Tagged With "Investments"
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Re: Investment app
I personally use Acorns but it is one of my least favorite investment apps mainly because I have seen the least returns using this app. It is nice to get the $5 bonus though which allows you to test out the app. I have been able to pile up a nice little stash of cash in there since I do invest on a weekly basis still. Other investment apps/platforms I use (in no particular order) include: - Wisebanyan - Stash Invest - Robinhood - Finhabits - M1 Finance - Webull - Swell - Rich Uncles there...
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Re: Investment app
I have been using acorns and overall happy with it. I would like to learn more about the other apps you been using Thanks Milind
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Re: Investments for Beginners
Dont worry abt markets up and down just put something away every month in a good Fidelity Investments or Vanguard mutual fund. General Market fund. Look at it in 40 years and you will be Happy
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Re: Investments for Beginners
A 1 yr CD or Treasury Bills or money mkt with a Broker aka Fidelity, No stocks
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Re: Investment app
@Moore Income Thanks so much. I have heard about Stash and Robinhood but haven't tried it out yet. I'm interested in hearing more. You can send private message me your referral links.
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Re: Investments for Beginners
Could you put it in an IRA? Even though you're close to retirement age, you wouldn't be taking the whole amount out the day you retire - so beyond your distribution, the money in your account would still have opportunity to grow.
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Re: Investment app
@Ana Stash is up there with my favorites. Robinhood is a little more difficult in my opinion but they give you a free stock when you get started. I will send you the links.
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Re: Investment app
@Ana I would have to say that personally Wisebanyan is my favorite and the one I have been using the longest. I recommend all the others but each one is a little different in the way you invest your money. I will message you with more details.
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Re: A beginner's guide to investing
I learned everything I know about investing from the Indianapolis-Marion County Public Library. Check your library for books on investing, especially "A Random Walk Down Wall Street" by Burton Malkiel and "Millionaire Teacher" by Andrew Hallam. If you're not a reader, both basically say it's almost impossible to beat the market and you should aim to match the market by buying a diverse index fund. I've managed to invest on $8.50 an hour through Stash, and I keep an emergency fund tied up in...
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Re: How I Live On 50% Of My Net Income
Awesome journey! Thanks so much for sharing it with us.
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Re: Si, Si Senior ((50+))
Wow! "Social Security is not allowing us to be very social and there's not a whole lot of security either!" May I share this as a quote with attribution?
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Re: Si, Si Senior ((50+))
Having been disabled for nearly 20 years, I started my Medicare in 2002. It was one of the best decisions I ever made. Some I knew refused to do so and now they regret it. I'm considering a medigap policy to pay what my wife's employer and medicare don't pay. Don't know how that would work, though. I've been told it would. Having a tertiary policy is not unheard of.
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Re: Intro to Investing Resources
@Theodora what kind of investing are you interested in? I know you can find a lot of resources on the web and YouTube videos that talk about specific kinds of investing. You gotta be careful with some of these though because some people really don't know what they are talking about. I personally like to learn as I go and watch a lot of YouTube videos on specific types of investments (ie. stocks, real estate, etc.) I use a lot of investment apps that are pretty straightforward for making...
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Re: Intro to Investing Resources
Thank you @Moore Income ! Real estate is definitely an area of interest for me as well. Have you looked at Fundrise at all? A really interesting model.
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Re: Intro to Investing Resources
@Theodora I have run across them. Can't say I have looked into them much although I do plan to in the near future. Currently I am investing in Rich Uncles which is a real estate trust that focuses on purchasing commercial buildings and student housing. It is a great place to get started and the returns are decent with Rich Uncles. Fundrise is definitely on my watch list though!
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Re: Savings and Investing
Wow that is an awesome story. I like that you set a goal to reward yourself for quitting. I believe many people fail because they don't replace it with something better or simply have a big enough reason in their mind to justify quitting. This is a great encouragement to someone trying to quit that it is possible but it also shows the reward of investing in yourself. Way to go! @Scotirish
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Re: Si, Si Senior ((50+))
Not near retirement yet, but the thought scares me as I have met with financial advisors, I do not fathom how I can possibly stash away enough money for retirement....always good to start early!
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Re: Stock
I don't have any experience with filling out FAFSA forms and my investment experience is mostly limited to using apps and other platforms. But I did a little research and I came across this document which FAFSA put out going over that part of the form in detail. https://fafsa.ed.gov/fotw1920/help/fotw33c.htm Hoping this is somewhat helpful!
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Re: How I Live On 50% Of My Net Income
What an interesting read. Thanks for sharing your journey!
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Re: How I Live On 50% Of My Net Income
Great to see people like yourself who are taking control of finances! March is right around the corner. I look forward to hearing more of your journey!
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Re: How I Live On 50% Of My Net Income
I have been trying to research ways to better my financial future on my own for a few years now. I'm not stupid but there is so much information out there that I'm overwhelmed. I was giving up hope and then by accident, I found PennyHoarder and your article. Your journey gives me hope that I can do this! Thank you for sharing.
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Earn. Save. Invest.
