How to invest?
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
|
The bogleheads are great. They have a wiki with tons of info. However, you can't expect to just post the same kind if request for help there-- they know that it depends on a lot on what your risk tolerance is (e.g. how do you behave when the market crashes), what your time horizon is (e.g. are you considering buying within the next 3-5 years), etc. and they will expect you to have done some homework/thinking on those issues.
If you a simple tool to help you, this one from Vanguard is pretty good (but note that small changes in your answer can sometimes make big changes in their recc.) https://personal.vanguard.com/us/funds/tools/recommendation |
Anonymous
|
Honestly, I'd keep the money parked for another 6-12 months while you do some homework and better understand how to invest. You may decide you want to hire someone anyway (as PP pointed out, especially if you're an emotional investor), but you are almost sure to either be taken or to make a not so good investment choice if you can't articulate your financial goals and timeline, and don't understand the basics.
Read Kiplingers, a few personal finance books, etc. |
Anonymous
I agree with this pp, as well as most of the others. You MUST be an informed consumer, even if you have a financial planner. I have watched my parents lose a lot of opportunities and waste a lot of money because the idea of working to understand investing struck them as too hard or vulgar or greedy or something. Don't ask me, I don't get it either. You worked very hard to save that much, it won't be much more effort to be careful/savvy with what you do with it. |