Looking for advice on the best way to invest $20,000 as someone in my mid-20's??
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I am looking for advice on the best way to invest $20,000.00 I recently turned 25. I am not looking to purchase a home until my late 20's as I may need to travel/relocate within the next couple years for work.
I do have a 6 month emergency fund available, and I am able to pay all bills with my current income, so I will not need the $20K for at least a couple years. I don't have much credit card debt, but I do have a student loan.
I am looking for the highest rate of return, and I am open to taking investment risks. I would like to learn about investing in stocks/mutual funds, but I don't know if I have enough experience/knowledge to start myself, and wouldn't know where to begin with this sum of money.
Any input/suggestions appreciated!
Looking for advice on the best way to invest $20,000 as someone in my mid-20's??GET OUT OF DEBT... STAY OUT OF DEBT!! USE THE MONEY TO PAY OFF YOUR DEBTS, AND THEN INVEST THE REST IN A ROTH IRA (A long-term retirement fund with investement options). YOU ARE VERY LUCKY TO HAVE THAT MONEY, BUT DEBT IS NO FUN... PAY YOUR DEBT!
Looking for advice on the best way to invest $20,000 as someone in my mid-20's??You might $5K each into a domestic equities small-cap fund, a domestic equities large-cap fund, an "emerging markets" fund, and then a broad-market tracking "ETF" like SPY, DIA, or even IWB (if you are "conservative").
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