Where should I put the money I save?

Question

I don't know where to put the money I want to save. I graduated college this past May and I just started my career. I am extremely frugal and I save every possible dollar. Where do I put the money? In a savings account? CD? Stocks? An IRA? In case of an emergency I would like to have access to it. I pay rent on an apartment and I have NO credit card debit, student loans, or any other kind of debt. So basically, where is the smartest place to put the money I save? Thanks.

Answer 1

bank about 4000 ,to run on ,let it fluctuate as you need it keep it filled up.then put your money in the stock market ,invest in companies you have grown up knowing ,the ones with longevity ,blue chip companies that pay dividends .don't try to play the market put it there and leave it,reinvest all dividends .keep 3 or 4 companies,reevaluate every 3-5 yrs to see if you can do better.

Answer 2

Check financial companies such as fidelity or Charles Schwab. Open a  tax free money market account.  Stash money there.  As the amount accumulates move some into Mutual funds. Mutual funds take three business days to cash in so you do have access to it. These companies can answer all your questions and help with a financial plan

Answer 3

I would put it all in Goats. Goats are the wave of the future.

Answer 4

I suggest keeping a few thousand in your checking...just to float around.  (encase an emergency should arise, or a bill is larger than expected)  

Then try a place like INGdirect.com.   The interest is higher than most banks, and your money is not on lock down.  (like CD's).

If you want to play in the stocks...be careful.  If your as frugal as you say your are, I don't suggest it.  Its almost like gambling....