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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
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Originally Posted by eribrav
I think the most important thing to do now is start an emergency fund for yourself. You're in a situation where you will likely be without income for quite while. Make sure you have 4 to 6 months of money somewhere safe. That doesn't mean a checking account; with short term yields rising you would be well served with a money market account with that portion of the money.
Merlocke, I'm sure you have some wonderful investments. Most of the things you've suggested, however, sound totally inappropriate for this young man. There is no way that forex and private placements fit in the situation that he described above.
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i'm for you keeping your money liquid and accessible just like eribrav suggested. you are in a state of flux for the next few years. you'll be able to recover that small amount of "savings" faster once you get your degree and get a respectable salary.
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