Quick question as Im putting together my tax package for my accountant...Do I get a tax slip from an RRSP account if I neither contributed to it or withdrew from it? Or are tax slips just to reflect money going in or out of that account? I have a couple RRSP accounts than Im just letting ride but want to make sure Im not missing anything for the CRA.

Same with TFSA?

Just looking for advice on which would be better for investment of savings for the veterans organization I work at part time. I’m guessing my choices are either HYSA or a Money Market.

This is our rainy day fund so it doesn’t see withdrawals very often at all, and will see deposits based on when we have enough extra to contribute to it. I’d say three or four times a year are likely. From what research I’ve done it seems the HYSA may be the best option based on fees are typically lower (or non existent) vs a Money Market.

Or is there another option I’m unaware of that exists? It needs to be low risk because I can’t gamble with this money being it doesn’t belong to me. Thanks for any input!

Edited: typos

It's a widely acknowledged fact that 90 percent of traders fail. Observing any successful trader reinforces the notion that mindset plays a crucial role in achieving success in trading. In my view, the primary reason for most people failing in trading stems from their arrogance, a trait often noticeable among novice traders. They tend to believe there's only one correct approach to trading, or they resist keeping a trading journal or refining their strategies because they presume they possess all the necessary knowledge.

This is merely my perspective, and I'm keen to hear your thoughts on the matter.

Every article I see is preaching about how we dodged a recession, interest rates might come down, now is the time to buy etc. Everything is great, meanwhile we are at record highs, inflation is out of control, housing market is still messed up, lending is slowing down, defaults are up, bitcoin is at record highs, surely there is a recession coming. When everyone is saying buy. It’s gotta be time to sell. What do we think?

If you are affluent and want to purchase some residential rental properties. E.g. with a $220M net worth and $10M to spend on the purchase.

Which is a better approach?

1. Same city or different cities/countries? Western Europe or Eastern Europe or Indonesia or South America?

2. Buy properties or invest in Reits?

Turning 50 this year and working to max what remaining investing time we have before retirement. Have 401k maxed and an IRA with prior employer 401k transferred. Our income level is above the threshold for obtaining tax advantages from contributing to Roth or traditional IRA, so I opened a taxable brokerage account to invest the extra we have. The traditional IRA is still worth contributing to, because the funds that are held within the IRA (and any dividends) can be managed tax free/deferred vs. the taxable brokerage account which incurs capital gains or income tax on any profits from share sales or dividends received. Correct?

So, we should still use the IRA to funnel money into from the brokerage at the annual limits as a means to mitigate tax burden?

Hello dear community! 👋As an enthusiastic investor, I am on a mission to find exciting opportunities to expand my portfolio abroad. My focus in this area is in the craft sector, as I strongly believe there is great potential for growth and innovation.
Whether it's traditional crafts or innovative technologies in manufacturing - I am open to all ideas and suggestions!
If you know of an exciting project or are a potential partner looking to build something great together, don't hesitate to send me a message or tag me. 💬
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For instance, SHOP was a favorite, but it didn’t make its expected move so both sides lost out. As I see it, earnings play can go three ways, up, down, or not make any significant move at all. How do you avoid the last part ? Also, what earnings totally surprised you ?

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!

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:

• How old are you? What country do you live in?
• Are you employed/making income? How much?
• What are your objectives with this money? (Buy a house? Retirement savings?)
• What is your time horizon? Do you need this money next month? Next 20yrs?
• What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
• What are you current holdings? (Do you already have exposure to specific funds and sectors? Any other assets?)
• Any big debts (include interest rate) or expenses?
• And any other relevant financial information will be useful to give you a proper answer.

Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq And our side bar also has useful resources.

If you are new to investing - please refer to Wiki - Getting Started

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Check the resources in the sidebar.

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 investment adviser if you need professional support before making any financial decisions!

I've had my emergency/savings in an HYSA earning around 5% but I live in California so I'm not trying to pay state income taxes on that earned interest. Looking into T-Bills I understand the announcement, auction and settlement dates. This is where I want confirmation on this and want to know if my math is adding up right.

For example: If I were to buy one 4-week T-Bill (every 4 weeks obviously) and were to rebuy/rollover it as soon as the T-Bill matures, there would be a one week gap from when I buy that T-Bill to when it is issued, correct? So every time I buy a T-Bill, the money is taken from my account and is sitting and doing nothing until the T-Bill is issued one week later and then the 4 week countdown begins. So my money is taken for 5 weeks but is only being used for 4 weeks.

