3. Daily Advice Thread - All basic help or advice questions must be posted here.

Daily Advice Thread - All basic help or advice questions must be posted here.

Hi r/investing,

I’m seeking assistance with my situation. Details:

23 years old, living in the US Employed full time, making about $40k a year before taxes My objective is to invest some of the money in my savings account (around $10k-$15k). I currently have $30k saved and would keep around $15k in my account for emergencies, and as a down payment on my next investment property (I’m currently owner-occupying in a duplex.) I already contributing 10% of my income to my employer offered 401k. Hopefully, I will not need any of this money for a long time, and don’t plan on taking it out unless I have to. My risk tolerance in this situation might be moderate, since the only reason I’d take it out would be for an emergency. Current holding is just my 401k from work, and my duplex as an investment property. Real estate where I’m from is BOOMING. No big debts. Around $10k car loan, 5ish percent interest. Student loans, around $5k, very low interest.

I’m just looking for help on what type of retirement account I should open, and what funds I should look into investing in.

Thanks in advance!

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