300k in a savings account?
I've been a Bezos slave for many years and have about 300k sitting in a savings account. I know I should do something more productive with it but the 80 hour weeks and constant pages sap my energy to invest. So looking for something simple. What should I do? VOO? Edit: Age: 30. No wife or kids. Rent apartment.
What is qqq ?
what is www.google.com
if you’re 9, do TQQQ for a mil’s worth of leverage
You should be investing it , no idea how you guys get even hired in faang , just leetcode geeks but have zero knowledge of finance. Inflation has been eating at your savings account , peak stupidity here Exact type of wage drone leadership wants, congrats! Keep grinding until 70 and have your money evaporate
VTSAX and chill
I was at your situation (with far less money though, less than 100k). I started with a mix of VGT, MGK and VOO. Never looked back. Set up an account with automatic transfer of 5-10k per month. It’ll take care of your hesitancy.
Which brokerage do you use for automatic monthly investments?
@netflix, Vanguard, https://investor.vanguard.com/
A few hours of research, watching YouTube videos will get you farther than you'd think. Make your own decisions; start small and see how it plays out for you. This is not a time to FOMO away savings due to inexperience
Voo and chill
put it all in titan https://titan.com let someone else manage your money for you
Heard a lot about this app..Can you share your experience using the app if you are a customer,it would be helpful.Thanks!
i really love how hands-off it is. the design is immaculate and they're getting heavily funded lately. performance has been incredible too (they beat some really large funds). i kind of just set recurring deposits and let them do their manage! i don't have time to manage my investments, their performance is good, app looks good, i feel really safe with them
Have you guys used Robo advisor to allocate/ decide funds?? Is it helpful or just invest in funds based on personal risk appetite/preferences/goals??
Im using wealthfront, but honestly you can just take the money and put it into a bucket of other stocks. Wealthfront has a 0.25% AUM fee, paid monthly..I had started coz I got a referral and the first $5k would be managed for free.
Wealthfront is best used only for it's direct indexing. For getting started just use M1 Finance which has no fee. Wealthfront fee is not worth it unless it's to use the direct indexing
If you are young, do qqq + voo + arkk
This !
Not Arkk please!