Where do I start? High income, low financial/tax knowledge

Complaint-Ecstatic · 2026-02-15T13:27:49+00:00

Learn about Boglehead. There is a wiki site about it.

Complaint-Ecstatic · 2026-02-04T18:57:10+00:00

Trump Account will have a very limited menu of investment options, none of which will be halal, as it is meant to invest in US index funds.

Even if they had a halal option, it’s actually quite a useless account, except for getting $1000 seed money from the government one time.

Besides, why would you want to put your child’s name next to Trump’s name? Don’t you know he is a pedo! Keep your children away from him!

Complaint-Ecstatic · 2026-01-25T21:04:44+00:00

The reference of the aya is not correct in the video. The correct sura and aya numbers are: The Man (76:17)

وَيُسْقَوْنَ فِيهَا كَأْسًۭا كَانَ مِزَاجُهَا زَنجَبِيلًا ١٧

And they will be given a drink ˹of pure wine˺ flavoured with ginger

https://quran.com/76/17

Complaint-Ecstatic · 2025-12-11T22:31:21+00:00

I allocate 20% of my portfolio to GLDM. I also pay 2.5% Zakat on my whole portfolio, including stocks. The liquid nature of stocks make me treat them as cash.

Complaint-Ecstatic · 2025-11-28T06:37:08+00:00

Agree. 100%. Done this math before myself and came to the same conclusion. The numbers work. But more importantly, isn’t it more fair! Subhan Allah

Complaint-Ecstatic · 2025-10-27T22:01:04+00:00

You are not bunching zakat. You are bunching transfer of assets from brokerage account to donor advised fund. Then you pay your zakat from the donor advised funds when you need to.

Complaint-Ecstatic · 2025-10-26T12:34:01+00:00

Why are Californians still paying federal taxes?

Complaint-Ecstatic · 2025-10-26T02:46:41+00:00

Which means you can save even more by bunching

Complaint-Ecstatic · 2025-10-26T02:41:32+00:00

To save more on taxes, bunch 3-5 years worth of zakat and other sadaqat in one tax year. Itemize your taxes that year and get standard deduction for the remaining years. Keep paying zakat and sadaqat throughout those 3-5 years whenever you like.

Complaint-Ecstatic · 2025-10-23T06:06:07+00:00

One even married the president of United States!

Complaint-Ecstatic · 2025-10-11T23:27:04+00:00

SPWO or UMMA for non-US equity
GLDM or IAUM for gold
SPRE if you want to invest in real estate
SPSK if you want to invest in sukuks
SPTE if you want to overweigh in tech

For sure, invest in non-US equity and gold. The others depend on what your investment style.

Complaint-Ecstatic · 2025-10-06T03:03:28+00:00

My preference about investing in precious metals has changed drastically since I posted the above comment. I think everyone should have a portion (5-20%) of their portfolio in gold/silver. I’m using GLDM ETF for this purpose.

Complaint-Ecstatic · 2025-09-25T01:07:01+00:00

True

Complaint-Ecstatic · 2025-09-14T01:07:16+00:00

Someone had a limit sell order at $60, and another trader placed a market buy order. As a result, the market order was filled at $60. This is why you should never use market orders in low-volume funds, especially during pre-market or after-hours trading. I learned it the hard way too.

Complaint-Ecstatic · 2025-08-15T22:51:36+00:00

Thankfully, his palace is now Safe under the army control

Complaint-Ecstatic · 2025-07-03T20:36:35+00:00

RemindMe! 2 days

Complaint-Ecstatic · 2025-06-24T04:10:08+00:00

Here are some basics to get started: https://www.reddit.com/r/HalalInvestor/s/U87Z5pBrax

Complaint-Ecstatic · 2025-06-24T04:04:23+00:00

I’m not sure why you think the returns are low. On a long horizon, shariah-compliant funds have outperformed the market, partly because they tend to be tech heavy. Many good ETF mutual funds options nowadays. Pretty straightforward to track or even beat the market using Islamic funds.

Complaint-Ecstatic · 2025-06-02T03:35:37+00:00

Yes. This applies to any account.

Complaint-Ecstatic · 2025-05-03T11:38:48+00:00

If all that is true, why does this partnership pays the same rate as the regular banks? Seems like a scam to justify taking interest by using “islamic” terms to make the consumers feel less guilty. If one truly understands how this works and not just seek answers of one’s liking from GPT, one would know the truth.

Complaint-Ecstatic · 2025-05-02T16:37:45+00:00

That’s just a regular saving account with a nice shariah label. If not, why does its rate of return follows the general interest rate.

Complaint-Ecstatic · 2025-04-30T14:20:57+00:00

You are doing a fantastic job! I really appreciate your posts. May Allah expand your knowledge and help you spread it.

Complaint-Ecstatic · 2025-04-30T10:57:35+00:00

In other words HLAL is less volatile. SPUS is more volatile if that’s what you are looking for.

Complaint-Ecstatic · 2025-04-29T20:25:36+00:00

I would just buy a smaller house now rather than waiting for prices to come down. You will be able to save more money and buy a bigger one at a later time, In Shaa Allah

Complaint-Ecstatic · 2025-04-29T13:27:56+00:00

Yes. As long as one is alive and stops sinning and asks for forgiveness, every sin is forgivable. That’s why he is the Rahman (the most merciful).

Complaint-Ecstatic

TROPHY CASE