I have an IRA and HSA that I max, and I max the matching contribution from my employer for my 401k. I just sold my second house and I'm virtually debt free. Where can I start to learn how to invest my extra funds safely and cheaply (eg: without getting gouged by fees)?
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11-18-2020, 11:47 AM #1
Looking to invest. Where to start?
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11-18-2020, 12:45 PM #2
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11-18-2020, 02:25 PM #3
Guessing you mean this booklet? (sample linked)
https://www.firstlinks.com.au/willia...ns-if-you-can/
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11-18-2020, 02:32 PM #4
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11-18-2020, 08:54 PM #5
First you'll want to max the 401k.
The Boglehead forum is a good start to look at people just like you or just make a post.
I'm in a similar situation, but I have extra cash right now and I'm looking into tax advantage type funds/etfs like the total market index for a brokerage account. It's more liquid than the 401k. If/when I really need the money I can pull it. Regardless of Brokerage or 401k, you'll have to do some research on index funds and figure out which fit your risk profile. For Vanguard VFIAX is the S&P 500 and it's a good place to start, then you can look into small and mid caps...i think VSGAX is one, VOO I think is another. A lot can be learned here and all their ETFs and Mutual funds are through this link: https://investor.vanguard.com/mutual...th-end-returns
I use Vanguard because their funds have always been cheap. Some people choose Fidelity because they have a 0% fee on their S&P 500 index, but sometimes things aren't always free and you'll end up having to pay for it later. Some like Schwab as well. But all these firms are pretty similar. I started with Vanguard and they've always been low fee, so I'm sticking with them. Here's a long explanation on tax advantaged funds: https://www.bogleheads.org/wiki/Tax-...fund_placementLast edited by _zman; 11-18-2020 at 09:00 PM.
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11-20-2020, 09:01 PM #6
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