My answer to Should I invest all my money, and how?
Answer by David L. Wright:
Most financial advisors suggest that you maintain 6 to 9 months in cash as an emergency fund. If you currently aren’t employed, you might want to hold on to your cash in its entirety until you have a steady income.
Once you had cash coming in on a regular basis, invest that other cash that you have. You should augment that by investing at least 15% of your wages.
You should invest simply. There was an article in Barron’s today which suggests: How to Invest: When You’re Just Getting Started
It’s not complicated — just set up automatic deposits into these funds, and don’t try to get clever.
Here’s a link:
Best of luck