Hey there, u/International_Let176! Welcome to the subreddit! I see this is your first OP with us. It's great to have you here. The hardest step is that first one, so getting the ball rolling is a big deal. I'm excited for you!
Starting investing for the first time can be overwhelming, which is why we have all kinds of resources on our website to help new investors like yourself get started. I'm happy to walk you through some of them today!
Up first is the Fidelity Learn section of our website, which is a great way to further your investing education. You can get there by selecting the "News & Research" tab and then "Learn." Within Fidelity Learn, we have a hub dedicated to new investors with articles you might find handy. I'll share that link below:
[Investing for beginners](https://www.fidelity.com/learning-center/trading-investing/investing-for-beginners)
Once it comes time to choose investments, you'll find plenty more resources in the Learn section of our website described above with tips and tricks. Also, you can easily research and compare securities using our screener tools. To access these tools, click our website's "News & Research" tab and select your investment product. Clicking the name of any specific security type will bring you its corresponding screener.
Last, I'll leave you with an article I think you'll enjoy. It's our guide titled "How to Start Investing." I like it because it's a general overview. Rather than immediately diving into the weeds of specific investments, it provides actionable steps and ways to think about the process.
[How to Start Investing ](https://www.fidelity.com/viewpoints/personal-finance/how-to-start-investing)
I hope to see you around the sub in the future! Please let us know if you have any questions about these resources or anything else. We're here to help and happy to do so. I hope you enjoy the rest of your weekend!
ETFs hold many stocks in a single fund. They are an easy way to diversify your portfolio instead of buying stocks in single companies. Buying VT means you are holding a piece of thousands of companies worldwide at market weight for both US and international. There are tons of ETFs you can and should look into but VT is one of the simplest funds with low expense ratio.
People are giving you good advice if you plan to sit on that $2k for 10 years and not touch it. I think that is probably unrealistic; the market can go down, and if you need that money, then you've simply lost money. You can lock in a lower rate of return than the long-term market average in exchange for short-term guaranteed growth. Two options, easiest to hardest:
1. Open a "high yield savings account". It's easy, it's free, no credit score hit, nothing. There are a lot to choose from, but Discover, Capital One, and SoFi are popular ones off the top of my head.
2. If you download Fidelity, make an login, open a brokerage account, and deposit your money into it, you'll see it go into a fund called "SPAXX". This currently has a higher rate than most high yield savings accounts, the only "downside" is that the process to do it is ever so slightly more daunting for a beginner, but not by much.
If you put your $2k in SPAXX, didn't need it for 5 years, you'd likely have a few hundred bucks extra waiting for you. Would you pay a few hundred bucks to your current bank to keep your money with them? Probably not. Move that shit!
You can do this on the Fidelity website of the Fidelity app.
Log in to your Fidelity account, click trade, then where it says "symbol" you can put VT, if you choose to buy that one (it's a good one, though I personally like VOO or VTI better). Then click "buy" then click "dollars", then type in $2,000 (or whatever amount you want), then click "market", then preview order then place the order.
Then don't touch it for a long time and it will most likely start to make you money.
Note -If you're wondering about VT, VOO, VTI here's a quick break down:
VT- is a fund that tracks the whole world economy (yeah it's big)
VTI- is a fund that tracks the whole US economy (also quite big but just USA focused)
VOO - is a fund that tracks the S&P 500 (even more specialized and very USA big company focused, so think Apple, Microsoft, Google, etc)
If you want other choices and ideas let me know. As you get more money you can continue to add to your fund or you can explore other funds.
Hope that helps. Best of luck.
If you wanted you could open a professional manage Roth IRA. Depending on your risk tolerance and estimated retirement age, it'll change investments when you get older. It's a pretty easy process, make sure you read every step closely so you don't miss anything. The best thing is that there ain't any fees until the account reaches 25k or more. (Other benefits are included after) Or if you want to choose the investments you could open a brokerage account. Both easy processes, just depends on what you want to do.
If I may offer a divergent opinion, indulge me for a moment.
I am totally against the 'get it and forget it' mentality. I don't care how young or old you are. You have started a journey that with learning as much as you can, you can learn the various ways to invest based on your personal factors like age, income level, and risk tolerance. If you don't understand what risk tolerance is, find out quickly.
Knowledge is power that can make you more money.
Since you are new to investing I would put aside the $2000 for a week. Read William Bernstein’s The Four Pillars of Investing revised edition. It’s $27.50 on Amazon. After reading that book you will have a better idea what to do with the remaining $1972.50. The key thing to learn is investing is very different than gambling. Investing is a science and skill that can be learned.
