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Anonymous

04 May 2021

General Investing

Completely new to investing, how much to invest and where

Hi guys, I’m currently 25 yo, and have about 22k in savings. I just took a pay cut, so can only save about 700 per month after deducting all my expenses. Initially I wanted to aggressively save but am thinking of starting to invest for my retirement planning. If I’m looking to get married at 30 and have at least 50k, what do you think is a good amount to invest and what amount to save? Any tips on how to reach this short term without compromising on my long term goal? Thanks in advance!

Discussion (2)

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Lump sum $10k to S&P500 . DCA min. $466 per mth. U will roughly have $50k in ur investment, $25k in your saving. Inorder to accelerate, u may want to do some moonlighting. Active income is always faster than investment for most people.

http://www.moneychimp.com/calculator/compound_i...

May look into FSMOne RSP

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Lim Boon Tat

04 May 2021

Mathematics at Cambridge University

Invest in your own education first! Take $300 and buy top 10 books on investing (on amazon). Take 2 months and finish reading them, taking down notes, and getting a sense of what kind of investments are suitable for you.

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