Keep th money you need short-term for your business. Put the rest in index funds. With 100k lying around like that, you lose a few thousand dollars per year to inflation.
Comment on Owned (stocks)
atlien51@lemm.ee 4 weeks agoIdk how much of that you’d wanna invest in stocks…soo risky and soo long to see any noticeable returns at all…
ftbd@feddit.org 3 weeks ago
atlien51@lemm.ee 3 weeks ago
What are index funds
ftbd@feddit.org 3 weeks ago
An index is something like S&P 500 - a (weighted) collection of different stock. Instead of buying a single stock, you could replicate this index, by splitting your money across all of its stocks. That way your risk is somewhat reduced, as the failure of a single company will not wipe out your entire investment. But that would be a lot of effort, as you’d constantly have to buy and sell stocks to match the index. For that, there are index funds. These are just big funds with a lot of money, which they spread over many stocks to replicate an index. You, in turn, can then buy shares of that index fund. These are typically traded at an exchange as well, hence the name exchange traded fund (ETF). Investing in the right ETF allows you to invest into the economy as a whole, and reduces risk from individual stocks.
atlien51@lemm.ee 3 weeks ago
Thank u!
lucelu2@lemm.ee 3 weeks ago
I micro-invest in companies I am familiar in working with at my job. Mostly bio-tech/healtcare/pharm. I have a 403B that is invested in index funds and bonds that is more serious savings. The Robinhood account is more like… a shoe closet. I buy the shoes I like and rarely sell them unless they, well give me a bad experience in real life (looking at your Reddit, Amazon, and Meta). After Trump was elected… I expanded my horizons to European ETFs and Chinese car companies.
atlien51@lemm.ee 3 weeks ago
Ok and how much money did u initially start with and how much money have u made since u started
JackbyDev@programming.dev 4 weeks ago
Invest in whole market ETFs instead of individual stocks.