What should I do with my money?
I just graduated from college and am now working full-time with a great job. What advice can you give for what to do with my money with regards to saving and investments? I have already started contributing to my company's ROTH 401k. I have a basic savings account with my bank where I put extra money every month which I haven't spent. What other tips do you have? Investments? If so, in what? Thanks!
Public Comments
- buy shares..
- Invest in stock, you can invest money in serton companies and they will take care of the stocks for you. It is free, and you make money. You seldom loose any. Just make sure you invest in the right companies.
- suzeorman.com This woman is amazing and believe it or not, some of the ways you're saving your money, isn't in your best interest.
- give it to me muhahahaha lol but seriously put it in the bank let it earn intrest stock markets too risky
- Well it sounds like you're doing a great job of investing your money to prepare for your future. But there is more to life than having money later. A Christian thing to do is to give away 10% of everything you earn. If that's not for you, or if you just have LOTS to spare, think about doing something for yourself. Or if you have a significant other or family, consider doing something for (or with) them.
- saving is for suckers. when you retire, government is just going to take it from you and give it to the less fortunate (i.e. those who were smart enough to spend their "savings" early in life)
- First & foremost, stay away from credit cards & loans. The only loans you should have are for your house & car. I would say save up a healthy deposit for them & buy them soon. Also its very important to take a few insurance policies & invest in unit trusts. If you have enough money it will be wise ti invest in property as its value grows quickly.
- I saw this on some financial news thing the other day, some lady named Suze (something), who's a financial analyst said something about ROTH IRA's are probably the best thing to invest your money into these days. but ignore that.... if you got some extra cash, you should invest in the Chris Is Broke foundation.... i just started it today, so any contribution would be helpful and most appreciated. haha, just kidding.
- Max out the amount on your 401k, the more you put in now, the more you will have for retirement. Compound interest is an amazing thing. Run some simulations, the difference is in starting early is substantial. Otherwise, go with the stock market, your young, take risks and think long term.
- http://hsbcinvestment.co.in/ provides investment oppurtunity,investment banking, investment services, stock investment guide.
- Buy a house.
