Starting to invest -- help.

Uber
svcphr

Go to company page Uber

svcphr
May 4, 2017 9 Comments

How do you invest your money, especially in the early days when it's not a huge amount?

I'm 24 and just finished paying off student loans (yussss) so can finally start putting aside substantial money. Any tips?

I do have a 401k with fidelity and have been contributing 5% (Uber doesn't match). I also have some tucked away in Robinhood. I should have about $3k cash a month post expenses to save.

Thoughts on Betterment and Wealthfront? Is now a bad time to invest in stocks, even index ones? What's a good way to hedge against Trump destroying the economy? (Gold, I guess, ironically enough)

comments

Want to comment? LOG IN or SIGN UP
TOP 9 Comments
  • Google / Eng
    GanguBai

    Go to company page Google Eng

    GanguBai
    insurance and 401k. saves tax
    May 4, 2017 0
  • Google
    BIGY62

    Go to company page Google

    BIGY62
    Betterment has a couple cool features like tax loss harvesting. I wouldn't worry about timing the market. You're investing for decades down the line so yearly peaks and dips don't matter. Also no gold. You cant take advantage of compound interest with a commodity
    May 4, 2017 0
  • Google
    besaid

    Go to company page Google

    besaid
    do the Roth 401k Backdoor
    May 4, 2017 0
  • try Schwab iq portfolios. I'm up over 12% and it's free. I drop in $1k/mo automatically and payoff has been good so far
    May 4, 2017 2
    • The powers of marketing. It's not truly free. They force you into cash and keep the spread , along with lending against your money, increasing their revenue. And their preference is tonplace you in Schwab funds, to collect the expense ratios.

      I understand this will sound biased at first glance, it's not. Schwab has a great platform, just want to clarify that while they aren't collecting a management fee in the traditional sense, it's not free.
      May 4, 2017
    • It is free in the sense that you are paying through etf fees and not directly like wealthfront or betterment who also charges for etfs. Also increase the risk to reduce cash.
      May 4, 2017
  • Amazon / Eng
    jeffbezsos

    Go to company page Amazon Eng

    jeffbezsos
    I think you should start by reading the book "rich dad poor dad". You first need to understand about wealth, it took a lot time for me to understand the same as i am from a middle class working family. I am slowly moving towards more towards sustainable investments rather than riding the wild dreams of investments.
    May 4, 2017 1
    • Uber
      svcphr

      Go to company page Uber

      svcphr
      OP
      Sounds like a good read. I'm also from a middle class working family so wealth is a bit of a new thing for me hahah
      May 4, 2017