Hi everyone. I’m just starting my career now. Want to start saving/investing money. Is it worth it putting some in a 1.7% APR high yield savings acct? Considering inflation I will probably lose money in long run. Also, I don’t know ANYTHING about investing. Should I invest in mutual, index funds, stocks... and how? I can look my investments maybe 1-2 a month but definitely not daily. Lastly, can’t use Robinhood app because of work. Any help, tip or guidance will be truly appreciated. Thank you!

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Lots to unpack here so will need a bit more info.

- do you have an emergency fund?
- are you funding any retirement accounts?
- any big purchases coming up?

Check out the Personal Investment Bowl as you will find more relevant topics around investing and savings.

Also, most brokers provide free trades these days so I wouldn’t worry about RH, although it would be great if they were part of the BDIP.

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Agree with those above. Simply put, first, save 6 months of expenses (you can put this in that 1.7% high yield savings account). After this is complete, fund employer retirement accounts. Once this is maxed out, look into investment accounts (Ally Invest, TD, etc.). Don’t let lack of knowledge be a barrier, as you can always buy ETFs that track the entire stock exchange (e.g. QQQ, DIA, VOO). I personally wish that I had started investing way earlier.

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