A little backstory:
-I have 9 years in the Air Force and am an E6, 30 years old.
-I currently live overseas with my wife and don't plan on returning back to the states if we don't have to. The earliest we'll have to move back if I don't get picked up for another overseas assignment will be early 2021. This, of course, means I won't be getting into a mortgage for at least another 2-3 years, but longer if I don't have to move back after this assignment.
-No debt.
-Am currently maxing out Roth TSP (Roth 401K equivalent) and Vanguard IRA.
-Have about 45K sitting in a HYS account accruing 2.2 APY.
-Negligible amount in robin hood buying individual stocks for fun (around 3K in account).
Lately, I've been looking at the money parked in my HYS account and it seems that I'm wasting valuable time in the market. I'd like to move a sizable portion of that account into a Vanguard brokerage account and start balancing out a taxable ETF portfolio somewhere around 90/10 stocks/bonds. My question is, how much money do you all typically keep in cash? Given my military occupation, I don't think a full 6-month emergency fund is necessary, but I know that life can happen fast and it's impossible to predict the future, even for military members. Since there's a chance I could be moving back to the states and entering a mortgage somewhere in the next 3 years, I was thinking of leaving 10K of the 45 in the HYS and putting the rest in the brokerage account. Does this sound like a reasonable plan? Would you do anything differently?
Submitted April 21, 2019 at 07:48AM by financethway http://bit.ly/2Gr0cDP
