Money

Investment in early 20s

Blue Cross Blue Shield Stoc
Feb 10

I have a full time job and want to start INVESTING. What are my options?

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  • Microsoft ok47
    A good option is to have good options trading strategies. It's low risk and can generate additional consistent monthly income for you.
    Feb 101
    • Microsoft It’s🌞inCA
      Not sure I’d recommend options for beginners. After a few years of stock trading maybe.
      Feb 10
  • Amazon / Otheramzngap
    Since you are in your early 20s, take more risk. Subscribe to motley fool and buy their stock picks every month
    Feb 104
    • Blue Cross Blue Shield Stoc
      OP
      How reliable are those guys
      Feb 10
    • Amazon / Otheramzngap
      Their stock picks have consistently outperformed the s&p over the 10 to 15 year period, which included one big recession. I've been buying their recommendation for 2 years now and saw about 40%gains on their recommendation in spite of the recent downturn. They maintain a score card of every historical recommendation and how its performed, inspires confidence.
      Feb 10
    • Paychex cout
      @amzngap, how long you’ve been using them? Is it worth it in your opinion? I’m planning to use Robinhood to buy their advice. To you have other suggestions?
      Feb 10
    • Amazon / Otheramzngap
      Using them for 2 years now. I think their best reco for me so far has been paycom, the stock nearly tripled in value after their recommendation a year ago. They recommended Netflix and tesla in 2006 and 2010 respectively even before anyone even heard of thesecompanies, and they have a strong track record as such. Maximize you 401k, it accumulates even before you realise.
      5d
  • Oracle / R&DlHEA77
    Feb 100
  • Pinger / Engcreate💻
    Look into 3-fund portfolios
    Feb 100
  • Look into passive funds that invest in broader market like S&P. Vanguard and Fidelity have these with low expense ratios and that closely track the market.
    Feb 104
    • Blue Cross Blue Shield Stoc
      OP
      Can you name some funds
      Feb 10
    • New <>! =
      FZROX (fidelidy 0 expense ratio), VTSAX (vanguard equiv, very low expense ratio)
      Feb 10
    • Microsoft It’s🌞inCA
      VOO
      Feb 10
    • Microsoft expert123
      These index fund are all down in 2018. You gotta buy some put options to hedge the loss.
      Feb 10
  • LinkedIn harveyswe
    Very carefully read everything here: www.firetobiz.com/investing-basics
    7d0

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