Where should I place my money for investment if I am making 43K a year?
I want to buy a house by the time I am 30 years old but it seems like an impossible task?
Should I invest my money in an IRA, CD, or simply let it sit in my savings account? I thought about investing in stocks but I think I will have to learn more before I jump into it.
Where should I be placing my money with my current salary and at my current age and my current goal (of buying a house) ???
I know I should diversify my money into the various topics that you all have mentioned.
I am still not sure if there is a correct formula or recipe i should follow...
(ie. 30% in mutual funds, 40% in IRA, etc.)
Also What are Money Market Funds? Should I place my savings into these funds for now?