> Just graduate college
> Have a savings
> Want to invest $5k of it in Vanguard
> Don't know what
Can someone tell me SPECIFICALLY what to do with it? Not just like "oh do a mutual fund" - I mean Explicit as shit.
I want something that'll grow and help 20 years down the line.
I know it isn't much, but it's something I can think about and maybe watch grow while I pay off college debt for the next 6-8 years.
I'm 22 btw
> Owe $36k in Student Loans
> Just started a job, make 35k a year
> No judgement old I'm trying
> Preferably want an investment I can add pocket change to occasionally
No, here, I'm gonna help you beat the index.
You've got 5k right?
KMPH 1.5k
BVX 1.5k
SKLN 1k
CERU 1k
You'll be on Pluto before Monday.
>>1294744
I'm tempted!
But I'm not really trying to go to the moon this week. I just want something that will almost reliability grow for 15-20 years. Will this work for that?
>>1294744
What's with the drop of all those pharmaceutical corporations stocks?
How do you get a medium risk Vanguard?
Do you need a lot of money to get it going?
Do I do w mutual fund or ETF?
I just want to give someone my money and get 7%
>>1294752
Dear fucking god no. Pay debnts you'll get better return probably than market if you don't know what you're doing. Get a broker, VIG VOO VNQ SCHD. 25% in each.
>>1294758
They're pieces of fucking garbage with failed catalysts
>>1294834
Are those stocks?
>>1294954
Exchange traded market index funds. Yes basically stocks.
Go long on oil stocks.
>>1294739
open ira, vsagx, done
>>1295147
If your time horizon is age 65 do this
>>1294834
So these are each groups of stocks?
Would this be good to sit on for 20 years?
Is this an Index? Mutual Fund?
Can I start with 5k?
What should the breakdown be?
>>1295239
They are mutual funds which are similar to stocks, only you can buy parts of a share, using all your money. (Stocks only allow you to buy whole shares).
Do your own research when it comes to mutual funds. Everyone has a different tolerance for risk and there will be some with any mutual fund or stock. I am invested in VDIGX and VIIX.
Note: Most Vanguard funds have a $3,000 minimum investment
>>1295249
Thanks man!! That's great info. Screen capped and taking that advice . Going to make an account right when I get off work.
It's my 4th day of working a 8-5 and I'm already exausted of it. Hopefully this will give me hope again.
>>1294739
Or use it to pay down your debt
>>1294739
Wait until you get 10k and put it all in
Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). Expense ratio of 0.05%!
>>1295337
I'm already giving the bastards 500/mo
>>1295377
Forever poor
>>1295377
Keep the 5k as an emergency fund. Contribute to your 401k up to the employer match. I'm assuming you just started the job and are single. Therefore you agi is likely half of 35k. You get a tax credit for retirement contributions so if you're under 18500 for the year the gooberment will give you a tax credit of 50% of your contribution, not employer. If you're over 18500, you'll get 20%
Find the fund in your 401k that mimics the total us stock market and stick it in there.
Every other penny, pay off your debt and live like a slave for 1.5 years until it's gone.
I have just maximized your return with the least effort. Market may go down btw but you'll get matches an tax benefits.
If no employer 401k match, Roth Ira is best. Still get the tax credit from contribution. You make a low income so your write off would be low if you did a traditional Ira. I only said do 401k because of employer match if there is one
>>1295453
For Roth contribution do about 25 bucks a week. You won't miss it.
To get the tax credit look up retirement savings contributions credit on irs.gov. next year you'll make too much so you should try to get the credit this year.
All other advice is literally and mathematically inferior for a given amount of guarantee and risk. Investment vehicles may vary but ignore everyone else's shit advice unless it aligns with mine.
Source. 29 years old. Had 90k student debt. No fancy tax credits. 209k net worth. Green text is for poor fans not on mobile.
>>1295460
You can open a Roth through any brokerage. Vanguard. Td ameritrade. Fidelity etc. Just go on a website and hit sign up and choose Roth. Then you can look for a symbol to buy total market index etfs. Look for the lowest fee as its all the same shit.
Your biggest gain in all of this though will be to pay down debt faster.
>>1295239
one particularly nice thing about vanguard mutual funds is that you can set up automatic investments from your bank account.
afaik you can't directly automate buy orders for ETFs. you can automate withdrawals from your bank into a settlement account but then you might forget to buy the ETFs.
regardless of etfs vs mutual funds i would definitely automate the investing process. it'll help your money grow faster than you think because you dont have to think.
also http://www.investopedia.com/terms/d/dollarcostaveraging.asp. investopedia is your best friend for learning about investing
>>1295460
what career did you go into? i got into an ivy league but didnt go b/c would have graduated with 80k in debt.
i know i could have paid it off moderately quickly b/c im going into CS but at the same time why pay that much for college
>>1295362
this is ok but don't wait.
1) open a roth IRA on vanguard.com
2) fund your new roth IRA with the max contribution of $5,500
3) buy 80% VTI (this is the ETF version of VTSAX) and 20% BND
4) keep contributing the max $5,500/yr to your roth IRA
5) when you have enough in there, switch your investments up a bit (like >>1295362
says) to get a better expense ratio
in the meantime, educate yourself: https://www.bogleheads.org/wiki/Getting_started
>>1294739
This statue is in Virginia Beach. You live there too?
>>1295679
> Dave Ramsay be gone
