I am not AJ, but here are my 2 cents, 3 cents (get it?  ), saving and investing are not 2 things, but go hand in hand. As AJ mentioned don;t wait to accumulate 500K. Whatever you have invest in say vanguard index shares (VTSMX), or S&P 500 index share. Say you have 10 K to start with. Invest 8 K in the index funds and keep 2 K in bonds/short term investment. Then keep ading to it every month (Dollar cost averaging). Above all, don't panic when markets go down. Keep buying in up and down markets. Invest for the long term, don't be a day trader or try to find miracle stocks.
Ofcoure, make sure you have enough savings apart from that to cover emergencies, so don't invest all you have got. You do need 30 - 40 K in savings, and on top of that anything can be invested. |
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