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Economy

spooky3

(36,758 posts)

1. A financial expert once told me that if I wasn't going to spend

Reply to FirstLight (Original post)

Mon Aug 28, 2023, 05:55 PM

Aug 2023

Lots of time researching stocks etc., to put money in an S& P index fund, which invests in a wide variety of stocks, to mimic the performance of larger companies in general. So, you could sell and move the money there. However you should first get tax advice.

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Be gentle, Stock Market is all new to me so I have questions: [View all] FirstLight Aug 2023 OP

A financial expert once told me that if I wasn't going to spend spooky3 Aug 2023 #1

HEY, spooky3! elleng Aug 2023 #3

Hi elleng! spooky3 Aug 2023 #4

yes, our broker-dude is on it...already saved us a bunch of taxes! FirstLight Aug 2023 #5

s & P index does that for you at the end of each year. Poor performers are dumped and replaced. 3Hotdogs Aug 2023 #12

I'm 'spreading the pain,' elleng Aug 2023 #2

Buy an index fund. mahatmakanejeeves Aug 2023 #6

If they were inherited them you might have options IbogaProject Aug 2023 #13

my father in law, a very highly placed executive at a company you all have heard of lapfog_1 Aug 2023 #7

I've done well with companies with multigraincracker Aug 2023 #8

For most of us, investing in the market is like playing poker in a game Chainfire Aug 2023 #9

Stocks enable you to benefit from growth in the economy bucolic_frolic Aug 2023 #10

May I suggest... Think. Again. Aug 2023 #11

I really love this take... FirstLight Aug 2023 #16

Questions to ask Warpy Aug 2023 #14

The Dow Jones average is based on 30 major stocks MichMan Aug 2023 #15