No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I just started with credit cards etc 2 years ago (I'm in my early 20s) & I wanted to invest some extra savings that I have but I am clueless on how to do so, if you guys have any ideas, tips, or experiences, that would be awesome! I have about $50k that I can invest with. Thank you 😊
Wow, that is a HUGE question - seriously.
advice I was going to mention a couple things I would do, but that's me. I think it is important for you to figure out what is best for you. So to that end, my advice is:
Read your butt off! Read up on all the financial terms and investment vehicles. I'd start by taking a look at what your current bank(s) offer for investing, and then look up every term they use when discussing what you can do with them (mutual funds, stocks - put/buy/margin account/margin calls, money markets, retirement accounts, 401k, IRA, 403b, and so on and so on.
Go the the websites for Scott Trade and eTrade and Vanguard and any other investment company you can think of and see what they are offering and then look up every word they use to describe your options and their fees/costs.
Also, always ask yourself what the motivation is of the person/company that is offering any advice/recommendations (transaction fees, loads, etc.)
Good luck!
Thanks!
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
^^ +1 Ditto on reading If You Can: How Millennials Can Get Rich Slowly If you want a not too difficult
self study on personal finance and investing, that is the one to follow. Both the short book itself, as well
as the recommended reading list it contains. It takes no more than an hour to read the booklet and you'll
then be well positioned to ask the right questions.