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678722 t1_j2ayi4q wrote

I received an Acorns email with insights from 2022 and my investment amounts are much higher than average, which got me worried.

I make around 40k/year and have $10/daily recurring investments set up, plus 2x roundups. However, I only have around 10k in others savings, including emergency. In addition, 25% of my weekly paycheck automatically goes to savings.

Am I investing too much? I wanted to take advantage of this year's market but I sometimes worry about not having enough liquidity.

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meamemg t1_j2b0v3q wrote

You should follow the steps in the prime directive in the wiki.

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SavageDuckling t1_j2ejidh wrote

You’re losing money by investing in acorns, unless it’s into something like an IRA. You should/need to be maxing your 401k/403b match first if you have one, then probably a Roth IRA

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678722 t1_j2fvabv wrote

My employer doesn't offer retirement benefits. I'm temporarily allowed to work in the US, I'm not retiring here.

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