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Investing advice needed

R

raildogg

Lifer
I opened up a high yield savings account recently and have purchased a few stocks. I want my money to not just sit there, but to actually do something. Hopefully to grow.

I'm having a hard choice to make. Should I put more money into the savings account or put it into the stocks that I bought? Of course, the safer route is the savings account. But it is boring 😀 and unless it is a huge amount, the interest is not going to be terribly great.

What would you do?
 
Stocks are going kind of crazy right now. Investing in them is higher risk than normal, but the gains are also potentially larger than a CD. Look at World Savings if you have at least 10000. They have a 5.51% CD for that amt.

It will be hard to beat that short term in stocks unless you know what the hell you are doing...
 
If you're going to throw money into stocks at least read up on finding good ones. Read Warren Buffet, Ben Graham, and Motley Fool,
 
If you don't know what to do and for those who do know, you should consider investing in:

Vanguard's Total Stock Market Index Fund (VTSMX)
or
Vanguard's Target Retirement 2045 Fund (VTIVX)

or similar mutual funds in another mutual fund company. Go to Morningstar.com and read the Vanguard Diehard's forum. Also search for recommended reading.
 
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