#1
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Beginning Investor... Analysis Needed
So I just came into $45k from a life insurance policy for my dad. Right now I have about $25k in student loan debt at a rate of 7-9%, and no other debts.
Right now I think the first thing I should do is pay off my student loans. I figure it's gonna be hard to keep up with the 7-9% on that money. So that will leave me with roughly 20k. I currently have a Roth IRA that I've already maxed out for the year, but I want to set aside 5k for next year so I can make sure I get that in there, which brings me to about 15k. I don't really know what I want to do with that last 15k. I'm thinking of going thirds (5k a piece) in Vanguard funds, short term CD's, and long term CD's. Can you guys give a newb some feedback on this plan? Any glaring holes you can see? Thanks is advance. |
#2
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Re: Beginning Investor... Analysis Needed
do you need the 15k any time soon or where you financially stable before this?
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#3
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Re: Beginning Investor... Analysis Needed
I'm pretty stable right now, but I would like to keep at least some of it liquid in case of emergency or to put a down payment on a house.
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#4
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Re: Beginning Investor... Analysis Needed
I assume that this looks ok then?
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#5
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Re: Beginning Investor... Analysis Needed
[ QUOTE ]
I assume that this looks ok then? [/ QUOTE ] Really depends on your risk tolerance, need for extra returns, etc... For some people, 90% of assets Treasuries is the right plan, but I wouldn't recommend it to the average person on this board. |
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