Life story- Im 23, purchased my home cash dec 2011. (savings from working for the 3 prior years)
unemployed, have associates degree in accounting, working on associates in bus management (then bachelors, then i plan to stop edu.) instant equity on home, i put 15k in repairs and now even in this market fair price i would earn 30k profit.
I have always been good with saving money. I have no debt, my SO pays the utilities as her contribution to rent since i purchased it outright.
I will only buy cars with cash, ect. i only have a credit card to build credit, but i always pay off balance to never pay interest.
I plan for the next 5 years (as i start my hopeful career in management and finish education) to only devote 5k a year to savings, after that, 10k + (just from extra cash) a year is easy if not much more (i like to think conservatively so i surprise myself later lol)
I do alot of reading but it is still all confusing. I am looking for LOW risk long term investments, basically a place to dump my money every few months and not want to look at it for 20 years, basically when i have extra money, ill put it there and forget about it.
looking for something simple, but even with my readings i dont understand
*the taxes ect
* bonds? stocks? ira? blah blah blah? portfolio? cds?
I dont mind doing the research if someone could throw some links my way (ive read alot on this siet already) or some phrases i could search.
I know the longer the money sits the better, so id like to get on it, hopefully to retire at 50 (ish)
best regards, casey james
unemployed, have associates degree in accounting, working on associates in bus management (then bachelors, then i plan to stop edu.) instant equity on home, i put 15k in repairs and now even in this market fair price i would earn 30k profit.
I have always been good with saving money. I have no debt, my SO pays the utilities as her contribution to rent since i purchased it outright.
I will only buy cars with cash, ect. i only have a credit card to build credit, but i always pay off balance to never pay interest.
I plan for the next 5 years (as i start my hopeful career in management and finish education) to only devote 5k a year to savings, after that, 10k + (just from extra cash) a year is easy if not much more (i like to think conservatively so i surprise myself later lol)
I do alot of reading but it is still all confusing. I am looking for LOW risk long term investments, basically a place to dump my money every few months and not want to look at it for 20 years, basically when i have extra money, ill put it there and forget about it.
looking for something simple, but even with my readings i dont understand
*the taxes ect
* bonds? stocks? ira? blah blah blah? portfolio? cds?
I dont mind doing the research if someone could throw some links my way (ive read alot on this siet already) or some phrases i could search.
I know the longer the money sits the better, so id like to get on it, hopefully to retire at 50 (ish)
best regards, casey james