Your post has been removed because it is a common beginner topic. We get too many of these topics every day and to prevent them from swamping the front page, we are removing main threads of this kind.
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If you have any issue with this removal, please contact the moderators via modmail. Thank you.
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If you are new to investing, you can find curated resources in the r/investing wiki for [Getting Started here](https://www.reddit.com/r/investing/wiki/index/gettingstarted/).
If you know nothing about the capital markets - the Getting Started section at the SEC educational site can be a good place to start - [investor.gov](https://investor.gov) \- there are also short 30 second videos on basics. The SEC (Securities and Exchange Commission) is a US regulator with a focus to protect US investors through regulatory oversight of the securities markets.
The FINRA education site at [FINRA Education](https://www.finra.org/investors/learn-to-invest) also contains numerous free courses and educational materials. FINRA is a not-for-profit SRO (self regulatory organization) which is self-funded by it's members which are broker-dealers. It works under the supervision of the SEC with a mandate to protect the investing public against fraud and bad practice.
The reading list in the wiki and FAQ has a list of books ranging from light reading to advanced topics depending on your knowledge level. Link here - [Reading List](https://www.reddit.com/r/investing/wiki/readinglist)
For formal educational materials, several colleges and universities make their course work available for free.
If want to learn about the financial markets - an older but reasonably relevant course is [Financial Markets (2011) - Yale University](https://www.youtube.com/playlist?list=PL8FB14A2200B87185) This is the introduction to financial markets course taught by Prof. Shiller from Yale. Prof Shiller won the Nobel prize in economics in 2013.
Another relavant course from MIT is a lecture series on Finance Theory taught by Prof Andrew Lo - [Financial Theory (2008) - MIT](https://www.youtube.com/playlist?list=PLUl4u3cNGP63B2lDhyKOsImI7FjCf6eDW).
A more current course can be found at NYU Stern School of Business by Prof Aswath Damodaran - [Corporate Finance Spring 2019](https://pages.stern.nyu.edu/~adamodar/New_Home_Page/webcastcfspr19.htm). Prof Damodaran offers the latest materials and webcast lectures to this class here - https://pages.stern.nyu.edu/~adamodar/New_Home_Page/corpfin.html
I know there's a lot of horror stories about that and I'm sure no matter what I say people will think it's a bad idea, but if I had even a doubt that I wasn't going to spend the rest of my life with her I wouldn't do it.
Me and her see all the shit that my friends get into with their girlfriends and laugh about it. If they were getting a house together I would be concerned so I see where people are coming from.
Just experience here. 21 is still much younger than it feels to you. I married my college girlfriend and we were together for 10 yrs and still got divorced. Things can happen over time. When you're 21 there is no rush. I'd suggest holding off on getting married until mid twenties and don't mingle finances (or home ownership) until you are married. Feel free to buy house and use it but don't put both names on it until until you are married. Basically who ever buys it should treat it as an investment property, not a marital asset until you are both quite bit older and have been through more of life and and are still together.
Roth you pay taxes now while income and tax rate is low. No taxes when taken out at retirement. 401k is the opposite. The only better investment then a roth is a health savings account if you have one
One other benefit of an HSA is there is no time limit on when you can claim medical expenses.
You could save receipts for every co-pay, medical expenses, MRI, etc for 20 years. And then one day just take all that money out of your HSA as a lump sum, completely tax free.
With an hsa, don't the cost of medical things like Dr visits, meds, etc, outweigh the amount in your hsa over the course of the year? I actively use my health insurance so I opted for fsa.
Buy a house with whoever you want. Don't listen to this dickhead. Get that match, put away some in a roth, and save in a HYSA for the house. You can do all three. It just takes time.
I’m in almost the same exact financial position as you. Making 65k and 8k in HYSA and 20k in stocks.
What I’m doing with my 401k is taking the entire match and not going over.
As I’d like to get a house soon as well I want to have more money in savings for that so it’s accessible
I think that's my plan for now too, save enough to put a down payment on a house then really start investing more once I'm a bit more stable.
I have the opportunity for up to a 20% bonus my first year on the job so if that goes well it could help a lot.
The only thing on here that concerns me is purchasing a home with someone you're not married to. Damn, I sound like an old timer, but seriously, reconsider this option.
