Life will remain uncertain for a couple more years, and there is nothing that can be done to change this fact.
Anyways, we have an emergency fund that is large enough to pay our bills for the next two years. We also have some cash that would like to work for us. However, it wont be available till early next year. We're just doing research and learning what should be done with it. With this being said it could be ready sooner.
Have been pulling in some extra money this last 2 months - purchasing good used cars for $7-10k and reselling for a small profit. I drive them as my own, replace anything minor and insure they're in good running order, and have sold two vehicles earning me an extra $1250 profit from each. Only going to do this one more time, was just testing the waters for fun.
So with this said, I have $2500 now, and much larger chunk early next year, or possibly sooner. Would rather do this all at once after we have a better understanding of what we're doing.
When is a good time to invest? I know one can not predict future trends; however, does it make sense to start at the beginning of a year when starting out?
I've been reading a lot about S&P 500's.
Already have one investment gifted by my grandfather when he passed away four years ago. It is a 10 year annuity that is paying $200 a month. Not sure what it is worth, but thought annuities are better for older folks?
Feeling over whelmed with so much to learn.