Joined Jan 2010
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Forum Thread
Investment Suggestions
May 22, 2022 at
08:48 AM
in
Finance
(4)
Thread Details
Last Edited by slicbrat May 22, 2022 at 09:21 AM
Hello, I have around 40K in my bank account that I would like to invest in the market instead of collecting 0.000001% that my bank pays me. I am contributing fully towards my 401K, HSA accounts...etc. I also have enough savings in emergency funds apart from this 40K.
I would like to be able to invest this 40K in and would like to contribute about 1K every month on an on-going basis. I am looking for something conservative (about 5% growth if possible) and will not need the funds in the near future (atleast for next 5 years if not more).
Lastly, I do have accounts with Vanguard (my Roth, that I had opened in the past) and TD Ameritrade where I used to do stocks (but lost a bit and not interested in individual stock investments anymore).
I honestly, do not know where to begin. Any suggestions or thoughts are welcome on what kind of account I need to open any and how to give about investing in one.
Thanks in advance for your guidance!
I would like to be able to invest this 40K in and would like to contribute about 1K every month on an on-going basis. I am looking for something conservative (about 5% growth if possible) and will not need the funds in the near future (atleast for next 5 years if not more).
Lastly, I do have accounts with Vanguard (my Roth, that I had opened in the past) and TD Ameritrade where I used to do stocks (but lost a bit and not interested in individual stock investments anymore).
I honestly, do not know where to begin. Any suggestions or thoughts are welcome on what kind of account I need to open any and how to give about investing in one.
Thanks in advance for your guidance!
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I have looked at Bankrate and as long as the banks are FDIC insured and have a branch in the US, I am in but those with good interest today (3.85%) have crappy reviews.
I am exiting a large bank and looking for a good small one...
Any suggestions?
(PS I already know about I Bonds, I need these funds in a liquid acct.)