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Topic | Invest in stocks, or try to get a condo? |
Zachnorn 03/29/21 3:07:56 PM #34: | masterplum posted... Throw it all in SCHDNow those are some good-looking returns based on this! https://www.schwabassetmanagement.com/products/schd red sox 777 posted... Theoretically if you have no sense of the direction of the market other than that it goes up in the long run it's better to throw it in all at once. That said, I've come around to dollar cost averaging as being psychologically much easier to handle.That's my thing right now. I've been so broke that I couldn't afford a $5 college textbook and I was homeless at one point (with significant money, but not enough to rent/own according to lenders/landlords so my mom and I stayed with family/friends for a few months when I was a kid until we got this place). I'm looking at my TD Ameritrade account right now and it bugs me that I'm down $71 today and down $335 since I started. Like, I studied business (information and operations management, not finance) and I know stocks go up and down, but uncertainty scares me. That's how I ended up with so much cash, I guess. masterplum posted... IRA isnt what you want to do if you are planning on using the money before retirement. I would just throw it in an index fund for nowConsidering doing that. Is it a good idea to have a bunch of different index funds as a means of diversification or just focus on a few? I hear of people putting money in SPY and nothing else. Bartzyx posted... If you do not intend to use the money before retirement age, then always use a tax-advantaged account. You can only put in $6000 into an IRA, but you could dump 19.5k into your employer-provided account.How worth it is it to lock away funds for retirement? In a way, I like the flexibility and knowing that I could just take money out if I wanted to, but I don't know how much I'm really hurting myself in taxes that way. --- <D ... Copied to Clipboard! |
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