How to go about investing

[Ryan M]

This will be a really basic question but with current events going on in the world, any insight would be appreciated. At the moment I have about 300k in my savings. I've never invested any money in my life and I'm 33 years old. I want to put my money somewhere safe where it's basically guaranteed to grow over time, even if it's just enough to keep up with inflation. Should I invest it all in the S&P 500? Should I put it in a money market for guaranteed returns? Should I assume the market with crash and wait until that happens to put it all in an index fund? These are basically the questions I'm asking myself, I feel like I really need to do something with it.

[aurum]

@Ryan M are you looking to retire on this money? How long do you want to hold it?

[Ryan M]

I plan on holding it for as long as possible. I don't see myself needing it anytime soon. Basically putting it away for retirement

[Ryan M]

I plan on holding it for as long as possible. I don't see myself needing it anytime soon. Basically putting it away for retirement

[Michael Sneg]

Just invest in some broad market index fund or ETF. It will return on average 7-10 percent yearly and thats it. If you want to nerd out on this topic I would recommend starting with this video.

 

[cjoseph90]

Unrelated to your question but how did you aquire that amount of money? Job savings, Inheritence? ect. Quite Impressive

[LordFall]

I would spend at least 10-100 hours researching it. I would avoid crypto if you're a low risk type of guy but I'd say the broader stock market is risky as well. At least put 10% in Bitcoin even if you're gonna go full S&P500/Index funds, it has too much potential upside in the near future to be avoided.