Im going to be graduating school in about 5 months, and ill finally be making money.
Im taking Jakes advice (from a post long long long ago) about saving 50K, then buying house(buy must be a great great deal), staying in for a year, then selling. blah blah blah… not the point of this topic.
But anyway… the question I have is this…
While im saving, (about a year or so, reall hardcore saving) what should I put my money into?) Inflation could be coming… how should I be smart with my money.
- Should I just keep it cash and put it in my closet? (Probably not… lol)
- Put it in a bank? (Interest rates so low, its pointless)
- Stock Market boring utility stocks (something I wont lose my arse on)
- Other options???
Im just wondering on what you people would be doing out there if you were in my sitution? Im going to be saving, and ide like to use that money is a smartest way possible until Im ready to use it for investing. After I get out of school im going to really be doing some hardcore learning to figure out my next plan is, but first… gotta save. Its really important that I dont get to risky, because I would kill myself If i SAVED and lost it all because I was overly aggressive. There will be times for being more aggressive after I have actually accomplished myself more.
Sorry for the long rant, any ideas?