Hey all,
Some facts:
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I am 26.
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I have a 6+ month emergency fund of $10k at a bank that gives me 5% up to $10k for jumping through some easy hoops. I also have a separate savings account at Ally where I allocate the money for my $5500 Roth contribution every Jan 1. Currently at a balance of $4k.
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I contribute 10% to my 401k (company matches $ for $ up to 4%, but not vested for about another 2 years).
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Company offers 3% pension plan, but also not vested in this until October, 2019.
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I contribute $5500 to my Roth IRA at Vanguard every January 1 and have done so for the past 3 years. Balance is currently just shy of $20k. It is invested in Target Date Fund 2055 (VFFVX).
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My salary after some minor OT is around $40k. This is not enough for me to increase my 401k contributions while still max my Roth $5500 out per year and still increase my savings account for a possible house purchase in the next few years. Increasing my income is a main priority of mine as of right now.
Anyway, back to my main question and the purpose for this discussion. I set aside $1000 to mess around in the stock market and am curious what platform /r/personalfinance thinks I should use to invest that $1000.
Considering a large portion of my money is already with Vanguard, this is obviously an option. However, I currently also have a Robinhood account with literally $20 in it. $10 of which is free stocks from referrals (Sirius XM and Chesapeake Energy) and the other $10 I invested in Safe Bulkers after doing a little bit of newbie research.
I am just not sure what the best vehicle would be for the $1000. The perk of being able to soon invest in cryptos as well for a portion of that $1000 is obviously in my mind as well.
Thoughts?
Edit: Also wanted to summon /u/wijwijwij as I would like your opinion as well in case this gets buried.
Submitted January 30, 2018 at 09:52AM by thenatureboy_ http://ift.tt/2rUOYU4
