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Updated about 5 years ago,

Account Closed
  • Banker
  • Lowell, MA
7
Votes |
18
Posts

Saving Vs. Investing

Account Closed
  • Banker
  • Lowell, MA
Posted

Hi,

Im currently 19 years old and was wondering what percent of my weekly paycheck I should be investing versus saving. I’m currently working on building my emergency fund of $1,000 and should complete this by early 2020. I want to buy my first rental property in 2020 but I don’t want to leave my money in a savings account and lose it to inflation so my plan as of right now is save 15% of my weekly paycheck for the rental property and then invest 25% of my paycheck into low volatility high dividend stocks such as $SPHD on the US and International market. Is this plan of action a good one? Or would you recommend something else?

All input is greatly appreciated.

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