In addition to the target date funds, there are some very basic funds through every broker. Some big ones like SPX and QQQ track directly with the s&p and NASDAQ. Every etf will have a theme (tech, biotech, industrial, energy, etc.) And should have a short description on them. Find something that fits your fancy if you have an industry you really believe in
Comment on Should I withdraw/stop putting into my 401k?
Vibi@lemmy.blahaj.zone 6 days ago
Kind of a similar-ish question. I recently moved my 401k from an old employer to my personal account. All my money is now sitting uninvested. As much as I’d love to hire someone to look over my accounts, I can’t really justify that at the moment. In the most basic way possible, can anyone suggest specific indexes, stocks, whatever the terminology is that I should or could invest my money into?
Sc00ter@lemm.ee 6 days ago
Vibi@lemmy.blahaj.zone 6 days ago
Yes yes! Thank you! When I was looking into Fidelity’s target funds I found ones labeled as mutual funds that sound super similar to what you described. I looked through the different industries and put some money towards those! I also just read into the difference between the two and will definitely be researching some ETF to invest into.
bjorney@lemmy.ca 6 days ago
Not an American, but basically decide how much risk you want to take on - then depending on that answer set aside money (0-40%) for safe investments - things like bonds (guaranteed returns) or potentially gold (lower volatility). The rest goes into a 80/20 (or 60/40, or 90/10, no one can say what’s best) split between domestic and international index funds. Things like the S&P500, Dow, and US whole market index, and then some into EU, Asia/Oceana, and emerging market index funds.
orbituary@lemmy.dbzer0.com 6 days ago
ETF or 401k personal fund. Don’t let it sit.
GrumpyDuckling@sh.itjust.works 6 days ago
There should be a target date fund, do that. It automatically rebalances as you reach your target date. So if you plan to retire in 2050, pick the 2050 fund.
Vibi@lemmy.blahaj.zone 6 days ago
Omg thank you sooo much!! This is exactly the simple and straightforward investment I needed! I also found a few other funds/growth symbols that seemed easy to understand. I’d eventually like to educate myself more on this whole topic, but right now simple is all my brain can handle 🤭