Analyst started in July 08 - have about 100k in the bank (30K in stocks). I'm wondering what I should be doing with the remaining - they are just sitting there in the checking account.
I thought about more stocks, but I am not that much of a risk-taker and feel ok with the stock/total asset ratio at status quo (~30%) Thought about bonds, but I would feel like an old man buying that stuff Thought about real estate, can prob. get an apartment in the 300k range, but don't have time to look and can't decide whether i want to settle in a city. Besides, I don't want to be stuck with a mortgage just yet.
I guess I need some advice on the smart ways to deploy that money, like investing in a small business or something.
On a side note, please share any info/insights/thoughts on how 2010 bonus for analysts (IBD) would be.
Thanks all
Just an idea, the bond/fixed income universe is more than just your stable AAA USTs or high-rated munis - some high-yield stuff (read: junk) could be interesting...if you just want exposure to HY debt I'd probably just pick up some JNK (maybe 5-10k worth of it), and ride that out.
Also, don't know what your stock portfolio looks like, but you might want to consider outside the US as well - I personally am not as hot on the "BRICs will rule the world " thesis, but there is definite value to diversifying out of the US (and thus getting some short USD exposure).
You can't argue with some JNK or HYG. I'm making 1% per month.
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