Anonymous asked in Business & FinanceInvesting · 4 months ago

What advice would you give someone who has managed to save $50,000 and they want to invest into passive income?

What is the best course of action for someone who has saved 50k knowing that they want to invest into something, but they don’t know how to get started?

8 Answers

  • 3 months ago

    Buy dividend paying stocks.

  • Mark
    Lv 5
    4 months ago

    I second Vanguard. They are pretty damn good at what they do in the marketplace. Very solid (as much as passive investments can be), and with a long track record.

  • 4 months ago

    Take the lazy approach. Buy shares of an index fund. It's simpler and safer than trying to pick more specific investments.

  • Bryce
    Lv 7
    4 months ago

    Invest with Vanguard. They have extremely low fees, free advice, good mutual funds, ETFs, and it is owned by its customers.

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  • Maxi
    Lv 7
    4 months ago

    Go and speak to an independant financial advisor

  • 4 months ago

    See one of the major investment companies (not a bank).

  • 4 months ago

    Be skeptical about anything marketed as passive income, because you are THAT guy's passive income.

  • Anonymous
    4 months ago

    Find a Financial Advisor, larger banks have them, there is Edward Jones, etc. who can and will advise you. They are worth using.

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