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re: Invesment options
Posted on 7/20/18 at 12:35 pm to Tigahhs97
Posted on 7/20/18 at 12:35 pm to Tigahhs97
20 and working or 20 and still in school?
Without knowing, I'd just say wipe out any consumer debt that you might have and then put the rest in an online savings account so that you can build an emergency fund of 3-6 months. If you've already got those things covered, I'd suggest some low expense, no load, growth stock mutual funds - and don't touch them or stare at their performance every day.
At your age, I'd focus first on being financially stable (learn how to budget, avoid consumer debt as much as possible, etc.) before I worried about trying to build wealth. Ya gotta have that stable foundation before you can build, right?
Without knowing, I'd just say wipe out any consumer debt that you might have and then put the rest in an online savings account so that you can build an emergency fund of 3-6 months. If you've already got those things covered, I'd suggest some low expense, no load, growth stock mutual funds - and don't touch them or stare at their performance every day.
At your age, I'd focus first on being financially stable (learn how to budget, avoid consumer debt as much as possible, etc.) before I worried about trying to build wealth. Ya gotta have that stable foundation before you can build, right?
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