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originally posted by: Ksihkehe
a reply to: charolais
I'm glad you have no vehicle debt, it's best to have a used vehicle with a good track record. Let somebody else pay the premium of a new vehicle.
You should pay off that student loan debt, imagine how good it will feel to be completely debt free. At the same time a bit of greed isn't a bad thing. You should always have a cash reserve for emergencies. Three months of expenses is a good place to start.
If you plan on buying a home you will want to keep your investing in liquid funds so that you can move that money to buy a home. Buying a home cash is awesome. You're young so you may want to consider if you plan on staying where you are or following the money.
There are some telling you to invest in gold and silver. While those things can be a part of an investment strategy I'm not sure that's a good route right now. When you invest in commodities like gold and silver you need to keep an eye on historical values and right now, given the abnormal state of the economy being propped up by the fed, I don't think gold and silver are a good buy. They will go up as inflation hits after the rate hikes, but I think if you look at historic prices they will eventually drop lower and be a much better buy in 2 or 3 years.
Even with the inflated prices you can't go wrong buying a market index fund. Even if it drops history tells us that it's a good investment. Right now is a good time to be paying down debt. In a year or two it will probably be a very good time to be dumping as much as you can into the markets.