Just getting into investing---fun!

[jpm2953]

I'm definitely late to the investing game. I just started a 401k at work, Unfortunately no matching. I started a Roth IRA this week as well and set up a 2050 index fund. I'm enjoying learning about all this.
Looking forward to throwing some money at this

 

[JasonB699]

I do 25% into my 401k. I keep most in a target retirement age fund but play with 30% pretty hands on. A couple of US mid-cap equities have been doing great since we got a businessman in the White House. I still haven't jumped into crypto, but my son (11-year old) wants to invest in precious metals, lol.

 

[jpm2953]

I do 25% into my 401k. I keep most in a target retirement age fund but play with 30% pretty hands on. A couple of US mid-cap equities have been doing great since we got a businessman in the White House. I still haven't jumped into crypto, but my son (11-year old) wants to invest in precious metals, lol.

I wish I had the spare cash to put 25% into mine. That’s awesome

 

[Psilloh1]

I wish I had the spare cash to put 25% into mine. That’s awesome

Those balanced funds are great based on retirement age.. They obviously are aggressive based on a maturity of 2050.. That is what you want at your age...

I did really aggressive the last 25 years, and bet on a few high flyers, and also a few stinkers.. Wrapping up my career in 4 years...

Smart thing you are starting young. Learn the Rule of 72..

 

[WallsGa]

I'm definitely late to the investing game. I just started a 401k at work, Unfortunately no matching. I started a Roth IRA this week as well and set up a 2050 index fund. I'm enjoying learning about all this.
Looking forward to throwing some money at this

Index funds!

First, max out your 401k, then your IRA, then find a Dow / S&P index fund and put the same amount into it every month/2 weeks/whatever set time frame you choose. But do it consistently.

Playing with individual stocks is usually a fool’s errand. I know better, and still....Ask me how much I’ve lost trying that s&!t.

 

[JasonB699]

I wish I had the spare cash to put 25% into mine. That’s awesome

I started later than I'd have liked, but started catching up in my 30's. It's really blossomed these past few years.

 

[palmettomoon]

Do it young, please. Any amount saved is better than none. You'll be stunned at fast money can grow using some of the advice you've received above. Longer you wait the more you have to save and the less you'll be marketable (depending upon career) you might be at the end of your working life.

 

[JasonB699]

Index funds!

First, max out your 401k, then your IRA, then find a Dow / S&P index fund and put the same amount into it every month/2 weeks/whatever set time frame you choose. But do it consistently.

Playing with individual stocks is usually a fool’s errand. I know better, and still....Ask me how much I’ve lost trying that s&!t.

Great advice! My grandfather put a smallish amount into a mutual fund for a rainy day stash in the 90s...my grandmother has had close to $40k in mandatory withdrawals (thanks, gubment) and still has 2.5-3x the original deposit. It's a waiting game...as mentioned before, if you don't gamble on individual "hunches" it will compound nicely.

 

[palmettomoon]

I'll give you an example of what I call fortuitous growth. I put a small amount of money into a single 401k with a previous employer in 2000. 19 years later it's grown 1,775% or 18 times the initial investment. I should have put a lot more into that fund.

 

[moosensquirrel]

All fiat currencies eventually go to zero value and are in a race to the bottom as we speak. The USD is touted as a strong currency as it is in last place in the race. Regardless, unless your "investment" earns more than the real inflation rate (about 13% right now) you will be going backward. If you have currency to put at risk, it would be better to "speculate" rather than "invest".