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5500 into VASGX (aggressive and diversified Fund-of-Funds), in a Roth IRA right away.
$4,500 + the $5500 that I would have put into the IRA anyways, I would put into a checking account (slush/emergency fund) or a traditional IRA (to lower taxable income). If those are filled or I don't need a trad IRA, then I would buy individual stocks which have a proven long-term growth pattern(100 minimum) and sell covered calls for the premiums. If the stock gets called away, I collect the gain + the premium and the only losing hand occurs if the stock tanks and doesn't regain its value (or if it goes way up in value, I'd be kicking myself, momentarily...)
^ You would be better off with an actual Compact Disk which has investment value (like Signed Jimmy Hendrix). Good luck with a Certificate of Deposit...
^ You would be better off with an actual Compact Disk which has investment value (like Signed Jimmy Hendrix). Good luck with a Certificate of Deposit...
Who needs luck when you are getting over 3%. Smart people make smart choices.
^ You would be better off with an actual Compact Disk which has investment value (like Signed Jimmy Hendrix). Good luck with a Certificate of Deposit...
Ha, now that would be an easy-to-spot fraud. Jimi Hendrix was dead long before Compact Disks were invented.
Similar to Teckeee, but I've been putting my cash in Money Market Mutual Funds since 2009. When the market crashes, I will transfer it to my Stock Mutual Funds.
IF you already own a house, and IF your car is paid for, and IF you have no credit card debt, and IF you have no student loan debt, and IF you have several months income stored up in an insured savings account, I would consider reading "The Richest Man in Babylon" and applying the principles outlined in the book.
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