this post was submitted on 18 Aug 2024
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[–] gi1242@lemmy.world 20 points 3 months ago

check where your retirement and savings are invested. buy a low cost index fund (fidelity and vanguard have great ones).

do not invest in any funds that have high fees. (there are plenty of good funds with fees around 0.1%)

I split my savings between:

  • total domestic stock index
  • total international stock index
  • cash/money market/bonds
  • a small amount in a sector fund with higher growth potential (e. g. tech) or risky investments