This is bogleheads. I’d invest any new money in a balanced portfolio of stock and bond index funds, with a bond allocation designed to keep you calm during market volatility. Depending on tax implications, you could either hold onto your single stocks in the taxable account, or slowly sell them down. At your income level, if you invest a large amount yearly, you’ll be mostly indexed in a few years anyway.-Cliff notes: started a company in November 2014.
-Current Age 41
-ZERO DEBT in personal life or business!!!
-INCOME: over $500k/yr and increasing yearly
-10 yrs later I have a paid off house $750k.
-$550k in brokerage account. I invested $100k in 8 stocks in March of 2019 during the Covid crash. Sold some and rebought during dips. Mostly dumb luck I guess.
-another $200k in a simple Ira. Mutual funds.
-$550k in my business account. I owe 90k in taxes out of this.
-$290k in a cd with money from my business account.
-$270k in high yield savings account CIT.
-$272k in another high yield savings Citizens access.
So my problem is what to do next. I want to continue the exponential success but I’m kind of getting overwhelmed with where I should go next. I’m terrified of losing what I’ve made. Part of me wants to keep buying and holding stocks long term with my $550k in the brokerage account bc honestly it’s making loads at the moment. Another part of me wants to sell all stocks and invest in mutual funds or index funds until some other major crash. I don’t have the time to learn about stock investing so I just try to buy on bad news…. Thoughts?? what would you do in my position given my limited investing knowledge
I wouldn’t wait to time the market — anyway, your next set of idiosyncratic stock picks may not perform well. With your income just keep steadily investing, and you’ll not need to think about money much again in a few years.
Statistics: Posted by theorist — Wed Oct 30, 2024 2:43 am