How can I start investing and growing my net worth? I only have about $10K in savings (yes awfully less, due to loans and supporting family) Appreciate any advice.

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I suggest that you set up a brokerage account and contribute a set amount each payche5 into a low-fee S&P index mutual fund. This way it will be forced savings (paying yourself first) that you won't particularly miss. It will accumulate over time, and you will be dollar cost averaging by buying more when equities are low, and less when they are inflated.

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Checkout wealthfront. It's free for first $15000. I just invested 10k

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Thanks! Yes I'd like to save up for a house in the next few years. @kpmg2, I will reach out soon. Thanks!

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paycheck

What you said make sense PwC1, but depends if he might need the money soonish or not. Equities are at an all time high. There is a risk they will downward correct at some point soon - but no one can really say. You should follow the investment closely and liquidate the position if they start heading south.
If you don't need the money for a few years you should be good though

OP, when you say investing, towards what goal are you striving? Is this retirement and you're already maxed on tax-deferred accounts? Are you looking to have money grow in time for a house payment in 3-5 years? What's your risk tolerance? Start with answering all of those questions first for yourself and once you do, the investment vehicle will become much clearer.

Shoot me an email at kpmgfishbowl@gmail.com and I can refer you.

I second wealthfront move. It takes the guess work out of investing and it places it in a well diversified portfolio....I swear by wealthfront. Betterment is a good option as well

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