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Financial Advisor for Young Man
Posted on 7/25/25 at 5:40 pm
Posted on 7/25/25 at 5:40 pm
30 year old single male looking for help investing his money. Any recommendations? Thanks.
17
Posted on 7/25/25 at 5:55 pm to labguy
Set a budget, live by it.
As pay raises come, increase both your budget and investments.
Auto deduct from EACH paycheck to a high yield savings, set up auto ETFs to then invest in an individual brokerage account.
Outside of a house, don’t buy what you can’t afford.
It’s fine to use a credit card for all purchases for the perks, but pay it off in full every month.
As pay raises come, increase both your budget and investments.
Auto deduct from EACH paycheck to a high yield savings, set up auto ETFs to then invest in an individual brokerage account.
Outside of a house, don’t buy what you can’t afford.
It’s fine to use a credit card for all purchases for the perks, but pay it off in full every month.
Posted on 7/25/25 at 6:04 pm to rowbear1922
I believe that best investment for a 30 year old would be to spend some time learning a few basics on managing finances. There is enough foundational information out there that would really help in the long run. At the age of 30, most don’t need to be a sophisticated investor. Take the time and learn the fundamentals. Financial literacy is the best way to manage risk in the future.
Posted on 7/25/25 at 6:06 pm to labguy
VTSAX
Posted on 7/25/25 at 6:22 pm to Thebuzz
quote:
I believe that best investment for a 30 year old would be to spend some time learning a few basics on managing finances. There is enough foundational information out there that would really help in the long run. At the age of 30, most don’t need to be a sophisticated investor. Take the time and learn the fundamentals. Financial literacy is the best way to manage risk in the future
I’m 37, so not a whole a lot older, and wouldn’t say I’m a savvy investor. But I learned the hard way, still own 50k shares off a tip from the money board and down 99% of that investment, but refuse to sell bc at this point it becomes actualized losses and the money id get back isn’t enough for me to move (less than $1k if I sold now)
If he knows NOTHING about investing, S&P ETFs are easy and fairly risk free.
Also this is not financial advice, but once I learned the hard way, I started investing in say my cell phone provider, they now pay me to be a client.
Spend maybe 5% on gamble plays, besides that, I best in the companies you spend money with
Posted on 7/25/25 at 6:29 pm to labguy
Read this.
Posted on 7/25/25 at 7:38 pm to labguy
Do some research. Look up 3 fund portfolio. Do it yourself. Look up how much $$ it will save you in the long run.
Posted on 7/25/25 at 8:14 pm to rowbear1922
quote:
But I learned the hard way, still own 50k shares off a tip from the money board and down 99% of that investment, but refuse to sell bc at this point it becomes actualized losses and the money id get back isn’t enough for me to move (less than $1k if I sold now)
If it's in a taxable account there is such a thing as tax loss harvesting and loss carry forward.
Posted on 7/25/25 at 8:49 pm to CharlesUFarley
quote:
If it's in a taxable account there is such a thing as tax loss harvesting and loss carry forward.
The past 2 decembers I’ve been taking advantage of the loss to help with taxes. Have at least another year or so before the stock is completely useless to me
Posted on 7/25/25 at 9:18 pm to labguy
quote:First thing, be careful but not conservative. We’re in a transitional period that 95% percent of the “financially savvy” community is completely oblivious to. Stack assets, don’t be in a rush to pay down any debt and avoid most things that have a significant yield.
30 year old single male looking for help investing his money. Any recommendations? Thanks.
Second thing, think very hard about the question “what is money?”. When you figure it out, save lots of whatever you determine to be good money.
Lastly, this will sound a bit insensitive but don’t assume older investors have anything insightful to teach you. Their playbook is based on a system that no longer exists. Consider the general wisdom but ignore the specifics.
This post was edited on 7/25/25 at 9:22 pm
Posted on 7/25/25 at 9:18 pm to labguy
I like the order of operations by “the money guy”. They have a ton of free stuff on YouTube.
Invest in low cost index funds. Would start with s and p 500 fund. Try to invest monthly as opposed to throwing it all in once during the year.
This post was edited on 7/25/25 at 9:19 pm
Posted on 7/25/25 at 9:30 pm to labguy
Max out 401k now, and max out IRA
Posted on 7/25/25 at 10:20 pm to labguy
Paging bayoubengals…
Has a really good slide deck on investing.
Has a really good slide deck on investing.
This post was edited on 7/25/25 at 10:28 pm
Posted on 7/26/25 at 9:40 am to labguy
Thanks. All solid advice I’m sure. But I’m looking for a financial advisor I can trust to work with me to set up an investment plan moving forward and over a long period of time. Have a good bit of cash saved up sitting in checking and savings account drawing very little interest that I need to invest now. My father says invest in mutual funds, max out 401-K and IRA’s and while those may be good investments I’m looking for an advisor who has more modern knowledge of investing. Thanks.
Posted on 7/26/25 at 9:50 am to labguy
Different people feel different ways.
A coworker and I have discussed this. We’re both in our 30s in physicians. We’re both trying to save aggressively. He pays a guy to tell him what to do. I just maxed out my retirement account and then buy mainly Low cost ETF in a Schwab brokerage.
I say all that to say that if you’re like my coworker and you want someone to tell you what to do. You will pay for that. But you’ll probably still end up in a good spot at retirement.
A coworker and I have discussed this. We’re both in our 30s in physicians. We’re both trying to save aggressively. He pays a guy to tell him what to do. I just maxed out my retirement account and then buy mainly Low cost ETF in a Schwab brokerage.
I say all that to say that if you’re like my coworker and you want someone to tell you what to do. You will pay for that. But you’ll probably still end up in a good spot at retirement.
This post was edited on 7/26/25 at 9:51 am
Posted on 7/26/25 at 10:08 am to labguy
Also. If you’re truly looking for an advisor. You might say where you’re located. I mean, it can be done over Skype nowadays, but a lot of people like to go sit with someone in person.
This post was edited on 7/26/25 at 10:11 am
Posted on 7/26/25 at 10:14 am to GeauxTigers123
I live in BR.
Posted on 7/26/25 at 11:39 am to GeauxTigers123
quote:
then buy mainly Low cost ETF in a Schwab brokerage
Do you have a favorite one
Posted on 7/26/25 at 11:49 am to Stamps74
I’ve heard of ETF’s but know nothing about them. That’s why I’m looking for an advisor.
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