So this is a question I’ve been asking around quite a bit these days. I’m a 25 year old guy, I’m currently working two jobs and I have a little over $4000 saved in a savings account that has a .50% APY. Now I know that this isn’t that much money but it’s all I’ve been able to save thus far (It hasn’t been a full year yet since I started working these two jobs). I have no debt to pay off, I’m currently living with family so my rent isn’t that big of problem nor is my utility expenses, so I have a bit of leverage when it comes to investing, the question is— where do I invest and how?
I’m no financial expert and to be completely honest I have 0 knowledge on how these investments truly work, but I’ve been reading a lot of financial articles and investing books just to give me an idea on how it’s like. The reason I want to start with just $1000 is because if anything goes wrong (which I’m hoping nothing does lol) I at least have the remaining $3000 saved up in a secure place. If there’s anyone out there that can give me some tips or pointers on where to start off, I’ll greatly appreciate it! Thank you for your time.
Submitted January 12, 2021 at 04:00AM by IamAlexandersson https://ift.tt/38CzAyS
