The problem is, I have next to no knowledge in this realm of financial wisdom.

What are some good, safe options?

You admit that you have no knowledge in this area.

This illustration shows young people investing in gold.

Successful investors will tell you not to invest in anything you dont understand.

You know what you dont know.

Thats a valuable asset.

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Lets use your lack of knowledge to your advantage.

What you DO probably know is that gold prices are soaring right now.

That happens when investors get nervous for a host of reasons best left to your economics professor to explain.

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The dollar actually is declining.

Add U.S.-China tensions to the mix.

No Interest Til Almost 2027?

There are plenty of people who will pretend that they do.

Some of them will take huge risks based on their predictions.

A few of them will profit, while many will come out on the losing side.

Plus, prices have already surged.

Whenever you make investment decisions based on the news, you risk buying high and selling low.

You dont need me to tell you thats not financially prudent.

Yes, your investment loses value if the stock market drops.

But historically, the stock market has increased in value over time.

TheS&P 500averages annual returns of around 10%.

you could buy an ETF by opening an onlinebrokerage account.

If youre earning income at a job, opening aRoth IRAto start investing is also an option.

Leave enough to cover at least three months expenses in your savings account tocover emergencies.

Doing so evens out the price you pay over time.

The beauty of this strategy is that you dont really need to acquire financial expertise.

It sounds like you have a solid financial foundation.

You already have $10,000 saved.

Your student debt sounds manageable.

Take a break from the news if its making you antsy.

No making investment decisions based on current events.

Time is your best friend when you invest, and right now you have plenty of it.

Robin Hartill is a certified financial planner and a senior editor at The Penny Hoarder.

Send your tricky money questions to[email protected].

(Can you sense my millennial sarcasm there?)

You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…