Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [starting-out-investing]

For questions relating to beginning investing. It should normally be used with other tags to clarify the area that it relates to.

357 questions
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18 answers

Best way to start investing, for a young person just starting their career?

I am young, just started my career, and looking to begin investing so I can make my money work for me. I'm still living like I did in college (occasional purchase on myself, but most of it goes into savings) and I would like to take the extra money…
Eric
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23 answers

What options do I have at 26 years old, with 1.2 million USD?

I'm a 26 years old female who got into an accident that almost killed me; I sued and after attorneys fees and medical bills from hell... I will walk away with around 1.2 million dollars tax-free. Here are the crucial details: I have no family (no…
d.ariane
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149
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8 answers

Oversimplify it for me: the correct order of investing

I have been reading the top posts here, and the recommendations for what to invest in are often similar. What I'd like to know, in as simply of terms as possible, is what the consensus is on priority of these investments. I am new to this, but here…
user73263
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13 answers

I'm 23 and was given $50k. What should I do?

Recently I was given 50k from my grandmother in her will. I am 23 years old and have no idea what to do with it. I make $33k a year. I have zero savings. I owe $35k in student loans over 6 years 0% APR I owe $5k in medical and credit cards. I have…
John Wall
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63
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11 answers

I'm 18 and have 6 grand. What should I do with it?

I'm 18 and about to go to college. Luckily, I don't have to worry about student loans or most other living expenses. I've been working and have over $6,000 (will probably be about $7,000 by the end of summer) in my bank account. I don't want to…
Emily Harms
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52
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12 answers

Invest $50,000 in cash or borrow $100,000 and get a mortgage?

I have $50,000 saved and I'm paying $760 on rent right now. All my relatives are telling me to get a mortgage so I don't "throw money away on rent", but I just don't like the idea of getting in debt and not being able to move any time soon. I'm 28…
Nikolay Dyankov
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49
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7 answers

Why are low risk investments so strongly advised for first-time investors?

Inspired by the flurry of questions on this site about the returns available from investing in equities over the long term, I decided to approach my UK bank about setting up a small investment fund, built up by a modest monthly contribution of…
Bob Tway
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46
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5 answers

When to stop saving and start investing?

Since I started my first job after graduating a few years back, I always saved a certain percentage of my salary each month on an extra savings account my bank offers. At that time, and until recently, that seemed to make sense. Now I have, in my…
Suimon
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45
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7 answers

Ethics and investment

I am a young man who has recently reached a point of financial stability. I'm starting to think about long-term plans which may one day buy a home, or provide for myself in old age. This raises the question of savings and investments, which causes…
AJFaraday
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10 answers

I won USD 50K! Now what should I do with it?

I won a sweepstakes and will be getting USD 50k...it is verified that it is legitimate although no taxes have been taken out so I will have to claim this income on my taxes next year, they will send a 1099. I do have a significant amount of student…
Emily
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36
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10 answers

Should a high-school student invest their (relative meager) savings?

I am a high school student, I don't really have much money, between one and two grand in my savings account. However, I have friends who are investing in both penny stocks and stocks. I do not really know much about the subject, but I do find it…
Pablo
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4 answers

Should I invest when in debt?

I have just consolidated my debt and am thinking where I want to be in the future. My payment plan is to be debt-free in three years. It is not an extremely aggressive plan; I still want to have a life, maybe travel once in those three years and…
TheRealTy
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8 answers

Realistically, how much do you need to start investing?

I don't have a lump sum but may be able to set aside £2k-3k per month. I am already paying into a pension fund but that seems unlikely to go far. Yet I think it's a good safeguard. Can I start investing with £2000 or should I get a bigger pot…
algiogia
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What are the benefits and disadvantages of investing $60-70K in the following methods?

I have $60-70K that I'm planning on investing in stocks/ETFs/funds. What are some of the advantages and disadvantages of investing this amount of money with a human financial advisor vs an automated "robo" advisor vs broad market ETFs vs…
Ren
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Why invest for the long-term rather than buy and sell for quick, big gains?

Somewhat along the lines of this question. I've been putting mostly unmatched money into my 401(k) for a few years. I know that investing is generally seen as a long-term decision, but with volatile stocks, it seems to me that you could make a large…
Pedro
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