Extra money advice | TigerDroppings.com

Posted byMessage
New Orleans
Member since Jan 2010
1930 posts

Extra money advice

I'm currently in a good situation with my job where I have extra money in savings and will continue to be able to save for about another year until I look to buy a house. I feel like it's no good to have it all just sitting in savings. My fiance has some in Vanguard's mutual fund, so I don't know if I should stay away from that and go with something else. I am obviously no financial guru. Any advice would be appreciated.

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South of Lafayette
Member since Nov 2005
12981 posts

re: Extra money advice

I'm far from an expert BUT if you don't already have a ROTH set up, do it. Now!

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tigers win2
Baton Rouge
Member since Oct 2009
1906 posts

re: Extra money advice

If you're going to be using this money to buy the house in a year; don't risk it. Keep it safe in shirt-term investments like money market or CDs. You wont make anything, but your not going to lose it.

This post was edited on 4/7 at 1:52 pm

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