FIRST TIME INVESTOR
Best way to invest $5k for beginners - what would you recommend?
Hey all, I’ve got $5k that I’d like to make work harder than sitting in a savings account. I’m learning about long-term growth and the power of compound interest, and I’m considering options like ETFs, managed funds, and stocks (but I’m open to other ideas I might not have thought of?). My goal is solid growth while keeping risk manageable. What would you recommend for someone seeking a relatively low-maintenance investment with good long-term potential? I’d love to hear what’s worked for you or any insights you can share!
Liam Thompson.
13 January 2025
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