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re: Investing Advice for a Noob
Posted on 2/1/13 at 10:48 am to foreverLSU
Posted on 2/1/13 at 10:48 am to foreverLSU
Yeah, I kind of agree with Fat Bastard. Save for a down payment for the next two years and leave what you have in there.
As far as getting into the market, best of luck. Not saying that money cannot be made, because it can, but money can also be lost.
One question, why not use the money for the purchase of a vehicle now? That $5,500 you invest could become $4,500 by the time you buy.
As far as getting into the market, best of luck. Not saying that money cannot be made, because it can, but money can also be lost.
One question, why not use the money for the purchase of a vehicle now? That $5,500 you invest could become $4,500 by the time you buy.
1
Posted on 2/1/13 at 11:04 am to OnTheBrink
quote:
One question, why not use the money for the purchase of a vehicle now? That $5,500 you invest could become $4,500 by the time you buy
I feel like I can get another 2 years out of my car. I have a 2003 Honda and its treated me well. Also, I'm getting married at the end of this year and with that comes saving for a wedding, honeymoon (Europe), etc. I'm trying to space out my major purchases. I have no debt to my name and I want to keep it that way.
So I have this $5500 and ideally that's the amount I'd like to put as a downpayment on a car + the trade in value I get for my Honda (will prob get a car valued around $20K). But I'd like to build on my current $5500 so that when I take out the money for a down payment I still have money to invest.
This post was edited on 2/1/13 at 11:05 am
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