Saved 50k over the past three years after paying off my student loan debt. Need investment advice.
With the market bleeding all round, I am hoping I can get into the market at some point. I'm not asking what the right point is - because that'd be thing the market.
I'm asking for recommendations on what sort of stocks (or other investment vehicles) I can look into, especially beyond tech stocks. And how about some of these institutions like Vanguard or Wealthfront? Are they worth giving my money to?
If you have some investment strategies or vehicles that you can recommend, that'd be great. If you like, do put in a reason for your recommendation.
I'm not super conservative but at this stage I'd not want to be too risky either. So risk tolerance - moderate. And I would like to work towards buying a home at some point so I'd hope to get some returns in next 2-3 years.
Also, I do understand some or all of you may not be certified or professional investment advisors.
Thank you.
TC: ~160k
#assets #investments #401k #stock #bonds #crypto
comments
Some rules of thumb.
Diversify (a.k.a. avoid individual stocks)
Avoid accumulating your employer's stock.
Beware of stock "tips" being masqueraded as investment advice.
Or bonds (more risky than cash)
Wait for some coronavirus certainty before going to the roulette table.
OP, you write like you are Data from Star Trek, comes of sounding not too humble, just feedback. How many crashes have you been through?