How do I start investing?

  • It's very hard to beat index funds, few funds beat them year after year. So, call a mutual fund company(vanguard is very good) and tell them that you want to invest in index funds. They will guide you on what to do.

    Add funds on a regular basis until you need it. It will grow. Keep in mind that the returns will be a wavy ride but ultimately it will be positive.

    We are starting to hear criticisms on index funds but we have yet to find a better long term way to grow wealth for the individual investor. Specially for people that don't want to make finance there life's work.

  • 1. Max out 401k and take advantage of employer matching. 2. Max out Roth IRA. 3. Invest in low cost index funds/ETFs.

    Good overview: https://www.pbs.org/newshour/show/all-the-financial-advice-y...

  • Bogleheads Wiki is the definitive resource, Start from the Getting Started page: https://www.bogleheads.org/wiki/Getting_started

    Once you grasp the essentials, you can deep dive further with the recommended reading list: https://www.bogleheads.org/wiki/Books:_recommendations_and_r...

  • If your employer offers a 401k with a match, you should do it.

    To invest outside of an employer fund, you can open an account with any number of firms, but many folks like Vanguard: they have low fees and aren’t trying to up sell you.

    There’s a vibrant community at bogleheads.org (their wiki is probably more useful, e.g., the three-fund portfolio). I think there’s a subreddit at r/personalfinance or something that’s reasonable as well.

    As others are saying: use simple index funds, maybe even start with just a target date fund if you aren’t comfortable building your own portfolio.

  • 401k is pretax. Usually you can change settings whenever you like though it usually takes a pay cycle or two to take affect. Pay yourself first (invest/save automatically) and budget with the rest. If you have goals like buying a house don’t forget to save for those separately so you don’t have to dip into retirement funds early and get hit with fees and extra taxes.

  • I think this video[0] fits nicely to your situation. JL Collins lays out how to invest for your retirement using index funds, explained in simple and commonsensical terms.

    [0] https://www.youtube.com/watch?v=T71ibcZAX3I

  • You've said nothing about goals. I'd say start there and work your way down.

  • I’m going to suggest wsb. Start with a small amount and try to have fun. Add more as you gain confidence and determine your risk tolerance.

  • Research target mutual funds. They're all many people in your situation need.

  • /r/bogelheads