I like many others would like to eventually retire, preferably earlier than later. Money does not make sense to me beyond paycheck pays for rent and food.

  • Shinji_Ikari [he/him]
    ·
    3 years ago

    I've got a bit of debt I can pay off and plenty saved. I think my 401k equivalent is essentially ETF and index funds. I save a decent amount compared to how much I make, but it mostly goes into a savings account so I want to figure out how I can open some kind of vanguard account separate from my retirement account and just throw the savings into the investment stuff so it can at least grow with inflation sorta.

    Pretty sad I gotta do a lot of investment shit for the FIRE thing. The worst part about stocks is you have to give a shit about what companies are doing. I don't care about nvidia until my graphics card starts playing dwarf fortress without my permission. I hate thinking about this stuff but I'd love to not have to work anymore.

      • Shinji_Ikari [he/him]
        ·
        3 years ago

        Oh well I meant the worst part of individual stocks. I rather like the idea of ETFs and my retirement account has done pretty okay with it.

        I lean vanguard because IIRC they tend to do more conservative moves and performance generally matches the more wild moves, and also lets me set and forget. I can look into the other brokerage companies.

        I guess my optimal goal would be to put money into an investment account over a savings account so it doesn't just sit there and rot.

        I end up start researching it and get overwhelmed and never make a move to anything in particular.

    • cawsby [he/him]
      ·
      3 years ago

      You can try sites like Personal Capital to get a better view of your finances.

      It will show you how your retirement is doing and give estimates on how much dividends you will get etc.

      • Shinji_Ikari [he/him]
        ·
        3 years ago

        That's an interesting site. Makes me worry connecting various accounts but I can look into it some more.

        • spectre [he/him]
          ·
          3 years ago

          Mint.com is the other one, it's run by the TurboTax ghouls who probably could steal your identity in 5 different ways anyway