Saved 50k over the past three years after paying off my student loan debt. Need investment advice.

PayPal / Eng
v3nm0

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v3nm0
Mar 12, 2020 16 Comments

With the market bleeding all round, I am hoping I can get into the market at some point. I'm not asking what the right point is - because that'd be thing the market.

I'm asking for recommendations on what sort of stocks (or other investment vehicles) I can look into, especially beyond tech stocks. And how about some of these institutions like Vanguard or Wealthfront? Are they worth giving my money to?

If you have some investment strategies or vehicles that you can recommend, that'd be great. If you like, do put in a reason for your recommendation.

I'm not super conservative but at this stage I'd not want to be too risky either. So risk tolerance - moderate. And I would like to work towards buying a home at some point so I'd hope to get some returns in next 2-3 years.

Also, I do understand some or all of you may not be certified or professional investment advisors.

Thank you.

TC: ~160k

#assets #investments #401k #stock #bonds #crypto

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TOP 16 Comments
  • Dollar cost average it over the year.
    Mar 12, 2020 1
  • Amazon
    lwri07

    Go to company page Amazon

    lwri07
    I’d put 10K of those 5OK in VOO (vanguard)
    Mar 12, 2020 1
  • Google
    The Old Nite

    Go to company page Google

    The Old Nite
    This depends a lot on your risk appetite. If I were in your shoes (with a 2-3 year time horizon), I would put like 30% in stocks and 70% in short term vehicles.

    Some rules of thumb.

    Diversify (a.k.a. avoid individual stocks)
    Avoid accumulating your employer's stock.
    Beware of stock "tips" being masqueraded as investment advice.
    Mar 12, 2020 3
  • Shouldn’t have paid off your student loan, rates are so low it’s basically free money and you’d have more liquidity for investments.
    Mar 12, 2020 2
  • Google
    XYxw07

    Go to company page Google

    XYxw07
    Don't recommend going into the stock market right now, and definitely not if your horizon is only 2-3 years. Might as well go to a casino. Invest in CDs, mutual bonds, ... Instead
    Mar 12, 2020 2
    • PayPal / Eng
      v3nm0

      Go to company page PayPal Eng

      v3nm0
      OP
      Thank you. Can I infer that you anticipate this volatility to continue at least if not more than 2-3 years?
      Mar 12, 2020
    • Stripe
      bhYX87

      Go to company page Stripe

      bhYX87
      While THIS volatility is not sustainable, V-shaped recovery is no guarantee. Stock chart may look like an L. And he is right, over 2-3 years, there is no guarantee stocks will have made money. Look at 30-year charts. You need to be in the 10+ range of holding to have high confidence of gains, or be an insider. You can find multiple, non-coronavirus instances of stocks being down from 2-3 years ago. Maybe stocks stabilize, then go volatile again in 2 years when you targeted to sell.

      Wait for some coronavirus certainty before going to the roulette table.

      OP, you write like you are Data from Star Trek, comes of sounding not too humble, just feedback. How many crashes have you been through?
      Mar 12, 2020