Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Thanks to everyone for their advice. To answer JB's questions:

1) My first goal is to set up an emergency fund. I'm leaning toward placing what cash I do have saved into the ING 3.15% savings account. So far, this seems like the best option.

2) I consolidated my student loans in time to take advantage of the low interest rate. This is a monthly payment I can't shake off since I don't have the means to pay it off. I assume it would be best to factor the cost into my monthly budget and then invest accordingly. And I have no credit card debt.

3) My motivation for this is to save for retirement (waaay down the road) and to also create some wealth in order to have a more flexible lifestyle in the future (i.e. traveling, etc.). I'm an editor at a magazine so my salares won't be skyrocketing anytime soon.

Taking investment risks won't be so bad as long as I adhere to a plan.
It'll take some time to wade through the muck and find how I want to invest, but every piece of advice helps.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement