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[deleted] t1_j2dpd1m wrote

Reply to comment by CelticsWin7 in $50 isn't much, but I want to start somewhere. by lost_girl_2019

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CelticsWin7 t1_j2dr7nh wrote

Yes from a brokerage account, Roth IRA, , HSA, etc.

You can open up all these accounts on Fidelity, that's what I use.

Also most 401k's should have a low cost mutual fund that mimics the S&P 500

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MelonMemes t1_j2dr3sb wrote

Just purchase an ETF such as VOO, IVV, or SPY. You can purchase any of these through a brokerage just like you would any stock. And I would recommend maxing your Roth IRA every month before contributing to a taxable investment account to avoid taxes on the gains in the far future

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kruel1 t1_j2frq73 wrote

I think I’m trolling myself, because I’ve been putting money into the fidelity index funds because after my reading that’s the kind of fund I thought dca applied to. Is it better to go for one of these etf instead? Is it more efficient because of lack of an expense ratio

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