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Posted 9:40 PM EST October 15, 2009
Posted by: daria26
Hello:
I have a question on investing. I am 28 y.o. earning 45000/year as a teacher. I own a condo, my mortgage is 1018/month. No debt except my mortgage. I have around 26,000 saved in money market earning around 1.5% I have around 1,200 per month in cash left over after I pay my bills. My question is: shall I invest it into my traditional IRA, or some other fund where I can get a bigger interest than 1.5%? My risk tolerance is quite high and I plan to leave the investments in there for at least 3-5 years. Thanks!
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I have a question on investing. I am 28 y.o. earning 45000/year as a teacher. I own a condo, my mortgage is 1018/month. No debt except my mortgage. I have around 26,000 saved in money market earning around 1.5% I have around 1,200 per month in cash left over after I pay my bills. My question is: shall I invest it into my traditional IRA, or some other fund where I can get a bigger interest than 1.5%? My risk tolerance is quite high and I plan to leave the investments in there for at least 3-5 years. Thanks!