Student loan for investment may be a good idea if you can get it. Government reduces the amount they give you based on your available savings and income, so may not be possible in your case.
I think one of the best investments you can make after graduation is a very modest used car. Unless you live in a metropolitan area with efficient public transit, or have a very liberal arrangement to borrow a car from friends and family, a car really expands the amount of jobs you can apply for by making it easier to attend interviews and get to/from work. Since the variable costs such as insurance and gas will eat through your savings quickly, buying a car is a gamble that you will find work quickly after graduation. In the current environment, I don't know if this is a good idea, but in 3 years, it might be.
You are already well ahead of the game, but at this stage, getting a good job is the most important investment you need to make. A career will generally provide you with well over $1 million in income over your career ($50,000 per year x 30 years), while $11,000 will grow to maybe $100,000 (if you are very lucky) if invested over the same period of time.
Don't be afraid to blow all your cash on expanding your opportunities to get that great job (good clothes for interviews, very modest car, even going out for a night of drinking with friends that know someone who can help you get hired). Once you get the job, the amount you have saved so far (while actually pretty impressive) will seem inconsequential to the amount you can put away over time from regular paycheques.
But if you can, keep a little in investments for fun and education to keep you interested in investing. Try and learn your lessons with smaller amounts, since the consequences will not be as great as they will later on. Save the day trading and more advanced strategies for when you can afford to lose the money, this is not the time as there are much more important things to focus on.
Good luck!
I think one of the best investments you can make after graduation is a very modest used car. Unless you live in a metropolitan area with efficient public transit, or have a very liberal arrangement to borrow a car from friends and family, a car really expands the amount of jobs you can apply for by making it easier to attend interviews and get to/from work. Since the variable costs such as insurance and gas will eat through your savings quickly, buying a car is a gamble that you will find work quickly after graduation. In the current environment, I don't know if this is a good idea, but in 3 years, it might be.
You are already well ahead of the game, but at this stage, getting a good job is the most important investment you need to make. A career will generally provide you with well over $1 million in income over your career ($50,000 per year x 30 years), while $11,000 will grow to maybe $100,000 (if you are very lucky) if invested over the same period of time.
Don't be afraid to blow all your cash on expanding your opportunities to get that great job (good clothes for interviews, very modest car, even going out for a night of drinking with friends that know someone who can help you get hired). Once you get the job, the amount you have saved so far (while actually pretty impressive) will seem inconsequential to the amount you can put away over time from regular paycheques.
But if you can, keep a little in investments for fun and education to keep you interested in investing. Try and learn your lessons with smaller amounts, since the consequences will not be as great as they will later on. Save the day trading and more advanced strategies for when you can afford to lose the money, this is not the time as there are much more important things to focus on.
Good luck!
