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LurkerFAQs, Active Database ( 12.01.2023-present ), DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear

IdiotMachine

Topics: 1870

Posts: 129
Last Post: 4:33:28pm, 03/28/2024
$10k-$15k for any car is a decent budget (like your $6k Accord). After you use it to buy the car, put $7k into an IRA. Put the remainder in a brokerage account. If you dont know what youre doing, buy a Vanguard targeted retirement fund, or a fund that tracks a major index (e.g., S&P500 index); suggest little at a time (say $25k every quarter) to mitigate risks (dollar cost averaging). If you know what youre doing, go do you.

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