Official Investing Thread

You have a recommended app? I know a lot of HSA companies will let you store the receipts in their own app but I'd prefer a separate app to account for switching jobs

 

May just scan/save in a Google Drive folder at the end of the day tbh. Can't take up that much room

 

Same

 

That's what I do, when I remember to

 

I don’t see what’s wrong with FSA

Saves me like $600/year on taxes on money I was going to spend anyways.

 

If you have a fixed cost the fsa is good (daycare).

 

This is me as well recently , but I love the thought of using it as a retirement account and one day plan on rejoining the triple-tax advantaged master race.

 

Team dependent care FSA checking in. Wish the limit was higher

 

I hear ya. I have four kids, so we’ll see how long I roll with the plan.

 

misread disregard

 

That’s the FSA number, right? I think the HSA number is only $2850.
(And yes, when my kids were in daycare, spending my $7k FSA was no problem at all.)

 

HSA is $7300, and yes, I smoke through it every year.

 

But again, I’ve also had four kids in five years. I’m probably an outlier.

 

I was able to put a chunk into the investment spillover my first 1/2 years, but what's gone in comes right back out the last 12 months with wife & 2 kids: MRI, dental night guard, various non-covered regular therapy sessions and everything else coming from being on a "high deductible" plan. All that invested would have just lost 10-20% short term though, so that makes me feel a little better.

 

Jesus Christ. Shawn Kemp level fertility.

 

You have a kid every time you guys beat Michigan?? Your wife is a saint.

 

https://www.tiktok.com/t/ZTdvrtHVa/?k=1

 

NTSX and AVUV, let’s long this bitch.

 

My wife and I have no kids. And somehow my wife blows through 80% of our HSA every year so this is making me scared.

The majority of my HSA spending goes to her ENT… it took like 6 to find one she likes. Her ENT has my wife in once a month to fix her allergies/snoring. Before the first surgery, my wife was like hey I should probably tell you before you meet her tomorrow, she’s uhhh very pretty. We’ve had two major surgeries to fix my wife’s snoring to no avail but I feel like I saw in the CFA exam if you have 3 surgeries that don’t work it becomes a tax free threesome and it would be a great investment.

 

There are ENTs that are less than scrupulous especially with the high-paying but quick balloon treatments that they have. Not saying anything like that is happening but if it’s costing you a fortune with no result might want to get a second opinion.

 

I've never had an HSA. The only medical expenses I have each year is $20 co-pay for me or my son. I guess I could use it to save up to do Lasik one day but I guess I should be thankful my insurance covers 99% of any expenses yearly where I'm not sure how I would take advantage of this benefit or am I missing obvious spending places?

 

I could be wrong but I think you have to have a high deductible health plan to qualify for an HSA

 

Correct

 

lol you compare it year over year of course its eventually "transitory" but the levels at which you now pay for things are not reduced.

It will be a more inflationary decade because we have not spend enough on energy and materials supply chains plain and simple but inflation does not go up in a straight line it will have have ebbs and flows. Right now that wave is cresting, but the real question is how quickly will it crash downward and at what level does it settle at.

 

My position has been the same, here is what I wrote in May and June of 2021.

Obviously back then I did not for see a Russia Ukraine conflict that gave it another leg upwards but I mentioned here below earlier this year.

 

Hard to gather sarcasm online.

 

So it's not an economic indicator like they'd hoped it would be and it's just a new installment option? Got it.

 

https://www.wsj.com/articles/sec-co...competitive-auctions-gensler-says-11654705854

Gary Gensler is gonna make you pay commissions for trades… but at least you’ll get better execution and you’ll know that the price on you confirm is exactly the price paid.

unfortunately no one cares about that and they want “free”

 

big fan of free

 

unless it's herpes

 

https://www.scmp.com/business/china...-reopening-worlds-biggest-port-reaps-benefits

 

https://www.reuters.com/markets/asia/chinas-trade-revs-up-may-covid-curbs-ease-2022-06-09/

 

Ally savings up to 0.90%
Cha-ching

 

Yup definitely transitory.

 

It doesn’t matter at this point it beat expectations on almost every metric, the “pause in September” is completely off the table. The Fed will have to tighten till something breaks or earnings falls off the table by late fall.

 

Problem solved everybody. Mission accomplished.

 

Contemplating maxing out my Roth here. I still think the economy is doing well until we see unemployment move up quite bit (if it does).

 

1.25% at Sofi with a small direct deposit right now.

 

requiring direct deposit?

and for that reason… I’m out.