re: if you were a 23, what would you do with 30k in the bank?

quote:

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He doesn't want to throw money away in rent.

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Thats a good idea as long as he's going to stay there for at least three years. Transaction costs will eat away any equity if he moves sooner than that.

If I was him, I'd continue to stay with my folks as long as I could stand it, keep whatever vehicle I have and put the money in an IRA 100% invested in a target retirement fund. If he keeps it up for a couple of years he could be done working in his 40s.

But that's just me. It really depends on what he wants out of life. He might not even know at 23.