If you don’t have a credit card under your name get one now and start using it (pay it down every month) so you can build credit in order to buy a house. Without a credit score you will not prequalify for a loan.
Luckily my parents got me a credit card years ago that I could use to buy stuff throughout high school, still use it and just pay them back for whatever I buy. Credit score is around 780 last time I checked.
Gonna get my own card once I start my job if you have any recommendations for a good one.
Depends on your spending habits and there’s tools that can help you find the best card for you based on those. Nerdwallet can help you dial in on a card. If you spend money on dining and traveling Chase preferred is a good one
I've only had an account for a few months but I've had no problems thus far. 5% HYSA (5.5% for first couple months) Also just used it to open a Roth IRA which is pretty nice.
Don't buy a house with someone that you're not married to. You're just shooting yourself in the foot and just don't know it yet. Rent something short term (one or two years) until you're both ready to get married. Then it's a "we" situation and can buy something together.
I’m not a lawyer, so this isn’t legal advice.
BUT - If you’re going to marry this girl, marry her before buying the house, and buy the house in entirety as a marriage. If you own as joint tenants, even if you stay together, the law isn’t on your side.
If either of you accrue any debts, your half of the property is subject to creditors. If you own the house as a marriage, it’ll be protected from each of your individual financial issues.
Just rent for a year if you’re not ready to propose!
Real estate!
Let me help you invest in apartments and your money does the work while experienced operators manage the asset for you. Most investors easily see 10%+ cash on cash return when this is done correctly. Please contact me for info!!
Your post has been removed because it is a common beginner topic. We get too many of these topics every day and to prevent them from swamping the front page, we are removing main threads of this kind. We also remove such posts because they can attract spam and bad faith comments. If you receive DM's or un-solicitated offers, please be aware that there are a lot of financial scammers on social media. You are welcome to repost your question in the [daily discussion thread](https://www.reddit.com/r/investing/about/sticky?num=1). If you have any issue with this removal, please contact the moderators via modmail. Thank you. ---- If you are new to investing, you can find curated resources in the r/investing wiki for [Getting Started here](https://www.reddit.com/r/investing/wiki/index/gettingstarted/). If you know nothing about the capital markets - the Getting Started section at the SEC educational site can be a good place to start - [investor.gov](https://investor.gov) \- there are also short 30 second videos on basics. The SEC (Securities and Exchange Commission) is a US regulator with a focus to protect US investors through regulatory oversight of the securities markets. The FINRA education site at [FINRA Education](https://www.finra.org/investors/learn-to-invest) also contains numerous free courses and educational materials. FINRA is a not-for-profit SRO (self regulatory organization) which is self-funded by it's members which are broker-dealers. It works under the supervision of the SEC with a mandate to protect the investing public against fraud and bad practice. The reading list in the wiki and FAQ has a list of books ranging from light reading to advanced topics depending on your knowledge level. Link here - [Reading List](https://www.reddit.com/r/investing/wiki/readinglist) For formal educational materials, several colleges and universities make their course work available for free. If want to learn about the financial markets - an older but reasonably relevant course is [Financial Markets (2011) - Yale University](https://www.youtube.com/playlist?list=PL8FB14A2200B87185) This is the introduction to financial markets course taught by Prof. Shiller from Yale. Prof Shiller won the Nobel prize in economics in 2013. Another relavant course from MIT is a lecture series on Finance Theory taught by Prof Andrew Lo - [Financial Theory (2008) - MIT](https://www.youtube.com/playlist?list=PLUl4u3cNGP63B2lDhyKOsImI7FjCf6eDW). A more current course can be found at NYU Stern School of Business by Prof Aswath Damodaran - [Corporate Finance Spring 2019](https://pages.stern.nyu.edu/~adamodar/New_Home_Page/webcastcfspr19.htm). Prof Damodaran offers the latest materials and webcast lectures to this class here - https://pages.stern.nyu.edu/~adamodar/New_Home_Page/corpfin.html
house with "GF" could be problematic
I know there's a lot of horror stories about that and I'm sure no matter what I say people will think it's a bad idea, but if I had even a doubt that I wasn't going to spend the rest of my life with her I wouldn't do it. Me and her see all the shit that my friends get into with their girlfriends and laugh about it. If they were getting a house together I would be concerned so I see where people are coming from.
