Din’t get selected for H1B this year. I am on OPT (on F1 visa) and wanted to invest however small my bank balance is. I was thinking of opening a High Yield Savings account for emergency fund (~20-30k) but all major banks are not letting me open a savings account on OPT (you need to tick a button at the end saying that you are a US citizen or a other US person). I do not pass the substantial living test (5 year test). I do not know how to read financial balance sheets and all so I am a bit hesitant on investing in stocks till I learn about it and hence missed the DIP. I do not invest in 401k or roth because I do not know if I would get an H1B or not (but I will apply for STEM extension) and my matching period is 3.5 years. My question to fellow blinders - how do you invest if you are on OPT? Can we open CD’s or buy bonds? How did you learn to invest in Stocks? Do you invest in 401k and roth? Aren’t you scared if you will be in the US when you are 60 old? What about maintaining a US phone number/bank account for 40ish years if you leave. Did you buy land on OPT? How else do you invest? TC: 129+27+peanut stock Yoe: 1.5 + Masters (feel like a loser already) #f1 #opt #h1b #investment #investments #software #money #stocks #bankersfinancial #savings
I think you can do 401k. I am on opt and add funds to 401k. Based on what I think even if you are out of US, you can claim your 401k when you are at 60.5 yrs. Correct me if I am wrong. Apart from that I invest in stocks. Did not get the dip
nope. missed the dip. which stocks did you invest in? Everyone is recommending me that it would be a pain to take out the 401k if I am not in the US
I have been using Marcus by Goldman Sachs for HYSA since I was an F1 student and now on OPT.
i am pretty sure their rules say you need to be a US citizen or an other US person? Did you do bachelor’s? if yes maybe you pass 5 year resident teat
I started last year in December and I hadn't been in the US at that time for more than 3 years so I don't think you need to be US citizen for HYSA
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Just open a brokerage account at TD Ameritrade and you could invest in stocks or CD. You need a copy of valid visa when opening the account though.
Already have a robinhood account with like $5 in it. Can’t we open CD with banks? Thanks for the recommendation though