DEMYSTIFYING INVESTING

“How do I calculate my investable assets?”

OK, so here’s a question we get a lot. Your investable assets are the total of your liquid or near-liquid assets, aka assets that can be easily invested. This is different from your net worth, which is the total value of the assets you hold, minus any debt or liabilities.

Your financial institution will want to know what your investable assets are in order to better understand how they can support you and how much you can invest toward your goals.

Your investable assets can include:

Cash, checking accounts, and savings accounts
CDs and money market accounts
Stocks, bonds, and mutual funds
Traditional and Roth IRA accounts, along with 401(k) and 403(b) accounts from previous employers (those managed by your current employer can’t be invested or managed elsewhere and, therefore, do not count toward your investable assets)

Items that don’t get counted toward your investable assets are typically those that aren’t very liquid, like:

Your home and vehicles
Art, jewelry, or collectibles
Equity compensation
Other real estate investment properties

Now that you know how to estimate your investable assets, get support tailored to your financial situation — you can start by booking a complimentary consultation with an Ellevest financial expert.

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“As a daughter of immigrants, I get it. It’s not easy seeing your parents move to the US, adapt to a new culture, and navigate a different financial ecosystem. It’s not easy to move beyond that cash-under-the-mattress mindset we were taught growing up, beyond the idea that we should focus on our household and leave the investing and wealth decisions to our partners. But you are not alone.”

In celebration of Hispanic Heritage Month, we’re proud to highlight Mari Delgado, CFP®, a Latina financial advisor on our all-women Wealth Management team. If you’re looking to invest $500,000 or more, consider connecting with Mari directly.

THE DEAL WITH HIGH CAR INSURANCE

There are things you can do to bring your premiums down (besides the obvious one, which is maintain a safe driving record).

Four tips to consider >

WHAT’S KEEPING INFLATION AFLOAT

Housing costs rose by 5.2% overall in August, up by 0.5% from July. One reason? Data is collected every six months, meaning readings on rent inflation are delayed.

Read the explainer >

See you there

Investing, Part 2: You & Your Portfolio: Curious about how to build a portfolio? Impact investing? Taxes? We’ve got you.
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All About the Benefits of Ellevest: A complimentary 30-minute session on all the perks our clients enjoy.
SEPTEMBER 25 @ 12 PM ET: Join us
Budget How-To: Get help finding a budgeting system that works for your real life in this live, 45-minute workshop.
SEPTEMBER 26 @ 5 PM ET: Sign up

Busy this month? Check out all upcoming workshop dates.

Fall into links to read

😐 GREEDY JOBS: The gender wage gap just widened for the first time in 20 years. Zooming in on the data, the best-paying "greedy" jobs, as Nobel Prize winner Claudia Goldin calls them, are dominated by men.
🎾 THE THREE E’S: Venus Williams (an Ellevest investor, btw) shares her secrets to thriving in her new book: make it easy, make it exciting, make it enjoyable.
🎉 27 YEARS LATER Jenny Abramson was a Stanford sophomore in 1997, surrounded by “a million amazing women,” and didn’t really understand why women founders might need their own dedicated venture capital firm. Today she not only gets it, but just raised another $250 million for Rethink Impact (another Ellevest investor!) — cementing its status as the largest VC firm dedicated to funding women CEOs.
📕 INTERESTED IN INTEREST RATES? What people mean when they talk about “the large rate cut” and how the federal funds rate affects you (and the economy).

This newsletter was brought to you while thinking about the myth of the core friend group. Forward it to your friends who are grounded in reality.

DISCLOSURES

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

All opinions and views expressed by Ellevest are current as of the date of this writing, are for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

Information was obtained from third-party sources, which we believe to be reliable but are not guaranteed for accuracy or completeness.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment, or tax advice.

The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.

Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.

Ellevest, Inc. is a SEC registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Ellevest fees and additional information can be found at www.ellevest.com.

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🫨 Inflation, greedy jobs, and fall events

“How do I calculate my investable assets?”

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