Daily General Discussion and spitballin thread - December 02, 2021 Investing |
- Daily General Discussion and spitballin thread - December 02, 2021
- Daily Advice Thread - All basic help or advice questions must be posted here. December 02, 2021
- 18 and don’t know what to do from here.
- With tax season coming up, how do investment taxes work?
- API to get holding info for ETFs?
- Inverse ETF's, am I missing something related to risk with these?
- What to keep in mind when investing in 2022?
- Does it make sense to participate in the government's pension scheme?
| Daily General Discussion and spitballin thread - December 02, 2021 Posted: 02 Dec 2021 02:02 AM PST Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here! This thread is for:
Keep in mind that this subreddit, and this thread, is not an appropriate venue for questions that should be directed towards your broker's customer support or google. If you would like to ask a question about your personal situation or if you are asking for advice please keep these posts in the daily advice thread as that thread is more well suited for those questions. Any posts that should be comments in this thread will likely be removed. [link] [comments] |
| Daily Advice Thread - All basic help or advice questions must be posted here. December 02, 2021 Posted: 02 Dec 2021 02:01 AM PST If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq And our side bar also has useful resources. Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! [link] [comments] |
| 18 and don’t know what to do from here. Posted: 02 Dec 2021 01:21 AM PST Hello readers! I am an 18 year old who recently graduation high school. I have recently secured a 6 month Tafe course to study being a wardsman for a hospital. I've been investing since I turned 18 and I have around $2000 invested. This includes S&P500, Crypto, and a variety of other stocks. I currently live with my mother, girlfriend and sister. My girlfriend and I pay my mum $400 a month to contribute to bills, and my girlfriend and I have around $150 in monthly bills, this includes Phone Bills, Spotify, Etc. I just want to be financially free and invest so I don't have to work till i'm 65. I'm finding it hard to find the balance between putting money into investments and spending money on myself. I make around $2.5k Per month with my job at the moment. Please give me any recommendations or suggestions! Thanks for listening. I live in australia btw [link] [comments] |
| With tax season coming up, how do investment taxes work? Posted: 01 Dec 2021 04:42 PM PST This year was my first year investing my money so I have no idea how taxes work when it comes to this. Will it work just like your job - where your investment provider(?) sends you a form (W-2 in the case of a job) and I just have to enter that info into whatever tax software I choose before they send it out to the federal and state tax agencies? Does it get any more involved than that? Are there any pitfalls or other things I should know about before tax season hits? If it helps with info at all, I've invested using Robinhood (I know, I know) and Binance. Edit: Thank you for being so helpful with the info! The first couple responses I got were pretty toxic and condescending, but I'm glad to see that those comments were absolutely downvoted and that the community is more supportive than what those first few comments suggested. Based on some responses I've seen, I'm getting the idea that this community is against hiring tax professionals (at least for simpler things like this). Is that the case or am I misunderstanding? [link] [comments] |
| API to get holding info for ETFs? Posted: 01 Dec 2021 07:43 PM PST I'm interested in an API that you can query for some ETF (VTI, ESGU, etc) and it will return back all the holdings in the ETF and ideally percentages of the whole ETF. Just searching pretty generically at this point on Google but wondering if anyone knows of something like this. A lot of these APIs seem very expensive...and I'm just trying to screw around. I mean that's pretty much it...to meet this subs 400 word requirement...an API is just a programming interface that some other program can access. I don't have all the data on every ETF holding and want that data to do something with, so that's why I'm looking for an API for all the ETF's data and holdings for a side project. Thanks [link] [comments] |
| Inverse ETF's, am I missing something related to risk with these? Posted: 01 Dec 2021 05:01 PM PST I recently discovered that inversely leveraged ETF's exist. From how I see it, if the commodity (Or futures contracts for said commodity) decreases in value, then the value of the ETF will increase, and vice versa. Those that are leveraged, say, -2x, will respond in the same way, 2x gains, or 2x in losses. I see that on ETFs such as this, that there is a Net Expense Ratio that must be paid out, represented as a percent. I am under the assumption that this is a one time payment on your initial investment? Secondly, is there a way to seriously lose money with these? (Aside from the ETF value going to $0 somehow, losing your initial investment value). I have been looking for ways to effectively short the market, while avoiding options trading, as I don't want to risk losing more money than I put in (And I still don't fully understand the process of trading those yet). Any insight would be most appreciated! I did some research on this, but I was unable to find answers for some of these finer points. Pointers to literature would also be appreciated if applicable. [link] [comments] |
| What to keep in mind when investing in 2022? Posted: 02 Dec 2021 02:09 AM PST Hi! Can you please name any factors that can negatively affect investment in the coming 2022 year? What are the factors? There are a few obvious ones like inflation, the pandemic, digitalization, economic growth, or government policy. What else to keep in mind? And how 2022 is going to be different in terms of investing in comparison with 2021? Any ideas? Thanks for sharing your ideas! [link] [comments] |
| Does it make sense to participate in the government's pension scheme? Posted: 01 Dec 2021 04:03 PM PST I'm in my mid 20s and I live in Germany. My employer asked me if I want to contribute to the employee-funded pension scheme through a deferred compensation model (Entgeltumwandlung). The maximum that can be contributed annually is €6.816 (€568 monthly) and it is free of taxation, which is 8% of the Social Security Contribution Ceiling of the pension insurance. Moreover, up to 4% of the social security ceiling (€3.408 annually, €284 monthly) is free of the social security contributions. The reasons why I am hesitant are that: - I am likely to move from Germany in the next few years (probably out of the EU). - I would rather save and then invest money on my own instead of depending on a government which is probably going to fuck me over royally given the ever-increase proportion of elderly people. - Frankly, I did a bit of research, but I am still not sure how it works. [link] [comments] |
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