LogFAQs > #979826107

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Topic	Managing your investments/401k
badjay 04/09/24 6:40:55 PM #4:	BUMPED2002 posted... My ex brother-in-law manages my investments and 401k because I know very little about investing. ??? It's not that hard. You pick a vanguard retirement fund date and dump money in there. BOOM YOU'RE INVESTING. https://investor.vanguard.com/investment-products/list/all?strategy=all_in_onehttps://gamefaqs.gamespot.com/a/forum/8/839e31d2.jpg This is probably what most people do when they say they "invest." If you have someone managing your money they're either gonna blow it all or some shit while charging you ludicrous amounts. You COULD get lucky and make bank, but TDFs are the safest way to invest while working and having a more secure retirement. The only other option you have if you want to invest in the stock market which is proven to double like every 7-10 years or so is to take an ETF of the S&P 500. INB4 People say invest in SPY, consider doing VOO or IVV if you want that ETF. The expense ratios of the latter 2 are like .05% less than SPY. So you save in the long run. Regardless investing in SPY is still good because it's better than nothing. If you REALLY want to invest make sure you save a nice chunk of change for your future self before gambling on stocks and hoping you win the money lottery. At least you know you'll have a future then, rather than no future. --- [05:45:34] I bought an American L and it was like a tent <cite>badjay posted [p:979826107] in Managing y... [t:80742628]...</cite> <quote>BUMPED2002 posted... </cite><quote>My ex brother-in-law manages my investments and 401k because I know very little about investing.</quote>??? It's not that hard. You pick a vanguard retirement fund date and dump money in there. BOOM YOU'RE INVESTING.https://investor.vanguard.com/investment-products/list/all?strategy=all_in_onehttps://gamefaqs.gamespot.com/a/forum/8/839e31d2.jpgThis is probably what most people do when they say they "invest."If you have someone managing your money they're either gonna blow it all or some shit while charging you ludicrous amounts. You COULD get lucky and make bank, but TDFs are the safest way to invest while working and having a more secure retirement.The only other option you have if you want to invest in the stock market which is proven to double like every 7-10 years or so is to take an ETF of the S&P 500. INB4 People say invest in SPY, consider doing VOO or IVV if you want that ETF. The expense ratios of the latter 2 are like .05% less than SPY. So you save in the long run. Regardless investing in SPY is still good because it's better than nothing.If you REALLY want to invest make sure you save a nice chunk of change for your future self before gambling on stocks and hoping you win the money lottery. At least you know you'll have a future then, rather than no future. --- [05:45:34] I bought an American L and it was like a tent</quote> ... Copied to Clipboard!
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