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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
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
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
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.
As far as individual stocks to hold, VOO or SPY are good places to start looking - S&P 500 index funds
Recommend the personal investment chatter bowl for this as well, tons of great info and people willing to help
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.
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