1st thing is to have a nest egg set aside for emergencies, normally at least 6 months salary. Depending on your age, if young enough you can go into a slightly riskier mutual fund. If older bonds might be your choice. Maximize your 401K if offered and maximize your IRA. You might want to consider talking to an investment counselor, not a product salesperson but someone independant who will charge you for the info with no attachment to any company. If young, your money will grow much quicker than you think.
Investing in mutual fund is a good idea if you are having good amount. There are many mutual funds which buy government bonds so its safer compare to direct equity market.
Start by investing in a good mutual fund.
A book. therr are many- for first time investor books. that, and an account online with Amemitrade, or other online investing house. they charge you per trade, handle all the banking details.
when you have 20% down payment, buy a house and then rent it out.
Ive saved a few thousand dollars, but I want to think more of my future finances. So I want to know more about Investing money, for beginners.
