A 30-year-old seeks investment advice on Reddit, focusing on low-cost ETFs for steady investing.
A 30-year-old seeking to invest $5,000 per month turned to Reddit for advice on where to put his money. Redditors suggested investing in ETFs that track the S&P 500, offering broad exposure to various industries, with tech stocks playing a significant role. They also recommended ETFs following the Nasdaq-100 for its tech-heavy concentration. Redditors emphasized the importance of investing in low-cost ETFs with expense ratios below 0.20% to minimize fees. Passive management and low expenses were highlighted as key factors in successful investing. Actively-managed funds with high expense ratios were discouraged in favor of low-cost ETFs. 1. The FDA has approved a new drug for the treatment of Alzheimer’s disease, marking the first new treatment in nearly two decades. The drug, called Aduhelm, has shown promising results in slowing the progression of the disease in clinical trials.
2. The U.S. economy added 559,000 jobs in May, exceeding economists’ expectations. The unemployment rate also dropped to 5.8%, down from 6.1% in April. This marks a positive sign of recovery as businesses continue to reopen and hire more workers.
3. A cyberattack on the world’s largest meat processing company, JBS, has disrupted operations in North America and Australia. The company has reported that the attack originated from a criminal group likely based in Russia. This incident has raised concerns about the vulnerability of critical infrastructure to cyber threats.
4. The G7 summit in Cornwall, England, concluded with a commitment to donate one billion Covid-19 vaccine doses to developing countries. The leaders also discussed climate change, economic recovery, and global security issues during the summit. This marks a significant step towards addressing the global challenges posed by the pandemic.
Read more at 1. Amazon announces plans to hire 125,000 employees in the U.S. for the upcoming holiday season. – finance.yahoo.com
2. Tesla’s stock price reaches an all-time high of $900 per share, making Elon Musk the world’s richest person. – finance.yahoo.com
3. Delta Air Lines reports a $2.1 billion loss for the third quarter due to decreased travel demand during the pandemic. – finance.yahoo.com
4. Apple unveils the iPhone 13 lineup with improved cameras, faster processors, and longer battery life. – finance.yahoo.com
5. Facebook agrees to pay $14 million to settle claims of job discrimination against female and minority workers. – finance.yahoo.com: ‘Finally In A Place Where I Can Steadily Invest’