I'm not a savvy investor. Haven't ever invested on my own and most returns I've gotten are from the savings account of my retail bank. I'm 29 and don't currently own a home (though I'd like to in the next 1-2yrs hopefully). Is there a recommended path to finding a proper money manager so I don't have to take too much of a headache? Edit: TC is $270k
Give it to me...
Took me a while to make this after my loans, sorry.
Now you have to give your money to OP, gxo....
If this is your down payment - cash or low yield bonds
If you need it in 1-2 years for a downpayment buy a CD or look into high interest saving accounts like Ally. The market will probably fluctuate over the next few years. If you have money you're fine locking away for 10+ years, but is diversified and will generate good returns then buy a vanguard low expense index fund.
This is the advice to follow here
This.
FAANG or VOOG depending on your risk tolerance. VTSAX is probably too conservative for you.
VTSAX
All in AMD
Get the lowest cost brokerage and put it all in voo.
Use Robinhood and invest in an index fund or two.
Buy a house in Austin and put it for rent
Is the real estate appreciation comparable to bay area?
No, but it’s growing fast and you’ll have a passive income when you retire.