New To Investing Thread

[Stupid Fitz]

Nobody could have seen this coming ...

You mean an entire social media platform set up so one person can say whatever he wants doesn't make any money?

[DaBigTrain]

https://twitter.com/charliebilello/status/1779998718147596794

[Spracne]

Only suckers wouldn't have predicted that it would be a loser.

[Rage Against the McKee]

Elon should swoop in and buy it.

[GregKSU1027]

Sup nerds.

I have my 401k with my employer with 5% match and then they match my investment which is neat, have had a Roth IRA that I maxed out last year and am already getting close to maxing it out this year. Any other investments I should be worried about on my radar as a single 26 yo male? With my job I cannot sports bet so that's nice so looking to put my money into something worthwhile. I also have a high yield savings that I put my bitcoin money into but have been told to maybe put that into a mutual fund...

Thoughts?

[Stupid Fitz]

Sup nerds.

I have my 401k with my employer with 5% match and then they match my investment which is neat, have had a Roth IRA that I maxed out last year and am already getting close to maxing it out this year. Any other investments I should be worried about on my radar as a single 26 yo male? With my job I cannot sports bet so that's nice so looking to put my money into something worthwhile. I also have a high yield savings that I put my bitcoin money into but have been told to maybe put that into a mutual fund...

Thoughts?

I'd keep upping my 401k contributions as much as possible. If you are maxed there as well, (that rough ridin' rules as a 26 year old by the way), id just put money in a Vanguard S and P or total stock market fund.

[steve dave]

Sup nerds.

I have my 401k with my employer with 5% match and then they match my investment which is neat, have had a Roth IRA that I maxed out last year and am already getting close to maxing it out this year. Any other investments I should be worried about on my radar as a single 26 yo male? With my job I cannot sports bet so that's nice so looking to put my money into something worthwhile. I also have a high yield savings that I put my bitcoin money into but have been told to maybe put that into a mutual fund...

Thoughts?

taxable investments are underrated imo. good job on the tax advantaged stuff. if you don't have a brokerage account you should open one (can do it the same place you have your 401k/IRA) and like SF said a simple S&P fund (I use VOO) is a good option to set and forget. Also just keeping a chunk in money markets there isn't a bad deal as you'll probably scrape 5% from that at the moment. if you have kids (OR EVEN IF YOU DON'T BUT WILL SOON) you could start a 529 for them. lots of good options out there.

[michigancat]

I would recommend putting everything in bitcoin into an S&P or total stock market fund asap. I use VTSAX (but VOO is great too)

Also are you maxing out the 401k beyond the match? you should probably do that as well if you aren't already and have too much cash to know what to do with.

[DaBigTrain]

I wouldn’t listen to these boomers and their advice about even touching the stock market. Dump everything into bitcoin and retire early Greg

[bucket]

I would recommend putting everything in bitcoin into an S&P or total stock market fund asap. I use VTSAX (but VOO is great too)

Also are you maxing out the 401k beyond the match? you should probably do that as well if you aren't already and have too much cash to know what to do with.

FXAIX is another one that I use.

[DaBigTrain]

Greg, you either need to invest in the greatest performing asset that has ever existed since it was created, or have fun being poor.

[GregKSU1027]

Sup nerds.

I have my 401k with my employer with 5% match and then they match my investment which is neat, have had a Roth IRA that I maxed out last year and am already getting close to maxing it out this year. Any other investments I should be worried about on my radar as a single 26 yo male? With my job I cannot sports bet so that's nice so looking to put my money into something worthwhile. I also have a high yield savings that I put my bitcoin money into but have been told to maybe put that into a mutual fund...

Thoughts?

taxable investments are underrated imo. good job on the tax advantaged stuff. if you don't have a brokerage account you should open one (can do it the same place you have your 401k/IRA) and like SF said a simple S&P fund (I use VOO) is a good option to set and forget. Also just keeping a chunk in money markets there isn't a bad deal as you'll probably scrape 5% from that at the moment. if you have kids (OR EVEN IF YOU DON'T BUT WILL SOON) you could start a 529 for them. lots of good options out there.

No kids, gotta get the other half through pharmacy school at the other Kansas School.  My work 401k is through nationwide, I have fidelity for the Roth. Hoping I can get things saved up for a house in the next four years. I am in line for a big raise and hopefully a promotion in those four years so that will definitely help. But renting/saving for the time being. I don't have a car payment as I took a baby loan and already have that paid off.
As always, this blog is GOATED with the sauce.

