A weekly thread to discuss financial matters - from personal all the way up to global.
Ground Rules
- Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
- Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
- Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
- Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.
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Notes -
Not sure if it's the same problem as what Sloot's saying, but as someone who has to fight the 'just leave it in a savings account' instinct myself, there's a lot of fear about unpredictable expenses occurring in a way that your net worth could easily cover them, but your bank account can't, and either can't be converted into cash at all (eg, tech worker stock in companies they can't sell, ) or can only be converted at a massive cost or time investment (eg, bonds sales on secondary market, where tax ramifications become huge).
That’s why I would suggest a bond fund: it’s liquid in a way that individual bonds are not and has a pretty comparable yield. Yes you need to sell it but credit should be able to tide you over if it’s truly urgent
Do you mean a bond fund?
Yes, corrected.
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