#1
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25yo - Where do I start?
I'm looking for advice on how to start working with money or even simply being pointed in the right direction to learn more.
My situation: I graduated two years ago and have been working since. As I start to make more money I realize I'm not quite sure what to do with it, currently it's all sitting in checking accounts wasting any potential. Being somewhat new to the workforce I only have 25k or so free to work with but I'd like to become more active with it. My questions: I'm familiar with some of the passive choices but don't know what would be best suited to my situation or even if the low risk/low return route is even a good option for someone who's young and flexible. Advice? On the other hand, I'm entirely new to what higher risk choices I have. I'm young and have a stable income so not really risk adverse. Is 25k on the small side for me to want to learn more about investing at this point? I seem to remember reading somewhere that if you can't purchase a reasonable volume of stock, your return will always be underwhelming. Advice on investing or other options? Any advice would be much appreciated in both options I may be unaware of or ways to educate myself. Thanks in advance. |
#2
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Re: 25yo - Where do I start?
Well for starter starters get that money in a high interest savings account, $25K should get you at least an extra $120 per month in interest until you find something else you're comfortable putting your money in to.
www.bankrate.com |
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