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/biz/ - Business & Finance

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53247309 No.53247309 [Reply] [Original]

>no car
>no gf
>26
>Good job

I save around $1,700-$2,000 a month, I just don't know what to do with it. Should I buy gold and silver? Invest in GICs? What do?

>> No.53247351
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53247351

Invest in yourself

>> No.53247564
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53247564

>>53247309
Don't put it all in the same bag. That's the best bet you can do. Also think if you want to open a business later in life. Having a goal helps, trust me. Can be everything. Even if its just having the money to travel for a year. Read about DCA. Best thing in your situation

>> No.53247570

>>53247309
I opened a high interest savings account on lending club. They are giving 4% APY right now and payout monthly, so trying to put 10k into that. They paid me $4.24 last month for only putting in like $1500 so far.

>> No.53247593

>>53247309
hsa = 3850
ira = 6500
401k = 22500
total stock mkt index. you're welcome

>> No.53247702

>>53247564
>Don't put it all in the same bag. That's the best bet you can do. Also think if you want to open a business later in life. Having a goal helps, trust me. Can be everything. Even if its just having the money to travel for a year. Read about DCA. Best thing in your situation

Right now I have around $15K in precious metals (gold and silver). I'm thinking of spreading it out and going for some GICs (guaranteed investment certificates), they have a low return, around 4%. I also never opened a registered savings plan. As for business, I honestly don't know, I'm in the Navy right now and don't know what business I would start.

>>53247570
>I opened a high interest savings account on lending club. They are giving 4% APY right now and payout monthly, so trying to put 10k into that. They paid me $4.24 last month for only putting in like $1500 so far.
Yeah that's what I'm planning.