LogFAQs > #957065253

MrMelodramatic posted...

Also, how does one begin investing? Ive heard of Robinhood, but only in a negative light. Do you give your money to a place that invests for you? Can you do it yourself? What are average returns or losses if you play it safe? What does that even mean.

My advice: Don't bother.

Your first 'goal' should be to save 1 year of salary (whatever you are doing now). This may take a few years. Once you get to that point, you can evaluate where you are and think about investing.

If you are worried about short-term bills, it doesn't really make sense to start investing right away. Get yourself into a comfortable position and then you can start worrying about shoving money into investments and retirement funds. Investments don't pay off immediately; they are long term (see 20-30 year) investments that you want to leave alone.

Some general advice for this type of thinking/saving would be: if I can't afford to buy two of something, don't buy it.