The Finance Thread

This is a thread for the discussion of money, investing, retirement, savings, debt, budgeting and anything else to do with finances.

Won't be posting in this thread a whole lot, lol.

I invested my savings into property

Oh sweet!

Really sucks that the feds have lowered saving rates at banks. My high yield savings is only at .6% now. On another not pretty sweet that I don't have to worry about student loan repayments till December.

Yup. My next payment is January 28th!

Gives me a breather with everything else I'm dealing with.

I saw today that U.S. economy shrank at 32.9% annual rate in the second quarter, that's crazy.

Hopefully in less than 2yrs I can start investing 15% towards retirement. No later than age 32.

Well idk what to write here tbh. I don't really invest my money (despite having some savings), due to not knowing enough about what I'm putting my money on.

I know I probably could figure out how to benefit from that, but don't really have the energy to dwell in that deeply enough to put my money in it yet. (Although, I've scratched the surface a little bit, but it would require a lot more work).

Was thinking about buying a small amount of amd stock b4 the release of zen 2, but didn't in the end. (This is basically the only field where I'd feel somewhat confident in investing due to having at least some knowledge about the products)

PSA for Canadians and Quebecois. The tax payment deadline for 2019 has been extended to September 30 from today. We can hold onto our money an extra month.

Good for me because my online banking isn't working so I wouldn't have made the original payment deadline anyway...

Seems like every time I check my savings APY, it keeps dropping. Right now it's .85%. Fortunately my IRA recovered.

Thats not bad considering everything. Roth IRA? Speaking on investments I might switch out my small and medium cap allotments in my 401k for something more aggressive. Trying to diverse but not many options at Wells Fargo.

Just switched my mid cap index fund for a total market index fund.

It'll be nice going a few dollars without spending any money.

For Finance check out Dave Ramsey's program. His 7 baby steps. Has helped me a lot. Will tell you how to get out of debt and start investing.

https://www.daveramsey.com/dave-ramsey-7-baby-steps

Yay for corrections

S&P 500 -3.51%
NASDAQ -4.96%
DJI -2.78%

Not sure when to rebalance my 401K

True!

It is usually advised to rebalance 2 times a year. Once in Jan and once in July. Or every 6 months

Got 4 allocations lower 2 are at 23% now might wait till they near 20%.

So you want to rebalance all 4 of them to 25 percent each? Your not to far off at all so I would wait to rebalance until it gets a bit more out of balance. Is there a fee to rebalance or a limit to how many times you can rebalance? If not then there is no penalty so you might as well just rebalance now