Noob investor tips?

[Anonymous]

What resources would you give someone who is a complete noob when it comes to investing? I'm talking basic terminology, how to invest, what to buy, handholding 101-level info (without being overwhelming or condescending or else he'll completely tune out)? Person is mid-40s, grew up poor, and has come into money that's currently sitting in a crappy savings account. Not super rich, but has enough that the money could be doing a lot more if put to better use. He has no debts, but also no clue what to do with what he does have.

[Anonymous]

Bogleheads and Google "if you can" pdf. Set up account at Fidelity and buy index funds

[Anonymous]

Or Vanguard and buy index funds.
Vanguard also has cash plus accounts that stash your cash in FDIC insured banks, splitting it up so that you get FDIC coverage for up to $1million. Interest rates are far better than a bank savings account.
You can also buy Treasuries in the Vanguard account, no fee.

[Anonymous]

Simple Path to Wealth, Bogleheads, and The Little Book of Common Sense Investing. The gist of it is to invest in index funds and don't touch them.

[Anonymous]

Simple Path to Wealth. Gave it to both my kids and it’s easily digestible.

[Anonymous]

Stay away from crypto and options and all that crap.

Buy low and sell high

Stick to low cost index funds

Investments you hold forever. Anything short of that is gambling.

[Anonymous]

Betterment robo advisor is hands off. It automatically allocates stocks and bonds and national/international.

[Anonymous]

3-4 ETFs is all you need. Max out Roth IRA first if you qualify, then put money into regular investment account. Money in regular investment account can be nearly tax free.
Dollar cost average the money into ETFs.
Keep adding monthly from your own earnings, learn all about taxes, and don't complicate your finances.
Look up top personal finance books and start reading.

[Anonymous]

Anonymous wrote:Or Vanguard and buy index funds.
Vanguard also has cash plus accounts that stash your cash in FDIC insured banks, splitting it up so that you get FDIC coverage for up to $1million. Interest rates are far better than a bank savings account.
You can also buy Treasuries in the Vanguard account, no fee.

The vanguard account doesn't give you the high int that having your own account would even if you have to open multiple high interest accounts with different banks. Ally, marcus ect.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Or Vanguard and buy index funds.
Vanguard also has cash plus accounts that stash your cash in FDIC insured banks, splitting it up so that you get FDIC coverage for up to $1million. Interest rates are far better than a bank savings account.
You can also buy Treasuries in the Vanguard account, no fee.

The vanguard account doesn't give you the high int that having your own account would even if you have to open multiple high interest accounts with different banks. Ally, marcus ect.

What banks and how much? Wells Fargo rates over 3% are for new funds, time deposits. Vanguard lets you use Treasuries that mature, interest from funds, are liquid, accept small amounts.

[Anonymous]

Buy into a few index funds /ETFs and don’t try to time the market. Keep enough cash on hand so if the market goes down you can live through the dip. Go onto Fidelity or Vanguard and they can walk you through a new investor questionnaire to help get you started. This is the advice my Dad gave me ten years ago and we’ve done very well keeping it simple.

[Anonymous]

Just VOO or VTI and chill.

[Anonymous]

Reddit personal finance wiki:

https://www.reddit.com/r/personalfinance/wiki/index/