Monthly 5 - August

Getting your $$$ straight! 😏

August 26, 2022

Ready to level up?

This is it. You got the remote job you were looking for. The working atmosphere is awesome, you are loving your team and the challenges ahead. You are enjoying great perks and earning in U.S dollars. What's next? 

Today we'll dive deeper into investing and getting your personal accounting straight.

Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.

In this edition: New discounts for our talent community, Budgeting and Investing, Upcoming free events for our community, and August's Top Picks.

Getting your budget straight

Before talking about investing, make sure you are aligned and up to date with your country's tax regulations.

Different methods, for different people

  Investing 101: thinking like an owner

"The individual investor should act consistently as an investor and not as a speculator." - Benjamin Graham, author of The Intelligent Investor. In other words, you should focus on safety of principal and reasonable return instead of shiny opportunities (that may not be gold). That's how every owner acts with their company: actual value over time. When you start to think like that, well then:

  There's plenty to choose from

And they all come with different benefits/risks to keep in mind. Today we cover 3 very popular alternatives.

Investment funds

How do they work? When you invest in a fund, your and other investors' money is pooled together. A fund manager then buys, holds, and sells investments on your behalf. All funds are made up of a mix of investments - this is what diversifies or spreads your risk. Benefits: professional management, low risk, diversification, liquidity, economies of scale. Risks: high fee, poor trade execution, tax inefficiency.

Stocks

How do they work? You buy shares of ownership in a public company, those are called company stocks, with a mindset that they will keep growing their value over time. Benefits: High liquidity, but think of it as a long-term investment. Risks: We can't see the future, let alone the state of the market, so it requires monitoring and basic knowledge of the stock market.

Bonds

How do they work? Bonds are typically issued to raise funds for specific projects. In return, the bond issuer promises to pay back the investment, with interest, over a certain period of time. Benefits: Predictable income stream, low risk. Risks: You'll still need to keep constant track of your investment, the buying process can be problematic.

  Cheat sheet

Remember there is no one way to invest your money. On the contrary, it is recommended to diversify your investment. Ask yourself these questions:

  • What are my country's guidelines?

  • What is my final goal?

  • Am I thinking like an owner?

Upcoming Events

Join HUAWEI Developer Competition LATAM 2022 and present your technological skills! Huawei is looking for innovators to help them disrupt the current technology landscape. Interested in winning a top prize of USD 15,000 per team?

Apply here by October 2, 2022 at 23:59 CST.

TOP PICKS

Yay! Prepare for your next interview with Google's interview warm-up. Nay... Apple workers launch petition over company's reported return to office plan. Awww Have a corn-tastic day! The video that broke the internet with cuteness. Wait, what?! Elon Musk subpoenas former Twitter CEO Jack Dorsey.

Technicality

Perspective, they call it. (If you enjoyed this, you'll love us on Instagram!)

TECLA's benefits

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