I'm a senior in college about to graduate. Still looking for a job, interviewing here and there. I have a modest amount of savings I've accumulated throughout my tenure at college (less than $10k but more than $5K, which is unarguably laughable to some of the big timers out there lol) and I'm trying to figure out what I can do with this instead of it just letting it rot away in my account. I'm aware that small capital = small gains, but hey, gotta start somewhere, right? Should I just wait until I get a full-time job and accumulate more capital and then start investing? What should I invest in? I actually wouldn't mind investing in some riskier assets/equity for higher returns, but I wouldn't know where to begin. Also, another question I have concerns 401ks. My plan is to max out my 401k contribution each and every single time, but I'm starting to wonder whether that's worth it, considering that that money will be locked away until I can take it out decades later. I'm sort of thinking that maybe I should contribute a modest sum (say, a couple hundred each time) and invest the rest of the money that I would be contributing into something else. Does anyone have any insight? I love nice things and love money, but I've come to terms that I need to live with as small a budget as possible and invest as much money as possible so I can take advantage of compounding gains. I really have no idea where to start, and while I do realize there are a lot of investor guides and books out there, I'd rather hear some surface level tips from SFers. After getting an idea of what would be best, I will look further into it, whether it be by books or advisors or whatnot. So yeah, where the hell do I begin? Thanks to anyone who takes the time to give me some advice!
post #1 of 58
3/17/11 at 1:25am