So I recently inherited around 50k and am unsure what to do with it. I usually just throw a couple hundred bucks/month into an index fund that I won't touch until retirement, and have been gambling around 20 % in volatile stocks. No sleep lost here. I'd like to use the inheritance as a down-payment on a house in 3-5 years, but am unsure how to go about it.
I know the conventional wisdom is that investing a lump sum wins over DCA most of the time, but IMO it's pretty clear we're in a bubble right now and I have my doubts whether I'll be able to turn a profit over the time frame I mentioned. On the other hand I'd like to avoid holding a bunch of cash for such a long time, and depending on the rise of inflation and interest rates dumping it into a time deposit doesn't look all that attractive right now either.
How would you go about it?
Submitted June 16, 2021 at 08:39AM by kluu_ https://ift.tt/3zw0tjC
