Financial Advice
Financial Advice
Out of context: Reply #49
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So, I'm getting in to this veeeeeery late in the game (I'm 46), but I'm going to start investing. Initially, I have to start small because funds are tight.
What's everyone's take on these robo-adviser thingies? Good thing, or not so much?
- What is a "robo-adviser" thing? Read and learn. Put into an S&P 500 fund until you have at least $10k in it, then look at individual stocks.formed
- Your money, know where and why it's going somewhere. No one else, not even a robot, will care about it like you do.formed
- You can get free financial advice at any of your banking or other financial institutions. Start with a brokerage and talk to them.monospaced
- Mono and formed are right, but to answer your question, to get you toes into investing, ETF’s can be pretty good to start off with.ben_
- You can pick a risk level and get to know the companies in the portfolio if you like, and then watch your shekels multiply or fly away.ben_
- At your age you shouldn’t explore in the dark. You’re so late to this you need a kick start and you need to talk to a financial advisor wherever you keep your $monospaced
- Lay it all on the line, talk to them about goals, and they will make your plan. Even advise you on investing but there’s so much more beyond that you are missinmonospaced