134
Finished high school 7 years ago. been working for 6 of them. first time i reached $10,000 in savings (25yo)
(self.casualconversation)
this post was submitted on 07 Nov 2024
134 points (95.3% liked)
Casual Conversation
1894 readers
1278 users here now
Share a story, ask a question, or start a conversation about (almost) anything you desire. Maybe you'll make some friends in the process.
RULES
- Be respectful: no harassment, hate speech, bigotry, and/or trolling
- Keep the conversation nice and light hearted
- Encourage conversation in your post
- Avoid controversial topics such as politics or societal debates
- Keep it clean and SFW: No illegal content or anything gross and inappropriate
- No solicitation such as ads, promotional content, spam, surveys etc.
- Respect privacy: Don’t ask for or share any personal information
Casual conversation communities:
Related discussion-focused communities
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Don't managed funds have lower growth and significantly higher costs than index funds?
Yeah I tried one of those a while back and was pretty dissatisfied with it. All it did was lose money each month due to "fees". Felt like a scam. So I pulled the money out and put it in a high yield savings account instead. I've seen a ton of growth with that. Being a moneybro investor absolutely was not for me.
That's my impression as well. I would recommend making a free account with Schwab or Fidelity and putting your savings in SPY