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re: First time investor, advice

Posted on 2/25/21 at 10:26 am to
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40885 posts
Posted on 2/25/21 at 10:26 am to
Have you opened a Roth IRA? I am guessing you are maxing out your employer match.

After that I would open a Roth IRA and try to put the maximum every year. The money in your new Roth I would invest in low cost broad index funds.

Bogleheads on index funds

3 fund lazy approach typically leads to best performance for most investors. I think there are a lot of different opinions on what % should be bonds however. I think this should point you in the right direction for what funds to look for.

Bogleheads Three Fund Approach

This post was edited on 2/25/21 at 10:29 am
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41234 posts
Posted on 2/25/21 at 11:11 am to
quote:

Have you opened a Roth IRA?



That's the #1 question, if the OP hasn't done it yet. That should be his first step.
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