I am looking for advice on the best way to invest ,000.00 I recently turned 26. I am not looking to purchase a home until my late 20’s as I may need to travel/relocate within the next couple years for work.
I do have a 6 month emergency fund available, and I am able to pay all bills with my current income, so I will not need the K for at least a couple years. I don’t have much credit card debt, but I do have a Car loan like 0 PM.
I am looking for the highest rate of return, and I am open to taking investment risks. I would like to learn about /, but I don’t know if I have enough experience/knowledge to start myself, and wouldn’t know where to begin with this sum of .

Any input/suggestions appreciated!

 

  • Laissez-Faire Guy 5:06 am on February 12, 2010

    Given the short time horizon (a couple of years) and that you have consumer debt, your best rate of return will be to pay off the credit card and auto loans, unless you got a really sweet deal on them.

    Congratulations on having a serious emergency fund. I heard a report that 60% of families have no savings at all.

    If you to invest in the market because you think the economy will pick up soon, you could invest in a total stock market mutual fund like Vanguard’s Total Market fund. It’s low cost and will diversify you big time.

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