Hey! I’m new to US and would like to start investing some of my cash. What I did so far: maxes out 401k/Roth Ira/got around 6 month spendings in Ally saving. What’s the best to invest to start with? Buy some mutual fund in Fidelity, that follows sp500 + some FAANG stocks through Robinhood?
All in on BTC
Mega backdoor Roth if you’re at FB
Mutual fund that follows sp500: YES Cheap thrills like robinhood: NO
Not even when the thrill is very cheap?
Do you invest in ESPP?
Do after tax Roth
Take FD with ally
Max out 401k. Any extra cash you can save, put in VTSAX. Over the long term, you'll beat 95% of the strategies people will tell you.
Thanks for the advice! Why VTSAX? Can I buy something similar in fidelity or it’a better to get a vanguard(I think you need to pay a commission if you buy it in Fidelity). What about individual stocks? Should I put small portion into it?
You can buy VSTAX in a Fidelity account. Unless you have insider information, it's not a good idea to invest in individual stocks. And if you do have insider information, watch out for the FBI busting down your front door at 4am.