facebookI just started my first job and I've set aside $500 a month to invest after deducting expenses and savings allocation. Where should I put my money? Looking for long-term investments in the stock market? - Seedly

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Anonymous

14 Oct 2020

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Adulting

I just started my first job and I've set aside $500 a month to invest after deducting expenses and savings allocation. Where should I put my money? Looking for long-term investments in the stock market?

Discussion (1)

What are your thoughts?

To read on what NOT to do in investing, You could read here:

https://seedly.sg/questions/what-is-your-genera...

what to DO is somehow difficult to recommend, every situation is different. it really should be very longterm and thus discipline and utmost patience is needed. Best past results over the last decades were attained with stock market investing. Nowadays that would not mean single stocks, nor expensive unit trusts, but large and cheap passive, ideally global, stock index ETFs. With 500/month you could invest 2000/quarterly to reduce 'relative' fees.

I mentioned some global ETFs under header #1.

With a zero fee broker like TD Ameritrade you could invest even monthly.

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