Hey y’all! I have been thinking that this community could use a weekly discussion thread. Feel free to comment below with anything and everything money related that is better suited to a conversation or a quick question and answer than a full post. Some ideas include:

  • Journaling about an ongoing job search
  • Asking for ideas about how to manage an emergency fund
  • Logging recent stock trades
  • Talking about the impact of inflation on your budget
  • Your plans for maximizing the rewards on a credit card

Again, those are just suggestions, if there’s really anything you’d like to talk about related to finance in your life, feel free to put it here.

  • gyrfalcon@beehaw.orgOPMEnglish
    3·
    1 year ago

    Alright broad rundown time so I can reference on future posts:

    For retirement I am currently following a portfolio allocation from Ben Felix, adapted for the U.S. by this website, with a 15% bond allocation. For those who don’t want to click through, this is essentially a total market portfolio that makes sure to cover domestic and international equities, with a bias towards small cap value stocks, which historically have shown additional returns over large growth stocks. The bond allocation is more by accident if I am being honest, and I will probably gradually reduce it as I am pretty young and I find the arguments presented for lifecycle investing pretty convincing. I am more or less hitting my target allocation now, as I just finished a 401k rollover and was able to get everything the way I wanted.

    I have a small hobby investing account, funded from my hobby budget and currently less than $1k in total after getting a $100 bonus for funding the account. The investments there are mostly picked based on what I think is interesting, including the following:

    • Funds

    • Yote.zipEnglish
      2·
      1 year ago

      Sounds like a solid plan. I link Ben Felix’s videos to people a lot. As far as small cap tilt etc, the most important thing is that you’re putting money into stocks consistently and letting it grow. There’s a tendency to sweat the small stuff with passive investing because it feels like you should be doing something, but in reality it’s a gamble that’s probably only worth a few days of extra work before you retire.

      I’m personally 0% bonds in the accumulation phase but everyone has their own opinions on that sort of thing. My strategy is just setting up a bond tent around retirement and ignoring bonds otherwise