I don’t know your age or income, so I’m just going to assume you’re right out of school since you mention you’re a finance grad & starting out.
If you’re working, at MINIMUM contribute up to what they match. For example, they may match 3% of your salary if you put in 6%. That’s a free 50% off the top. Also assuming you’re playing the long game here based on my above. I’d go simple like a total stock market fund or S&P500 index fund offered in your plan.
Don’t get a car payment either. That and frivolous dining out will cost you over the course of a decade. Build an emergency savings.
One more thing, if you’re young, there’s nothing wrong with working a second job for a few years to attain your savings foundation. So long as you’re working with a goal in mind, you’ll be fine.
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If you work; enroll in your 401k/403b if offered, you can also open your IRA at any major brokerage like vanguard/fidelity/schwab/etrade
If you don’t currently have a job open a normal brokerage account at any of the above listed brokeragesÂ
Start here: https://www.reddit.com/r/personalfinance/wiki/commontopics.
Investing guidance: https://www.bogleheads.org/wiki/Three-fund_portfolio https://www.reddit.com/r/personalfinance/wiki/investing
I don’t know your age or income, so I’m just going to assume you’re right out of school since you mention you’re a finance grad & starting out.
If you’re working, at MINIMUM contribute up to what they match. For example, they may match 3% of your salary if you put in 6%. That’s a free 50% off the top. Also assuming you’re playing the long game here based on my above. I’d go simple like a total stock market fund or S&P500 index fund offered in your plan.
Don’t get a car payment either. That and frivolous dining out will cost you over the course of a decade. Build an emergency savings.
One more thing, if you’re young, there’s nothing wrong with working a second job for a few years to attain your savings foundation. So long as you’re working with a goal in mind, you’ll be fine.