[GregKSU1027]

I wouldn’t listen to these boomers and their advice about even touching the stock market. Dump everything into bitcoin and retire early Greg

I sold my Bitcoin as soon as I heard the feds were trying to get their slice of the pie last year. So I am outta the bitcoin. Waiting for some other mad man to come up with an idea. I bought in on a highschool computer 10ish years ago and let that bad boy sit til I saw the feds were gonna get my dollars and pulled her out.

For reference spent my first Dillions paycheck on 1.00 Coin and a PS4 Sophomore year of high school. My mom was so mad

[Spracne]

I wouldn’t listen to these boomers and their advice about even touching the stock market. Dump everything into bitcoin and retire early Greg

I sold my Bitcoin as soon as I heard the feds were trying to get their slice of the pie last year. So I am outta the bitcoin. Waiting for some other mad man to come up with an idea. I bought in on a highschool computer 10ish years ago and let that bad boy sit til I saw the feds were gonna get my dollars and pulled her out.

For reference spent my first Dillions paycheck on 1.00 Coin and a PS4 Sophomore year of high school. My mom was so mad

And that mad man? He goes by stevedave.

[michigancat]

Sup nerds.

I have my 401k with my employer with 5% match and then they match my investment which is neat, have had a Roth IRA that I maxed out last year and am already getting close to maxing it out this year. Any other investments I should be worried about on my radar as a single 26 yo male? With my job I cannot sports bet so that's nice so looking to put my money into something worthwhile. I also have a high yield savings that I put my bitcoin money into but have been told to maybe put that into a mutual fund...

Thoughts?

taxable investments are underrated imo. good job on the tax advantaged stuff. if you don't have a brokerage account you should open one (can do it the same place you have your 401k/IRA) and like SF said a simple S&P fund (I use VOO) is a good option to set and forget. Also just keeping a chunk in money markets there isn't a bad deal as you'll probably scrape 5% from that at the moment. if you have kids (OR EVEN IF YOU DON'T BUT WILL SOON) you could start a 529 for them. lots of good options out there.

No kids, gotta get the other half through pharmacy school at the other Kansas School.  My work 401k is through nationwide, I have fidelity for the Roth. Hoping I can get things saved up for a house in the next four years. I am in line for a big raise and hopefully a promotion in those four years so that will definitely help. But renting/saving for the time being. I don't have a car payment as I took a baby loan and already have that paid off.
As always, this blog is GOATED with the sauce.

do you have a savings goal for the house and a plan to get there? Doesn't change a ton of advice given but you could throw more into a brokerage account to save for that instead of maxing the 401k. Probably riskier than many would recommend but you're a bitcoin investor so whatever

Also I wouldn't plan/count on a significant raise IMO

[catastrophe]

Sup nerds.

I have my 401k with my employer with 5% match and then they match my investment which is neat, have had a Roth IRA that I maxed out last year and am already getting close to maxing it out this year. Any other investments I should be worried about on my radar as a single 26 yo male? With my job I cannot sports bet so that's nice so looking to put my money into something worthwhile. I also have a high yield savings that I put my bitcoin money into but have been told to maybe put that into a mutual fund...

Thoughts?

taxable investments are underrated imo. good job on the tax advantaged stuff. if you don't have a brokerage account you should open one (can do it the same place you have your 401k/IRA) and like SF said a simple S&P fund (I use VOO) is a good option to set and forget. Also just keeping a chunk in money markets there isn't a bad deal as you'll probably scrape 5% from that at the moment. if you have kids (OR EVEN IF YOU DON'T BUT WILL SOON) you could start a 529 for them. lots of good options out there.

I second basically all of this.

It's currently pretty easy to open high interest savings account and get 4-5%. That's a (basically) risk free way to save for a house.

529s are very powerful if you start early. If you're sure you are going to have/adopt at least one kid even a few years from now (I think; consult your tax attorney) then you can open an account and even just put like $20-$100/month into it. Future (and little) Greg will thank you.

Look into whether you have investment options through your HSA. HSAs are the only accounts that you pay into tax free, grow tax free, and you can withdraw tax free. The only catch is that to you have to use the funds for health expenses. But lucky you, you live in America and our health care (especially for elders) is ridiculously expensive so you won't have trouble spending it.

[ben ji]

Sup nerds.

