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Originally Posted by lewdog
There are NO safe stocks. In a market downturn or correction, even the big company stocks can be cut in half. If this is money you may need in a few years, don't put that on stocks. Example, don't put your emergency savings fund in stocks.
If this is money you may not need for 5+ years, I'd probably choose SPY or some of the big blue chip companies like AAPL, AMZN, V, DIS, MSFT.
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Right. I don't want you to think I'm about to throw every dime I've got in stocks.
It won't be a whole nest egg and it's 100% money that will not be needed any time soon (barring some sort of disaster).
Quote:
Originally Posted by Buehler445
Couple things, if you're capping out the IRA and still looking to invest, do the 401K. It does not affect your IRA limit and has a 17K cap per year.
The other thing you can do is set up ROTH. That will give you another 6K limit. and Roth is probably smart for the under 50 crowd, which IIRC you are.
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Yeah, I talked about it before but I had an old 401k that was rolled over into what I've learned is a traditional IRA. I've been meaning to get on the ROTH thing for a while now.. and, yes, definitely under 50.