underway again....
Student loan interest resumes Friday and payments restart in October. Here’s what borrowers should know ( www.cnn.com )
Interest will start accruing again on September 1, after rates were effectively set to 0% since March 2020 for federal student loans. Now, interest rates, which are fixed and vary by loan, will return to the same rate they were before the freeze....
DAE use GnuCash for personal finances?
At the end of 2022, I discovered this software that I’ve been using all year. I’d like to hear your thoughts or experiences with GnuCash, or whatever system/program you use to track your personal finances!...
[Meta] Until people start asking questions to the community, we'll be left with news articles
Hello everyone,...
Is Congress Going to Kill Credit Card Rewards? ( www.nerdwallet.com )
Legislation known as the Credit Card Competition Act, first introduced in Congress in 2022, is described by its sponsors as encouraging “competition in electronic credit transactions.” But if lawmakers end up passing the measure, opponents say it could also torpedo the rich rewards and perks that cardholders have enjoyed for...
Most Americans don't understand average lifespan of retirees when planning for retirement ( finance.yahoo.com )
Clark Howard: Here’s Why Domestic US Flights Are Getting Cheaper and How You Can Take Advantage ( finance.yahoo.com )
Domestic airfare fell 2% to an average of $267 per ticket in August. The plateau will last through mid-September, but then begin to rise as the holiday season approaches, peaking in late November or early December.