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Forum » Your current savings $?
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Thread: Your current savings $?

post 1633442483 03-10-2021, 02:41 PM
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#1
  1. simonsaysgoham
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Your current savings $?

In on dat dere honesty time. Alalalalala
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post 1633442623 03-10-2021, 02:42 PM
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#2
  1. Redfish225
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Every miscers portfolio is seven figures plus.

Just lol
I loe e.
post 1633442633 03-10-2021, 02:43 PM
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#3
  1. SamIAm1892
  2. Future Mars Astronaut
  1. SamIAm1892
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Negative $3000+. All my tax money went to these people getting these COVID funds.
post 1633443043 03-10-2021, 02:45 PM
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  1. meanstringbean
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Originally Posted By monster0ultra⏩
I have 100K in an money market account. This is not a humble brag, this is a terrible thing because it's getting eaten away by inflation. I don't know a good place to invest and I don't have the time to figure out because that time would be better spent on improving my skills for my next job.

Inb4 room temperature IQ coincels.
Keep 3-6 month expenses in a bank and put rest in a brokerage following market tracking etf and just don’t touch it or look at it.
post 1633443143 03-10-2021, 02:46 PM
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  1. Destor
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Ferrari
post 1633443313 03-10-2021, 02:49 PM
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  1. _zman
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Originally Posted By meanstringbean⏩
Keep 3-6 month expenses in a bank and put rest in a brokerage following market tracking etf and just don’t touch it or look at it.
Great advice, x2, if you are too risk adverse for this, consider a certain percentage to bonds or are target date fund of when you think you're going to want the money. Target date 2025 fund will lean towards bonds more. You can also take the DCA approach, and put in a little over time as well. Also consider commodities, muni bonds, etc to have a diversified portfolio. You can even do a percentage in TIPS, which will do better than a MM account.
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post 1633443363 03-10-2021, 02:50 PM
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We keep about 50 grand that can be liquidated in <24 hours. The rest is invested.
post 1633443443 03-10-2021, 02:50 PM
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#8
  1. Mountaineer92
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Originally Posted By monster0ultra⏩
I'm well aware of index funds and it's the only way that made sense for me to invest for a long time. The market is too volatile RN though. Bonds would be most appropriate for what I want but I'd have to do research.
yeah...dont invest. you clearly are a moron.
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post 1633443483 03-10-2021, 02:51 PM
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  1. bfdehewdbyywhn
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$0.00

all in gold and GME
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post 1633443613 03-10-2021, 02:52 PM
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#10
  1. Lefticle
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More than you can afford, pal
Always Neg Back Crew.
post 1633443703 03-10-2021, 02:53 PM
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#11
  1. GooBaaa
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Nice try IRS
post 1633443813 03-10-2021, 02:54 PM
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#12
  1. MattyMiscer
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Originally Posted By monster0ultra⏩
I have 100K in an money market account. This is not a humble brag, this is a terrible thing because it's getting eaten away by inflation. I don't know a good place to invest and I don't have the time to figure out because that time would be better spent on improving my skills for my next job.

Inb4 room temperature IQ coincels.
Just invest it in the S&P500 (the fund is called SPY) and let it grow. The S&P has averaged about a 10% annual return over its life (a little higher than that in the past 5 and 10 years even). Just get an account with E-Trade or Vanguard or somewhere reputable like that. As much as I like the user interface of Robinhood, you should avoid that company for a lot of reasons I won't take the time to explain here. You can keep the value of maybe a couple months worth of expenses in the money market account for its quick liquidity if you want, but I would invest as much as possible in order to generate a return.


Source: I'm a former financial advisor and financial analyst
And relief washes over me in an awesome wave
post 1633444023 03-10-2021, 02:56 PM
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#13
  1. x420SwagScopex
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Originally Posted By monster0ultra⏩
I have 100K in an money market account. This is not a humble brag, this is a terrible thing because it's getting eaten away by inflation. I don't know a good place to invest and I don't have the time to figure out because that time would be better spent on improving my skills for my next job.

Inb4 room temperature IQ coincels.
Go to Reddit.com/r/BogleHeads and make a post there. Tell them your goals and they will tell you exactly where to put your money. Jack Bogle’s “set it and forget it” strategy is the best for people who want to passively grow their money without learning anything about the stock market.
Smack City crew
post 1633444233 03-10-2021, 02:59 PM
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#14
  1. rgnx
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about 4x this.

post 1633444253 03-10-2021, 02:59 PM
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#15
  1. Atlastrength
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  1. Atlastrength
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48k cash (too much but was saving for a house), 5k in physical silver, 8k I can take out of my roth IRA if necessary. Zero debt. 401k is doing solid but honestly only put in what my company matches (3%) so nothing crazy.

I'm in a good position. Nothing amazing, but being out of debt completely and a solid savings is a plus in this society.

I don't plan on buying a house anymore anytime soon because prices by me have ballooned and even land. So I might just max my roth IRA for the year and then figure something out. No point in it just sitting there anymore.
post 1633444453 03-10-2021, 03:01 PM
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#16
  1. PBoutoftheJar
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about tree fiddy
post 1633444723 03-10-2021, 03:04 PM
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#17
  1. x420SwagScopex
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Originally Posted By Anachron⏩
Good luck in the slow lane.

