Mostly Vanguard total stock market index fund, less than 10% of Vangard total bond and and about 5% in a money market fund. The MM fund is what I am allowing myself to live on now, I plan on going back to work when that runs out.
Be careful with your enthusiasm for the stock market. Sure, it can be great and investing is good. But as the amount grows and you get older, a correction can be devastating. Don't be afraid to take some off the table, get some more conservative. Especially if you are not working.
That is great advice! I still plan on going back to work in about a year, so I feel comfortable with my allocation now. When I actually retire, I know it will have to change.
I hear you, I never had 42k to invest in my 30's and 40's, and in my 20's, forget it, I was in debt. I payed the electric bill when they threatened to turn it off. The only thing that changed when I turned 50 was my attitude. I always spent most all the money I made every year before that. I have worked the same job for 20 years, the first 14 I saved 3 to 4k a year and had 70k. When I turned 50 I decided I needed to save and invest so I could retire before I died. I still can't believe I was able to save that much in the last 6 years. But I guess it's possible, I did actually do it.
The smile on your face says it all! Good job!
Thank You! Yes, I have been very happy these last 4 weeks since I left my job.
What are you buying?s&p type fund or dividend stocks? Etf or mutual fund?
Mostly Vanguard total stock market index fund, less than 10% of Vangard total bond and and about 5% in a money market fund. The MM fund is what I am allowing myself to live on now, I plan on going back to work when that runs out.
Be careful with your enthusiasm for the stock market. Sure, it can be great and investing is good.
But as the amount grows and you get older, a correction can be devastating.
Don't be afraid to take some off the table, get some more conservative. Especially if you are not working.
That is great advice! I still plan on going back to work in about a year, so I feel comfortable with my allocation now. When I actually retire, I know it will have to change.
Who has 42,000 to invest each year?????
I hear you, I never had 42k to invest in my 30's and 40's, and in my 20's, forget it, I was in debt. I payed the electric bill when they threatened to turn it off.
The only thing that changed when I turned 50 was my attitude. I always spent most all the money I made every year before that. I have worked the same job for 20 years, the first 14 I saved 3 to 4k a year and had 70k. When I turned 50 I decided I needed to save and invest so I could retire before I died. I still can't believe I was able to save that much in the last 6 years. But I guess it's possible, I did actually do it.