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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[-] PowerCrazy@lemmy.ml 5 points 3 months ago

Vanguard. You can either invest directly with them, or open whatever brokerage service if you want to gamble on stocks in addition to being responsible.

Invest around 30k in each of VEA VSS VYM, enable DRIP and then you can have 10k to yolo on GME or whatever if you want.

[-] nieceandtows@lemmy.world 1 points 3 months ago

I'll get started with vanguard, thank you

this post was submitted on 05 Sep 2024

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