I am interested in starting to put my saving into an investment account and was wondering if people have any recommendations for some 1 or 2 year holding stocks or etfs. I am new to investing so would appreciate any advice, reputable places to learn more, etc!

like
Posting as :
works at
You are currently posting as works at

Invest in what you know. Do not expect to become rich over night. And at such a young age, do not be afraid to take some risk

like

Low cost ETFs in tax advantaged retirement accounts. The S&P 500 outperforms 90% of funds that claim to be better and charge you more. You can buy individual stocks if you want, but make sure to diversify and candidly put most of your money in S&P 500 etf (like SPY).

Order of operations (financial Pemdas)
0.) Establish 3 month emergency fund (savings account, preferably a high yield one with current interest rates)
1.) Max our employer 401k match
2.) Max out Roth IRA (you can always take what you put in, only the gains have to stay in) - $6,500
3. Max out HSA (healthcare savings account if you have a high-deductible plan - $3600 total, employer usually covers ~$1000 of it)
4.) Max out the rest of your 401k contributions ($22,500 total)
5.) Congrats! knocking out the prior steps sets you up for success. This is where you can open a brokerage to invest extra cash

Additional note, if you have some surplus cash definitely look into Kiva! It’s a non-profit that facilitates micro-loans to developing nations. You don’t earn any interest so it is not gonna make you money. But it allows money that would be sitting in your savings to be used by budding entrepreneurs across the world. I put $100 per month and have built up a couple grand that is helping farmers invest in helping their communities

like

A half decent promo (as far as they go for stocks and shares ISAs) is Trading 212's 1% cashback on all deposits made up to £20k in the new tax year

like

For the first decade or so, a majority of growth in your account value will be coming from your own contributions rather than their returns. Don't get discouraged! Keep up the healthy habits and before you know it compound interest will be working harder than you are.

Take advantage of any tax advantaged accounts whenever possible, depending on your lifestyle - ESPPs/ESOPs, 529s, HSAs, IRAs, etc.

like

As far as individual stocks to hold, VOO or SPY are good places to start looking - S&P 500 index funds

like

Recommend the personal investment chatter bowl for this as well, tons of great info and people willing to help

like

Put you money in 401K till the extent your employer makes a match. Then in ROTH IRA for any addl saving. Buy stocks or etfs or one of the prefix investment portfolios. This is all your discretion.
One more investment avenue is rental property, put some down payment, make upgrades and rent it out. The goal is the monthly installments shouldn’t be heavy on your pocket.

like

Index funds - VTSAX. Is my favorite

Above recommendations make sense, but I would just flag that if there's really a possibility you need the money in the next handful of years (<5 min), that money should only go into a high yield savings acct / money market fund / treasuries ETF; equities are not the place to park your rainy day fund or down payment savings

Related Posts

I’m originally from Brazil and most of my investments are allocated there.

Brazilian fixed income products are paying 13.25% returns and I’m wondering if it’s a good idea to secure this return in Brazil or if now it’s a good time to build a portfolio with US equities?

(90% of my money is on my Brazilian portfolio)

like
like

Who day trades / swing trades with another job? Any tips?

In particular wondering if it’s a sustainable side income or just for fun, and what are you trading (stocks, crypto, forex, futures, etc.)?

like

I've been allocating 100% of my Roth IRA funds to Vanguards target retirement fund 20XX. Should I keep doing this or do I need to start getting into VTI/VOO/VTSAX as everyone in this bowl is so fond of?

like

Okay guys give me a list of things to lower my taxable income. Make yearly with wife 200k.

like

anyone gonna buy any calls before market close?

like

How do I legally gets my hands on $100k that my future wife wishes to hand me over for investment purposes (she is outside the US). We won’t be marrying for another two years. Thank you!!

likefunny

Let’s share with each other how we are making or planning on making that income .
It is a strange time we live in but it’s time to hustle up .

like

Anyone having experience with opening a brokerage account for an organization (single member llc ideally)? I have a question regarding the set up.

like

Hi y’all! I’m a financial educator and my job is to help families in need of financial education! I help anyone on learning how money works here in the US & how to get rid of debt! I offer financial products that help you protect and grow your money. I’d love to help you out in reaching your personal financial needs!
I’m also always looking for people to hire!

like
like

Recommendations for tax filing in Chicago downtown?

like

1/3 Question on tax treatment of nonpriority unsecured claims converted into long-term note decreased total liabilities under Chapter 11. An accrual based C-Corp taxpayer completed a Chapter 11 reorganization and converted a total of $1M A/P to suppliers into a $410K LT note (a $590K liability reduction). Should we view this $590K as the Sec. 108(a)(1)(A) excludable income? After reading through IRS Pub 4681, I think it makes sense to view the $590 as "Reduced Price After Purchase", but not

like

Currently 25 years old.
Goals:
* Own a home in a HCOL
* 2 kids (eventually)
* Retire at 50 on $125k/year.

