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Under the Savings tab, how do I add a Stock accoun...
# right-capital
q
Under the Savings tab, how do I add a Stock account, so it should also factor the compound interest?
m
Is it a current account or you mean a future contribute to a brokerage?
q
future contribute to a brokerage
m
One of the account types you can create is going to be called something like taxable or brokerage. I forget which one off the top of my head
q
Taxable, I don't see any variables I can set there, eg assumed interest gains, etc.
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m
Taxable brokerages don't have any interest. Your investment allocation is a separate process that is managed elsewhere if that is what you're referring to.
q
I'm not sure I understood. Where would I put a brokerage account where I will be saving/investing for future goals, e.g., Weddings?
m
Exactly as you have above
q
How do I add on the future average gains?
factoring in compound interest
m
There is no interest for brokerage accounts. But assuming you are talking about gains, it is automatically factoring that in according to your asset allocation
You don't need to specify it per account.
The link above explains asset allocation and how that works.
q
Besides adding savings in the Savings tabs, Ido also need to add the same ones as Investments?
m
There is no investments tab. Do you mean under net worth for current investments?
q
Correct
m
Current investments go under net worth. Future investments go under savings tab.
q
k, I'm officially lost now... Is there a newbie RightCapital guide anywhere?
m
Have you watched my video on it? I have my video and a lot more right capital resources all listed here https://frum.finance/start/
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