Hi.. I am 34 , no kids and have around $300K of net worth out of which $120K is in 401K, $100K in individual stocks and bonds and $70K in saving account. As the market continues to go down wondering if I should buy the dip on another 10% drop or if I am overly invested already. No immediate plans to buy something. What's the ration of your investments to savings ? TC 160K Thanks
Buy the dip now. DCA in if you must. Unless you are saving for something you will need money for in next 5 yrs. I keep cash buffer of 30-50k so I don’t have to watch spending too closely. Rest is invested or earmarked for particular savings goals.
Keep 6 months of expenses in cash (savings account), invest everything else. What do you think that extra cash is going to get you? Eventually any downturn turns around and you want your money growing for retirement.
Stonks only go up
Too early to buy the dip. Wait and see.
Yea looks brutal this time
I am your age: 155k in 401k 110k in index funds (taxable brokerage account) 40k in Roth IRA (target fund) 165k in a single stock that just vested (from past employer) 60k in hand picked stocks portfolio 80k in home equity 30k in cash savings This past week was rough for every single one of those investments. According to my calculations it set me back 7 months or so in a single week. I don't think I am over exposed (except for the one RSU that just vested which I'm planning to diversify soon) and I think 30k in cash is way too much to have it just sitting there doing nothing but it provides a good comfort zone in case the economy really goes to shit. Not planning to buy the dip of the market yet, maybe in a week or so if the virus turns out to be a bust
I'll start nibbling on some big tech stocks as well.. Microsoft Visa and possibly Apple
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