-5.5k in checking
-16k in high yield savings (3.5% APY)
– 3k in S&P 500 ($50 Biweekly investment)
-2k in Dow Jones
– 700 in individual tech stocks
– 15% of biweekly paycheck goes to my TSP
– I make about $28,000/year I do not pay taxes (stationed overseas) and I do not pay for housing.
Any advice on how I can invest my money to maximize long-term growth while still keeping a good emergency fund? Let me know if you have any clarifying questions.
I feel like I can be investing my money better
byu/Fancy_Astronaut2261 inpersonalfinance
Posted by Fancy_Astronaut2261
3 Comments
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
If you’re willing to tolerate risk you should probably switch your HYSA and S&P numbers. The market will give you much better returns than a HYSA over the long run and imo I only use HYSA for 3-6 month emergency fund. But if you’re stationed overseas (assuming military) your odds of being laid off are nearly 0 and your 3 months of expenses should also be pretty low.
your portfolio of investments seems scattered, I would replace it with a much more rational approach:
https://www.bogleheads.org/wiki/Three-fund_portfolio