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amother




OP
 

Post Sun, Sep 19 2021, 10:51 pm
Any recommendations for financial advisors that can help us with investing?
Very little money... but we're putting away about $5k a year in savings for marrying off, and I just read that if you just save the money and don't invest it, it actually depreciates and you're left with less than you started out with.

So I need someone who can help me and set it up so that my savings go into the investment every year (or month) and I can take it all out in about 15 years.
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amother




Phlox
 

Post Sun, Sep 19 2021, 11:07 pm
You can do it all by yourself. No need to pay a middleman for a small amount of savings.

Open a Charles Schwab account.
Set up recurring transfers and begin with a low risk index fund such as SPY and based on its long history, it averages 10% gains annually.
No fees
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amother




Navy
 

Post Wed, Sep 22 2021, 9:15 pm
amother [ Phlox ] wrote:
You can do it all by yourself. No need to pay a middleman for a small amount of savings.

Open a Charles Schwab account.
Set up recurring transfers and begin with a low risk index fund such as SPY and based on its long history, it averages 10% gains annually.
No fees


Following.

I don't even understand what this means.
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amother




Orchid
 

Post Wed, Sep 22 2021, 9:28 pm
amother [ Navy ] wrote:
Following.

I don't even understand what this means.


She means that there are mutual funds that follow the S&P 500 - which mean they invest in the same stocks as the S&P.
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