The Math: If this is true above, wouldn't that mean every 4 weeks I go to buy a T-Bill, my money is doing nothing for me for 7 days? And if I buy this T-Bill every 4 weeks for one year, that would be 13 times. So my money would be sitting for 7 days doing nothing, 13 times. 7 days times 13 different days of purchasing T-Bills is 91 days of the money doing nothing. If I had $70,000 to put into this T-Bill, and we were to hypothetically expect to have a 5% rate on these 4 week T-Bills for one whole year straight, the math would be:

$70,000 * .05 = $3500 earned in a year / 365 days in a year = $9.59 a day in earned "interest" for a year even though I know it's not interest when it comes to T-Bills but that's about what we could expect to earn if the maturity countdown on T-Bills started as soon as you purchased one. So $9.59 * 91 days that the money would be sitting around doing nothing would mean we technically lose out on $872.60 a year, wouldn't it?

Now the number of times we purchase T-Bills can be reduced if we buy a longer maturity date such as an 8-week or 13-week T-Bill which means our money is sitting around for less time. But for this 4-week example...to me, at least, aren't we are missing out on about 1/4 of what we would earn if the countdown for the maturity date started the day of purchasing the T-Bill or in something like an HYSA earning 5% (before taxes)? Is there any way to bypass the days where the money is doing nothing such as a T-Bill ladder?

Parents want to stay away from stocks and its very understandable won't argue, but also they do not have enough money for real estate, this leaves them in this awkward position where their cash is just sitting in the bank

I suggested they try to convert it to gold atleast since afaik gold value does not really change much regardless of whats going on

Currently have a $500k mortgage at 5% that I’ve been paying an extra $1k a month towards to pay it off early. Also $280k in student loans at 2.8%. HHI $480k. We have an emergency fund already. Wondering what people recommend for my $60k tax refund (I was changing jobs and overpaid my estimated tax by a lot)

I have a normal Robinhood account. I had created this years ago before I knew what ROTHIRA was. Is there any way I can transfer whatever I have in that account to a ROTH IRA. Even if it’s from normal Robinhood brokerage account to ROTH on Robinhood without selling?

Long story short, I have 200 shares of MSFT with a cost-basis per share of $43, I am up $77k right now. I am starting to invest in XLK which has 23% MSFT as its top holding, as my goal is to become a bit more diversified instead of having so much tied up in just 1 stock. MSFT is my only stock. FYI my cost basis for MSFT is $8k and it's currently worth $85k.

If I sell I get the major tax hit (long-term gains) but I also know that taking gains/profits is not a bad thing, also considering we are at all-time highs in the market and at MSFT. What would you do? Sell it and just have it in a more diversified ETF like XLK? I can also collect cash on my 5.3% MMA while I invest weekly into XLK and a few other ETFs I have.

I know VOO might be the obvious answer and cd rates will eventually drop, but hear me out. I have a cd ladder for the next 5yrs. My ladder matures at a rate of one cd every 3 months. The interest range between 5.50%-4.50% return. I have 100k but wouldn’t invest it all in the market. If VOO has a return of 9% on average and say I only invest 25k that’s still less of a return than if I did 100k on a cd with a return of 4.5~5.5% return. My other idea is to keep this money in the cd and start fresh on a VOO index from the bottom maybe $100-$200 a month just to wrap my head around investing this way.

More info:

•35yrs old

•owe 25,000 on my house 6% interest.

•no other debt

•current cd return is $400/month

•income 45k/yr

Hi there

I've just embarked on my journey into stock market investing, with a keen interest in long-term strategies. While I've been devouring YouTube tutorials and books, I sometimes find the information overwhelming. I'm especially interested in mastering fundamental analysis. If anyone could suggest comprehensive tutorials on YouTube or recommend insightful books, I'd greatly appreciate it. I prefer taking things slow to ensure a thorough understanding before making any investments in companies.

If I were say in 5-10 years get enough liquid net worth to apply for and become an Accredited Investor, how does this work? Is it some ID number I would relay, or does it go on a Backround Check or Credit Score agency site somehow?

I'm just concerned while it could open up investing opportunities in the future, it could be something that makes me more likely to be laid off from a job if I'm "low risk of being hurt" by a layoff and/or if someone doing a backround check for criminal intentions would find out and I would be a more likely target.

How would you recommend to invest funds for short term with some return, but only using instruments available through a brokerage account (no HYSA)? Also considering as a non US citizen with no tax benefits obtained from investing in specific instruments. Thanks

I'm wondering if it makes any sense to convert my 5% Bond allocation (80% FSKAX / 15% FTIHX / 5% FXNAX) to a Money Market fund (FDRXX)?

