Low Risk Investing for Beginners 💸

Can't figure out how to make your birthday money or first job earnings grow? We'll make it easy for you! Learn about how to invest your money as a beginner, and the basics of finance such as interest and compound interest. This skit will teach you about low risk investment options such as a savings account, where you can make your money grow passively. Wether you're in high school or a student in university, it's never too early to start being savvy with your money and save for the future!

[@Blue-AmoungUs]

I learned this last semester in my math class, glad it’s actually a irl problem😅

[@Addiiiii-hz8oi123]

a LOT of ✨interest✨ HAHHA

[@The-Book-Wizard]

Man this is helpful!

[@StreetCents]

great!

[@beccalife275]

Investments are risky. But they fund the economy

[@blockchainbreakdown2009]

This is dumb....if your setting up savings for a kid...do a passive ETF dont let them touch it till they are 35 via a trust....way way way better than a savings account.

[@user-bu1sb9mt4u]

you do lose money. in a stable economy with a 2-5% inflation rate, this could work- but we don't have a stable economy (American POV). regardless of fed stats, look at groceries. look at rent, at the housing market. the bubble isn't burst, and things will continue to increase, daily, monthly, and yearly. for the average person, compounding interest isn't a viable option in today's market. educating people on economics is well and good, but blind advice never works.

[@TheTechCguy]

This is only partly true. Diversify into everything, while utilizing your savings account and low risk investments as sort of a safety net. That way, if s*** is hitting the fan with the market with those stocks and ETFs, at least you have cash to fall back on. 👌💯

[@arpitashah7464]

More eloboration on ETF please?

[@biggamefreak]

An ETF means “Exchange Traded Fund,” - a mutual fund (a portfolio of different stocks/securities) that trade on the stock exchange (New York Stock Exchange.) People like ETFs because the fee is very small compared to traditional mutual mutual funds (0.03% vs 1-2% for a classic comparison), you can buy/sell ETFs anytime because it trades like a stock- hence “exchange traded” and you can buy as little as little as even a fractional share to get started. The most popular kind of ETF is an S&P 500 ETF which tracks the 500 largest US listed companies in the world. BlackRock’s IVV, State Street’s SPY, and Vanguard’s VOO are your most popular/efficient and cheapest options. Their fee is 0.03% if you choose IVV or 0.09% if you go with SPY. They represent the lowest fees in the market. Hope this helps.

[@arpitashah7464]

@@biggamefreak ahh thanks

[@Nonz.M]

"High-yield" interest savings accounts are a joke. The national average APY is .5%. Very few pay over 3% and even then, with annual inflation rate, you're barely making a profit. You're better off investing in the S&P.

[@karldavar]

I'm sorry to ruin the mood but this is TERRIBLE idea!

[@Jojo-nd8dh]

the sweat marks tho hahaha