29 Jun 2023 5:23 pm
My son-in-law in Austin is in finance.Imgreatagain » 29 Jun 2023, 3:25 pm » wrote: ↑ I’ve recently inherited money (poor pop saved for me)
I was wondering if anyone had any suggestions on investing?
don’t say bitcoin. That’s not happening
thanks in advance
xoxo
Quantitative Researcher w/ 3 college degrees. (what a geek).
He likes;
1. A simple acc. w/ Charles Schwab. This lets you trade stocks, bonds,
& mutual funds. And it is a fun game!!
2. Mutual Funds......conservative mutual funds. Look for 5%-10% SAFE returns.
Diversification is mandatory. Maybe a doz. different funds?
3. Max-out your Company 401k retirement plan.... w/ co. matching funds.
4. Start a IRA Acc. on the side that equals your 401k plan.
5. Be conservative.......these are dangerous times.
My father taught me to be a money-saver.
He said, "you will never regret being frugal & saving money.
Just the opposite. You will be proud of yourself". And he was right.
Here is a book that helped me many years ago.
