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Started By
Message
Need some investment advice
Posted on 5/27/15 at 6:13 am
Posted on 5/27/15 at 6:13 am
I'm currently back in school. I am a veteran. I completed 4 years in the military and I have 10k I'm looking to invest. I don't know which route I should take because a savings account has done absolutely nothing for me.
Cd, brokerage account, etc
Cd, brokerage account, etc
7
Posted on 5/27/15 at 6:57 am to Brunedog
Vanguard ROTH IRA-plenty mutual funds/ETF's to choose from
dividend paying stocks with the remainder or hold for next years ROTH contribution.
I would say Real Estate as it's my #1 investment vehicle but you do not have enough for that right now.
dividend paying stocks with the remainder or hold for next years ROTH contribution.
I would say Real Estate as it's my #1 investment vehicle but you do not have enough for that right now.
Posted on 5/27/15 at 7:02 am to Brunedog
I agree. $5500 into a Roth IRA (I use Fidelity) but many here suggest Vanguard as well. You should familiarize yourself with their fund selction tool and educate yourself on risk factors and expense ratios. Pick 2 different funds to diversify some, but you should have almost everything in equity (stocks) and very little or none in bonds.
Throw in another $5500 in January for 2016 and then you can either put that into the same funds or pick 2 more to diversify further.
Throw in another $5500 in January for 2016 and then you can either put that into the same funds or pick 2 more to diversify further.
This post was edited on 5/27/15 at 7:03 am
Posted on 5/27/15 at 7:07 am to Brunedog
Thanks for your service boss. 
Posted on 5/27/15 at 7:55 am to Brunedog
Thanks for your service! 
We need a little more information. A Roth would probably be ideal, but you must have an earned income. If you're a full time student, that may be an issue.
With that amount, I would consider the Vanguard Total Stock Market Index- Admiral Shares.
We need a little more information. A Roth would probably be ideal, but you must have an earned income. If you're a full time student, that may be an issue.
With that amount, I would consider the Vanguard Total Stock Market Index- Admiral Shares.
Posted on 5/27/15 at 10:18 am to Brunedog
I think the primary question that needs to be answered is when will you need this money?
Posted on 5/27/15 at 11:46 am to Brunedog
Question is when do you need money and what purpose. If never/retirement then above suggestions are correct.
If soon to pay for school then open a La Start Savings 529 account. La will match a min of 2% upto max of 14% depending on you AGI from last years tax return. But you will have to use the money for school once you put in there.
If soon to pay for school then open a La Start Savings 529 account. La will match a min of 2% upto max of 14% depending on you AGI from last years tax return. But you will have to use the money for school once you put in there.
Posted on 5/27/15 at 7:45 pm to Oenophile Brah
I'm a full time student and I don't really need the money just looking to invest it
Posted on 5/28/15 at 12:02 am to Brunedog
Self directed Ira into equipment financing with a guaranteed double digit rate of return.
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