I am about to receive my tax income and annual company bonus and would like to become more savvy with my money in savings. I have roughly 30K in savings, and 5K in several stocks (TD). Recently, I have begun researching S&P index funds to invest in, leading to a wormhole on the the pro and cons of commision free index funds. Let’s say I want to invest between 5-10K of my savings into the market, what would you guys reccomend I do? I am leaning towards passive index investing but am unsure if I should choose multiple funds for diversification.
Some additional information about myself: I am 25 years old, have no outstanding debts, and live in a comfortable apartment in the city paying a fair $700 a month in rent. Thanks to my company I will be earning my Master’s Degree next spring with no student loans. My company also matches 50% of my 401k. I am aware I much to learn about the market and would appreciate any resources you recommend I check out before I plunge into this realm.
Submitted February 20, 2017 at 09:54PM by dankeshanes http://ift.tt/2lgrX8R
