Any advice for someone just starting their career on how/where to start investing other than typical 401k/stocks?

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The reason most invest in 401k stocks is because the pricing is efficient and you can participate as a passive owner in companies around the world. If you want to do something different you’re going to have to do some homework.

Real estate, franchises, a buddy’s business, private equity, limited partnerships, etc. require you to know what you’re getting into and be able to make a good judgment on whether the price is fair relative to the expected return.

If you are very risk averse, you could start with a CD. It is essentially a higher rate savings account that is less liquid. Check you bank for rates or special deals on first time certificate purchases

A1: good point. With yields so low I forgot about fixed income investments.

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