Should I move out or keep saving
- Thread starter AlwaysLurkin
- Start date
@Domingo Halliburton put this youngin up on game....
Domingo Halliburton
Handmade in USA
Haven't really read this thread but look into broad based ETFs that follow something like the S&P 500. Vanguard usually has the lowest cost ones.
Do what works for you. If you want to move out you'll obviously won't be able to save like you are doing now.
You can go wrong. The market is at an all-time high. It all depends how quickly he'll want to access the money. If we're talking long-term, by all means, get in an index fund. If you want that money soon, you're taking a risk by investing in something like SPY.
long term a roth IRA would be good for him right now as well. i am in a somewhat similar situation to him and the time to get into a roth is when youre in a lower tax bracket
bonds
But really, there are some oil-based energy companies whose stocks are kind of low right now and could dip lower. They have possibilities of rising again in the future. Errbody needs crude oil.