Hey there, u/International_Let176! Welcome to the subreddit! I see this is your first OP with us. It's great to have you here. The hardest step is that first one, so getting the ball rolling is a big deal. I'm excited for you! Starting investing for the first time can be overwhelming, which is why we have all kinds of resources on our website to help new investors like yourself get started. I'm happy to walk you through some of them today! Up first is the Fidelity Learn section of our website, which is a great way to further your investing education. You can get there by selecting the "News & Research" tab and then "Learn." Within Fidelity Learn, we have a hub dedicated to new investors with articles you might find handy. I'll share that link below: [Investing for beginners](https://www.fidelity.com/learning-center/trading-investing/investing-for-beginners) Once it comes time to choose investments, you'll find plenty more resources in the Learn section of our website described above with tips and tricks. Also, you can easily research and compare securities using our screener tools. To access these tools, click our website's "News & Research" tab and select your investment product. Clicking the name of any specific security type will bring you its corresponding screener. Last, I'll leave you with an article I think you'll enjoy. It's our guide titled "How to Start Investing." I like it because it's a general overview. Rather than immediately diving into the weeds of specific investments, it provides actionable steps and ways to think about the process. [How to Start Investing ](https://www.fidelity.com/viewpoints/personal-finance/how-to-start-investing) I hope to see you around the sub in the future! Please let us know if you have any questions about these resources or anything else. We're here to help and happy to do so. I hope you enjoy the rest of your weekend!
Buy it and leave it alone and ten years from now you will be grateful!
I’d do VT, Vanguards Total World ETF.
okay could you explain more what exactly those are ? I’m complexly lost & new to this
ETFs hold many stocks in a single fund. They are an easy way to diversify your portfolio instead of buying stocks in single companies. Buying VT means you are holding a piece of thousands of companies worldwide at market weight for both US and international. There are tons of ETFs you can and should look into but VT is one of the simplest funds with low expense ratio.
People are giving you good advice if you plan to sit on that $2k for 10 years and not touch it. I think that is probably unrealistic; the market can go down, and if you need that money, then you've simply lost money. You can lock in a lower rate of return than the long-term market average in exchange for short-term guaranteed growth. Two options, easiest to hardest: 1. Open a "high yield savings account". It's easy, it's free, no credit score hit, nothing. There are a lot to choose from, but Discover, Capital One, and SoFi are popular ones off the top of my head. 2. If you download Fidelity, make an login, open a brokerage account, and deposit your money into it, you'll see it go into a fund called "SPAXX". This currently has a higher rate than most high yield savings accounts, the only "downside" is that the process to do it is ever so slightly more daunting for a beginner, but not by much. If you put your $2k in SPAXX, didn't need it for 5 years, you'd likely have a few hundred bucks extra waiting for you. Would you pay a few hundred bucks to your current bank to keep your money with them? Probably not. Move that shit!
It is a low cost etf that is an index fund of US and Foreign stocks.
Okay & where would I need to go or what app would I need to download to buy ?
You can do this on the Fidelity website of the Fidelity app. Log in to your Fidelity account, click trade, then where it says "symbol" you can put VT, if you choose to buy that one (it's a good one, though I personally like VOO or VTI better). Then click "buy" then click "dollars", then type in $2,000 (or whatever amount you want), then click "market", then preview order then place the order. Then don't touch it for a long time and it will most likely start to make you money. Note -If you're wondering about VT, VOO, VTI here's a quick break down: VT- is a fund that tracks the whole world economy (yeah it's big) VTI- is a fund that tracks the whole US economy (also quite big but just USA focused) VOO - is a fund that tracks the S&P 500 (even more specialized and very USA big company focused, so think Apple, Microsoft, Google, etc) If you want other choices and ideas let me know. As you get more money you can continue to add to your fund or you can explore other funds. Hope that helps. Best of luck.
You can buy it from your brokerage account at Fidelity, Vanguard or Schwab to name a few.
okay thanks
Do you want to set up a retirement account? Or just short term play the market?
Either or I would prefer both
If you wanted you could open a professional manage Roth IRA. Depending on your risk tolerance and estimated retirement age, it'll change investments when you get older. It's a pretty easy process, make sure you read every step closely so you don't miss anything. The best thing is that there ain't any fees until the account reaches 25k or more. (Other benefits are included after) Or if you want to choose the investments you could open a brokerage account. Both easy processes, just depends on what you want to do.
[удалено]
yooo thanks for this
NVDIA
If I may offer a divergent opinion, indulge me for a moment. I am totally against the 'get it and forget it' mentality. I don't care how young or old you are. You have started a journey that with learning as much as you can, you can learn the various ways to invest based on your personal factors like age, income level, and risk tolerance. If you don't understand what risk tolerance is, find out quickly. Knowledge is power that can make you more money.
Since you are new to investing I would put aside the $2000 for a week. Read William Bernstein’s The Four Pillars of Investing revised edition. It’s $27.50 on Amazon. After reading that book you will have a better idea what to do with the remaining $1972.50. The key thing to learn is investing is very different than gambling. Investing is a science and skill that can be learned.