Came to US 8 years ago with pretty much 0 NW. Between me and my wife, we are close to hitting 1M net worth but have a large portion in cash. What should we do? Current NW distribution: 401ks - 250k Post tax investments(Wealthfront, robinhood) - 194k Meta vested RSU - 86k Cash in bank - 400k We are in our early 30s. Currently renting in a HCOL area(4k rent), two kids. Putting off the idea of buying a house($1M) because I am on visa and this env you never know. Should I start putting more of our cash in index funds or stay put? EDIT: we were holding cash for the down payment of our house. Also received bonuses so that got added to the sum. TC: 400k
Invest some on health and fitness
Open up a Vanguard account and put your cash into VUSXX. It invests in US treasuries and it’s a money market account so it’s extremely safe (zero volatility) and highly regulated with returns around 4%. It’s also liquid so you can pull out anytime. I keep most of my emergency fund in there
Where did you learn about this? I want to educate myself more about personal finance and smart ways to store cash. Places I know are reddit investing and stocks. Or is it through Blind coming across discussion like these to acquire knowledge in this space?
Just browse vanguard etfs and mutual funds website .
Yeah, that was not the intention. It was mostly for a down payment on our house. We did put in two offer and never got it. Now we are not looking to buy for the next 6 months atleast.
Put it in a high yield savings account, currently j see rates around 4%
Are you a remote employee? It yes, move to outskirts and buy a 400K home. Even condo is ok
I am not. We both need to goto office atleast one a week.
Why not move to LCOL areas where META does have a presence? Your dollars will go much farther there.
Buy a really expensive house. If you get layed off, you can post on LinkedIn how disruptive it is to your life and people will refer you to new jobs. If you prepare for such a disruption and continue to rent, people will be less likely to help and you’ll probably have more problems.
Bruh! He can post whatever on LinkedIn, no need to actually implement it.
obligatory TC or GTFO
I guess you are an Indian. No harm keeping the money in cash if you intend on buying house in 6 months. Once job market is stable and layoffs are behind us you can buy your dream home. If your priority date is 2015 then you still have a chance at GC in next 5-7 years
This is not an Indian forum, not everyone is like you
Keep potential down payment & emergency fund in cash. But buy t-bills with it. You don’t want to invest it, have the market drop and then decide to buy because the housing market might have changed.
Dollar cost average 50% into an index fund and hold $200K in cash or treasuries.
Tech Industry
3d
59154
Crossed a line with my boss
Tech Industry
Yesterday
2133
What happens when most of your team is Indian?
Health & Wellness
Yesterday
349
Lasik cost
Tech Industry
2d
1127
How common is it actually to earn more than 300K TC?
Tech Industry
Yesterday
1246
Women, help me understand why this is inspirational
Invest in index funds. Keep 100-150k in cash.
Can you name a few good index funds.
Why so much in cash?