Investment Wise: Young, and will have excess mula soon..

FortFunFoSho

Golden Member
Mar 7, 2002
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Thought of buying a house, but the problem is I might get relocated in a year or so, but whoever fills my spot could take the house or condo...

Or

Should I dabble more in the market: funds, stocks, etc..


This is after I have maxed out my Roth and 401k for the year...

Totally new to investing my money and haven't had the chance to read up on it so I thought I would ask you guys..

 

Shockwave

Banned
Sep 16, 2000
9,059
0
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If you think you may move, I'd hit the market with it.
If your think your gonna be there a while, a house is excellent, both because its a decent investment and more importantly, its GREAT having your own house.
 

DaveSimmons

Elite Member
Aug 12, 2001
40,730
670
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search invest for some other threads.

Savings & CDs at INGDirect might be the best choice if you want a house after you relocate.

S&P500 or other stock index mutual funds are always nice to have. Every year's worth of living expenses you can put away now could cover 4-5 years of retirment given historical returns from S&P 500 funds over 20 or so years.

www.fool.com is a good place to visit, though they're trying harder and harder now to sell add-ons like dubious stock-picking newsletters.
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
81
Originally posted by: DaveSimmons
www.fool.com is a good place to visit, though they're trying harder and harder now to sell add-ons like dubious stock-picking newsletters.

Agreed.

Also look for http://www.morningstar.com, sign up for a free two-week trial and check out their investing education center, there is some excellent information there.