The honest fact is I am not highly enthusiastic about stocks either. However, to ignore stocks is to ignore the longevity of business, let alone the profitability; a diversified stock fund should be part of any long-term portfolio because companies as a whole do last. Now, even a diversified stock fund is a bumpy ride with the market whims; but it is a ride that is worth putting some money into—not because it is the fabled road to riches that people claim it to be, but because it is a reasonable investment choice.I am two years out of college with no debt at all and work as a Data analyst in Florida. I have 60k in a HYSA and 16k in my 401k account. I know I should be doing more with my money but I need some sugestions on what else to do.
S&P 500/ Stocks - I know this is mentioned a lot and I know this sounds silly but I never really liked stocks and it going up and down or possibly losing everything in a day. I also have never really done research on it but I will look into it.
Real Estate - I have been interested in investing in real estate two years from now depending on the market and I was going to do the 3.5% FHA loan and buy a duplex and rent out a unit. Real estate really has been my main interest.
Crypto - Just posting this so you guys do not suggest this. Crypto is a big no no and I do not like the concept of it at all
What else should I be doing or looking into to grow my money?
Even though real estate might be appealing, it is a risky business; you need to be careful as it is a fickle industry.
Bonds are a viable option, but I think at this juncture you should either stay with cash equivalents, CDs, or short-term bonds until you gain experience with the realized portfolio volatility.
Statistics: Posted by secondopinion — Sun Mar 02, 2025 12:26 am