{ "media_type": "text", "post_content": "I have over 100k in savings and I'm not knowledgeable about investments. I am also risk averse and have been trying to build an appetite.\n\nSingle, high 20s, not looking to use the cash in the near future esp with this inflated real estate market. \n\nWhat tips would you give to a new beginner?", "post_id": "60b2ec4a1d6c9500201ba25a", "reply_count": 10, "vote_count": 2, "bowl_id": "5b3f7377ab53db00136f7b4c", "bowl_name": "FIRE Financial Independence Retire Early", "feed_type": "bowl" }
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I have over 100k in savings and I'm not knowledgeable about investments. I am also risk averse and have been trying to build an appetite.

Single, high 20s, not looking to use the cash in the near future esp with this inflated real estate market.

What tips would you give to a new beginner?

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Go to bogleheads.org. Read the intro and go with 3 of their key ETFs and you’ll be golden.

likesmarthelpful

Yeah

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Read the book A Simple Path to Wealth, invest in index funds/ETFs. VTSAX and VBTLX are the go-to’s. But seriously read that book

likesmarthelpful

Would also recommend the book I will teach you to be rich

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Flip your perspective of risk. By not being invested, you have realized the risk of having that money in a low yield savings account (I’m assuming) instead of in the stock market where you would have had significant returns. Pick a few low cost indexes and stick to a plan to continue investing.

If you have a low appetite for risk and would hesitate when things are volatile, you may want to pick mutual funds since they are easier to set and forget with automatic contributions. That way you will continue to buy no matter what the market conditions are.

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Also don’t feel bad. I started immediately with my 401k and a Roth IRA but it took me some time to realize there was a lot more to retirement planning than those two accounts. We don’t do a lot of financial literacy so a lot of people take some time to figure it out. You are in your 20s. That’s still really early to start serious saving and still early enough to FIRE.

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Easily go onto TreasuryDirect and get an i-bond. You can only invest a max of 10k electronically per year and 5k via paper deposit, but it is something like 3.5+% and accrues over a year and is anti-inflationary. Pretty much no risk other than can’t touch it for at least 15 months

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