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Well I am a 20 year old male trying to invest some money or save if you want to call it. Currently I've been saving in a regular savings account for about 2 years and have saved about $4,000, not a lot, but just setting some aside each month in there. Would keeping it in the savings account be a better idea or possibly investing some if it. I am trying to read up on stuff, but am getting lost . I was just wondering if anyone had any suggestions/comments, just trying to save/make a little money for when the time comes to start a family , lol. Thanks a lot for an comments!
What I've done is started up a Roth IRA at Fidelity...which some folks in here have told me would be best to keep up untill retirement (which I will!!). Otherwise I would suggest maybe putting it in a money market account. That way it's still easily accessible (just in case) and it has higher interest rates than regular savings accounts. Just some suggestions!
I'd agree with davfar's idea of a money market account, preferably a "liquid assets" account. All have a minimum deposit amount, but you can find several in your price range. Thus, you have a high-interest checking account with accessable money. Watch the annual fees, though. Try brokerage firms and banks, then compare.
1. 4000$=emerjensee kash fund.
Put 3000$ in munee market fund. Keep 1000$ in chek akkount.
2. Yu need tu save more B4 yu start IRA.
I agree with muneepenee. You need an emergency fund before you start investing. that is awesome you are thinking about this at 20!
Things you didnt mention: Do you already have an emergency fund and does your employer offer a 401k. Dont throw away money that is matched. first invest up to the matching point and then start a Roth. The emergency fund should cover 6 mos of all expenses.
I second the money market or a good savings account. You should have 3-6 months savings for emergencies before you begin investing in the long term plans.
I have mine at ING on their no fee Orange account. Nice return with no fees or minimum balance, and easy to get money out if I need it.
I have a regular savings account at emigrantdirect.com 4.55%apy. Also a vanguard ROTH. My DH has one at HSBC online bank 4.25%apy.
Suze orman has something going on with Ameritrade. I'm not sure the details or interest. but I know you can start it with a low deposit, $50 per month and after 12 months they give you $100. It has something to do with her book women and money but guys can do it too. I havent fully looked into it but I think Ameritrade is supposed to be pretty good.
I really love Emigrant. i've been with them for about 2yrs now. good interest and it typically only takes about 2 days to get my money. Which is nice for me because I cant just buy something on a whim I have to plan a little.
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. I was just wondering if anyone had any suggestions/comments, just trying to save/make a little money for when the time comes to start a family 
, lol. Thanks a lot for an comments!
