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Coach
Max out an IRA and a 401(k) first. Then dollar-cost average into indices like the S&P 500 and the Russel 2000.
Go to the casino, bet an entire paycheck on roulette. After winning, let it ride. Repeat.
Jokes aside, I agree with the above. HSA, 401(k), Backdoor Roth. Go to BigLawInvestor and you can learn a lot.
Also get an HSA and max that out. Select 80% general broad market index fund, and the rest in bond index fund for all accounts. Even putting everything in a target date retirement fund will be better than most.
After making out all tax advantages accounts, start investing in your brokerage account.
After that, I don’t know. Taking advice. Real estate (I guess)?
Subject Expert
Start with an emergency fund. At least 6 months total expenses. A CD ladder is good for that. Then max out 401k. Once those priorities are tackled, put additional funds into portfolio of ETFs or index funds. 80% stocks. 20% bonds. Invest every month and don’t pay attention to markets. Just pile the money away. And live way below your means.
Yes to all the above. While a Roth taps out at 6k/yr, it is a beautiful thing. Find a trusted financial advisor if you’re really not wanting to deal with too much responsibility. Others may not agree, but I’m happy to have him take 1% to save my time. Mine has been great at setting debt-free dates, investing for short term (down payment on house), and long term (Roth/misc brokerage accts).. Additional upsides - amazing life insurance policies and extended leave insurance (babies).