{ "media_type": "text", "post_content": "Wanna start investing my cash. Need a Financial Advisor? Any suggestion where to start? How much do they charge?", "post_id": "5d144b0b30b77c001b5b407f", "reply_count": 3, "vote_count": 0, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

Wanna start investing my cash. Need a Financial Advisor? Any suggestion where to start? How much do they charge?

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likefunny

How old are you, how much do you have to invest, and what are you goals? For the vast majority of people in this bowl, managing your own investments is probably the best bet, assuming your willing to do some homework and stay on top of things. This will allow you to enjoy the gains of the market without paying management fees. Here’s an example of potential portfolio:
- 401K+Roth: max or company match max ($19K)
-Cash: 6 month emergency saved in a High Yield Savings Account (EG: Marcus by GS, 2.25%)
-HSA: max (~$3K)
Once you’ve got these done, you can look at back-door IRA, zero fee mutual funds/ETFs like vanguard large cap, real estate, or 529 college saving plan. You can also put some money aside to have a little fun betting on individual stocks, weed stocks, crypto, whatever but never want these to be more than 1-2% of portfolio. Lots of options once you get to this point. Best of luck.

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Personal capital is pretty decent, and their cash management tool is great. And honestly I would either use a robo advisor (unless you qualify for hedge funds) or open a Robin Hood account and purchase low fee market ETFs (buffet recommends VOO)

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