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I'm 22 and I have some money in my company's 401(k). I'd like some input on my strategy, if you don't mind.

I bought about $300 of strictly stocks this morning. Obviously, I want to be as aggressive as possible (within reason). I reinvested the dividends they declare. That's all the trading I plan on doing this year. Next year I want to buy in to a mutual fund with about $3000, and put everything from then on into the fund, possibly play with 10% in strictly stocks.

My question is, should I buy into some sort of index fund now, sell the index when I accure the $3K and then buy into the fund or leave my contributions in the money market? Can I even do that? Am I being foolish (in a bad way) buying stocks?

Any feedback is greatly appreciated.

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