Hi everyone! I just discovered Reddit and have been scouring through various posts and articles in personal finance and really loving what I have been reading. I've been having a bit of an internal battle about what to do with a chunk of cash I have laying around currently and wondering if I can get some perspective from some of you. A bit of background - I am 25 years old, contributing 20% of my income to 401K, max out my Roth IRA, and the only debt I have is my car loan. I pay off my cc bills every month and luckily have no student loans. I recently sold a house that I had purchased while in college, and have about 75k sitting in a high interest savings account. I am struggling with what to do with this money, as I have a strong inkling that the market will experience some turmoil in the coming year or two. I have read a few posts regarding not being able to time the market, and how a majority of the time it works out better to invest all your money NOW versus waiting, but I wanted to see if any of you had any thoughts about whether I should put this money somewhere other than the stock market since I already have about 50k invested in the stock market and perhaps diversification is the way to go? But how exactly should I diversify? Is it worth waiting for a bit of a dip in the real estate market and maybe purchasing a house to rent out? Any other ways I can diversify, or should I just take the dive and put the money in some funds and hope for the best?
More background: I live in LA currently and am renting a room. I can't afford to buy anything here that I would be remotely interested in, and definitely don't want to tie all my extra money up in a house here when I'm not positive I want to stick around. Welcome any thoughts! Thanks in advance!
Submitted May 26, 2019 at 02:10PM by Cynthia7794 http://bit.ly/2wmG5BW
