Hello PersonalFinance! I've been a long-time lurker and I'd greatly appreciate your input on a matter that's really important to me.
I'm a mid-twenties male who's been fortunate enough to be accepted into a MBA program that has a great ROI when compared to my current salary and career trajectory. Unfortunately, it's going to cost all the money I've ever made.
I've saved about 200k USD over the last few years, mostly by working as an expat, living in inexpensive countries, and getting lucky with some of my investments. I am now going to go to to an MBA that will cost me 200k USD, cost of living included, over two years, by the school's own estimates. Essentially, it will cost me near everything I have. I start school in August and I move to the city in July, so I should be able to sock away enough money before then to give me a small buffer, should the markets not turn significantly.
However, my concern is market volatility. I currently have about 10k in an IRA, 90k in cash, and 100k in other investments. The cash portion will be able to get me through year one. Around year two it gets tricky. My equities are mostly just index funds and my cash is in a Capital One savings account that gets 1%, which is less than inflation.
What should I be doing to reallocate my assets? Should I be selling stock to avoid volatility, or is there a higher-yield low-risk alternative that you know of for the cash on hand?
I would very much appreciate any advice!
Submitted January 22, 2017 at 03:18PM by TMP10 http://ift.tt/2jmuZ7X
