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Fitzroy M.
What to invest in these days
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What to invest in these days
Trust the process. Develop an asset allocation based on your financial goals, age, and risk tolerance. Most should probably have a well diversified portfolio of stocks and bonds in varying percentages.
I buy VTSAX which is an index fund the US stock market.
you
I've just started with Robinhood and buying a few shares here and there
I invest in low index funds. I read somewhere that it a great thing to look into.
What are low index funds?
I think @Deborah M. is referring to low-cost index funds, which are mutual funds or exchange traded funds (ETFs) that are often passively managed to track a specific index and keep investment costs low. The idea behind indexing is that the gains in an index are usually the result of just a handful of winning stocks with big gains. Since it can be difficult to find these specific winning stocks, the strategy is to own all the stocks in that index.
You're right Aaron G.
Great advice by all. I suppose the only thing to add here without being harmful is to utilize a lifecycle fund. These are usually funds that are named with the year you plan to retire (ex. Fidelity Freedom 2045). These also utilize index but they diversify with bonds etc and will adjust it as you close in on the year you select for retirement to become less riskier.
I need some suggestions on how to invest.
I need some suggestions on how to invest.
There isn't a one-size-fits-all approach to investing. You need to first identify your investing goals and assess your risk tolerance before assembling investments to meet those goals within your personal risk tolerance. What might be a good investment for one person may not necessarily be a good investment for another person. Perhaps the one universal suggestion that could apply to everyone would be to learn the basics of investing and gradually add to that knowledge.