Submitted by lost_girl_2019 t3_zzkmvy in personalfinance
MelonMemes t1_j2dr3sb wrote
Reply to comment by [deleted] in $50 isn't much, but I want to start somewhere. by lost_girl_2019
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
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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