So I feel I’m in an odd situation but probably common for people who browse this subreddit.
I’m 26, I have roughly 70k cash.
Breakdown 4K in the market(few etfs then stocks such as Visa, Microsoft, United health, intel), 11k roughly within my brokerage account that I’m not doing anything with.
Student loan debt: 18k 4 percent interest, car loan with 4.5k left 4 percent interest
I had way more in the market a year ago, about 15k, but I was new to investing and I got scared and pulled out. Dumb move, I’m aware.
The rest is in a money market savings where I’m getting almost a 2 percent return.
I am aware that time in the market > timing. I also feel that I’m currently being way too passive and have missed out on great returns these past few months.
At this point I am trying to figure out what to do. What I’m thinking is the following.
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I don’t think just doing a big buy of let’s say 20k is the right call. If the market was in a decline, I would be more aggressive and buying heavily over that period of time. But right now doing something like that to me seems at least in the short term I’d lose hard.
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I do think though that I should be buying. How much though I am unsure. I’m aware that we truly don’t know where the market is going. But I feel I should be maybe putting half of what I save per month into the market. Probably more given my savings already. So if I save 2k in a month, 1k savings, 1k market.
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I know I’ll save roughly 20k from my job this year. So having 4K out of 85-90k In stocks/etfs is silly and not a smart choice.
If you were in my shoes, what would you do?
Submitted March 06, 2019 at 01:50AM by Noboundss https://ift.tt/2UuKE7y
