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submitted 3 months ago by scytale@lemm.ee to c/personalfinance@lemmy.ml

I've been on an HSA+HDHP for a couple of years now and only realized recently the interest earned from investing HSA money is also tax free, so I want to start investing a part of my savings and see how it goes. I have 2 options, Betterment or Mutual Funds. I figured I'd try the latter to avoid fees, but I'm not sure which funds to choose. My HSA currently provides 30 fund options.

I see people mentioning Vanguard a lot so I spread out my initial investment into 25% chunks across 4 different Vanguard funds. How did I choose them? Well I literally just looked at the performance graphs and selected the ones that historically went up steadily without major dips. As a total noob, how can I improve my choices? Is there a simple way to decide without having to dive deep into the stock market?

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[-] berryjam@lemmy.world 1 points 3 months ago

If you have the time, read The Little Book of Common Sense Investing by Bogle. It will explain the principles most commenters are espousing here.

this post was submitted on 05 Sep 2024
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