351–360 of 478 posts
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The S&P 500 is down 21% since the beginning of the year.
Muni bond and treasury ETFs are not down 21%, and neither is my emergency fund investment account.
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Stocks are liquid enough that you can sell enough to pay your credit card off before getting hit with interest. There's no reason to have 6 months worth of expenses in cash just sitting around unless you strongly suspect a crash.
That sounds like a lot of work, with added risks. With our system, our bills get paid with the money we have, and then when we make more money, it just goes back to the buffer account. Overflow goes into investing.
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> I don't make 12 trips a day to stores/friends/whatever when I can just make one or two Forget gas: This type behavior is a waste of time! The most precious resource of all.
"Waste" is subjective. Some people may enjoy driving/running a bunch of errands (I find it fun sometimes when I have nothing else to do).
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> It's not logical or financially wise I'm taken aback by this statement. I am in an incredibly similar situation to your wife in terms of growing up and being successful today, and I do this. Granted, I think I'm at 3.5 months, but the point stands. Sure, the money isn't generating more wealth, but that amount is finite. It's a cushion that should effectively indefinitely and every dollar beyond is vigorously invest…
Stocks are liquid enough that you can sell enough to pay your credit card off before getting hit with interest. There's no reason to have 6 months worth of expenses in cash just sitting around unless you strongly suspect a crash.
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I 100% welcome higher gas prices. Americans are so wasteful it's ridiculous. It'll hurt if you're currently in an inefficient car but once you get a hybrid / EV you won't care. I don't even look at the price filling up my Prius. SUVs that look like school buses and people commuting to an office job in full size trucks is madness.
I'm in the automotive industry and the biggest fan of EVs in general. I was even home-building an EV before I moved to the city. I think we still have a lot to figure out with our charging infrastructure, in cities where often it's hard just to park. I want an EV badly, but it'd be a constant struggle to keep it charged. There's also an issue with car companies generally not making the cars I want anymore, though I u…
The other area is colour ink. Printing in colour as a kid was a big deal. I think think I'm going to get in trouble at work when I print in colour... like the massive organization I work for is going to care about 5 pages of full colour document.
Being poor in general, during your childhood, scars you for life. It makes you penny wise and pound foolish, adverse to taking risks in your career and investments, can destroy your confidence in yourself, while always having to look over your shoulder monetarily speaking. Habits that even after you remove poverty from your live, you still feel the the anxiety and triggers in your head.
I was a kid during both oil shocks of the 1970s. That has absolutely nothing to do with my driving. What does, and not just for driving, is the family taught cultural value of 'don't be wasteful'. So unlike so many people today, I don't make 12 trips a day to stores/friends/whatever when I can just make one or two if I actually think 5 minutes ahead. That applies whether gas is $1 or $5 per gallon. I also try to make…
> I don't make 12 trips a day to stores/friends/whatever when I can just make one or two Forget gas: This type behavior is a waste of time! The most precious resource of all.
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I have a high yield savings account and interest is 0.75%, 6 withdrawals per month and the transfer completes same day if I need it in an emergency, plus it’s FDIC insured. Same peace of mind plus interest.
You might be talking about AMEX Savings? I remember when it was 1.70% before the pandemic. That almost beat inflation!