1533: Ask Farnoosh: High Yield Savings FOMO, Paying for Home Upgrades (Worth It?), Over-investing in Stocks
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 30 June 2023
⏱️ 25 minutes
🧾️ Download transcript
Summary
This week on Ask Farnoosh: Should you switch banks if you're only earning 2% on your savings account? When does it make sense to invest in home upgrades? Should a listener sell her house now or later? And what's the rule of thumb for asset allocation in your retirement portfolio? Is investing in 95% stocks too high?
Sign up for Farnoosh's newsletter
Pre-order A Healthy State of Panic and immediately access her Scared Smart video and workbook lesson plan.
Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open!
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | So money episode 1533, ask Farnoosh. |
| 0:31.0 | Welcome back to So Money Everybody. |
| 0:33.0 | It's Friday, June 30th, 2023. |
| 0:35.0 | I'm your host, Farnoosh Sharabi. |
| 0:37.0 | Friday is Ask Farnoosh. |
| 0:39.0 | Our chance to answer listener questions about money. |
| 0:42.0 | And today we have questions about whether or not to invest in home repairs. |
| 0:47.0 | A couple of audience members want to know more about this, especially because |
| 0:51.0 | they do not want to hold on to these homes. |
| 0:54.0 | They have plans to sell the homes in the next few years. |
| 0:59.0 | And so when does it make sense to invest in a home repair or upkeep |
| 1:03.0 | when you're just trying to offload it in the near term? |
| 1:06.0 | Another audience members experiencing some financial FOMO, specifically around |
| 1:11.0 | high yield savings accounts. |
| 1:13.0 | She says, my account's only earning 2%, and I'm looking out in the market |
| 1:18.0 | and seeing these 4% and 5% offerings and feeling like I'm not doing my money justice. |
| 1:22.0 | What do I think about that? |
| 1:24.0 | Oh, I have some opinions. |
| 1:25.0 | And also, what do I think about a retiree who has a 95% of his investment portfolio |
| 1:31.0 | in the stock market? |
| 1:33.0 | Before we help out our listeners, let's talk about something really exciting on the |
| 1:37.0 | book front. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Farnoosh Torabi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Farnoosh Torabi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.