I am 23 and have recently graduated from college and have a good job ($42,000 per year salary + bonus). The only debt I have is about $20,000 in student loans. I have recently begun buying stocks, but I only have about $1,500 invested right now. My stocks are doing pretty well, but I don't have enough invested right now to make any significant gains. I would like to continue to invest more money as I earn more, however I am not sure what my best option is at this point. Should I continue to buy individual stocks, or should I invest in mutual funds or even Roth IRA? I feel that I'll get dinged by taxes if I continue buying stocks and don't start taking advantage of some of the tax benefits associated with IRAs or Roth IRAs. Any advice???
2006-12-08
02:09:07
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15 answers
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asked by
Ken Kaniff from Connecticut
2
in
Investing