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Women In Consulting

Anyone manage their own investments? How did you get started? All my money is either in a savings account or 401K and I feel like I should be doing more. But the investment world seems so intimidating, I have no idea where to start and how to ensure compliance with the firm

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I read the "Little Book of Common Sense Investing" by John C. Bogle. Set up automated monthly deposits into Roth IRA/401K which I then use to purchase index funds. Opened a normal brokerage account and have automatic transactions set up to buy more index funds biweekly. Outside of that I use Robinhood with a significantly smaller amount of money if I want to pick individual stocks for fun.

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This is the most passive way to invest in the stock market btw. I do not wish to add emotional stress to my life through investing so this works best for me.

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I consider myself a beginner too and I just stick it all in mutual funds! It’s not managed by me so no independence issues. There’s lots of research you can do for mutual funds too, but I mostly put it all in the S&P 500 index fund, and also a few other industry-specific ones.

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I do the above - I max out 401k and Roth and I also pick individual stocks. But I also got very interested in investing additional money on my own i.e picking stocks. I do not recommend this approach unless you really enjoy reading about companies and strategies and spending a lot of time on this. It’s a hobby for me, I listen to CNBC on a regular basis, read WSJ, seeking alpha and motley fool. When it’s earnings season, I read the 10-k and read the transcripts. If it’s not something you would enjoy doing, this I would stick to the ETF mutual fund strategy.

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Yes, it’s a part time job but I enjoy it. I’m also mainly in the research stage, once you know a company / industry in and out, you don’t have to spend as much time doing research. Your time is really devoted to just reading the paper and focusing on the quarterly reports.

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