I have over 100K in savings. The only thing I’ve contributed to is 401K. I’m early 30s and haven’t made any investment mostly because I have no idea where to start like what platform to use - Robinhood, Wealthplanner, fidelity etc.

I’ve followed this group to understand that I need to have some ETFs, stocks etc. but again so many options and I don’t actually know how to do this.

Can someone explain to me like a 5 year old, stepwise on what I need to do?

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Open a brokerage account in a reputable platform (Vanguard, Schwab, Fidelity) and boglehead three fund portfolio ( https://www.bogleheads.org/wiki/Three-fund_portfolio) you don't need to know a lot to make a return. Once you feel comfortable, you can branch out to other ETFs and individual stocks you believe in.

likesmarthelpful

Do you have a safe emergency fund with 6 months of expenses somewhere safe like a Hysa? Do that first. Do you have any large expenses, like buying a house in the near term? If so that should be kept safe also. Can you contribute to an HSA. So that next if you can. Do you have a Roth IRA? Do that next. Once you have filled your tax advantaged accounts, open a brokerage account. I like fidelity but there are a lot of good options.

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If you want to invest in equity in your brokerage account, I suggest something easy like ITOT or VTI

If you don’t have interest to learn a lot about it, I think the best advice is to get an emergency fund of cash in a savings account that you feel comfortable with, and then set up recurring investments in 3-4 ETF and/or well-managed mutual funds on a weekly or monthly basis and then forget about it and let compound interest do its thing

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I went with TD Ameritrade for my first foray into investments because they have a TON of free educational resources included on the platform. They also just have a nice platform, reasonable fees and it will grow with you.

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I’m in the same boat! Following

What about putting some into government bonds?

Probably not the best time for that if rates are going to go up. Who knows though

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Following!

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