Finance Actions based on InvestingLatina and other folks' info

She's on youtube and instagram : investinglatina


If folks want a decent mix with low fees (Jaewoo)

60% Fidelity 500 (large cap)
20% Fideltiy US Bond Index (bonds)
15% Fidelity Small Cap Index (small)
5% Fideltiy International Index

Key quotes:

Assets will always be valued more than cash.

Definitely invest, invest soon.

Index funds are like fruit baskets waiting for you to be taken. 

When your company is acquired, a good time to rollover to a new bank is when the market is bull.

A good way to not pay tax is to expense through a business you own.

Cryptocurrency positive trend

We are in a capitalist society - productivity and innovation happens more now

Even though prices increase, markets have only grown for 100s of years


If you are young, less in bonds


If you are studying something, do it within 12 weeks and then take action. 

Things I need to learn about more / Actions to take / Questions to answer

- first total market stock, then real estate , then business

- learn about metrics of stocks and dividend stocks.

- 401K - which kinds, how much, which stocks/bonds/index funds - DONE :)

- rebalance / expense ratios - UNDERSTOOD

- roth IRA / backdoor  - UNDERSTOOD

- stocks - dividend stocks

- options

- What may I retirement look like - will I be in a higher tax bracket or a lower one - will I do tax deferred or post tax? or combo? is retirement tied to a job, can I just quit everything and take a low paying job for the last year of retirement just to use a pretax account? what order to remove money?

- Which country will I retire in - am I okay being double taxed?

- Do I need a crypto wallet?

- What about RSUs - sell to cover taxes?

- 5k each year can be written off on stock losses.

- emergency savings - 12 if unstable, 6 if stable job - savings for liquidity but also stocks can be sold.

- low interest debts are not a big problem - better to invest the money than close these.

- IRS witholding estimator - stop tax deductions on last few paychecks of the year to get earlier refunds

- Generational wealth - 15k limit on gift - so trust

- married filing separately - when the difference in salary between two is huge OR when tax deductions are better for one person during certain events like medical expenses.

- diversify - bitcoin / mickey mouse copyrights / gems and paintings?

- build a course / a book

- study / certify in 12 weeks.

- cyber security - data science - aml - fraud combo 

- turo / sell car / claim tax / storage rental / rally / wine gallery

- learn to look for lien real estate

- dropshipping for walmart.

- learn to build a budget for a business

- learn to listen to an audience and cater

- learn how to price

- have goals for your investments - monthly / yearly

- learn to network

- financial modeling your real estate

- learn about shorts / take webinar from candlesticks.

Other resources I need to go through

candlesticks webinar

fidelity webinar

fidelity calculators

https://grow.acorns.com/why-just-invest-in-an-index-fund-is-useless-advice/

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