Beginning Investor... Analysis Needed

AceLuby · #1 04-26-2007, 11:18 AM

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.

ahnuld · #2 04-26-2007, 11:36 AM

do you need the 15k any time soon or where you financially stable before this?

AceLuby · #3 04-26-2007, 11:49 AM

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.

AceLuby · #4 05-01-2007, 04:13 PM

I assume that this looks ok then?

Jeff W · #5 05-01-2007, 04:17 PM

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I assume that this looks ok then?

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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.