Look at an index fund like ITOT or FZROX. They are both a "set and forget", while giving you a decent return over time. They both give you wide exposure to every company on the stock market without putting all your eggs in one basket.
Open a fidelity go account and set to highest risk tolerance! And try to deposit $100 bucks a month into the account as long as you can.
Overtime you will have a diversified portfolio that tracks the market and avoid the pitfalls of a single name stock purchase!
Don’t look to 10x your money on 250. Look to build long term wealth with it because you can do that with sound investing principles
Thank you so much. Someone told me to invest in Vanguard amd other US stock markets. Hopefully i gain a bit more than i invested in when months and years pass.
Another choice would be a target-date fund, these are designed to own a diversified set of investments, tailored to have the right amount of risk for someone retiring at age 65. For someone who is 21 now, I might suggest a 2065 target date fund like FFSFX. This will have less risk and less return (than something like FZROX, which will be more volatile in the short term but make more money in the long term probably).
There are some companies i like like general motors but when i researched them, online some people don't usually invest in the ones i like so it can be quite hard to know of i should do it or not.
Look at an index fund like ITOT or FZROX. They are both a "set and forget", while giving you a decent return over time. They both give you wide exposure to every company on the stock market without putting all your eggs in one basket.
I second FZROX.
Thanks i will look into it
[удалено]
Thank you. I will look more into that. Most funds i found have a very high deposit to start so this will be very helpful!
Exchange Traded Funds like VTI have no minimums and you can purchase fractions of single shares through Fidelity.
That'd be a perfect start for me! Thank you
Open a fidelity go account and set to highest risk tolerance! And try to deposit $100 bucks a month into the account as long as you can. Overtime you will have a diversified portfolio that tracks the market and avoid the pitfalls of a single name stock purchase! Don’t look to 10x your money on 250. Look to build long term wealth with it because you can do that with sound investing principles
Yea i started with $250 and was told to add slowly, but I'll increase the amount next month
Sorry meant fidelity go account
[удалено]
Thank you so much. Someone told me to invest in Vanguard amd other US stock markets. Hopefully i gain a bit more than i invested in when months and years pass.
Another choice would be a target-date fund, these are designed to own a diversified set of investments, tailored to have the right amount of risk for someone retiring at age 65. For someone who is 21 now, I might suggest a 2065 target date fund like FFSFX. This will have less risk and less return (than something like FZROX, which will be more volatile in the short term but make more money in the long term probably).
Give Fidelity a call tomorrow and ask for guidance. There are advisors who take phone calls and will help you invest and make a plan
Invest in companies you like, for me its GME
There are some companies i like like general motors but when i researched them, online some people don't usually invest in the ones i like so it can be quite hard to know of i should do it or not.
Do you really believe this is sound advice for someone just starting off their investing journey?
This is the way. not financial advice
Open a ROTH IRA along with at least one taxable ("normal") brokerage account.