Hi, I am a 23M about to be married. I have over 20k saved invested 100% in a S&P500 mutual fund (FXAIX). I figure the index is already diversified enough as is, is this wise to put all my investments into the index? I am using this money as my personal savings account to use for emergencies and potentially down payments on cars/home one day. I just feel like it’s a waste to not be heavily invested at my age, so I would prefer avoiding cash at all costs. I do keep around $1,000 for immediate emergencies, but I want the rest to grow. Is it smart to be fully in the S&P500?
Submitted January 13, 2022 at 09:55AM by jerhen11 https://ift.tt/33gHcar