I have my 401k with my employer with 5% match and then they match my investment which is neat, have had a Roth IRA that I maxed out last year and am already getting close to maxing it out this year. Any other investments I should be worried about on my radar as a single 26 yo male? With my job I cannot sports bet so that's nice so looking to put my money into something worthwhile. I also have a high yield savings that I put my bitcoin money into but have been told to maybe put that into a mutual fund...

Thoughts?

taxable investments are underrated imo. good job on the tax advantaged stuff. if you don't have a brokerage account you should open one (can do it the same place you have your 401k/IRA) and like SF said a simple S&P fund (I use VOO) is a good option to set and forget. Also just keeping a chunk in money markets there isn't a bad deal as you'll probably scrape 5% from that at the moment. if you have kids (OR EVEN IF YOU DON'T BUT WILL SOON) you could start a 529 for them. lots of good options out there.

I second basically all of this.

It's currently pretty easy to open high interest savings account and get 4-5%. That's a (basically) risk free way to save for a house.

529s are very powerful if you start early. If you're sure you are going to have/adopt at least one kid even a few years from now (I think; consult your tax attorney) then you can open an account and even just put like $20-$100/month into it. Future (and little) Greg will thank you.

Look into whether you have investment options through your HSA. HSAs are the only accounts that you pay into tax free, grow tax free, and you can withdraw tax free. The only catch is that to you have to use the funds for health expenses. But lucky you, you live in America and our health care (especially for elders) is ridiculously expensive so you won't have trouble spending it.

Came here to say this, hsa's kickass.

[steve dave]

Sup nerds.

I have my 401k with my employer with 5% match and then they match my investment which is neat, have had a Roth IRA that I maxed out last year and am already getting close to maxing it out this year. Any other investments I should be worried about on my radar as a single 26 yo male? With my job I cannot sports bet so that's nice so looking to put my money into something worthwhile. I also have a high yield savings that I put my bitcoin money into but have been told to maybe put that into a mutual fund...

Thoughts?

taxable investments are underrated imo. good job on the tax advantaged stuff. if you don't have a brokerage account you should open one (can do it the same place you have your 401k/IRA) and like SF said a simple S&P fund (I use VOO) is a good option to set and forget. Also just keeping a chunk in money markets there isn't a bad deal as you'll probably scrape 5% from that at the moment. if you have kids (OR EVEN IF YOU DON'T BUT WILL SOON) you could start a 529 for them. lots of good options out there.

I second basically all of this.

It's currently pretty easy to open high interest savings account and get 4-5%. That's a (basically) risk free way to save for a house.

529s are very powerful if you start early. If you're sure you are going to have/adopt at least one kid even a few years from now (I think; consult your tax attorney) then you can open an account and even just put like $20-$100/month into it. Future (and little) Greg will thank you.

Look into whether you have investment options through your HSA. HSAs are the only accounts that you pay into tax free, grow tax free, and you can withdraw tax free. The only catch is that to you have to use the funds for health expenses. But lucky you, you live in America and our health care (especially for elders) is ridiculously expensive so you won't have trouble spending it.

nope

[Spracne]

I think cat understands that the definition of health expenses is, well, expansive.

[catastrophe]

Yes and also, SD may perhaps be referencing that after 65 you can use HSA moneys like a retirement account, but if you do that you don't get the same triple tax-free benefit.

You can also reimburse yourself for qualifying expenses at any time (I think), so if you paid a specialist $600 this year but paid it out of pocket to let that same money grow tax free in your HSA, you can take a $600 withdrawal 20 years later in cash. But you have to save the receipts and that sounds like a lot of work that realistically I probably won't ever do.

[wetwillie]

The plan should be to live lavishly with only a reasonable emergency fund in place and euthanize yourself when you can't work anymore.

[star seed 7]

The plan should be to live lavishly with only a reasonable emergency fund in place and euthanize yourself when you can't work anymore.

My man 

[chum1]

https://twitter.com/NeckarValue/status/1790806771520651781

I read a book on Simons that said he kept everyone (except like two other execs) who worked there in separate silos so that no one knew the big picture and no one could recreate what he was doing.

[steve dave]

Read The Man Who Solved The Market. Incredible book.


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[steve dave]

He figured it out, but most importantly, he figured out that having figured it out it can’t scale. Figuring it out had limits. So he kept that stuff to himself. Imagine doing that.


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