Where to invest 45k?
Hey guys,
I'm a recent college grad starting my first role in the industry. I've saved up about 65,000 from a combination of the new job, working part time on and off since high school, and from saving the bulk of my earnings from finance internships during my summers. I have about 20,000 invested in a blend of ETFs and growth stocks that I feel have upside potential, but I have about 45k that's sitting in my IRA and my brokerage account that's split between cash and short term Treasurys. I'm a little hesitant to start making big investments right now given the 50%+ rally in US equities, but I also acknowledge the fact that I have a 40 year time horizon.
Would appreciate any insight you guys might have about how you'd approach investing a lump sum given the current market environment.
Thats an impressive build up of savings you were able to accomplish, fuck me couldve had a good chunk more saved if I didn't spend on a lot of jackassery in college lol. I've got like ~20k ish right now, half in equities split between roth contributing 15% salary then the rest from HS/College savings in a brokerage, sitting on the rest in cash building up a rainy day/waiting for the next market correction hopefully coming sometime this year, when/if that comes I'm gonna dump into index/ETFs, won't be a ton but'll be a good start. I missed out on the absurd rally as I've been focused on building up that rainy day.
Dollar cost average growth ETFs over time
This is the correct answer.
Um... Emergency fund? It's obviously not sexy, but if your boss says "F*** it, I need to cut costs tomorrow do you have six months of expenses saved up in a liquid account? An IRA is a bad place to hold this to begin with but not having it at all is worse.
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Let's buy CRE
I am in a similar position. Have like $55k want to partner up and buy a 5-10 unit in my market... working on it.
hmu
Tesla and Nikola Motors triple levered
Weirdly, the more negative news I hear about Nikola the more I want to buy some of its stock.
QQQ calls
if its your IRA money, then put it in a general low cost ETF. Due to your time horizon don't try to time the market, try to put time into the market. In addition as said above, continually invest for dollar cost averaging reasons.
Last point, I would try to roll that baby over to a ROTH if you haven't done so already - also based on your income level of course.
VOO all day
bitcoin
XRP
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