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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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[-] shortwavesurfer@lemmy.zip 15 points 2 months ago

As the most very general of rules, put it in an equal weighted index of the top companies. Here in the United States, that would be a equal weight S&P 500.

[-] cheeseandrice@lemm.ee 8 points 2 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.

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this post was submitted on 05 Sep 2024
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