I'm looking for advice on how to allocate my available funds to start getting my employees working for me. I'm a 24 year old graduate student, so my income does change from full time to part time during the year. Here's a breakdown of my finances:
Income: $30,000/year
Debts: None
Property: $18,000 (got a new car before becoming a Mustachian)
Investments: $4,000 in Roth IRA, $400 in retirement account (just started and university forces a 7% contribution each month)
Available cash: $5,000
I want to put most of the $5,000 in an investment account and add about $1,000/month to start saving for a house or just let it grow. I've been looking at Vanguard accounts (VBINX, VFINX, VTSMX) but I'm not sure which to go with if it even make much difference.
I'm a newcomer to investing so any help will be very appreciated!