Alright y'all - I'm pretty much a moron when it comes to investing so please no judgement, lol. This stuff just doesn't click with me but I'm trying my best. I'm 23 years old and looking to grow my income so I can ideally retire by 50.
I built up my 20k emergency fund. Employer-sponsored accounts with fixed deductions that I have are a 401k and HSA. I also just opened up my Roth IRA (Fidelity) that I maxed out for the year. So now after that, the leftover is that I have 3,000 sitting in my Fidelity brokerage account that I just opened. I have no clue what to do with it. My dad said to invest in an ETF but I don't even know where to start- there's so many. He suggested to me an ESG since he knows I'm someone who would prefer to have a clearer conscience for where I'm putting my money. But there's of course also the selfish part of me that wants to see my money grow - and I've seen mixed opinions on ESGs. I also don't know if I should invest in an index fund instead?
Idk, this is pretty scrambled, but does anyone have any advice for me? I'm only going to keep adding money to this account (very fortunate to be living at home and not paying rent - so pretty much all of my paycheck can go to it) and I want to know how to invest it wisely.
Submitted March 27, 2021 at 11:01PM by lizzoismymother https://ift.tt/3ryeNCO
