I need investment advice (stock market)

[Tuushi]

Great thread.

I started saving little less than 2 years ago.I look maybe once in a while and sometimes forget for months.I am not investing for short term.It is little money that gets deducted from every pay.In index funds.

Same. I have a pension that is deducted from my salary & matched by the employer. To access it though you have to work till retirement age. I was hoping that wouldn't be the case; what if you leave the country, can't you ask for your contributions to return to you?

For me,if i need to withdraw,i need to pay taxes on it. Because it is tax free saving with yearly contribution limits. No employer matching tho.

[YummyMummy]

I think I would pay taxes on mine too if I were to withdraw it earlier, but even then it would be under extenuating circumstances (e.g. leaving employment due to illness)

[Tuushi]

Yeah. Probably the employer involvement brings that on. I can withdraw mine any time. Just get taxed. Good to have for emergency.

[YummyMummy]

You're right. I wonder if, when I find something else, I leave and ask for the pension I have been paying, if they'll tell me that I'm not entitled to anything.
I donno. In shaa Allah khair.

[AbdiWahab252]

Yummy, just let it sit there. It is amazing but time flies and you will need it when you get old. When I retire, I anticipate a monthly withdrawal of at least 8,000 per month

[AbdiWahab252]

Yummy, just let it sit there. It is amazing but time flies and you will need it when you get old. When I retire, I anticipate a monthly withdrawal of at least 8,000 per month

[YummyMummy]

The issue is not the pension remaining there, the issue is that I have to keep working the same job forever (till 68yrs old) in order to access it.

[Basra-]

a bunch of none imaan peeps in this thread. hilarious.

[Skippa]

Okay I know it's a strange way of looking at it but it's the "I will eat meat but I won't kill an animal" philosophy. As long as xaranta sanka iiga jirin I can excuse it in my heart. E.g. I don't mind putting money in an inflation beating account where I am earning interest (it is how the system works) but to outright earn interest as income....I can't be at peace with that and I will probably create a self-fulfilling prophecy and make all my money barako-la'aan.


There has to be an in-between

Don't mean to judge (or maybe I do) but your thing is what they used to call "xaydha jecli beerka jecli". If you're dabbling , might as well go full tilt

[BlackVelvet]

Okay I know it's a strange way of looking at it but it's the "I will eat meat but I won't kill an animal" philosophy. As long as xaranta sanka iiga jirin I can excuse it in my heart. E.g. I don't mind putting money in an inflation beating account where I am earning interest (it is how the system works) but to outright earn interest as income....I can't be at peace with that and I will probably create a self-fulfilling prophecy and make all my money barako-la'aan.


There has to be an in-between

Don't mean to judge (or maybe I do) but your thing is what they used to call "xaydha jecli beerka jecli". If you're dabbling , might as well go full tilt

Maya maya waa risk appetite oo iska liito. Even hell has levels, I'm hoping yawmul qiyama that my explanation will help me out so wax la explain-gareynkaro aan raba in aan ku ekeeyo yacni waxaaga ka dareey waaye in ley dhihin

Don't know if you understand my somali

[Octavius]

Today was a decent day for me, Alx

Jasmine did you pull out in the end

[Octavius]

I am making significant loss on investment (almost 25%).

It hurts me just to read that

[BlackVelvet]

Prices were up today, good Q3's (as I had predicted) but still because they'd fallen so badly it's going to take a while for them to go back to my purchase price


I am not pulling out until I at least breakeven no matter how long that takes. It's not the end of the world, I don't need that money just would have been nice to have made some instead of lost some you know

[ZubeirAwal]

Invest in precious metals, and not on the stock market.

[Shirib]

Prices were up today, good Q3's (as I had predicted) but still because they'd fallen so badly it's going to take a while for them to go back to my purchase price


I am not pulling out until I at least breakeven no matter how long that takes. It's not the end of the world, I don't need that money just would have been nice to have made some instead of lost some you know

Do you invest to break even? Wait till you earn a profit woman