This is the simple 3 step approach I have begun taking with my finances and what I believe are three keys that lead a person to financial freedom. If you read any of my posts here on the forum, you will constantly hear me mention the phrase "create a better financial future". This is becoming my goal in life, to create a better financial future for myself and in turn to help others do the same. To do this, I am taking this 3 step approach which I will be sharing more in detail in future...
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How I Live On 50% Of My Net Income
When I saw the light New Year’s Eve, 2017. Uninspired, broke, living paycheck to paycheck. While trying to celebrate the coming of the new year, in my very first tuxedo, and at a very nice winery, I found myself miserable. Most noteworthy, my amazing mother, who was visiting and I hadn’t seen in years due to living a few thousand miles from one another, is a VERY upbeat and positive ray of sunshine. As a result, she, AND my realization I was failing at ‘adulting’, were my catalyst for...
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Intro to Investing Resources
Anyone have any easy, approachable guides to recommend for beginning investors?
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Investment app
I just started using Acorns to invest a low amount each month and earn money. You can also link your card and they will round up your change to earn as well.
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Investments for Beginners
i have managed to save a chunk of money that is just sitting in the savings account. I have a 401k through work but want to put my savings to work as well as I am nearing retirement age. If you had $50k, how would you invest it?
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Savings and Investing
I had smoked since I was 13, and having attempted to quit many times, the rising costs of cigarettes was concerning me greatly. I formulated a plan to weaning off cigarettes with the oncoming of e-cigs, but with a new incentive. Invest the money I would save on each daily purchase. To cement my earnestness I withdrew $3,000 and invested it through Vanguard into a health account. In the first weekend I found the e-cigs to be harmful to my throat and quit them immediately. I would do this cold...
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Si, Si Senior ((50+))
It wasn't that long ago that AARP began stalking me. At fifty years of age, I wasn't quite ready to think about aging or retirement. I figured that I had another fifteen or more years to become debt-free and save for supplemental retirement income. That's plenty of time, right??? About three years ago I became disabled from work, still not having done anything to tackle that debt nor save for retirement so it was a definite reality check as my household income plummeted by more than half,...
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Stock
Hello! Anyone here familiar w/stocks? My daughter has stock w/her employer. She's trying to fill out the FAFSA and its asking for the "Net worth of her investments". She has a stock plan and its on etrade. We are not sure what we are supposed to be putting on the FAFSA form. On a brokerage stmt I pulled up shows her Total Net Portfolio Value and on the Complete View page it shows Current Account Value and Total Account Value. Which value and I supposed to be putting on the FAFSA? Thanks!
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Stocks. Asset or Liability?
My mentor defines an asset as something that is putting money in your pocket on a monthly basis. A liability on the other hand takes money out. With that in mind he asked me once if the stocks I owned we're an asset or a liability. I instantly said asset, but the more I thought about it, the more I wondered. I decided to take a look at the stocks I had bought through the Stash app and I was surprised to find most of my stocks paid me 0 in dividends. I then found one that paid a small...
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This week in... The Penny Hoarder Community
Happy Friday! Whew! Where has this week gone? Here’s your weekly round up of announcements to get you through today and into the weekend... We’ve crowned our November Member of the Month. Join me in congratulating Lisa Acu ñ a (@lismox) for being selected this month’s winner! We all appreciate your help around here, Lisa. Each month we look to crown a new winner. We’re looking for someone who is super helpful and active in the community. Each winner receives a $25 gift...
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This week in... The Penny Hoarder Community
Happy (early) Thanksgiving Penny Hoarders! Are you all ready for next week? What are some tips you have to save this time of year? I need all the help I can get as those Black Friday ads start coming out... I will be off next week enjoying a long weekend with my family so there will be no announcement. We will be back in December to kick off a new month! Here’s your weekly round up of announcements... Want to win the ultimate holiday shopping spree? We’ve teamed up with some awesome brands...
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A beginner's guide to investing
Hey Penny Hoarders, For the longest time, I thought that investing was reserved for the financial elite. I didn't really understand the terminology and it just sounded too complicated to be worth my time. A year after starting investing, I now know so much more and I'm happier (and wealthier) because of it. Investing is the best (and most effortless) way to create wealth. I've written down some thoughts for people who are also only starting out on their investment journey. You can find it...
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Re: This week in... The Penny Hoarder Community
Congrats @lismox on being Member of the Month. It's always great to see people like yourself making this community a better place! Great to see the video up, it turned out quite nice!
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Re: This week in... The Penny Hoarder Community
Good, wonderful! So there is a platform that can help & turn people's lives for good & helpful. Thanks very much for that, l also solicit for this community to also affect my own life & help me to settle my own debts. That l may be Financially debt free
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Re: This week in... The Penny Hoarder Community
Congratulations @lismox on being member of the month! I look forward to hearing more from you. Have a great month of posting and "Live long and prosper"!* *credit for that phrase goes to "Spock" in the original "Star Trek"!
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Re: This week in... The Penny Hoarder Community
I was very impressed with the video. Congratulations to @Adam @Moore Income and @KellyFromKeene ! Great Job!
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Re: This week in... The Penny Hoarder Community
@Lesley Michele , Whoo-hoo to you as well my friend! I hope you're enjoying this fine Friday morning! We look forward to more posts from you here in the Penny Hoarder Community! AverageJoe