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PaperclipPerfector  1yr ago (text post)   2480 thread views

Wellness Wednesday for July 19, 2023

The Wednesday Wellness threads are meant to encourage users to ask for and provide advice and motivation to improve their lives. It isn't intended as a 'containment thread' and any content which could go here could instead be posted in its own thread. You could post:

  • Requests for advice and / or encouragement. On basically any topic and for any scale of problem.

  • Updates to let us know how you are doing. This provides valuable feedback on past advice / encouragement and will hopefully make people feel a little more motivated to follow through. If you want to be reminded to post your update, see the post titled 'update reminders', below.

  • Advice. This can be in response to a request for advice or just something that you think could be generally useful for many people here.

  • Encouragement. Probably best directed at specific users, but if you feel like just encouraging people in general I don't think anyone is going to object. I don't think I really need to say this, but just to be clear; encouragement should have a generally positive tone and not shame people (if people feel that shame might be an effective tool for motivating people, please discuss this so we can form a group consensus on how to use it rather than just trying it).

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Sorry, I really should have mentioned that I'm from Norway and that I have no previous exposure to finance terms. Much of your post is Greek to me. :)

ah, i shouldn't have assumed. non-US residents can invest in US securities but of course there will be tax implications both in the US and your country. probably too complicated unless you have a high net worth.

the general principles apply - most countries have some sort of tax-deferred retirement savings vehicle. also index funds instead of single stocks. savings accounts / CDs tell you the rate of return up front and are the lowest risk.

to some extent your government does this for you. norway has an absolutely massive sovereign wealth fund managing something like $250k per citizen

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