My Stache is just sprouting, and I'm just really getting started with investing (and saving for that matter). Here are the high points of what I have, and why.
- $5,000 in a credit union money market account. Since my savings are just starting, I like to have quick access to the money. The interest is a waste of time at 0.1%, but better than sitting in savings.
- $2000 in checking.
- $1900 in an Edward Jones Roth IRA. I know I'm paying higher fees, but starting this account has helped me make some other business contacts. It's probably not worth the trade off, but I want to stick with Edward Jones for a while. This account was opened in January.
- $750 in Betterment. I opened this account last week. It's currently set at a 70 / 30 Mix.
My question is this. Should I concentrate on maxing out the IRA before moving forward on the Betterment account? Or should I continue to split available funds between the two until the IRA is maxed?
Are there really any advantages to either, since I'm currently not investing that much $?
Moving forward, I have about $1000 / month to invest.