Hello!
I'm a new investor currently making about 100k/yr, which will increase to about 250-300k 3 years from now. I have a few questions for the personal finance group.
My current investing strategy is to invest in target date funds given the hours that I work. I have paid off all of my student loans and currently my only debt is my mortgage (190k).
My current strategy: Maxing out TSP in the 2050 lifecycle fund and also maxing my my roth ira in the FIPFX 2050 fund. I just started investing so my current investments are minimal (10k). I also have 20k in a high performance savings account.
I have a few worries about putting all my money into the stock market though so I was hoping to get some insight from y'all.
-
Is it stupid for me to invest in these stocks when the market is at a peak? I feel like the market has been so strong for so long that it's gotta come down... and when it does so will the value of my stock.
-
When the stock market does eventually go down should I aggressively buy more stock while they're cheap? (I plan to invest only in index/mutual funds).
-
I hope to eventually start my own business. Either an independent practice vs. opening a franchise of an existing business. I have 0 business experience but want to try my hand at ownership. How should I save assets for business ownership? - IE should I put like 200k in a savings account? I don't really understand how to keep assets liquid.
-
In 3 years when I start making 250-300k what should I do with my extra money. My plan was to invest in fidelity stocks since I can buy them for no fee with USAA. If someone could give me some insight into how taxable investment accounts work/recommendations that would be great.
Thanks for the help!
Submitted September 22, 2017 at 07:50AM by MedBoss http://ift.tt/2xjuBBo
