This is a tricky question and before I start, I am not giving you any advice on your money or what to do with it, this is what I would do to answer this question. IF you don’t know, putting money in a bank or in a saving account is not a bad thing.
Things may happen in life and you need that money to cover things that may breakdown over time. Keep in mind that saving money into a bank will not make you much of any money. With inflation and the low rate that the bank gives people, you maybe losing money over time but you still need some money to cover things that may happen. Now should you invest that money?
Well I would say that you should be doing both or save more than invest. Most people do not invest their money. It’s ok to place money in the bank but we all need to invest somewhere. For a beginner, If I had $100 dollars, I would invest 30 dollars, than save 70 dollars for a while till I get better at investing.
Once you get better at investing, then you can save less and invest more but with that $100 dollars, I would do a 50/50 spilt. So I would invest half and save half. I would have two different account for saving, one for investing and one for saving. If you wanted to invest into real estate, then you would need some a lot of cash to do so to cover repairs and other things. In the video below, I will show you what I am talking about:
