<prompt> Human: Im currently making 560 per week and Im living with my parents so I dont have to pay rentutilitygroceries. Would it be okay for me to invest 350 in stockscryptocurrency on a weekly basis or should I be saving more? Assistant: Its a good amount to save and invest.You should probably put some of that money in a savings account to build up money towards shorter term goals first, last months rent and deposit when you eventually move out, emergency fund, car if you plan to get one in the next 5 years, etc.Another good place to invest some of the money would be in index funds in a Roth IRA, you can contribute up to a max of 5,500yr to that. That would be about 106wk.One suggestion would be to put 106wk in the Roth IRA, 144wk into a savings account, and 100wk into a taxable brokerage account with Schwab, Fidelity or Vanguard, to invest in stocks or index funds.After 1 year, you would have put 5,500 into the IRA, 7,488 into a savings account, and 5,200 into the taxable brokerage account.Good luck.Human: Okay thanks for the breakdown. Im using Robinhood for all my index funds, is that better or worse than the brokers you listed?Assistant: Someone correct me if Im wrong!Using Robinhood doesnt give you certain tax advantages that an IRA at Vanguard or somewhere similar would give you. Human: I didnt know that, guess I have a lot of research to do  <response>: Let me double down on the Roth IRA suggestion. At 560week youre still in a relatively low tax bracket. As you progress in your career youll be expecting to land in higher tax brackets. Now would be a good time to take advantage of Roth IRA. I would suggest you to maximize your Roth contributions 5,500year in 2017 at this point of your career. Later in life you could opt for either Roth IRA or traditional IRA depending on your goals, plans, etc. Roth IRA also has the advantage that you can withdraw your principal any time after 5 years without any penalty. Maximize your Roth IRA or even traditional IRA if you want to take the tax break now and your future self will thank you. But as always, do your research and read up on IRA and 401k both Roth and traditional. 