I keep up with most of the dumpster fire that is current US news but I’m sorta lost on this one. I contribute to my 401k every week and have a few thousand saved up, as well as stock in the company I work for. Is all of the bad news referring to the stock market crashing? Is this general across the board or more company-specific? I consider myself decently politically educated but not so much economically.
Kind of a similar-ish question. I recently moved my 401k from an old employer to my personal account. All my money is now sitting uninvested. As much as I’d love to hire someone to look over my accounts, I can’t really justify that at the moment. In the most basic way possible, can anyone suggest specific indexes, stocks, whatever the terminology is that I should or could invest my money into?
There should be a target date fund, do that. It automatically rebalances as you reach your target date. So if you plan to retire in 2050, pick the 2050 fund.
Omg thank you sooo much!! This is exactly the simple and straightforward investment I needed! I also found a few other funds/growth symbols that seemed easy to understand. I’d eventually like to educate myself more on this whole topic, but right now simple is all my brain can handle 🤭
Not an American, but basically decide how much risk you want to take on - then depending on that answer set aside money (0-40%) for safe investments - things like bonds (guaranteed returns) or potentially gold (lower volatility). The rest goes into a 80/20 (or 60/40, or 90/10, no one can say what’s best) split between domestic and international index funds. Things like the S&P500, Dow, and US whole market index, and then some into EU, Asia/Oceana, and emerging market index funds.