I recognize that Cash isn't really an investment, but I don't see Bond returns beating inflation any time soon. If/when cash rates come down, I'd switch it back to Bonds.

As the title says, I have money in a 401k from my previous job (honestly didn't even know about it since they auto-enrolled me in it. Found out a year later). But I need the money to pay for my monthly expenses. What is the best way to go about withdrawing it. I've heard it's a bit complicated since it gets taxed many times and and such. Advice would be appreciated.

I’m an approved VC investor but not willing to drop $100k on any one private company. Came across this fund. Been Buying this for about 6 months. Some really interesting companies with great prospects. Plan to average in for next two years until I hit about 5 to 7% of my portfolio.

((Edit: My FIL not his lol)) His FIL gave him $5 grand cash and wanted us to put it into his savings account, but I was wondering if I should put it into long term bonds or ??? Most of our money is in SPY/QQQ/VOO but I don't want to just dump his money into our stock accounts due to tax reasons and hard to keep track of. Can I open some type of stock account for minors? Thanks for any tips, he won't be needing the money for at least 17 years.

What if I just invest in the most aggressive target-date fund and then switch to a target-date fund with a later target date every 5 years, instead of following the fund's built-in glide path? I appreciate the simplicity of a target-date fund compared to the popular 3-fund or 4-fund portfolios. However, I am concerned that the target-date funds will become too conservative with time and will not allow me the possibility of early retirement if I choose. Can I just skip the target-date fund glide path and just keep hopping my investments to the most recent target-date funds? What are your thoughts? I understand that I will be paying capital gains tax every 5 years, but aside from this, are there any other downsides?

So, I use RH as both my brokerage and consolidated some former employers 401ks in Traditional Roth's.

I noticed on my brokerage account, stock lending payments to be absolutely worthless. And my thought process is, that they are only ever used/lent to make negative sentiment plays against my portfolio.

And also don't I technically carry all the risk to someone who is borrowing my stock?

So what am I missing, or what are the upsides?

(19m) Hello I’m looking to make the smart financial decision and invest in my Roth, need some advice on maxing it. I have been working for a couple months and saved around 5k, I read that the 2023 Roth is still open to contribute until April 15th. I Would like to invest all my saved money I already have ~1k in there. Is this a smart decision and anything I should know before doing this. Thank you !

Looking at how to leverage capital gains to help older kids pay for graduate school (529s depleted on undergrad and federal loan rates at ~7% so looking for solutions to help). Have others done this? The kiddie tax laws, various tax rates, etc makes me want to talk to a tax advisor to help ensure we do the right thing. Brokerages say they have advisors to help - but is that just biased toward their investments? Would finding (and paying for) an independent tax or wealth management advisor be better? We’ve always done our own taxes via TurboTax…new to this complexity…tx for tips

Looking to diversify my dividend portfolio by adding a high yield 6%+ energy or infrastructure stock. Looking for recommendations. Don’t want a MLP with a K-1. So far found ENB, HESM, NEP and maybe even an etf like AMLP. I am in the US so don’t like the whole tax withholding from ENB and then HESM makes me nervous with chevron buyout.

Appreciate everyone’s thoughts and opinions! Thanks in advance!

Hey guys, I’m 18 and in community college. I get a decent amount of grants that pretty much cover my schooling. I work so I have been investing most of my money in VTI/VOO. I also am offered subsidized loans. So I was wondering if I might as well take these and just invest them. I don’t have to pay these anyways till I’m done with school and they don’t have any interest.

I have a Rollover IRA (Fidelity) from a previous employer and I have a 401K with my current employer. I just opened and contributed to Traditional IRA on Robinhood (to get their 3% match offer) but I realized that I cannot do a backdoor Roth conversion due to the pro-rata rule. What are my options?

If I rollover my rollover IRA into my existing 401k before doing BDR, do I have to wait for a minimum duration? For example, if I send my Rollover IRA money to my 401k in April of 2024, then can I do BDR this year without triggering the pro-rata rule?

DXYZ: It’s a fund, but behaves like a stock so far, and the movements have been wild in just 1 week. Thoughts on it? What do you think would be the factors that bring it up even more? What may bring it down? How high can it go? Would it crash anytime soon?

This is meant to be a discussion, not an advice seeking post. Apologies, forgot to mention the ticker. It’s DXYZ.

