Should I start investing at 19 years old or save up cash?

I'm 19 years old, I have a steady job, and I'm a good saver so I gain about $600 a month that I don't need for any expenses. However, I don't have a lot of money to start investing. Should I just continue to save up, invest my savings, or should I split saving and investing?

Investing, Starting Out
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June 2017
67% of people found this answer helpful

Good for you! Start leveraging compounding returns by maxing out a Roth IRA (about $450/month). You can put the rest in savings (or a more conservative investment) as an emergency fund. Many firms have significant initial investment minimums, but you can open an account with a low-cost ETF portfolio and no minimums at Betterment.

June 2017
June 2017
June 2017
June 2017