I got my engineering degree in Computer Science in 2015 and I have been working as an SDE(Software Development Engineer) since then. I never moved out of my parents' place since everything was very convenient so I ended up saving almost all of my salary ($80k an year). After taxes, I get 2 week direct deposits of around $2.5k.
I had no clue what to do with the money so I ended up opening an Ameritrade account and investing around $12k in Facebook and Microsoft stocks (I'm a big supporter of both). I bought FB when it was ~$119, now it is ~$152 so it has been working out well.
My questions are: Is there anything else I should do? Or should I just keep putting all my money in stocks? So far I have invested $20k in these stocks because I don't know how else to use the money. Am I on the right track or am I just being clueless? Also, I am kind of scared about putting money every month into my Ameritrade account. Isn't there a chance I can just lose all that e-money due to some unexpected catastrophe? Any advice or criticism would be appreciated. Thanks!
Edit: I don't have any college loans to pay for my undergraduate degree, but I want to save for grad school.
Submitted May 04, 2017 at 02:48AM by personalfinancenoob1 http://ift.tt/2pAlZ4M
