Investing: Difference between revisions

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In general, you should save money in the following accounts in order:

# 401k, 403b, or thrift savings ~~(up to employer-match)~~

# 401k, 403b, or thrift savings

# Traditional or Roth IRA (up to IRS limit)

~~# 401k, 403b (up to IRS limit)~~

# Investing account

# High-yield Savings, Cash account, or CD

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Exchange-traded funds. Typically these will have a fee called an expense ratio.

~~However, since they are not usually actively managed, their fees are often lower than mutual funds. ~~

The expense ratio is measured in basis points.

25 basis points is an annual fee of 0.25%.

~~The following classifications are stolen from Wealthfront and Acorns ~~

==~~Robo-Investors~~==

==Brokerages==

===Fidelity===

===Wealthfront===

; [https://www.wealthfront.com/c/affiliates/invited/AFFA-BMT8-AIJ3-FS7E Referral]

;~~Benefits~~

* Tax-Loss Harvesting

; Cash Account

~~====~~Cash Account~~====~~

Wealthfront offers a cash account.

This account is distributed between 4 banks so it is FDIC Insured up to $1 million

This account is distributed between up to several banks so it is FDIC Insured up to $3 million <ref name="wealthfrontfdic" />.

==References==

{{reflist|refs=

<ref name="wealthfrontfdic">https://www.wealthfront.com/blog/wealthfront-fdic-insurance/</ref>

}}

@@ Line 1: / Line 1: @@
 In general, you should save money in the following accounts in order:
-# 401k, 403b, or thrift savings (up to employer-match)
+# 401k, 403b, or thrift savings
 # Traditional or Roth IRA (up to IRS limit)
-# 401k, 403b (up to IRS limit)
 # Investing account
 # High-yield Savings, Cash account, or CD
@@ Line 77: / Line 76: @@
 Exchange-traded funds. Typically these will have a fee called an expense ratio.<br>
-However, since they are not usually actively managed, their fees are often lower than mutual funds.<br>
 The expense ratio is measured in basis points.<br>
 basis points is an annual fee of 0.25%.<br>
-The following classifications are stolen from Wealthfront and Acorns<br>
-==Robo-Investors==
+==Brokerages==
+===Fidelity===
 ===Wealthfront===
 {{main | Wealthfront }}
 ; [https://www.wealthfront.com/c/affiliates/invited/AFFA-BMT8-AIJ3-FS7E Referral]<br>
-;Benefits
-* Tax-Loss Harvesting
+; Cash Account
-====Cash Account====
 Wealthfront offers a cash account.
-This account is distributed between 4 banks so it is FDIC Insured up to $1 million
+This account is distributed between up to several banks so it is FDIC Insured up to $3 million <ref name="wealthfrontfdic" />.
+==References==
+{{reflist|refs=
+<ref name="wealthfrontfdic">https://www.wealthfront.com/blog/wealthfront-fdic-insurance/</ref>
+}}