Totally clueless with investing, $100k sitting in the bank earning 0.05%. How do I get started? Please advise. (lemmy.world)

submitted 3 months ago by nieceandtows@lemmy.world to c/personalfinance@lemmy.ml

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I have been putting part of my paycheck into a high yield savings account, but haven't bothered with investing it in a responsible manner partially due a fear of losing the money due to bad investments. I'm finally realizing how much potential money I've lost by letting my money stagnate. Please advise me on how to responsibly invest my money, thanks!

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[-] cheeseandrice@lemm.ee 8 points 3 months ago

To add to this, just open a vanguard account. its quite simple to purchase their ETFs of various flavors. You can set up an IRA, an investment account, whatever you wanna do and its all low pressure.

this post was submitted on 05 Sep 2024

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