Would it make sense to continually buy stock with my leftover savings? I have a 3 month emergency fund and have taken the remaining leftover funds and put it into an index fund. Is there any downside to taking any leftover savings from my future paychecks and putting it into an index fund or a stable increasing stock such as visa?
I know my average cost per stock would go up and if the stock crashes I'm SOL. However, index funds and visa seem like sure bets. It seems like these stocks generate way more money than a savings account. If i need to buy a house within the next couple of years, I would sell some of the stock to buy the house. Are there any other downsides to this?
Thanks
Submitted February 16, 2017 at 02:14AM by RonaldReggin http://ift.tt/2lTZHX4
