Hello Reddit,
I'm 28 years old at the moment, and I finally finished paying off all my debt (student loans, credit cards, and car payments). I currently have 13k in a 1 percent interest savings account (Ally Bank went from 2.2 int to 1.25 unfortunately), and I put 9k into stocks (worth 11k at the moment).
I'm able to save about 2k a month, and I've been putting in about 65 - 70 percent of that into savings, and the rest into my personal stock account. That percentage does vary depending on whether I see a good deal on any long term stocks currently going at a discount.
I'd stay my stock portfolio is pretty safe and diverse, but, by no means am I a financial expert in the stock market, and with the housing market expected to fall next year I'm wondering if I should put all my money into my savings in case an opportunity to buy a house at a discount pops up, or if I should stop putting money into stocks and just go the safe route with a Roth IRA?
I have to definitely say I feel blessed to even be in this position in the first place where I can choose where my money goes, but, I definitely want to make the right moves going forward.
Submitted May 29, 2020 at 07:34PM by dkongos https://ift.tt/2Xdggm0
