How the wealthiest Americans got rich may surprise you
. . . go slow, pay yourself first, use the 20% you pay yourself each pay check to buy index funds, hold them till retirement. Use Roth IRA's, and 401(k)'s first, especially if the 401(k) has an employer match. If your income is too great for a Roth IRA, invest in a traditional IRA and then the next day convert to a Roth IRA. Assuming this is still available as an option.
More after the page break.
Which index funds?
I believe every asset manager has index funds, if not switch to one that doesI use Schwab so here are the three models I use:
Model I: 75% Schwab Total Stock Market Index®, or Schwab 1000 Index® Fund, and 25% Schwab International Index Fund®
Model II: 50% Schwab® S&P 500 Index, 25% Schwab Small Cap Index Fund®, 25% Schwab International Index Fund®
Model III: MarketTrack Portfolios you choose your risk level, young should choose more risk.
Equity Index Funds: Schwab Brokerage: Index Funds
Index Funds: Charles Schwab: Schwab MarketTrack Portfolios
I am unaffiliated with Schwab, I only use them as my investment manager.