Let Them Eat Cake🍃 Treasury Bill
TL,DR: Like lettuce, lacking substance Treasury Bills / Lettucelacking substanceshort lifespansafe and mildly nutritiousEatamology “T-Bills” or “Bills” for short refer to the hard copy form of these bonds, which looks very much like a dollar bill, and which was created by President Hoover at the start of the Great Depression to raise money for the government when tax income dropped dramatically. The Department of the Treasury, a division of the Executive Branch (which is controlled by POTUS),...
Let Them Eat Cake🚶Who are you?
TL,DR: Choose suitable investments based on your goals and risk tolerance. “Pete Townshend was conflicted because he feared The Who had sold out, and seeing The Sex Pistols, who were icons of rebellion, exacerbated him even more. Pete left that bar and passed out in a random doorway in Soho (a part of London). A policeman recognized him ("A policeman knew my name") and being kind, woke him and told him, "You can go sleep at home tonight (instead of a jail cell), if you can get up and walk awa...
Let Them Eat Cake☀️ ESG
TL,DR: ESG designations are labels meant to indicate ethical products ESG | Organic, Non-GMO, Ethically SourcedLike organic, non-gmo, and ethically sourced marketing labels, ESG labels are applied when a company allegedly meets regulatory standardsCan be related to the product itself, or associated impacts from the productEatamology “ESG” stands for environmental, social, and governance. It’s a broad and sometimes subjective label that attracts investors concerned about outcomes and ethics in...
Helping future investors understand finance and crypto using digestible analogies. I hope you brought your appetite. Not a financial advisor
TL,DR: Where your store products matters as much as what you buy
Depending on your goals, and the type of investments you make, you may need a variety of financial accounts. Each account provides different levels of preservation and protection of your money and products - kind of like the storage in your kitchen.
Kitchen Table / Checking and Savings Account
Extra cash in checking and savings accounts like food on your kitchen table. You’re not taking any precautions to preserve it because the food is ready for consumption.
Refrigerator / Brokerage Account
Investments into individual products like stocks and bonds should be made into a brokerage account. Think of brokerage accounts like your refrigerator, which makes items accessible but is not the best place for long term storage. Items in a fridge, like investments in a brokerage account, are accessed and liquidated with relative frequency.
Pantry / IRA
The pantry is for long term storage. Individual retirement accounts have limitations to the amount you can put in ($6K)- and are not intended for immediate withdrawal (59 1/2 or 10% penalty). They are tax deferred- meaning income earned can be put directly into the account without being taxed. Upon withdrawal taxes are applied based on your current tax bracket.
Freezer / Roth IRA
Unlike pantry items, frozen products can be precooked and ready to eat. Roth accounts are funded post-tax - but withdrawn tax free. William Roth was a senator from Delaware who passed legislation encouraging responsible saving.
Pantry at Work / 401K
Like the pantry at work- 401K’s store your products within a work account - and are often augmented or matched by your employer. In addition to whatever products you added to the pantry - your employer may also contribute various snacks accessible to you. Similar to a traditional IRA, a 401K is tax deferred, not eligible for withdrawal until retirement, and limited in contributions.
Freezer at Work / Roth 401K
Like the freezer at work- Roth 401K’s store your products within a work account - and can be pre-cooked (post-tax).
Emergency Food Storage / HSA
Like emergency foods, HSA’s last for a long time and maintain their value. HSA’s, or Health Savings Account, serve a similar purpose and do a great job preserving wealth. They are triple tax advantaged, meaning they are not taxed upon contribution or withdrawal, and interest and gains are not taxed either, assuming you use them to pay for healthcare.
Before investing in any of these accounts - you must set them up through an employer, bank or brokerage platform.
TL,DR: Where your store products matters as much as what you buy
Depending on your goals, and the type of investments you make, you may need a variety of financial accounts. Each account provides different levels of preservation and protection of your money and products - kind of like the storage in your kitchen.
Kitchen Table / Checking and Savings Account
Extra cash in checking and savings accounts like food on your kitchen table. You’re not taking any precautions to preserve it because the food is ready for consumption.
Refrigerator / Brokerage Account
Investments into individual products like stocks and bonds should be made into a brokerage account. Think of brokerage accounts like your refrigerator, which makes items accessible but is not the best place for long term storage. Items in a fridge, like investments in a brokerage account, are accessed and liquidated with relative frequency.
Pantry / IRA
The pantry is for long term storage. Individual retirement accounts have limitations to the amount you can put in ($6K)- and are not intended for immediate withdrawal (59 1/2 or 10% penalty). They are tax deferred- meaning income earned can be put directly into the account without being taxed. Upon withdrawal taxes are applied based on your current tax bracket.
Freezer / Roth IRA
Unlike pantry items, frozen products can be precooked and ready to eat. Roth accounts are funded post-tax - but withdrawn tax free. William Roth was a senator from Delaware who passed legislation encouraging responsible saving.
Pantry at Work / 401K
Like the pantry at work- 401K’s store your products within a work account - and are often augmented or matched by your employer. In addition to whatever products you added to the pantry - your employer may also contribute various snacks accessible to you. Similar to a traditional IRA, a 401K is tax deferred, not eligible for withdrawal until retirement, and limited in contributions.
Freezer at Work / Roth 401K
Like the freezer at work- Roth 401K’s store your products within a work account - and can be pre-cooked (post-tax).
Emergency Food Storage / HSA
Like emergency foods, HSA’s last for a long time and maintain their value. HSA’s, or Health Savings Account, serve a similar purpose and do a great job preserving wealth. They are triple tax advantaged, meaning they are not taxed upon contribution or withdrawal, and interest and gains are not taxed either, assuming you use them to pay for healthcare.
Before investing in any of these accounts - you must set them up through an employer, bank or brokerage platform.
Let Them Eat Cake🍃 Treasury Bill
TL,DR: Like lettuce, lacking substance Treasury Bills / Lettucelacking substanceshort lifespansafe and mildly nutritiousEatamology “T-Bills” or “Bills” for short refer to the hard copy form of these bonds, which looks very much like a dollar bill, and which was created by President Hoover at the start of the Great Depression to raise money for the government when tax income dropped dramatically. The Department of the Treasury, a division of the Executive Branch (which is controlled by POTUS),...
Let Them Eat Cake🚶Who are you?
TL,DR: Choose suitable investments based on your goals and risk tolerance. “Pete Townshend was conflicted because he feared The Who had sold out, and seeing The Sex Pistols, who were icons of rebellion, exacerbated him even more. Pete left that bar and passed out in a random doorway in Soho (a part of London). A policeman recognized him ("A policeman knew my name") and being kind, woke him and told him, "You can go sleep at home tonight (instead of a jail cell), if you can get up and walk awa...
Let Them Eat Cake☀️ ESG
TL,DR: ESG designations are labels meant to indicate ethical products ESG | Organic, Non-GMO, Ethically SourcedLike organic, non-gmo, and ethically sourced marketing labels, ESG labels are applied when a company allegedly meets regulatory standardsCan be related to the product itself, or associated impacts from the productEatamology “ESG” stands for environmental, social, and governance. It’s a broad and sometimes subjective label that attracts investors concerned about outcomes and ethics in...
Helping future investors understand finance and crypto using digestible analogies. I hope you brought your appetite. Not a financial advisor
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