I'm turning 25 in January and have $10K. I want to start investing the $10K and will contribute $100 a week.
Should I put the money in a mutual fund or ETFs? Don't ETFs suffer time decay and other things that makes it holding for long periods expensive?
you dont have to take my opinion, but this has worked for me
80% on ETF, indexes and other low risk granny tier jolly investments.
20% on high risk memes. (if it pays off, instant riches, if it doesnt, at least you still have your traditional investments)
>>1510895
This is just a small part of my income, for retirement purposes. With this and my living expenses, I still have $800-1,100 a month for spending. I could trade meme stocks with a little of that.
>>1510902
get a feel for trading memes with small increments first.. after you get confident, it should provide a decent chunk of semi-passive income.
Theres really not much to talk about ETFs.. theyre OK. Fire and forget, no hassles investments
>>1510905
TD Ameritrade has free commissions on certain ETFs as well. Should I go for that?
>>1510913
>TD Ameritrade
they have had trouble with SEC before, but they seem to have resolved it in a good way. theyre not bad, but it wont hurt to diversify between several brokers.
Honestly senpai a lot of guys come here for advice and they come with 1k, 3k or whatever they have and that's it. They walk away with lots of the same advice, stash it, save for a rainy day. That 10k is not easily replaceable (and it shouldn't be). Don't waste what you don't have.
>>1510923
I have almost $150K in savings. $10K is nothing to start with. But I still have $50% for a down payment on a house soon and need some emergency funds.