I've never invested before: where should I start with $3,000?

I make almost $90,000 a year and I am 30 years old. I want to invest $3,000 into various funds, but I don't know where to start. I don't mind some risk.

Investing, Starting Out
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5 days ago
93% of people found this answer helpful

If you are starting with amounts as small as $3,000, you are better off buying index funds.  Split the money between large, mid and small cap indices.  I am sure the other responders will give you lots of ideas.  Once you have a decent nest egg you can build a portfolio of individual stocks.  Don't try to trade, or time the market.  Just invest constantly and steadily regardless of market conditions.  

I am adding a response because the savings rate is so low in this country that I hope I can do my part to improve it by repeating over and over on Investopedia that you've got to put money away.  My suggestion to you is to "pay yourself" $1,000 per month.  Deposit the money into a brokerage account at the same time you pay your rent, your utilities, etc.  Do this in addition to your 401K deposits, if you are making them.  (I hope you are.)  If you are 30 and have never invested you are late to the game and need to catch up.  You need liquid investments of 20 times your living needs by the time you retire.  It's sooner than you think.  Good luck.

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