In short, I became part owner of a lucrative small business in January of 2017 leading to a salary substantial increase. Last year I made roughly 400K. I'm on pace for just under 300K this year.
My lack of any semblance of an investment strategy is essentially losing me money. I have done some research on index funds, but I'm not really 100% sure where to begin. We will be contributing the max to our 401K for the first time at the end of this year as well as the additional safe harbor funds through a reputable investment firm.
However, staring at 150K in a savings account with a nominal interest rate is a constant source of irritation. I'm very busy with work and family life and I've simply never been in the position to invest discretionary income. I constantly hear that a 4% to 7% annual interest is relatively average. Where can I put my money to safely ensure this rate of interest.
I would really appreciate some specific advice here. I am saving for a down payment on a home and I've yet to decid what my budget will be for that so of course that will factor in in terms of fluidity. Feel free to ask any questions that my help give better advice.
Submitted July 09, 2018 at 10:29AM by Challenged_by_Krill https://ift.tt/2NwTUVX
