For some context; I'm 28, Male, single, I bought a house about a year ago, make $200k+.
I currently have roughly $70k in a high yield savings account earning 2% a year. Last year CPI was 2.1%, so at best my money is stale.
Looking for advice as to the best way to have plenty of cash available, but not be losing money to inflation? What % should I funnel off to investments? Should I just do vanguard index funds and call it a day? Do I need to hold my investments for over a year to avoid short term capital gains? I'm extremely risk averse and liquidity is king in my mind.
An additional consideration: I am likely taking advantage of the low interest rates and refinancing my mortgage, as well as plunking down the other $20k or so to knock off PMI. I also owe about $18k on my truck and toy with the idea of paying it off, but the interest rate is low enough that it really doesn't matter.
Just looking to be a better steward of my money, because right now I feel I've more or less stuffed it in a mattress.
Submitted June 11, 2019 at 09:34PM by longrangehunter http://bit.ly/2IAwDkh
