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| Posted by | Message | TDsngumbo 
LSU Fan
Member since Oct 2011
2424 posts
| Got a new job and will have $500 more each month to invest (Posted on 4/7/12 at 9:17 am)
Where should I invest it? I already invest in my IRA each month and put some aside in my savings account each month. Now I'm going to have over $500 more each month to invest. Where is a safe place to put that long term?
| | Back to top | Share on  | GoCrazyAuburn 
Auburn Fan
Member since Feb 2010
9239 posts
| re: Got a new job and will have $500 more each month to invest (Posted on 4/7/12 at 9:22 am to TDsngumbo)
What are you looking for in the investment? Reduce your portfolio's market risk? High risk, high growth?
| | Back to top | | TDsngumbo
LSU Fan
Member since Oct 2011
2424 posts
| re: Got a new job and will have $500 more each month to invest (Posted on 4/7/12 at 9:32 am to GoCrazyAuburn)
I'm looking for moderate risk to high, moderate to high growth for the long term.
| | Back to top | | TigerDeBaiter
LSU Fan
Member since Dec 2010
2381 posts
| re: Got a new job and will have $500 more each month to invest (Posted on 4/7/12 at 10:13 am to TDsngumbo)
As far as vehicle advice, I would follow these steps:
1. Maximize your company matches to your 401k (if available)
2. Max out Roth IRA
3. Max out HSA (if qualified)
4. If there is any left over throw the rest at your 401k.
If your company doesn't match skip to step 2.
Just my 2 cents.
| | Back to top | | Lou
LSU Fan
out here in the middle
Member since Aug 2005
6689 posts
| re: Got a new job and will have $500 more each month to invest (Posted on 4/7/12 at 6:35 pm to TigerDeBaiter)
quote:
1. Maximize your company matches to your 401k (if available)
2. Max out Roth IRA
Absolutely do this. If you already have, I would pay down my mortgage early. That's not an investment tip, just telling you what I would do.
If you are asking for a specific type of investment, like stocks, bonds, gold, mutual funds, etc. I wish I knew. It takes a lot of time and research - and even luck - to be good at that. Quite frankly, it bores me to death to do that kind of research, especially when your best efforts still do not guarantee a profitable return.
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