How should I be investing my extra cash?

Currently, I am investing in my employers 401K to the max as well as my Vanguard Roth IRA to the max. I also have an individual account with Vanguard (T-Bills) which is my emergency fund/big ticket down payment account. What do I invest in now? Currently, if I have anything left over at the end of the month, I’ve been investing in another index fund within my individual account. Basically, my current strategy is the keep the extra cash liquid, but I’m willing to gamble it.

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This entry was posted on Tuesday, June 22nd, 2010 at 6:59 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “How should I be investing my extra cash?”

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  4. Benjamin Franklin on June 22nd, 2010 at 9:21 pm

    First of all, make sure that you have enough money set aside JUST IN CASE you were to lose you job. I would advise you keep 6 months through 1 year of liquid cash. With that in mind, any additional money should be invested in the stock market. I have done the same, but instead of extra money, I invest a good amount of my monthly pay check in stocks. Stocks are VERY cheap right know. I project to see returns as high as 50-200%. Do your research and make sure the company you choose to invest in is financially stable and will be able to weather the recession. I have personally invested some money in Apple, Sprint, HIG, Wal-Mart, McDonalds, etc. I have diversified my portfolio, meaning instead of investing in just one company I have invested in multiple companies. Another good thing to keep in mind is that you may have to wait about 1-3 years. I hope to see returns within 1 1/2 years, but am willing to wait 4 years in total. There are going to be more though times ahead, but I think I will be able to make it with a good profit. I hope this helps and good luck.

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