/biz/ - Business & Finance

>>13013183
Based comfy fortune 500 divi investor

>>12410380
>VTSAX
Pay off whatever debt you have and set aside 3-6 months of living expenses into a savings account. This is called the "oh shit" fund.

Take the remaining and put it into a separate online savings account that gets over 2% like Ally. The 2% will help mitigate most of the inflation (your dollar loses value over time). Every year take 10% of the original amount and move it into investments for the next 10 years. This is called dollar-cost averaging. It prevents you from investing into something at an ATH or relative high and getting fucked for it. Example: you invested all of it in September of 2000, right before a major crash. Tough luck. Now it takes you 7 years just to get back your original amount, just in time for the 2008 crash and you have to sit an wait well over a decade to make ANY gains. Look up the s&p 500 index and learn from the history. If you were dollar-cost averaging that the entire time you would have bought as or near the lows and come out fine.

What to invest in, and what %?:
>50%
some ETF that tracks a extremely diverse index. This mitigates risk. I personally go with VT, which invests in the entire global stock market.
>20%
bonds. US Government is the safest, but you can also find some neat bond etfs instead of actual bonds like FALN, or be boring and go TLT/BND. The rule of thumb is 100-your age = % stock, the rest being bonds.
>30%
whatever stock you want or find some meme shit (but keep your meme shit low). Pic related are some of my personal picks. I recently dumped a bunch into fucking MJ. Other meme shit includes crypto and speculative things.

All that being said you can also take 5k or so and have some fun with it. Very important: don't let ANYONE know you came into money.

t. got 400k when turned 21.

>>11683316
>>11682935

>>11615390
>>11615363
oop