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?
- Raymond L.Lv 512 months ago
Buy dividend paying stocks.
- MarkLv 512 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.
- StephenWeinsteinLv 712 months ago
Take the lazy approach. Buy shares of an index fund. It's simpler and safer than trying to pick more specific investments.
- BryceLv 712 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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- MaxiLv 712 months ago
Go and speak to an independant financial advisor
- The TaxpayerLv 712 months ago
See one of the major investment companies (not a bank).
- G. WhilikersLv 712 months ago
Be skeptical about anything marketed as passive income, because you are THAT guy's passive income.
- Anonymous12 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.