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I’m in my early 30s and I’ve got $150k to invest in something.
On top of this, I’ve got 6 months living expenses in a emergency fund and have been maxing out my Roth IRA for the past 10 years. I’ve got no debt, no kids and rent a nice apartment.
I live in Southern California, where real estate is expensive, which is what has held me back from buying something.
I’m in my early 30s and I’ve got $150k to invest in something.
On top of this, I’ve got 6 months living expenses in a emergency fund and have been maxing out my Roth IRA for the past 10 years. I’ve got no debt, no kids and rent a nice apartment.
I live in Southern California, where real estate is expensive, which is what has held me back from buying something.
No, it's in regular mutual funds and taxable accounts.
I say keep it in mutual funds for now, mostly stock since you don't expect to need the money soon. Be sure to choose funds with a low turnover rate since this is a taxable account - you will get burned if you aren't careful about this!
If you have to ask that question, the results probably won't be good. There is no substitute for knowledge, so I suggest you read up on finance.
Do you have any particular sources you think OP needs to read?
There is a lot of controversy out there but as long as you stay away from commission-based salespeople, they usually agree now that passive investing is best. There are definite identifiable sub-optimalities with Bogle-type passive investing, but index funds sure beat the average amateur trader trying to "beat the market"!
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