legend Posted July 14, 2018 Share Posted July 14, 2018 I'm maxing out my 401k and killed all debt at the start of this year. I took a bit of a hit to do that, but now I'm reaching a point where I have enough in my checking account that I should start saving it better rather than letting it all sit there. I'm also weighing what to do against the fact that I'm probably going to have to get a new car this year or next, which means I need enough fluidity + buffer to be comfortable doing that. Savings accounts seem like mostly garbage to me when I look at them. Getting a portfolio seems like a reasonable decision, but in these strange times, I'm a little hesitant about putting my money in stocks, even a well distributed portfolio. One option is to do a dividend based portfolio which is a little more stable, but maybe less chance for increased funds. Any thoughts on that? Those of you may remember I've asked a similar question before. But since I'm now past the point of taking care of the obvious (maxing 401K and clearing all debt), and because the market may be behaving a bit differently now, I thought I'd ping people again. Especially since I can no longer revisit that earlier thread I remember people had mentioned IRAs, although I think I can't take full advantage of that because I'm pretty close to the income line for a two person household. I also did buy the Random Walk Down Wall Street book on advice from this board before. I haven't read all of it, but it's been a good read. Still though, I'd benefit from other thoughts. Quote Link to comment Share on other sites More sharing options...
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