Never visited this subreddit before, I hope that this is the correct forum.
I have previously been saving an OK amount of money but have always enjoyed what I wanted in combination of moving money on and off the stock market. This has lead me to not really have 100% track of how I "develop" financially wise.
I have for the last 6 months been keeping track on my "total worth" and how it moves up and down but thought that it could be good to give some insight into my situation:
I am 30 years old, 4 years out of university, and live in a Scandinavia where housing and other things are traditionally expensive but never spend a dime on healthcare and other related things. I studied abroad for some time so I have about $20k in student debt that I pay $100 for each month with a very low interest rate.
I own an apartment together with my girlfriend that we bought for $550K (which was considered a very good deal for the area) and she works at a bank which gives us a very good interest rate on mortgage, I don't have the exact number but I think we pay somewhere in the neighborhood of 0.7% interest rate on that loan.
My salary is about $90K per year, which is not really high with US standards, but in our country it is apparently in the 1% for my age. I know, I sound like a huge asshole, but I thought it could be worth mention to give you an idea.
Since I have two loans with low interest rate, the amount of money I have left per month after all expenses paid are about $3 600. For the last two years I have saved an average of $1750 per month. I don't think I can have this high of an average going forward since I used to have work engagements abroad and had a lot of living expenses paid for during this period.
My assets are:
Apartment: $47 500 (the amount I put down as down-payment and I pay down the loan with about $400 each month)
Stocks: $16 000 (diversified with 67% stable investment companies and 33% quite high risk tech companies)
Savings (cash): $30 500 (no interest rate)
So my question is, how would you re-arrange? I am quite annoyed that such a large portion of my assets are on a savings account with no interest rate, then at the same time since my mortgage interest rate is so low I don't feel the need to pay more on the loan really... and then we have the stock market that has hit all time records for the last 10 days.
With a long investment horizon, I should not care to put the money on the stock market even if it is at an all time high, but I still feel somewhat reluctant to do it.
Sorry for lengthy post, any input is much appreciated.
Submitted August 30, 2018 at 04:02AM by mytze https://ift.tt/2on51FD
