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Reply to "What to do with small savings account?"
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[quote=Anonymous]I would split off 6 months of living expenses, and put that in a Vanguard Money Market Fund. Then, I would deposit the remainder in a few different places: Vanguard Total Stock Market Index If you are funding your kid's college, I would establish a 529 plan, and set-up a minimum deposit to establish the account, then begin contributing monthly an amount that feels comfortable to you. I like to have a sharebuilder account; periodically I use some chunks of money to purchase stocks I am interested in - the ones that do the best have generally been businesses I like and actually go to- Costco, Panera, Whole Foods. DH wanted a Tesla (last year) and we couldn't afford one, so we bought Tesla stock instead. That has one up about 300% since (and I'm sure will go back down). But in general, we like to do things like that we stock - buy the stock instead of the product if we can't do the product .[/quote]
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