Envelope math:
* $125k/year would require an investment portfolio of ~$3M.
* Targeting a $2M home (split with partner)
* 2 kids - $1M to raise both (including college fund, split with partner)
* $500K buffer for unexpected expenses
* 33% tax

Therefore, 6.5-7M retirement savings needed. To hit this (assuming 6% return after inflation), I’d need to save ~$110k/year.

How does this sound?

like

Has anybody invested on affordable housing in Gurgaon, India? Or got any insight for a first time investor.

like

Any thoughts on PIC? The stock rose significantly in after hours on news of XL fleet merger. Does it still make sense to invest in it at ~$18?

like

Hi, Planning to invest 15K in Mutual fund every month

Can you guys please suggest me?

years=15

Canara Robeco Small Cap Fund Direct Growth = 5k

Quant Mid Cap Fund Growth Option Direct Plan =5k

Quant Tax Plan Growth Option Direct Plan=5k

Moving to Boston next month and looking to get a six month lease to get on the September 1st cycle - is there any way for me to avoid a broker fee?

like

Hey Folks ,

Can you help me understand the PF deductions in Coforge CTC, Is it just the employers contribution ? And employees share will be deducted from Gross Monthly Salary?
Also about LTA , Can i opt out of it and get it as taxable amount?

Thanks in Advance 🙂

like

More Posts

Hi HSBC sharks, my CCTC is 17.4LPA (Fixed). I have been offered a position at HSBC for Senior Analyst position. They are not offering a single rupee more than 30% i.e., 22.6LPA. What can I do to ask for more? Or it is their maximum at this position? Please help

like

I’m scared I’ll end up being alone. I’ve truly enjoyed being single all this time but as time passes by, I keep thinking to myself that something must be wrong with me that I’m not in a relationship. I also don’t feel confident being on dating apps since I gained weight during the pandemic (about 30 lbs). I’m holding off on dating until I get into better shape but I’ll be 27 by then and I feel like I’ll be too old to put myself out there.

like

Are there any other master planned communities in Austin like Mueller? Moved here recently and would love to live there, but the prices seem a little out of reach. Love that it’s dense, lots of walkability, mixed retail use, and lots of parks.

What types of questions/polls/posts do you want to see/discuss?

like
like

Hiii Fishies, can you please help me?

Poll: single / dating / partnered..? The stresses of the traveling consultant lifestyle and the fickleness of the gay male have made it nearly impossible to date consistently. Do y'all agree?

like

I am in a long distance relationship with someone who is currently in B school. He spends pretty much all his breaks and holidays traveling with his classmates. Most of the time I am fine. But for some important holidays and my birthday, I told him we should spend time together. He just said it’s more important for him to bond with his classmates and ignore my ask. It’s really disappointing and I don’t know what else to tell him. Is that a reasonable ask or am I being dramatic?

like

Hi Fishies,

How much can i demand for having 3.5 Yr in Java, Springboot, Microservices knowledge. Current ctc is 11 LPA.

like
like

What is the best way to study for a PHR?

Where could I go to request a national union to bring a representative to my SD, anonymously?

like
like

How to overcome a breakup. I'm heartbroken 😭

like

So, a recruiter sent me a HackerRank assessment and I went to complete it and it was so easy? Is this a red flag or a shit test or something? Like there was a number sequence: “1234567”, and it corresponded to a word: “Surgeon”. Then it was the word: “Snore”, which corresponded to “36425”. and then I had to figure out the number that corresponded to: “Rogue”. It just seemed too easy, why even have it besides creating another barrier to a possible offer? Should I tread carefully here?

like

In BNP Paribas CIB what all benefits we hav as employee

For those working in house, how much “from scratch” document drafting are you doing vs. reviewing and revising “outside documents”. For example, if your company wants to enter into a joint venture company with another entity, are you drafting the company agreement “from scratch” or is it based on internal forms? Or are you getting outside counsel to do it?

like

Getting ready to study for the CAMS exam. Do I need anything extra besides just studying the study guide and practice exam over and over. I’ve read online about people using AML assassin; is it worth it?

like

Any insight into EY’s IFCS practice? Thinking of applying to their open staff role from another firm, I’d be transferring out of audit.

like

Any companies hiring for Forensic Accounting (Investigations, Litigations, AML, etc.) I have both my CPA and CFE.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal