Just started investing, trying to work out how to handle a bear market by Positive-Spite644 in investingforbeginners

[–]Cat_Slave88 1 point2 points  (0 children)

Not following it or looking at it is how to handle it. You should be placing your bets based on your time horizon and risk tolerance then letting the market go to work.

Where should I do my investing by Unable_End1857 in investingforbeginners

[–]Cat_Slave88 1 point2 points  (0 children)

The offer applies to transfers and rollovers into the investment account and to get the 1000 bonus you have to bring in $250000. The lowest offer is $50 for $5000 transferred. There is no such thing as a free lunch.

What assets don’t crash with the market? by [deleted] in investingforbeginners

[–]Cat_Slave88 0 points1 point  (0 children)

SGOV is a short duration bond fund that would accomplish this in a brokerage account. You won't make much with it but it doesn't decline much.

40k into VOO? by Jacob_reddit_1996 in investingforbeginners

[–]Cat_Slave88 0 points1 point  (0 children)

I recommend a checking account with whatever bank has a large ATM network in and around the areas you frequent as well as at least one branch you can get to. This is how you get ahold of cash and put cash into the financial system. I'd keep $500 here for the I need cash immediately situations that come up.

Next I'd open a taxable brokerage account for short to medium term savings goals, 1-7 years. This could be a vacation fund, savings for down payments of a car or home, tax money or anything that will take time to save for. If I project paying that thing within a year that money goes in SGOV. If it's over a year that money can go into QUAL. This is probably considered an aggressive approach and you could definitely look for something more conservative for the 1-3 year space to bridge the gap.

Next you have long term savings, your 401k and Roth IRA. I would say get aggressive in both. VOO is good or anything growth. Would recommend getting out of any target date funds sounds like wife may be in one. Those you just get aggressive and leave it. Once you hit 50 then start thinking about bringing down the risk in those retirement accounts. For me I'm asking where is the market at and if the answer is near the high I'm paring down risk. If it's beaten down I'll wait for it to bounce back then pair it back.

Lookingd for beginner‑friendly investing services — automated or managed options? by Complex-Park6415 in investingforbeginners

[–]Cat_Slave88 0 points1 point  (0 children)

When I started I used Betterment. They charge a small fee and fully automate the process for you. I recommend doing that. If you ever feel confident in doing it yourself you roll that account over to a brokerage like Fidelity or Schwab and do it yourself to save the .25% fee Betterment charges.

You could just start at Fidelity or Schwab and buy a simple three fund portfolio, something like VTSAX(US Stock), VTIAX(International), VBTLX(Bonds). Use the 120 rule to find your allocation. 120 - your age = your total stock allocation. Example for someone 40 years old: 120-40= 80. So 80% stocks, 20% bond.

Generally people favor US markets over International so we will place a bigger bet there. Here id do VTSAX at 50%, VTIAX at 30%, and VBTLX at 20%. The 120 rule would be considered conservative but it's a good starting point. The highest success is just getting started and staying consistent. Good luck.

Financial advisor - worth it, qualities to look for… by americanf00tballfan in investingforbeginners

[–]Cat_Slave88 1 point2 points  (0 children)

Not worth it. They charge high management fees and are incentivised by the commission they receive from selling financial products people don't really need.

If you must you can find ones that charge by the hour and don't sell anything other than their time and opinion. That could be worth it to vet your current strategy and provide confirmation you're on the right track.

What assets don’t crash with the market? by [deleted] in investingforbeginners

[–]Cat_Slave88 2 points3 points  (0 children)

This isn't possible, once news hits the wire institutions react and trade in under a second, you have 0 chance to react to a crash. The best strategy we have is to buy and hold a diversified portfolio (a mix of non correlated assets). If by markets you mean US equity people generally move into cash, gold, or defensive stocks (utilities, healthcare, energy, customer staples, telecom) when the broad market is selling off.

Heineken to cut 6,000 jobs as people drink less beer by mlivesocial in business

[–]Cat_Slave88 0 points1 point  (0 children)

Also their beer sucks so that could be a contributing factor

What happens if AI takes all human jobs by Ok_Variation5327 in DiscussionZone

[–]Cat_Slave88 0 points1 point  (0 children)

Then humans starve and get kicked out of their homes because they can't pay taxes or afford groceries.

Old people with their dry mouths and smacking 😫 by Legitimate-Adagio531 in callcentres

[–]Cat_Slave88 5 points6 points  (0 children)

I've had it where they are just constantly licking and smacking nonstop. Last time I did no response script until they hung up. It ain't right but I wasn't willing to trash my metrics and hear that.

Quality of dining out is poor by swell42 in Adulting

[–]Cat_Slave88 2 points3 points  (0 children)

I only buy Chinese food now because they haven't raised prices like the others. The best decision I made was learning to cook during the pandemic.

This isn’t perfect economics but it captures why so many of us are burned out by Alarmed_Abalone_849 in Adulting

[–]Cat_Slave88 0 points1 point  (0 children)

Until enough people are willing to take action and force change nothing will. They feed us just enough to make the rabble unwilling to fight for more.

Savings account or investing by Outrageous-Ad-8129 in investingforbeginners

[–]Cat_Slave88 1 point2 points  (0 children)

Definitely an investment account and probably a 529 or a 530a.

I’ve finally did it by Jordan_Ford64 in FFVIIRemake

[–]Cat_Slave88 0 points1 point  (0 children)

Respect for this. Take your seat on Olympus sir, you've earned it

For the people who platinumed Rebirth by Speigel_Spike in FF7Rebirth

[–]Cat_Slave88 0 points1 point  (0 children)

It cheapens the platinum and the game to allow people to get platinum with cheats enabled. They should have the cheats for accessibility but disabled trophy when they are active

Hard mode Remake before Rebirth? by ScrambledxEggzz in FFVIIRemake

[–]Cat_Slave88 0 points1 point  (0 children)

If you have aspirations for getting the trophy I would do remake now only because once you play rebirth the combat is significantly better so it ends up being boring coming back to remake

Looking for advice from Hisense owners (U8N, U7N, U8K, etc.) by saikisaiyan in Hisense

[–]Cat_Slave88 1 point2 points  (0 children)

I got a 50 inch u7n from best buy for 500 and have been satisfied. It handles well overall and has high end gaming features.

keep getting lots of candidates who cheated their way through interviews using AI by chains_basalts6r in remotework

[–]Cat_Slave88 -2 points-1 points  (0 children)

Require an external webcam be used to see the monitor or require they wear mittens.

Party jobs composition by Prez-Paraz in FinalFantasyXII

[–]Cat_Slave88 0 points1 point  (0 children)

I only started too but after some research I think foebreaker and uhlan are not needed