this post was submitted on 27 Dec 2025
50 points (100.0% liked)

askchapo

23194 readers
308 users here now

Ask Hexbear is the place to ask and answer ~~thought-provoking~~ questions.

Rules:

  1. Posts must ask a question.

  2. If the question asked is serious, answer seriously.

  3. Questions where you want to learn more about socialism are allowed, but questions in bad faith are not.

  4. Try !feedback@hexbear.net if you're having questions about regarding moderation, site policy, the site itself, development, volunteering or the mod team.

founded 5 years ago
MODERATORS
PorkrollPosadist@hexbear.net
replaceable@hexbear.net
VILenin@hexbear.net
SexUnderSocialism@hexbear.net
khizuo@hexbear.net
Wakmrow@hexbear.net
50
Anything to do with savings other than see them dwindle? (hexbear.net)
submitted 1 day ago by thirstyskyline@hexbear.net to c/askchapo@hexbear.net
25 comments fedilink hide all child comments
 

Very modest amount of savings, from the third world. Everything seems from fucked to very fucked and just seems like you would tie your interests with that of Capital like private pensions do

you are viewing a single comment's thread
view the rest of the comments
[–] AF_R@hexbear.net 8 points 1 day ago

Prioritize:

  1. Pay off all debt, anything that accrues interest
  2. Have a 6 month emergency fund. 2.1. Hold cash in interest bearing accounts. Americans can get 3.8% in money markets. Avoid holding cash that does not bear interest.
  3. Max out your tax-advantaged accounts. Typically a 401k plan with employer match and stock options you want to max out. It’s free money.
  4. Max out your Roth IRA (or equivalent)
  5. Invest in ETFs. VT is the simplest.