Should young professionals invest more this year?

IBM
exvW68

Go to company page IBM

exvW68
Jan 5 15 Comments

I’m lost in the personal finance world. I fucked around in robinhood since college but started using Goldman Sachs auto-adviser when I became an “adult” lol. Crash will happen this year. I’m wondering if I should be ballsy and just buy a bunch of index funds when rates rise.

I accept all suggestions, recommendations, and debauchery.

My profile: No kids. Modest lifestyle + Whole Foods. Daddy pays for car and insurance. No student debt. Doing school part-time. Mortgage is 1.8k

Yoe: 2
Tc: 157k

Edit: I’ve been DCAing my current investments.

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 TOP 15 Comments
  • IMO young people should stop investing and start spending more. Investing is just gambling with no guarantees for results. I stopped doing any kind of DCA as a new years resolution and started spending more on my self and I couldn't be happier. Investing is thief of joy, a propaganda for rich to get richer.
    Jan 6 5
    • Amazon
      ajebdv

      Go to company page Amazon

      ajebdv
      Your perspective of on how people sometimes overinvest and end up not spending anything they save is valid. But you're really just writing off the whole financial strategy to criticize the rich. You're taking the "past performance is no guarantee of future returns" spiel to the extreme for your political objectives.
      Jan 6
    • VMware
      r@tr@ce

      Go to company page VMware

      r@tr@ce
      Agree to some extent but investing is literally the only way to retain any buying power in the future unless you plan to work till you drop
      Jan 6
  • Imo, if you're not a high net worth individual, the formula is simple enough that you don't need a financial advisor
    Jan 5 5
  • Amazon
    ajebdv

    Go to company page Amazon

    ajebdv
    Time in market > timing the market. If you're afraid, just dollar cost average it.

    People have been predicting a crash every year since 2013 and the only time it came was for a couple months in 2020 for reasons completely unrelated to the financial system. The risk of missing out on gains is slower but far greater than the risk of dollar cost averaging in good times and bad times, neither of which you can really predict.
    Jan 5 0
  • Apple
    581321

    Go to company page Apple

    581321
    Just buy bitcoin bruh
    Jan 6 0
  • Amazon
    nJfA74

    Go to company page Amazon

    nJfA74
    High risk high reward but if you are single and no kids/responsibility it’s definitely worth the risk
    Jan 5 0