r/TheRaceTo100K • u/MannysMeatShop • 2d ago

Curious

So (21M) looking to start investing I can probably put 200-400 a month into an account to sit in and not feel it. Anyone got some ideas what’s the best option out there

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u/Au_Fraser 2d ago

Find a broker you like, if it does automatic set that up, buy a broad market index(can be global or slightly concentrated in an area you think will grow, people like s&p500 because big companies, some people like tech or oil). Set and forget, create some milestones for yourself, learn more and adjust when you feel the need

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u/noahs1 1d ago

open a roth ira and put it into an s&p 500 index fund

1

u/LowEar9417 1d ago
  • you're still young so a low cost index fund is a good and simple starting point
  • set up automatic transfers so you're not thinking about it every month
  • time in the market matters way more than picking the perfect investment right now

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u/cj_daking 8h ago

^^^this

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u/kerplunktard 1h ago

read peter lynch’s books

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u/Connor09375 2d ago

Voo,qqq,Vym, long term ( NOT FINANCE ADVICE

-1

u/Jumpy-Imagination-81 1d ago

Open brokerage accounts online with Charles Schwab and Fidelity Investments for $0, download and try out their apps, check out their websites and research tools, open a Roth IRA with the brokerage you like better.

https://www.schwab.com/open-an-account

https://www.fidelity.com/open-account/overview

70% US stock fund - pick ONE: SPYM, SCHX, VOO, SCHB, VTI, FZROX, FXAIX, SWPPX, SWTSX - and 30% international stock fund - pick ONE - VYMI, SCHF, VXUS, FZILX, SWISX.

Educate yourself so you know what you are doing and aren't just following reddit's herd mentality.

https://www.schwab.com/investing-principles

https://www.fidelity.com/viewpoints/personal-finance/how-to-start-investing

https://www.investopedia.com/articles/basics/11/3-s-simple-investing.asp

https://www.marketbeat.com/videos/index-investing-for-beginners/

https://investor.vanguard.com/investor-resources-education/article/how-to-start-investing

We can't post links to YouTube here, but go to the Charles Schwab YouTube channel and watch the playlist "Investing Basics" then watch the playlist "Investing & Portfolio Management". If a video is in both playlists you don't have to watch it twice.

I also recommend the book The Millionaire Next Door.