Investing Help

Any advice is appreciated...

I have a decent sum of $ in a savings account - this is not retirement or emergency money, I have separate funds for that. This is $ originally intended to be a downpayment on a future home but it isn't needed immediately. Obviously it is gaining no interest in a savings account but I don't think I'm willing to take the risk and invest in stocks. Can anyone offer advice? I'm looking for moderate risk, basically I'd like to see the money grow a bit but don't want to lose it all. I know I can see a financial advisor I was just looking to see what others do.

Thank you!!!

Investing Help

Do you have a ROTH iRA?

You can set up an account with Scotrade or TD Ameritrade. Some require an initial deposit of $2500 but others don't (like TD Ameritrade). Diversity is key.

Stocks are important to have. And it's a long term thing and over time, it works. The goal is to have your money make money.

I've done well with recession proof stocks: tobacco, fast food, liquor etc. basically things that people will always indulge in. Old standbys are always Apple and Amazon.

You can discuss your goals with an advisor. Also check out the investing forums on Reddit! Lots of info.

Re: Investing Help

Your time horizon and the amount of money you have will drive this investment decision. Do you plan to use this money in a year, 5 yrs, 10 years? It makes a huge difference.
If you don't have an advisor consider talking to a few different professionals. You can always start with your bank. Do you or your DH have any resources through your workplace? Local brokers like Edward Jones are worth a chat.

Investing Help

Thanks for the info! I should add that I don't need the money immediately but would like to access it in the next five years and it's over $100k. We have retirement advisors through work that manage our accounts. Maybe I should start there. A friend suggested municipal bonds but again I'm clueless.