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Hi all! For context, I recently graduated college and landed an entry-level remote role in my chosen industry. I make 45k a year gross and net 1,300 every 2 weeks. I only contribute 6% to a Roth and get a 3% match from my company assuming I stay 3 years. I do not need to pay for insurance until I turn 26 and due to living at home with parents I have no other expenses.
I've been reading a bit throughout the group and want to figure out the best way to utilize essentially $2,600 a month to put towards long-term personal savings. Currently I only have experience creating CDs with about $2,500 invested. I get my first paycheck this Friday for my current job.
What percentage of my 2,600 should go into a brokerage, CD, or other? This is all savings for a long term goal within the next 5-10 years. (House fund and then in 2 years I plan on moving out and renting until that 5-10 year mark).
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- 7 months ago
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