I have $100k in cash, I have an emergency fund also. The $100k is just sitting in Ally savings. Should I invest in index funds or money market account? I have maxed out my 401k. I am conservative since I have a family and not looking to buy property. Thanks! #stock #rsu #401k #investment
Turn it into singles and you know what to do
A man of fine culture I see
Lol.. inflation.. they ask for 20s nowadays
Two questions. What return are you looking for percent wise? And is this money marked for something in the future, a new house or car or anything?
I am looking to stay in front of inflation and better than savings account. Not saving for anything big... Just better than inflation and savings account.
I have more risk tolerance then you it seems but I would suggest a all weather portfolio that ray Dalio talks about. Or look at munis, bonds, treasuries for a safer return. Or look for private lending options with opportunities that you hear. I can get 5% a year almost everyday of the year from my network. But that takes time and some work on your part to see if the deal is worth lending to. Just some thoughts. Hope they helped.
VTSAX. Use search button
+1 VTSAX is best answer. It made 31% last year. Read a simple path to wealth by JL Collins. And google his website and read his Stock Series posts. You will lose money to inflation keeping cash in Ally or MM. Has to be stock [index fund) investment.
Is VTSAX better than all the other index undos ?
Pay off your mortgage.
$365k left on mortgage... $2500 a month so not hurting us too bad
What's your interest rate? I wouldn't mind a guaranteed ~4% return. Better than keeping the money in a saving. Living without a mortgage would be heaven.
if you aren’t watching the market every day then find a decent investment company and let them manage it. Yes they take commission but you’ll still get higher roi than if you do it yourself.
Seems like a waste of money. What sort of guarantees do they give that says they will outperform the market? Just buy a cheap index fund (the one recommended above)
90/10 would be warren buffets advice
Put it in height yield savings and set a weekly transfer of $2000 to Wealthfront or any index fund of your choice. You can’t time the market and while mathematically the probability of best yield would say just put it all at once, think of you can handle watching it loss 25% if we happen to be at the peak before the next cycle .
This is similar to putting towards mortgage which saves 3.25% interest and recasting the loan
Read a few books on investments. Your 100k will be 200k, 300k of extra money soon. So you should spend the time to learn how to invest instead of putting it in Ally. I was in your exact position.
Any recommendation on books?
The little book of common sense investing by John Bogle Bogleheads guide to investing by Taylor Lairmore
invest what u believe in industry company stock with some dividend yield
I have espp with Salesforce also. $160k between RSUs and espp.