Me and my wife don't have a ton of money, we look flat broke compared to what you guys have invested and accumulated. My wife has a 401k with her job and obviously that's staying. But we also have a little over $5000 in a regular savings account, which is earning basically nothing on interest. What I'm wanting to do is move about $2000 in an ETF such as Fidelity MSCI Information Technology ETF, and basically just leave it and maybe make smallish contributions every few months. I already have a brokerage account and have been messing with a few hundred dollars here and there, playing the stocks and trying to learn. That money we can afford to lose, but a larger amount would be hard to say goodbye to.
Is this a terrible idea? Is an ETF such as this a pretty safe bet to at least continue growing, even if slowly? Basically what I want is to get something similar to her 401k at work, a mostly safe investment that will grow, and that we can contribute to at will. I know it's not much money at all and I'm not planning on getting rich, I just want it to earn more than $.06/month on interest.
Submitted June 18, 2018 at 01:02AM by username1824 https://ift.tt/2lkb0tn
