this post was submitted on 05 Sep 2024
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Personal Finance
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Thank you so much for the very detailed information! This is honestly the best direct advice I've gotten that is understandable for someone like me who knows nothing about it. I will use this info as a starting point and re-allocate my funds accordingly.
No worries!
One thing I didn't mention is value vs growth, and you'll see that a lot. Basically, "value" means companies that are undervalued by the market, and "growth" means companies that the market believes will continue to grow (i.e. higher dividends, established brands, etc). Funds that provide one over the other are betting that one will outperform the other, and people are on either side. I think that if picking winners was that easy, everyone would do it, so I instead just try to build a balance.
But anyway, there are a few resources I really like that can help if you want to dig further:
Have a great day, and don't hesitate to make another post here if you have questions.