Eh, what do I know, I have the hobo's dick cheese as my savings.
I didn’t say that’s the strategy I’m using. The guy I replied to specifically said his money is just sitting in the bank depreciating from inflation because he can’t be bothered to learn about investing. Bogleheads is the perfect place for him.
Smack City crew
post 1633445363 03-10-2021, 03:09 PM
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#18
  1. dyee4613
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Roughly 20k in cash. I'm about to spend it all tho.
post 1633446193 03-10-2021, 03:20 PM
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#19
  1. _zman
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Originally Posted By monster0ultra⏩
Will check this out, thanks.

To the other ppl. I'm already well aware of the textbook answers to investing and compound interest and all that dave ramsey noise. I think the stock market is overvalued and don't expect the textbook X% a year to hold up.
I thought it was overvalued in 2016-2017 time frame, in fact I was taking a class with a portfolio manager at the time and we discussed this very thing over and over again. I bought anyway, I've doubled my money since then..think 6 figures...

No pressure of course, we could be even more overvalued now...I'd just rather take a chance with my money than let it sit around doing nothing.

Also fuk reddit. Bogleheads has loads of good info tho
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post 1633446733 03-10-2021, 03:26 PM
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$55K in a savings account

This is separate from any retirement and non-retirement investment accounts
post 1633447343 03-10-2021, 03:33 PM
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#21
  1. aceroa
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I have about $220,000 pesos in my checking account
Mexican Crew
post 1633447463 03-10-2021, 03:35 PM
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#22
  1. JStrez
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Savings account: $200k
Investment Portfolio: $80k (thanks $GME)
Other Assets: $25k-ish

About to take a huge hit when I put down for a house in the next few months. Waiting for the market to calm down before hopping in. Before that I've been saving like a fiend and lived at home for a while. Was pretty much ready to buy last year and was about to, then everyone flocked to buy a house and left their apartments, driving the price ridiculously high. Ended up getting a cheap ass deal on a huge apartment near my work to fuk around for a year. For a long time I had a lot of my savings in my portfolio, but took it out and did some small investing here and there. Took it out now so I have the cash on hand and so nothing terrible can happen.
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post 1633447523 03-10-2021, 03:36 PM
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  1. ThaifooN90
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10k in checking/savings

450k+ in various index/etf
post 1633447583 03-10-2021, 03:37 PM
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#24
  1. GuineaDago585
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Around $4k cash but I could probably put together $10k if I had to liquidate my investments/assets.

Yes, I’m broke as fuk. I’ve been broke my entire life but this is more money than I’ve ever had and it’s not even close. Feels good man.
post 1633448433 03-10-2021, 03:47 PM
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#25
  1. meanstringbean
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Originally Posted By monster0ultra⏩
I'm well aware of index funds and it's the only way that made sense for me to invest for a long time. The market is too volatile RN though. Bonds would be most appropriate for what I want but I'd have to do research.

Also, I already have market exposure because my 401K is 100% in risky stocks.
Market isnt volatile at all long term, in fact it's extremely predictable. What else are you going to use that 100k for besides to scratch your ass? If you need it in short term (1-2 years) then sure keep it in cash. But if you just have it sitting for 3+ then you are throwing money away.

That or buy some REITs with it
post 1633448653 03-10-2021, 03:50 PM
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#26
  1. meanstringbean
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Originally Posted By JStrez⏩
Savings account: $200k
Investment Portfolio: $80k (thanks $GME)
Other Assets: $25k-ish

About to take a huge hit when I put down for a house in the next few months. Waiting for the market to calm down before hopping in. Before that I've been saving like a fiend and lived at home for a while. Was pretty much ready to buy last year and was about to, then everyone flocked to buy a house and left their apartments, driving the price ridiculously high. Ended up getting a cheap ass deal on a huge apartment near my work to fuk around for a year. For a long time I had a lot of my savings in my portfolio, but took it out and did some small investing here and there. Took it out now so I have the cash on hand and so nothing terrible can happen.
This is a horribly balanced way to keep your assets, and you'll be at the side of the bar all night waiting for the perfect moment to ask out the girl while anyone with stones is getting laid that night
post 1633448723 03-10-2021, 03:51 PM
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#27
  1. SettingOff
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bout 350
post 1633448853 03-10-2021, 03:53 PM
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#28
  1. simonsaysgoham
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Originally Posted By Lefticle⏩
More than you can afford, pal
Hm *turns upside down*
NoFapnopron

Anti-feminized society

Harsh consequences for crime
post 1633449253 03-10-2021, 03:58 PM
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#29
  1. simonsaysgoham
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Originally Posted By GuineaDago585⏩
Around $4k cash but I could probably put together $10k if I had to liquidate my investments/assets.

Yes, I’m broke as fuk. I’ve been broke my entire life but this is more money than I’ve ever had and it’s not even close. Feels good man.
Hello fellow 10k
NoFapnopron

Anti-feminized society

Harsh consequences for crime
post 1633451553 03-10-2021, 04:28 PM
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#30
  1. superkhurram
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8K CAD in Savings

Would like some responses explaining simple investing tips
Right now, I'm saving ONLY $200 per pay period because I like to shop and buy **** without worrying about money
Lifting Maxes:

Clean and Jerk: 210*1
Snatch: 185*1
Dead Lift: 435 Conventional; 445 Sumo >>> Tested in 2019
Squat: More than you can afford pal; Ferrari....
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