I think the best piece of advice that could be given to new investor is to consider the time for which you can put this money aside

At the start basic saving generates much more growth of your investment than any hedge fund can bring you, so your first priority is to learn “to not need” this money for a long time

After you’re able to hold this money sitting in the bank for a year, you can open an account at a broker and put your savings into total market index which will barely outperforms bank’s deposit interest.

It’s alright, you shouldn’t rush the process. After sticking to total market index, you’ll venture into S&P and get your first substantial loss – which will scare you a lot – and after a few quarters you’ll get your annual 10%.

Investing is a bumpy ride, start very slow (by simply saving) and you’ll get further