[bengiswex]

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is it as simple as guaranteed return for the savings account versus the variance but possibility of higher returns of funds?

does it make the most sense to put some % in savings acct and the rest in index funds?

also, the money is currently in a mutual fund in fidelity. does it make the most sense to make all the moves from within fidelity?


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Good job for being active with your finances and asking questions. Don't apologize for wanting wisom.

To answer your first question, yes it is that simple. Higher return/risk vs lower return/risk. However, it can be difficult to gauge your future money needs. Sometimes people need the money and can't afford to lose it. For them, savings accounts are best. Other people have a lot trouble dealing with losses emotionally. For them, too, savings accounts are best. But if you have a tolerance for losses, or if you have a long horizon, then stocks are sensible.

If you plan on needing to use some money in the near future, put it in a savings account. If, however, you don't anticipate this, then I see no reason to split the money up. Put it all in stocks.

Since your money is already in Fidelity, then it would make sense to stay within Fidelity if you want less hassle.

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thanks for the replies everyone. sounds like the simplest move for me is to put a portion of it (maybe 30%) in a savings account for use within the next few years and the rest in stocks/index funds for a more long term investment. pretty simple plan but i wanted input before doing anything cause i'm like that.

oooooooor i'll just put it all on pstars for the 3/6NL multitabling investment plan. now thats being responsible.