BCarpenter87
Confused about dryer sheets
I stumbled across this board, and it seems to be exactly the information I've been looking for. My wife and I consider ourselves financial savvy, and we're looking to get started with some investments. We've just finished paying off all college-related debt. Here is our situation:
Age: 25/24
Income: ~95-120k
401k balance: 25k (contributing 10% including match in the target-date 2050 accounts)
Debt: 130k Mortgage (4.5% APR) ~45k Cars (~3% APR)
Emergency Savings: 10k
So thats my situation. I feel very comfortable. Part of me wants to add more to the Emergency Savings, but truthfully we're in very good health and both of our jobs are pretty guaranteed for 5+ years.
So, that leaves me with about $6k on hand by the end of this month, and another 10-15k throughout the year that I don't want to keep in the bank for fear of spending it. I want to begin investing but I don't know where to start. I'm not really interested in retirement funds, since I'm fairly certain that I'd like to retire early, and i don't want to have to wait until I'm a minimum age to take out the money (if I want it). I'll let the 401k handle that part.
Does anyone have a recommendation for an investment company? Any specific types of funds? Low fee index funds? I understand the terminology, but I really have no experience on how investing really beings. I would really appropriate a direction.
Thanks
Age: 25/24
Income: ~95-120k
401k balance: 25k (contributing 10% including match in the target-date 2050 accounts)
Debt: 130k Mortgage (4.5% APR) ~45k Cars (~3% APR)
Emergency Savings: 10k
So thats my situation. I feel very comfortable. Part of me wants to add more to the Emergency Savings, but truthfully we're in very good health and both of our jobs are pretty guaranteed for 5+ years.
So, that leaves me with about $6k on hand by the end of this month, and another 10-15k throughout the year that I don't want to keep in the bank for fear of spending it. I want to begin investing but I don't know where to start. I'm not really interested in retirement funds, since I'm fairly certain that I'd like to retire early, and i don't want to have to wait until I'm a minimum age to take out the money (if I want it). I'll let the 401k handle that part.
Does anyone have a recommendation for an investment company? Any specific types of funds? Low fee index funds? I understand the terminology, but I really have no experience on how investing really beings. I would really appropriate a direction.
Thanks
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