Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
Investing even relatively small amounts of money monthly or weekly into an indexed mutual fund or similar at a young age should result in substantial growth and returns over 30 years or so.
Financially speaking, yes, absolutely. It's "easy" and rather low risk. Yet... being on Lemmy I assume a lot of people reading this advice do care both about technology and privacy. Such funds often support, rationally, "winners" which right now would include e.g Meta, Microsoft, Google, etc. They could also include big banks with questionable practices, e.g HSBC, or "energy" company that basically stick to oil. This kind of companies might be at odd with what people want to support. I would thus suggest to check "how the sausage is made" by understanding which stocks are actually part of the fund.
Yeah, I can't argue with that. I try to avoid funds that have significant investment in weapons manufacturers. If a person's needs require a minimum level social and/or environmental awareness, there are tools in the Fidelity research system that show that kind of thing. This may be limited to specific stocks and not funds though. I can only speak about Fidelity since that is my only point of experience.