David's Wiki

Investing: Difference between revisions

← Older edit

David (talk | contribs)

3 user groups
5,499 edits
 
(6 intermediate revisions by the same user not shown)
Line 1: Line 1:
In general, you should save money in the following accounts in order:
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)
# Traditional or Roth IRA (up to IRS limit)
# 401k, 403b (up to IRS limit)
# Investing account
# Investing account
# High-yield Savings, Cash account, or CD
# 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>
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>
The expense ratio is measured in basis points.<br>
25 basis points is an annual fee of 0.25%.<br>
25 basis points is an annual fee of 0.25%.<br>
The following classifications are stolen from Wealthfront and Acorns<br>
==Robo-Investors==
===Wealthfront===
{{main | Wealthfront }}
; [https://www.wealthfront.com/c/affiliates/invited/AFFA-BMT8-AIJ3-FS7E Referral]<br>
; Cash Account
Wealthfront offers a cash account.
This account is distributed between up to 8 banks so it is FDIC Insured up to $2 million <ref name="wealthfrontfdic" />.
==References==
{{reflist|
<ref name="wealthfrontfdic">https://support.wealthfront.com/hc/en-us/articles/360044302071-FDIC-insurance-for-Cash-Accounts#:~:text=Wealthfront%20uses%20more%20than%20one,customer%20account%20per%20banking%20institution.</ref>
}}
Retrieved from "https://wiki.davidl.me/view/Investing"