Hey everybody,
I’ve played around with some investment accounts(Robinhood/acorns) and accumulated a total of like 20k. 17k invested with 3k profit since February. I know it’s not a ton, but I’m pretty early career
I don’t really know what I’m doing and have mostly just bought tech stocks. It’s getting to an amount of money where I’m not really comfortable buying random stocks anymore.
Is this enough to start approaching a financial advisor to help me invest it? Or what should I do to study up and invest it myself? I know this is a bit open ended, help appreciated. I have like 50k in savings and am building it up pretty quickly (wife makes like 45k working 20 hours a week). Also considering investing in rental properties, but would like to keep that money separate from the stonks money
TC: 140k in Detroit
YOE: 2.5
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comments
A lot of people here are going to give you advice to bet on some hot tech stock or the other, but they're only looking at a short time horizon and vulnerable to survivorship bias.
My suggestion would be to invest for the long term, and pick diversified, low-cost index funds. Statistically, you will not beat the market, so don't try: buy the market instead.
https://share.titanvest.com/QwflDbR3hbb
Or even a few chumps on Blind... 😉
> As mention above, still a lot better fee structure than other robo advisors/funds.
I disagree. 1% is much worse than 0.03%.