Please any advice or suggestions would be much appreciated.
1) 70,000 money market
2) 170,000 S&P 500 index fund
3) 30,000 international stock market
My plan is to have a emergency reserve of 70,000 in money market. If a hot investment comes up, I could always take money out of money market and invest as I choose.
Second is too have a majority of my money 170,000 in a moderate risk S&P 500 index fund for at least 5 years. Im thinking of just leaving this money in there and forgetting about it.
Third is to put about 30,000 in a high risk stock such as international. But I don't know where to invest. Did research but still unsure. China has been doing really well but some say they'll crash others say they'll keep rising. So confusing. Since stock market tends to do better long term, I plan to leave it for at least 7 years.
My plans decent?? Please ANY advice, comments or suggestions would really help.
Im 23 & and want max growth without being to risky. 9-14% would be good
2007-12-13
16:22:46
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6 answers
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asked by
leeLV
1