How do I get over my fear of investing? I like to play it safe and having a large sum of cash in my savings account makes me feel secure, but I know this is not the right move for my mid-20s

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For me I gradually increased my risk tolerance from online savings -> HYSA -> CDs -> bonds -> SP500 -> individual stocks. You could also invest gradually starting off with $100 and adding $100 every two weeks until you feel comfortable adding more

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Dollar cost average into it. Also, don't time the market.

Read a few books/podcasts on investing (not trading)... stay away from wall street bets on reddit.

Dollar cost averaging—start small with a little $ per month and gradually ramp up

Read the FT and Economists, learn about what is going on in the world.

Eventually you'll become opinionated on them. Soon you will be so confident in your opinions that you are willing to back them with money. Even if that opinion is that the most efficient option for a retail investor is to chase the market beta at as low a cost as possible.

I keep my 6 mo emergency fund ($40,000) moving from bank to bank to get new account and direct deposit bonuses. Can be as good as 10% to 20% annual return on the money risk free/FSIC insured.

Cash is king. But if you’re in an affordable market considering buying a house and getting roommates - they’ll pay your mortgage and the return is exponential compared to stocks.

While the target dates funds aren’t always the best way to allocate your funds, in your case it could give a way to ease into comfort with investing by choosing something with a target date a decade or more before your retirement date... it’ll be a more conservative mix with less risk, and could be a happy medium for you while you keep educating yourself and build comfort for the long haul.

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