Author Topic: What to do with extra cash  (Read 2448 times)

tejas

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What to do with extra cash
« on: June 08, 2014, 09:23:46 PM »
If I have extra cash, how do I invest it. I have brokerage account. Your thoughts on options? Any other avenues?

taekvideo

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Re: What to do with extra cash
« Reply #1 on: June 08, 2014, 11:09:30 PM »
Great problem to have huh? :)
If your 401k/ira and such are already maxed then just open a taxable account and invest there... more stocks ^^

secondcor521

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Re: What to do with extra cash
« Reply #2 on: June 08, 2014, 11:25:52 PM »
Depends on what you mean by "extra".

Ideally you should identify your financial goals first, assess your risk tolerance and capability second, then establish an investment plan.  That would then tell you what to do with that "extra" cash.

Lots of choices for investments.  Stocks, bonds, mutual funds, collectibles, real estate, commodities, and furthering your education and skills are the main categories I can think of off the top of my head.

Also lots of choices for avenues, but it sorta depends on the kind of investment.  Brokerage accounts, direct investments with fund companies.

If it's truly extra I'd suggest finding a charitable cause that is near and dear to you and contributing to that.

Read.  Learn.  Decide.

Good luck.

arebelspy

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Re: What to do with extra cash
« Reply #3 on: June 09, 2014, 08:54:35 AM »
Invest it according to your AA and IPS.
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
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