quote:
It feels wrong to have $20,000 just sitting in the bank earning practically nothing so I'd like to put 35-50% of that in an additional savings/retirement fund.

I would look to be more toward the 50% end of the spectrum. Obviously, that would put you over the Roth limit, but not a bad idea to get an additional standard brokerage account going.

quote:
I'd like to get an idea of what's out there and funds to invest in.

Yeah, just pick out a couple ETFS and allocate very aggressively (at least 90% equity if not 100%). Just to warn you, a market "correction" is assumed to be very likely over the next 6-12 months; however, this should really not affect you at all given your time horizon.

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Posted by STLhog

Nashville, TN

Member since Jan 2015

17742 posts

Posted on 5/26/15 at 2:25 pm to Lou Pai

Open a brokerage account and buy a bunch of mutual funds.

Many offer a ton of free trades to begin with, if not low fees.

You can get in and out pretty easily and earn a lot more than the savings account.

Get one of the higher yield savings accounts out there. Barclays etc.

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Posted by Aubs10

Atlanta, GA

Member since Jan 2013

389 posts

Posted on 5/26/15 at 2:26 pm to Lou Pai

quote:
Yeah, just pick out a couple ETFS and allocate very aggressively (at least 90% equity if not 100%). Just to warn you, a market "correction" is assumed to be very likely over the next 6-12 months; however, this should really not affect you at all given your time horizon.

Yes, I've been told this by my dad. And I'll definitely go the aggressive route until I'm older.

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