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Updated 5 months ago, 07/01/2024

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3
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Ethan McManigle
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3
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I need some advice

Ethan McManigle
Posted

Hello, my name is Ethan. I'm 22 years old. I want to save up and buy my first property but idk what the best way to save that money is. Should I use a traditional bank account? Should I invest my money in bonds/stocks? If not I looked on Vanguards website and they had a short-term Roth IRA. That I can set up for a personal goal. (Which depends on how much money I need to save up for) I was thinking about doing that for about 3ish years. I would like to save up for a down payment on a duplex. I can put aside about $130 each week. idk if that will change anything or not.

So my questions are

1. Where should I save my money?

2. How much money do I need for a duplex? (USA, Iowa area)

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