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Message
Best way to Invest 5k
Posted on 9/22/14 at 11:33 am
Posted on 9/22/14 at 11:33 am
I know its not alot, but its what I have to work with and its not doing anything sitting in a savings account. How, where, what should i do with it. Never messed with the stock market, but Im willing to risk a little and see where it takes me.
Should i get a local investor, try my own on E-trade. i really dont have a clue.
TIA
Should i get a local investor, try my own on E-trade. i really dont have a clue.
TIA
4
Posted on 9/22/14 at 11:35 am to Elusiveporpi
VTSMX
Posted on 9/22/14 at 11:55 am to Elusiveporpi
quote:
I know its not alot, but its what I have to work with and its not doing anything sitting in a savings account. How, where, what should i do with it. Never messed with the stock market, but Im willing to risk a little and see where it takes me.
Is this 5k all the "savings" you have, because that is what it sounds like.
Posted on 9/22/14 at 11:57 am to Elusiveporpi
UGAZ - buy today...jk. but i did. 
Posted on 9/22/14 at 11:59 am to Teddy Ruxpin
No, this is not all the savings I have, This is what I have to invest.
Posted on 9/22/14 at 2:29 pm to jimbeam
quote:
VTSMX
Good advice. You can open a Vanguard account on-line and they'll debit the funds directly from your bank account. You can handle the entire transaction in ten minutes.
Posted on 9/23/14 at 8:07 am to Elusiveporpi
If I were you, and if anyway you could do 6k vs 5k, I'd do 3k each in vtsmx and vdgix.
Posted on 9/23/14 at 8:15 am to ItNeverRains
quote:
I'd do 3k each in vtsmx and vdgix.
What are the differences between this and a roth? Can I get whatever I put in these accounts whenever I want to similar to a roth or is there a holding period until I can access this?
I am in a position where I am maxing roth, matching 401k from work and have a comfortable amount in my savings and thinking this is the kind of fund I will probably invest in with any extra money I have now.
Posted on 9/23/14 at 8:27 am to YankeeDoodle
A roth is just tax treatment of an account. You can hold the same type of investments in a roth, traditional, custodial, single/joint, etc
Posted on 9/23/14 at 10:54 am to ItNeverRains
quote:
If I were you, and if anyway you could do 6k vs 5k, I'd do 3k each in vtsmx and vdgix.
Wouldn't he be better off cranking as much as possible into one fund to get those sweet sweet Admiral shares as soon as possible?
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