Archived Is there a subverse to learn about how stocks work and how to start using them? (whatever)
submitted ago by Peynus
Posted by: Peynus
Posting time: 4.9 years ago on
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Archived on: 2/12/2017 1:51:00 AM
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Archived Is there a subverse to learn about how stocks work and how to start using them? (whatever)
submitted ago by Peynus
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[–] sinjinsmythe 0 points 4 points 4 points (+4|-0) ago (edited ago)
Best advice - Use a low cost online trader (Ameritrade or similar), slowly put the same amount of money each month into the following index funds in the following proportions:
VTSMX - Total Stock Market 30%
VFINX - S&P 500 30%
DIA - Dow Jones 30%
VTWO - Russel 2000 10%
These are index funds that mirror the movements of each index.
You will beat 85% of every fund manager, money manager, finance guru, whatever over the long term. These are very low cost index funds that mirror the broader market. Put in a bit more if you have it when the market is low (like now) but stick to this plan, rarely sell unless you need cash for something, and don't deviate from the plan.
You will thank me in 20 years.