if you have a dollar in savings, you might as well put it in a shredder that shreds however fast inflation is rising.
haha I trust you know more than me. I'll have a look into it and see what minimums for investment accounts and mutual funds are. But if you have any recommendations for companies to go with I'll look into them too.
Bro you are stupid as fuck. You don’t deserve that username. You’re a fucking chump and people like me use all your money to buy more shit to make me money.
Here’s your “tax issue”. It costs you 30% income tax to save up for a down payment. Capital gains are taxed at 10%. And you only have to put down 3% for a house. If you put down 20% you’re even fucking dumber than I thought 😂
Look at companies like Vanguard. Don't buy into "mutual funds" those rates are way too high. Buy into things like total market indexes and top 500 indexes. Those have a 9%+ yearly rate for the past 100 years and are a safe "risky" investment.
If you want good advice on index funds, read this book: https://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/
This guy right here understands investing. The power ranger is a fucking no brain hack. PS. You have short term and long term capitol gains tax. Ps. Don't ever buy mutual funds. Leave that for employer match IRAs. Go dividends. You can find solid dividends between 12%-18% that haven't missed, (besides covid) in the last 30-40 years.
I'm big on to cruise lines atm! 😘 Come next year, covid is gone. Cruising is back. Fyi. All the cruise lines have the majority of their ships in dock for repairs! This means lower expenditures In the coming future.
you'd have to call around, mutual funds are too slow for me lol
that being said, you already have robinhood, find a safe stock like apple or Microsoft or google or literally any humongous company that you dont foresee going out of business anytime soon, and buy that. it might go up or down a couple percent a day, but the overall trend is up and you seem like a very safe better. so seriously, go hop on your robinhood app right now, go to MSFT stock or APPL and hit "month view, year view, 5 year, all time" and notice how its just a straight up trajectory, albeit slowly. even during crashes, it ALWAYS comes back and higher, the trick is not to sell it when it crashes. you won't lose any money until you liquidate it. there's some quote from warren buffet when they asked how much money he lost on the 2006 housing crash and he said "I didn't lose any money because I didn't sell anything because I knew it would bounce back"
if you dont want to think AT ALL, then call a broker, TD ameritrade, fidelity, Charles scwab and ask about mutual funds. all a mutual fund is is they take all the money you give them and combine it with a Bunch of other money from other people into a huge pool of cash and buy tons of big expensive safe stocks that usually average 3-5% gains a year. and some broker manages it for you. I don't know how liquid those are though because ive never used them because I like the risky shit. I'd rather risk a thousand and make 10 thousand than 300$ a year for 10 years.
if you get good at it, you can watch the news and predict shit. riots? go look at Smith and Wesson stock now, up 200% in 2 months. you can literally do all this from your robinhood app lol
haha I trust you know more than me. I'll have a look into it and see what minimums for investment accounts and mutual funds are. But if you have any recommendations for companies to go with I'll look into them too.
Yawn
Bro you are stupid as fuck. You don’t deserve that username. You’re a fucking chump and people like me use all your money to buy more shit to make me money.
Here’s your “tax issue”. It costs you 30% income tax to save up for a down payment. Capital gains are taxed at 10%. And you only have to put down 3% for a house. If you put down 20% you’re even fucking dumber than I thought 😂
Look at companies like Vanguard. Don't buy into "mutual funds" those rates are way too high. Buy into things like total market indexes and top 500 indexes. Those have a 9%+ yearly rate for the past 100 years and are a safe "risky" investment. If you want good advice on index funds, read this book: https://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/
This guy right here understands investing. The power ranger is a fucking no brain hack. PS. You have short term and long term capitol gains tax. Ps. Don't ever buy mutual funds. Leave that for employer match IRAs. Go dividends. You can find solid dividends between 12%-18% that haven't missed, (besides covid) in the last 30-40 years.
I'm big on to cruise lines atm! 😘 Come next year, covid is gone. Cruising is back. Fyi. All the cruise lines have the majority of their ships in dock for repairs! This means lower expenditures In the coming future.
Still following me 😘
For having a medical license and self proclaimed " working real estate agent, I would think you had actual hobbies and or a job to do.
you'd have to call around, mutual funds are too slow for me lol
that being said, you already have robinhood, find a safe stock like apple or Microsoft or google or literally any humongous company that you dont foresee going out of business anytime soon, and buy that. it might go up or down a couple percent a day, but the overall trend is up and you seem like a very safe better. so seriously, go hop on your robinhood app right now, go to MSFT stock or APPL and hit "month view, year view, 5 year, all time" and notice how its just a straight up trajectory, albeit slowly. even during crashes, it ALWAYS comes back and higher, the trick is not to sell it when it crashes. you won't lose any money until you liquidate it. there's some quote from warren buffet when they asked how much money he lost on the 2006 housing crash and he said "I didn't lose any money because I didn't sell anything because I knew it would bounce back"
if you dont want to think AT ALL, then call a broker, TD ameritrade, fidelity, Charles scwab and ask about mutual funds. all a mutual fund is is they take all the money you give them and combine it with a Bunch of other money from other people into a huge pool of cash and buy tons of big expensive safe stocks that usually average 3-5% gains a year. and some broker manages it for you. I don't know how liquid those are though because ive never used them because I like the risky shit. I'd rather risk a thousand and make 10 thousand than 300$ a year for 10 years.
if you get good at it, you can watch the news and predict shit. riots? go look at Smith and Wesson stock now, up 200% in 2 months. you can literally do all this from your robinhood app lol