Investing
Hi Terry. I enjoy listening to you on the radio all the time. I’m not one of those people who have hundreds of thousands of dollars to invest (I think I’m in the majority) but I am 69 and get $2900 a month in SS. I also have a side gig and take in $3k a month. No debt other than mortgage. Fico score 815. I want to start investing about 2 or 3k a month. Where do you suggest I start? T bills etc?
Terry Says
There is a difference between investing and SAVING. Investing implies some risk. And at this stage of life, I don’t think you want to take ANY risk. So this money you save belongs in the bank, where it should earn at least 4% in a money market account (or find another bank). OR you could buy U.S. Treasury bills. They are a safe place for your savings. Read this: T-Bills beat CDs – Terry Savage
