Here's my situation.I have $4500 in the bank, $28,000 in student debt. I make $1600 a month (salary). My monthly expenses leave me with ~$400 left over each month. I will be going to grad school in 10 months. Do I have the money/time to start investing f

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Anonymous 10/11/14 (Sat) 15:41:18 No.64

Here's my situation.
I have $4500 in the bank, $28,000 in student debt. I make $1600 a month (salary). My monthly expenses leave me with ~$400 left over each month. I will be going to grad school in 10 months. Do I have the money/time to start investing for some quick returns?

Anonymous 10/12/14 (Sun) 15:38:35 No.65

It's never too early, but rule of thumb is generally don't spend money that you'll be needing, because there are no guarantees.

Anonymous 10/13/14 (Mon) 22:28:49 No.66

>>65
This.

Specific stocks can drop 100% in a year, stock indexes can drop 50%, bond indexes 20%, etc. All the positive returns you hear about are after things average out over several years. The only guaranteed returns are slow (CDs, T-bills, savings accounts).

If I were you, I'd take the $400 extra and add to the $4500 in the bank until I had $1200*6=$7200 for an emergency fund. Maybe build it to 9 or 12 months if you're a paranoid parrot. Beyond that, paying off your student loans would be guaranteed return. What's their interest rate?

Anonymous 10/27/14 (Mon) 22:49:59 No.134

>>64
NO
if you want to be able to retain some money, then DONT take out huge loans, and do multiple part time jobs

Anonymous 12/07/14 (Sun) 06:09:35 No.189

grandpa advice : keep your money in risk free investment untill you finish grad classes and settle ( you may need it ).

if you still feel the urge to play with stocks , do it but on 5-10% of your capital max.