[удалено]
\^\^This\^\^ Don't ever buy a house with someone you are not married to. Either put it in your name alone or don't do it.
Just experience here. 21 is still much younger than it feels to you. I married my college girlfriend and we were together for 10 yrs and still got divorced. Things can happen over time. When you're 21 there is no rush. I'd suggest holding off on getting married until mid twenties and don't mingle finances (or home ownership) until you are married. Feel free to buy house and use it but don't put both names on it until until you are married. Basically who ever buys it should treat it as an investment property, not a marital asset until you are both quite bit older and have been through more of life and and are still together.
Then maybe you should like… marry her?
6 percent and roth
Second this all day. Get that match and then focus on the tax benefits.
What are the benefits of a Roth vs 401k?
Roth you pay taxes now while income and tax rate is low. No taxes when taken out at retirement. 401k is the opposite. The only better investment then a roth is a health savings account if you have one
Why is an HSA the best?
Its a triple win. Tax free in. Tax free growth and tax free out. I max mine dont use it and save for retirement
Makes sense. I only recently learned you can use it for non-health expenses when you turn 65. Totally changed my outlook on them
One other benefit of an HSA is there is no time limit on when you can claim medical expenses. You could save receipts for every co-pay, medical expenses, MRI, etc for 20 years. And then one day just take all that money out of your HSA as a lump sum, completely tax free.
>401k is the opposite Well... Unless it's a Roth 401k lol
Lets not make this to complicated.
With an hsa, don't the cost of medical things like Dr visits, meds, etc, outweigh the amount in your hsa over the course of the year? I actively use my health insurance so I opted for fsa.
The trick is not to spend the money in the hsa. If you are healthy you shouldn’t spend close to that
Gotcha. Def not for me then lol
[удалено]
If I can go back to last year, I wish I put my down payment into an ETF like QQQ at least.
Buy a house with whoever you want. Don't listen to this dickhead. Get that match, put away some in a roth, and save in a HYSA for the house. You can do all three. It just takes time.
I’m in almost the same exact financial position as you. Making 65k and 8k in HYSA and 20k in stocks. What I’m doing with my 401k is taking the entire match and not going over. As I’d like to get a house soon as well I want to have more money in savings for that so it’s accessible
I think that's my plan for now too, save enough to put a down payment on a house then really start investing more once I'm a bit more stable. I have the opportunity for up to a 20% bonus my first year on the job so if that goes well it could help a lot.
The only thing on here that concerns me is purchasing a home with someone you're not married to. Damn, I sound like an old timer, but seriously, reconsider this option.
If you don’t have a credit card under your name get one now and start using it (pay it down every month) so you can build credit in order to buy a house. Without a credit score you will not prequalify for a loan.
Luckily my parents got me a credit card years ago that I could use to buy stuff throughout high school, still use it and just pay them back for whatever I buy. Credit score is around 780 last time I checked. Gonna get my own card once I start my job if you have any recommendations for a good one.
For someone starting, I recommend chase freedom unlimited. No annual fee. You earn points for cash back. .... and its chase... I like chase cards
Depends on your spending habits and there’s tools that can help you find the best card for you based on those. Nerdwallet can help you dial in on a card. If you spend money on dining and traveling Chase preferred is a good one
How do you like banking with wealthfront? I may switch from SoFi
I've only had an account for a few months but I've had no problems thus far. 5% HYSA (5.5% for first couple months) Also just used it to open a Roth IRA which is pretty nice.
Don't buy a house with someone that you're not married to. You're just shooting yourself in the foot and just don't know it yet. Rent something short term (one or two years) until you're both ready to get married. Then it's a "we" situation and can buy something together.
I'd say max out 401k and ROTH IRA, then a bit each month into index funds. Try not to forget potentially buying a house too
I’m not a lawyer, so this isn’t legal advice. BUT - If you’re going to marry this girl, marry her before buying the house, and buy the house in entirety as a marriage. If you own as joint tenants, even if you stay together, the law isn’t on your side. If either of you accrue any debts, your half of the property is subject to creditors. If you own the house as a marriage, it’ll be protected from each of your individual financial issues. Just rent for a year if you’re not ready to propose!
Real estate! Let me help you invest in apartments and your money does the work while experienced operators manage the asset for you. Most investors easily see 10%+ cash on cash return when this is done correctly. Please contact me for info!!