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  1. #1
    Registered User dcbone30's Avatar
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    Looking to invest. Where to start?

    I have an IRA and HSA that I max, and I max the matching contribution from my employer for my 401k. I just sold my second house and I'm virtually debt free. Where can I start to learn how to invest my extra funds safely and cheaply (eg: without getting gouged by fees)?
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  2. #2
    Registered User cazzo1's Avatar
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    Set up an account at Vanguard and buy their index funds.

    VFIAX is the SP500 index fund.

    Also since I cannot post links, google "If you can pdf" and read the first 5 pages of it
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    Darkness is coming GodlessWonder's Avatar
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    Originally Posted by cazzo1 View Post
    Set up an account at Vanguard and buy their index funds.

    VFIAX is the SP500 index fund.

    Also since I cannot post links, google "If you can pdf" and read the first 5 pages of it
    Guessing you mean this booklet? (sample linked)

    https://www.firstlinks.com.au/willia...ns-if-you-can/
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    SUPERNOVA SouthDakotaBrah's Avatar
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    Max out the full $18.5k towards your 401k first (tax-shielded funds in a large-cap US equity index fund will beat any taxable investment you can expect to make)

    Then I would set up an account at whatever brokerage gives you the cash incentive for starting an account, then buy index funds
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  5. #5
    Trancebrah _zman's Avatar
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    Originally Posted by dcbone30 View Post
    I have an IRA and HSA that I max, and I max the matching contribution from my employer for my 401k. I just sold my second house and I'm virtually debt free. Where can I start to learn how to invest my extra funds safely and cheaply (eg: without getting gouged by fees)?
    First you'll want to max the 401k.

    The Boglehead forum is a good start to look at people just like you or just make a post.

    I'm in a similar situation, but I have extra cash right now and I'm looking into tax advantage type funds/etfs like the total market index for a brokerage account. It's more liquid than the 401k. If/when I really need the money I can pull it. Regardless of Brokerage or 401k, you'll have to do some research on index funds and figure out which fit your risk profile. For Vanguard VFIAX is the S&P 500 and it's a good place to start, then you can look into small and mid caps...i think VSGAX is one, VOO I think is another. A lot can be learned here and all their ETFs and Mutual funds are through this link: https://investor.vanguard.com/mutual...th-end-returns

    I use Vanguard because their funds have always been cheap. Some people choose Fidelity because they have a 0% fee on their S&P 500 index, but sometimes things aren't always free and you'll end up having to pay for it later. Some like Schwab as well. But all these firms are pretty similar. I started with Vanguard and they've always been low fee, so I'm sticking with them. Here's a long explanation on tax advantaged funds: https://www.bogleheads.org/wiki/Tax-...fund_placement
    Last edited by _zman; 11-18-2020 at 10:00 PM.
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  6. #6
    Registered User Cartiac's Avatar
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    Originally Posted by _zman View Post

    The Boglehead forum is a good start to look at people just like you or just make a post.
    Couldn't agree with this more. This is the best retirement advice you can get. Broad market, low expense index funds are safe, cheap, and nearly foolproof for long term retirement accounts.
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