Should I put my HSA funds in investment?

Sep 1, 2015
2:01:41pm

bluebloodedcoug

My HSA offers the ability to invest my HSA funds in either a managed fund or by self-management (the managed fund is charged .08% monthly in management fees). Good idea or bad idea?

This message has been modified

Originally posted on Sep 1, 2015 at 2:01:41pm

Message modified by bluebloodedcoug on Sep 1, 2015 at 2:13:23pm

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bluebloodedcoug

Bio page: bluebloodedcoug
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Messages

Author

Time

Should I put my HSA funds in investment?

bluebloodedcoug

9/1/15 2:01pm

yes.

smokymountainrain

9/1/15 2:02pm

.8% monthly? Is that annualized at .008/12 or are you really paying 10%/yr?

mulletYno

9/1/15 2:04pm

Yeah that seems crazy high

cheezedawg

9/1/15 2:06pm

oops. typo. .08% monthly.

bluebloodedcoug

9/1/15 2:13pm

Why wouldn't you talk to a financial advisor about this? Why come to CB?

Revolution

9/1/15 2:04pm

Probably for the same reason people come here for car help instead of a mechanic

supertux

9/1/15 2:07pm

And because we're not talking huge dollars here

bluebloodedcoug

9/1/15 2:12pm

Car mechanics are a lot different than an investment account.

Revolution

9/1/15 2:25pm

Everyone should get a trustworthy financial advisor, mechanic, computer support

supertux

9/1/15 2:27pm

Well, I think this conversation isn't going to proceed past this juncture.

Revolution

9/1/15 2:47pm

The problem with what you're proposing is that it isn't worth it

bluebloodedcoug

9/1/15 2:55pm

You mean for the high probability that you will get 30 funny gifs in response?

Coach's Dad

9/1/15 3:07pm

RE: You mean for the high probability that you will get 30 funny gifs in

cheezedawg

9/1/15 3:14pm

I know there are several financial advisors on the board.

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