How to invest $50k?

Amazon / Eng
onlin

Go to company page Amazon Eng

BIO
Just another desperate intern
onlin
Jan 14 18 Comments

I have about $50k BEFORE TAX money (sign-on) that I wish to invest.
A complete newbie. Just to give you an idea of my knowledge, or lack thereof; I studied 401k last night.
Looking for helpful tips as to invest.
Looking for both long term and short term(5 years).
Please advise.

Edit: how do I access my existing 401k account?

TC: 230K
YOE < 1
Age: 26

#faang #facebook #meta
#google #pip #amazon
#finance #money #investment

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TOP 18 Comments
  • R1 RCM
    Live!

    Go to company page R1 RCM

    PRE
    Amazon
    Live!
    Buy a nice gift for your manager so he doesn't PIP you.
    Jan 14 3
    • Amazon / Eng
      onlin

      Go to company page Amazon Eng

      BIO
      Just another desperate intern
      onlin
      OP
      Exactly ... Not joining Amazon
      Jan 14
    • R1 RCM
      Live!

      Go to company page R1 RCM

      PRE
      Amazon
      Live!
      That is actually a pretty great "investment" advice, but fair enough. Here it goes.

      I have been doing this for a while. First thing you need to do is open an account with a brokerage firm. There are several (Charles Schwab, Fidelity, Ameritrade, Robinhood etc.). All of them have to follow the rules and regulations set by FINRA, so I wouldn't worry about which one is safe and which one isn't.

      Once you have your account open, you would need to connect it to your bank and then transfer funds over.

      Then you either pick index funds (most people will give you that advice), or individual stocks (this is what I do), or bonds etc.

      If you want to pick individual stocks, then my sincere advice would be to stick to solid companies that are showing rapid growth and innovation. The companies that you can see doing the same years down the road. This is how I picked AMD six years ago, and TSLA few years after that.

      Do not try to trade, because most traders lose money. Pick good companies for the long haul, you will be way better off that way.

      If you have any follow up questions, feel free to message me.
      Jan 14
  • I wish I asked this when I got my first sign on. I splurged it on real estate which hasn’t appreciated much.

    Would recommend so a 50-50/60-40 split between crypto and blue chip stocks.

    Stocks: salesforce, Epam are at a steal. Or as others mention VOO too
    Jan 14 3
  • eBay
    h72aj8eq

    Go to company page eBay

    h72aj8eq
    All in $VOO and maybe invest on individual stocks once you get comfortable and learn everything
    Jan 14 3
  • Amazon
    vastappan

    Go to company page Amazon

    vastappan
    19% in Crypto(ETH,ADA, Algorand), 1% in Crypto(new coins like Alchemy Pay, DappRadar), 50% VOO/SPY, 10% other ETF like FNCL,FHCL,XSD, 15% individual stocks, 5% WSB yolo like GME

    Note this is not investment/finance advise. Do your own research before any kind of investment.
    Jan 14 1
  • Google
    BPRp21

    Go to company page Google

    BPRp21
    I started my investment (and savings) journey at your age. Putting money into 401k with a default target retirement fund has been the best and safest investment I've ever made.

    I would suggest start with something simple like 401k pretax, forget about it for a decade and use your paycheck $$ to diversify into the latest crypto/wsb fads.
    Jan 14 1