Since many are baffled on the notion of exposure to SpaceX and OpenAI, the NYT article helps explain it:

https://www.nytimes.com/2024/04/05/technology/invest-private-tech-openai-spacex.html

Stripe, a payments start-up, is one of the most successful companies to emerge from Silicon Valley in a generation. Last year, it hit a valuation of $65 billion. But in the 15 years since it was founded, there has not been a way for most individuals to invest in it.

It is a problem that has vexed retail investors for years, as start-ups like Stripe, SpaceX and OpenAI soar to enormous valuations in the private market. Only so-called accredited investors with a high net worth are allowed to invest in private tech start-ups. By the time the companies go public a decade or more after they started, their growth has often slowed and their valuations are high.

A new fund, Destiny Tech100, is trying to change that with a novel solution. It is offering a publicly traded fund that contains shares of 23 private tech companies including Stripe, SpaceX, OpenAI, Discord and Epic Games. The fund, which began trading on the New York Stock Exchange last week, plans to expand its holdings to include stock in 100 start-ups.

Sohail Prasad, the chief executive of Destiny XYZ, the parent company of the fund, said his goal was to let anyone own part of the tech industry’s top private companies.

“We have tens of thousands of individual investors that are now shareholders in these companies,” he said.

The fund is part of a convergence of the public and private markets that has accelerated in recent years, as investments in private “alternative assets” — including private equity, hedge funds and venture capital — become larger pieces of the overall investment landscape. Venture capital investments in private tech start-ups rose to $170 billion last year from $28 billion in 2009, according to PitchBook, which tracks start-ups.

The pandemic supercharged that trend as more people chased risk and growth by trying to invest small amounts in start-ups, while marketplaces like Forge and Augment sprang up to let investors buy and sell private tech stocks.

Still, start-up investing is generally not available to most individuals. To qualify someone as an accredited investor, the Securities and Exchange Commission requires a net worth of $1 million or an annual income of $200,000 for the past two years. Non-accredited investors can try to invest in private start-ups through interval funds, which only allow people to sell a portion of their holdings every quarter, or mutual funds, which dedicate just a tiny portion of their overall funds to private companies.

Mr. Prasad was a founder of Forge, one of the marketplaces for private tech stocks, in 2014. He said he started Destiny in 2020 to give people like his father, a management consultant in Texas, access to high-growth start-ups.

Mr. Prasad raised $100 million in funding from investors including a variety of start-up founders like Fred Ehrsam, a founder of Coinbase, a large cryptocurrency exchange; Charlie Cheever, a founder of the question-and-answer site Quora; and Heather Hasson, a founder of FIGS, a medical apparel provider.

Mr. Prasad and a team of five deal makers have used their relationships to get access to the start-up shares that Destiny has bought so far. Private companies can be picky about whom they let own their shares. But as they stay private for longer, their employees and early investors can become antsy to cash out. The most valuable companies have held regular “tender offers” that allow employees to sell their shares, which is one way Destiny Tech100 buys stock.

The fund has also bought shares in Stripe and Plaid, a financial technology provider, through “forward contracts.” In these agreements, start-up employees can get cash by agreeing to transfer their company shares to an investor when the company goes public or sells. The contracts are controversial. Stripe has said that it forbids its current and former employees to strike such deals and that any forward contract is void. Mr. Prasad said his fund was confident the deals were legal.

Destiny Tech100 has a market valuation of about $365 million. After the companies it has invested in sell or go public, the returns from those investments can be distributed to shareholders as a dividend or reinvested in the fund. Mr. Prasad said the fund planned to hold the stocks for a time after a company goes public. The fund charges an annual fee of 2.5 percent.

James Seyffart, a research analyst at Bloomberg Intelligence, said such a fund was the only way for many investors to get exposure to these companies, especially with smaller amounts of money.

“Even if you are accredited and can get into them, there are often very high minimums” needed to invest, he said.

The biggest risk to investors in the new fund is whether the price of the stock reflects the value of the underlying assets, he added. The S.E.C. limits who can invest in private tech start-ups for a reason: Such investments can be risky. Private companies are not required to share information about their operations, and it can be difficult to assess their valuation. Many tech start-ups are also unprofitable.

The Destiny Tech100 fund has become available as investors have pulled back on many tech investments. (Companies that are focused on artificial intelligence remain in demand.) Instacart and Reddit, well-known consumer tech companies that recently went public, are trading below their last private valuations. Destiny Tech100 owns shares in Instacart, which it bought before the company went public.