There have been various threads on here regarding investing topics and it’s clear from them that there are a few knowledgeable heads on here.
With that in mind, I would love to get thoughts on my saving/investing plans.
I’m 30 years old and own my house outright (no mortgage).
I am accruing a decent bit of excess cash each month.
Currently I am putting about:
20% of it into Wealthfront (risk tolerance set to 10/10)
20% into stocks (based on recommendations from Seeking Alpha, Motley Fool Money podcast, etc.)
The above I am very much in a buy-and-hold for a good 7-10 years mindset.
I am thinking about ploughing in a solid 20% or so into REITs as I love the income aspect.
I would love to buy a rental property or two at some point but the market is very hot. As are stocks.
So I am probably saving half as cash in a 1.5% interest savings account for now. I’m just cautious everything is high right now.
As I have paid off my house, I don’t think I will need immediate aspect to much more than say a year’s worth of living costs probably. So I have a decent horizon for holding.
Any thoughts on this approach?
How would you split your capital and amongst what sort of vehicles?
Thanks for any comments.
With that in mind, I would love to get thoughts on my saving/investing plans.
I’m 30 years old and own my house outright (no mortgage).
I am accruing a decent bit of excess cash each month.
Currently I am putting about:
20% of it into Wealthfront (risk tolerance set to 10/10)
20% into stocks (based on recommendations from Seeking Alpha, Motley Fool Money podcast, etc.)
The above I am very much in a buy-and-hold for a good 7-10 years mindset.
I am thinking about ploughing in a solid 20% or so into REITs as I love the income aspect.
I would love to buy a rental property or two at some point but the market is very hot. As are stocks.
So I am probably saving half as cash in a 1.5% interest savings account for now. I’m just cautious everything is high right now.
As I have paid off my house, I don’t think I will need immediate aspect to much more than say a year’s worth of living costs probably. So I have a decent horizon for holding.
Any thoughts on this approach?
How would you split your capital and amongst what sort of vehicles?
Thanks for any comments.