I recognize that a 4% rate on a savings account is very good (it's a negotiated rate in a foreign bank account). However, I am 26 years old, so I have a lot of time before retirement, and I feel like I should have the bulk of my net worth in equities.
Some more details that might be relevant:
*26 years old *No debt (own a car) *Looking to buy a house soon and have money set aside for that (20% downpayment) *$58k annual income *$5k in a savings account earning nothing. *$50k in a mutual fund *$100k in the savings account in question
I'm thinking of moving maybe $50k of the $100k to the mutual fund, or to brokerage account where I can pick stocks/index funds.
Submitted July 02, 2017 at 10:14AM by equityvscash http://ift.tt/2sg31z6
