i got 15k to invest, im thinking about putting it all in the s&p500 but was wondering what else is out there, what are people investing in eyc basic stuff i guess
right now I have a high yield savings account and I feel i can do better then 4% back a year.
Posted by TobySnack
7 Comments
Do you have a 401k?
Buy MSTR. Easy 3-4x from here. In Bitcoin we shall trust.
VOO
VOO, BRKB, VUSX
Always spread out your portfolio; never put all your cookies in one box. I can’t recommend any specific ones since I haven’t been crazy on the market as of late but take your comments advice, do your own research, and put into what you conclude on based on that info. Definitely don’t yolo though you don’t want to end up being another of the usual WSB posts
Just throw it into reputable mutual fund/ETC in any account; preferably favoring tax advantaged ones like a 401K > Roth IRA > Traditional IRA > Individual Account
At that young of an age having an opportunity to put anything in the market is huge.
Unless you have domain specific expertise (medical/pharmaceutical science degrees, engineering degrees, CS/AI degrees, etc etc) an index fund would be a safe bet. Index fund can be SPY, VOO, QQQ. They track the best performing companies and are somewhat diversified. Though recent years they have been focused on tech stocks so if there’s a draw down in tech/AI sector, these funds will also dump.
You could also consider gold (unleveraged, just GLD or IAU shares) but I myself wouldn’t recommend silver as gold is being bought by central banks but not silver. Both are precious metals but have different structures. Gold is explicitly a hedge to act against fear and inflation, silver is partially for that and meanwhile has industrial usage, it’s complicated and myself isn’t qualified to judge it. So I stick with gold.
If you do have a degree (or experience), you can try to focus on a particular field of your specialize. Warren Buffett’s “Circle of Competence” idea is very important here. Invest in something you understand well, or just buy index fund. It may look like one can throw money into a meme stock and make 3-4x gain, but without a thorough understanding of the stock and it’s underlying business, it’s hard to tell when to exit(sell), or whether an exit strategy is needed. You need some insights to know where a good performing stock is a quick trade, a short term bull ride, or a decade hold.
If you feel like buying a index fund and hold it for years is boring, you could consider allocating a small bit ($500) to trading for fun.
If you wonder what is an option contract. No you don’t. Don’t ask. Just…don’t touch it.