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Jows posted:I have kids, a house, stock sales, two state returns to file, my wife is an independent consultant, and I'll still be doing mine on Free File Fillable Forms because I'm ideologically opposed to paying for tax prep. And it's not hard, just a bit time-consuming. It's not hard except figuring out the tax adjustment or whatever for the government portion of my index fund, I can't even remember what it is but it makes no sense to me. As long as I'm just typing values from forms though it's fine.
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Jan 16, 2023 22:05
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nelson posted:Due to my credit union’s abysmal rates and fees, I am thinking of moving my checking to fidelity’s cash account and my savings account to their money market fund, as opposed to trying to chase rates with a HYSA of the month. Is this a valid strategy? I was trying to figure out whether to do this or just buy treasuries directly, for my non-checking money.
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Jan 20, 2023 04:02
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Busy Bee posted:Are there times when the yield on the secondary market becomes higher where it would be beneficial to sell the T-Bill before maturity? Or is it usually recommended to hold onto it until maturity unless you need the cash before it matures? I'd say it's basically like stocks, the bond is worth what it's worth at any given time, whether you keep it or sell it. Performing a transaction to sell it is slightly harder than not doing so, and you may have capital gains/losses if you care about that.
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Feb 4, 2023 21:04
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Fuschia tude posted:No, but if you're really worried about your stocks tanking due to some external event like that, you can buy puts on an extremely liquid broad market index like $spy with an expiration date after the fiscal cliff deadline, with an effective value equal to your portfolio. It's like buying insurance on your stock holdings. How do you actually buy options? It seems complicated.
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Feb 24, 2023 16:39
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esquilax posted:What specifically are you asking when you say how? The trading screen through Schwab (at least) is very straightforward, the complication all comes from the fact that it's a complicated financial instrument and you need to understand the implications of all 5-10 inputs in order to not do something boneheaded.
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Feb 25, 2023 00:41
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H110Hawk posted:You need to do this on a paper account first. Options are a force multiplier for everything and have extreme foot-gun capabilities. There is a reason you need approvals. If you are pressing buttons other than buy to open and sell to close you're in over your head. Insurance mainly. I don't see what's so scary about basic options unless you're issuing them.
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Feb 25, 2023 01:22
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H110Hawk posted:Insurance from? Adverse price movements
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Feb 25, 2023 01:30
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H110Hawk posted:I think you should head to the day trading thread then, as options are not newbies. Okay thanks I'll look. I never bothered with day trading because I have to preclear my transactions with work.
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Feb 25, 2023 02:12
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Can I buy a put on my house because if it loses value I'm gonna be hosed.  Edit: seriously though is there a good way to protect your biggest asset, besides buying in a bad neighborhood and investing the difference in an index fund?
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Feb 25, 2023 03:01
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What's wrong with Mint?
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Mar 22, 2023 18:22
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