Im only 24. Wouldn't it be better to put it into a mutual fund? Stocks arr too risky and it serms like the odds are stacked against the little guy in regards to making money. Im lookung to invest about $20, 000. The rest ill leave ib my account. I am a college student but I have the GI bill so it pays for everything
Mutual funds obviously require more of an investment to maximize the profit. I benefited by buying in right when the economy hit a recession. I figured it could only improve from here, and I nearly doubled what I put in. Stocks are very risky, but since you have no real obligations you can take more of a gamble.
You don't have a big rent to pay? If you can live cheaply and still buy some property, that might be good.
You're only 24 and you have disposable income so that's why you may be able to be more agressive towards the stock market as opposed to someone older and living on a fixed income budget for example obviously wouldn't be the best candidate for stocks. Anything worth making good money at invloves risk. Might as well do it while you're young and able.
Save it for retirement in an IRA. The earlier you get that thing big enough, the less you'll have to work when you're old. No need to spend it. You're always a medical emergency away from being poor in this country!
Do not save; invest. If you don't want to risk investing in anything, then do something with that money rather than just sticking it in a savings account and forgetting about it.
depending on how much you have saved up, property is always a "FUN" investment, perhaps flip a condo. otherwise government backed bonds and notes are a safe bet. Stocks are a LONG TERM investment unless you are trying to day trade, but that takes way too much time (retirees or rich people who dont gotta work day jobs) since you gotta roll during the market hours. just my .02
