Money Guy Show Is THIS a Secret Investing Hack?
Dec 23, 2024
Explore the intriguing world of leveraged stocks and the potential risks of 2x and 3x S&P funds. Discover strategies to optimize your Health Savings Accounts and maximize employer contributions. Enjoy a light-hearted exchange about music mishaps and its unexpected ties to math skills. Plus, gain insights on how to enhance your financial literacy with valuable resources. Tune in for a blend of humor and knowledge that guides you toward smarter investing!
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Maximize HSA Benefits
- Contribute to your Health Savings Account (HSA) to benefit from tax advantages.
- Consider opening a separate HSA with a provider like Fidelity for better investment options if your employer's plan is limited.
Advocate for Better HSA Options
- Talk to your HR department to understand your employer's HSA plan.
- Politely advocate for lower fees and better investment options with your company's HSA provider.
Avoid Leveraged Stocks for Long-Term Investing
- Avoid leveraged stocks for long-term investing due to time decay.
- Leveraged stocks are more suitable for short-term speculation or momentum plays.