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WandererLagomorph799@lemmy.ml

nieceandtows@programming.dev

nieceandtows@lemmy.ml

Totally clueless with investing, $100k sitting in the bank earning 0.05%. How do I get started? Please advise. (lemmy.world)

submitted 2 weeks ago by nieceandtows@lemmy.world to c/personalfinance@lemmy.ml

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I have been putting part of my paycheck into a high yield savings account, but haven't bothered with investing it in a responsible manner partially due a fear of losing the money due to bad investments. I'm finally realizing how much potential money I've lost by letting my money stagnate. Please advise me on how to responsibly invest my money, thanks!

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[–] wesker@lemmy.sdf.org 35 points 2 weeks ago (6 children)

Talk to a professional financial advisor, not us idiots.

[–] astrsk@fedia.io 10 points 2 weeks ago (4 children)

How does one find a good financial advisor? How do you spot flakes or bad ones?

[–] Kalkaline@leminal.space 1 points 19 hours ago

The need to be acting as a fiduciary which has a legal definition.

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