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Ever since I was a kid, my mom told me to save -- not necessarily for anything in particular, but just to save.
Anyways, so I'm 24 and have a bunch of random accounts. I'd like to come up with a strategy that allows for growth and a small amount for some "fun" investing. I tend to invest in $3-5000 lots, as I feel that much less, you don't really reap from the gains.
I primarily do my day to day banking with Chase due to the large number of branches here making it easy ATM access and deposits (plus ATMs in Walgreens all over the US). I'm trying to consolidate my accounts and make the best investment decisions. I occasionally day trade, but seem to prefer mutual funds due to not having to watch the market every day.
Mutual Funds (percentages are from when purchased) Vanguard:
Vanguard Strategic Equity Fund - VSEQX - $6,117 (+23.99%)
Vanguard Wellington Fund Investor Shares - VWELX - $5,790 (+14.67%)
Vanguard Health Care Fund Investor Shares - VGHCX - $4,464 (+11.6%)
Vanguard Energy Fund Investor Shares - VGENX - $3,947 (-1.31%)
Credit Cards: Chase Freedom MasterCard - $1,500 CL
Chase Freedom Visa - Rotating Categories - $15,500 CL
Chase Amazon Visa - 3% Cash Back Amazon - $3,000 CL
BOA Cash Rewards 3% Cash Back Gas - $5,000 CL
Fidelity Amex - 2% Cash Back ALL - $8,000 CL
Notes:
BOA Savings helps me earn an additional .1% cash back on my BOA credit card
Fidelity Cash Management allows for FREE ATM withdrawals worldwide
Ever since I was a kid, my mom told me to save -- not necessarily for anything in particular, but just to save.
Anyways, so I'm 24 and have a bunch of random accounts. I'd like to come up with a strategy that allows for growth and a small amount for some "fun" investing. I tend to invest in $3-5000 lots, as I feel that much less, you don't really reap from the gains.
I primarily do my day to day banking with Chase due to the large number of branches here making it easy ATM access and deposits (plus ATMs in Walgreens all over the US). I'm trying to consolidate my accounts and make the best investment decisions. I occasionally day trade, but seem to prefer mutual funds due to not having to watch the market every day.
Mutual Funds (percentages are from when purchased) Vanguard:
Vanguard Strategic Equity Fund - VSEQX - $6,117 (+23.99%)
Vanguard Wellington Fund Investor Shares - VWELX - $5,790 (+14.67%)
Vanguard Health Care Fund Investor Shares - VGHCX - $4,464 (+11.6%)
Vanguard Energy Fund Investor Shares - VGENX - $3,947 (-1.31%)
Credit Cards: Chase Freedom MasterCard - $1,500 CL
Chase Freedom Visa - Rotating Categories - $15,500 CL
Chase Amazon Visa - 3% Cash Back Amazon - $3,000 CL
BOA Cash Rewards 3% Cash Back Gas - $5,000 CL
Fidelity Amex - 2% Cash Back ALL - $8,000 CL
Notes:
BOA Savings helps me earn an additional .1% cash back on my BOA credit card
Fidelity Cash Management allows for FREE ATM withdrawals worldwide
Is there a reason you have so much "uninvested cash" in your brokerage accounts?
You can make it work better with some online savings accounts - decide how much of your assets you want in cash and put it there. The rest should be invested. Avoid having single stocks amount to too much of your net worth and also avoid having bonds and debt at the same time, except a small amount (~10% of net worth) to allow for rebalancing.