Hi community,
A complete rookie when it comes to the stock market. I have started out simple by learning something I didn't have a clue about.
ETFs, Index funds, bonds etc.
I'm approaching investing from a cautious but excited standpoint and making sure not to invest outside my means.
With this in mind, I have been watching quite a few YouTube videos on what long term investors tend to gravitate towards. All the while keeping an open mind and using my own brain, as I'm aware no one has a crystal ball.
Banks offer next to nothing in the way of interest. As a result, in order to make any significant returns you already need significant capital. So I'm not going to be locking money up in a term deposit.
I guess my question is for all the seasoned investors out there, who have learned the hard lessons (which I know I can't avoid, just looking for some guidance). If I wanted to invest $5000 today and take my first step, what should I invest it in? and more importantly, why?
Thank you in advance for your time and consideration.
