Confused on what to do with my savings

Seeking Advice/Help
1

I have about $10,000 that I want to invest, as my savings account only yields about $100 a year. I’ve heard of savings CDs and dividends, but I’m confused about my options. I hope to find some advice on safe investments that aren’t high-risk.

2

Keep 3-4 months of expenses in a high-yield savings account as an emergency fund (try CapitalOne or AMEX). For the rest, consider using brokers like Webull or TD Ameritrade to invest. Look into conservative ETFs like VOO from Vanguard or the S&P 500 (SPX) and Berkshire Hathaway (BRK-B). There’s always market risk, but long-term investments can pay off. Also, consider reading ‘The Psychology of Money’—it’s a short, insightful read. Best of luck!

3

@Teal
Did you mean ‘physiology’? I can only find ‘Psychology of Money’—am I missing something?

4

Amar said:
@Teal
Did you mean ‘physiology’? I can only find ‘Psychology of Money’—am I missing something?

Yes, it’s ‘Psychology of Money.’

5

Amari said:

Amar said:
@Teal
Did you mean ‘physiology’? I can only find ‘Psychology of Money’—am I missing something?

Yes, it’s ‘Psychology of Money.’

Thanks!

6

Amar said:

Amari said:
Amar said:
@Teal
Did you mean ‘physiology’? I can only find ‘Psychology of Money’—am I missing something?

Yes, it’s ‘Psychology of Money.’

Thanks!

You’re welcome!

7

Amar said:
@Teal
Did you mean ‘physiology’? I can only find ‘Psychology of Money’—am I missing something?

Sorry, typo!

8

Keep in mind that more risk typically equals more potential return.