Investing?
Do any of you guys invest your money anywhere? I have an IRA that I put money into every month... but otherwise, I put all of my "leftover money" into my savings account where I'm earning a measly seven cents (or thereabouts) per year on my dinero.
So, I pose this question to you, peers -- what do you do with your money to make your money work for you? Obviously, I want to sink this into real estate as soon as I save up just a liiiittle more, but in the interim, I'm insulted at what Bank of America is paying me for the money I've stored with them...
posted by SuperBee at 4:43 PM
2 Comments:
I assume this is more a question for Laura, but I will try to give what little knowledge I have:
1. Put as much as you can into a Roth IRA every year.
2. Contribute as much to your 401K as possible every month (especially if your employer matches your contributions)
3. Assuming you know nothing about the stock market and aren't interested in speculating there, you could put your savings into ING. I think their savings rate is something like 4.5% a year. That's not too shabby, considering what banks give you.
4. Give the rest to me.
5:48 PM
Gold. And realestate. But mainly gold.
2:45 PM
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