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Forum
-> Household Management
-> Finances
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amother
OP
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 Wed, Oct 04 2023, 1:45 pm
I need help how to save - and grow - my spare money, asap.
I have this paralyzing anxiety that I will lose my job and lose all my money and I need to start investing.
But I’m completely clueless.
I want to do serious investments.
How do I begin? Where do I go?
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amother
Offwhite
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Wed, Oct 04 2023, 1:50 pm
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Is this the best idea? I'm a very big proponent of investing. But for people with strong anxiety, they often make the absolute worst decisions at the worst times and are better off with safer options.
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amother
OP
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Wed, Oct 04 2023, 1:54 pm
That’s why I’m asking people without anxiety for guidance.
I think having extra cash lying around the house makes me anxious. I need it somewhere safe, where it can grow.
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justforfun87
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Wed, Oct 04 2023, 1:58 pm
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Read simple path to wealth. Do you have 6 months of emergency funds saved up?
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B'Syata D'Shmya
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Wed, Oct 04 2023, 1:59 pm
| amother OP wrote: | That’s why I’m asking people without anxiety for guidance.
I think having extra cash lying around the house makes me anxious. I need it somewhere safe, where it can grow. |
Perhaps a financial advisor you can work with?
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amother
Skyblue
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Wed, Oct 04 2023, 2:02 pm
| amother OP wrote: | I need help how to save - and grow - my spare money, asap.
I have this paralyzing anxiety that I will lose my job and lose all my money and I need to start investing.
But I’m completely clueless.
I want to do serious investments.
How do I begin? Where do I go? |
Read Chovos Halvavos and The Garden of Emunah.
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amother
Offwhite
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Wed, Oct 04 2023, 2:09 pm
| amother OP wrote: | That’s why I’m asking people without anxiety for guidance.
I think having extra cash lying around the house makes me anxious. I need it somewhere safe, where it can grow. |
I'm just nervous that you would panic and sell your investments at the worst times even if you invested wisely to begin with. Because every investment with better returns has some risk and goes up and down.
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amother
Rainbow
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Wed, Oct 04 2023, 2:16 pm
How much money are you talking about?
Is this in addition to 6 months of emergency funds?
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amother
Candycane
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Wed, Oct 04 2023, 2:16 pm
Learn emunah
Keep cash in a 5% savings account
Invest in mutual funds and real estate
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