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Originally Posted by ktmarvels
What are you planning on doing with this money? Is it for retirement, savings for the eventual down payment, for a trip, an emergency fund? Each of these would probably have a different answer. Your emergency fund should probably be in a high interest savings account or CD. Retirement though could afford to be more risky and in mutual funds/stocks.
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Retirement is a "Yes". I'm already funding my company 401K at 8% and I have a Roth IRA that I currently have funded at roughly $2,200 on the year.
Yes on the emergency fund. I want a pot of money, put away, that is going to collect interest but isn't locked away to the point that it's not liquid. Given I'm in no financial danger right now, figured a 24 month CD might work?
Investing for a house. The timeframe is a little "ways away" on this, so I'd rather seek a moderately agressive investment vehicle to earn money towards buying a house. I think a historically well performing mutual fund may be appropriate?
I'm not really seeking single stock trading.
I'm also not well versed in the bond world, so some help there would be appreciated.
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