Hey everyone. I have between $100,000 and $200,000 in a credit union savings account. This credit union pays out 3.05% in interest, which is why I keep all my money in there. I also have an ally savings/checking for direct deposit, paying bills and having cash available when needed. I never keep much in ally.
I am 32 years old, no debt, married ( wife does not work ) with a 14 month old. I have a 2 bedroom apartment that I pay $1,200 for every month ( great deal ) I live in new jersey where house prices average $300,000 and property taxes average probably $8,000 a year. I have no interest in buying a house, even though everyone says it would be a great investment ( 2 family) I just consider it a headache.
My question is should I continue keeping my money in the credit union and earn a guaranteed 3.05%. Or should I take a portion of it , maybe $50k and throw it into a s&p 500 fund? Where I should make more then the credit union, but more risk. I have always been pretty conservative and dont like taking huge risks. I have a fidelity account and have about $5k invested in marijuana stocks And I have about $2.5k invested in crypto coins for fun. I also have a roth ira that I have fully funded for 2 straight years. And I have a roth ira for my wife that I fund for her.
Submitted January 20, 2018 at 11:20PM by mark44x http://ift.tt/2EYrf6W
