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Anyone making an engineering level salary in the US should be saving a portion of their money and investing in the stock market. There are a wide variety of opt
by harryh 10y ago
Anyone making an engineering level salary in the US should be saving a portion of their money and investing in the stock market. There are a wide variety of options that involve no commissions and allow you to own a broad cross section of the market. The Vanguard Total Stock Market ETF is a good place to start. As are Vanguard's age based funds and automatically reallocate to more conservative positions as you get older.
Writing off the stock market as a "casino for rich people" is a good way to make yourself poorer.
- yeukhon 10y agoI wish there was a crash course on this when I was in college. I've been meaning to understand stock market, how to get involved. The most I got was 401k but I don't even look at my Fidelity. I know certain industries are projecting or doing well currently... but ugh.
- harryh 10y agoMost of the information you need to know can fit on an index card: http://media.npr.org/assets/img/2016/01/07/index-67f786d0f1fbbf302d422c5bf30dd1624f991dac-s900-c85.jpg http://media.npr.org/assets/img/2016/01/07/index-67f786d0f1f...
- hamandcheese 10y agoI think the parent meant don't waste trivial amounts of money buying individual stocks rather than don't invest at all.