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Started By
Message
Advice on moving my $10K CD to vanguard account and VOO fund
Posted on 2/11/20 at 8:01 pm
Posted on 2/11/20 at 8:01 pm
I’m mid 30s and have a 401K through work that’s doing pretty good; $300K. I also have $50K of my employers stock that I contribute $10K to each year to grow for kids college, weddings, etc.
2 years ago I took $40K cash from my savings and set it up for CD laddering. I have $10K 2 years, $10K 3 years and $20K 4 years. The first one matures late March. All are around 2-3%.
My plan is to open a vanguard account online and put the first $10K in VOO or another recommended fund. Then do the same as the others mature each year. Is this a sound investment plan? I would plan to leave them in for 20+ years as this isn’t my emergency fund.
Also, I’m a little nervous about the vanguard website. Scared I’m on some knockout website that I’d be transferring my money to who knows where.
Let me have it money board. Tell me the pros and cons and any kind of advice or criticism will be well received.
Thanks for your time.
2 years ago I took $40K cash from my savings and set it up for CD laddering. I have $10K 2 years, $10K 3 years and $20K 4 years. The first one matures late March. All are around 2-3%.
My plan is to open a vanguard account online and put the first $10K in VOO or another recommended fund. Then do the same as the others mature each year. Is this a sound investment plan? I would plan to leave them in for 20+ years as this isn’t my emergency fund.
Also, I’m a little nervous about the vanguard website. Scared I’m on some knockout website that I’d be transferring my money to who knows where.
Let me have it money board. Tell me the pros and cons and any kind of advice or criticism will be well received.
Thanks for your time.
Posted on 2/11/20 at 8:16 pm to Tiger In the Swamp
quote:
Is this a sound investment plan?
I'm not sure what the "plan" is. You're moving $40k of savings into the market. You said you still have an emergency fund so what's the worry?
Posted on 2/11/20 at 8:24 pm to Oenophile Brah
quote:
I'm not sure what the "plan" is. You're moving $40k of savings into the market. You said you still have an emergency fund so what's the worry?
Maybe the worry is still losing money?
To the OP, my recommendation would be to open a Roth IRA. If you are over the income limit then I would do a backdoor Roth IRA. After funding your Roth for the year then I would look to invest the rest in a brokerage account and as most recommend, an index fund matching the S&P or a total market index fund.
Posted on 2/11/20 at 8:48 pm to bod312
quote:
y recommendation would be to open a Roth IRA
He has $400k investible, I would think he's heard of a roth.
Posted on 2/11/20 at 11:38 pm to bod312
OP mentioned other investments but not Roth and is uncomfortable w Vanguard website. I wouldn't assume they already do Roth. If married you can fund 2 Roth and get the entire $10k in. That's what I'd do.
Posted on 2/11/20 at 11:44 pm to Tiger In the Swamp
I'd also move some out of the employer stock to fully fund both Roths. That's a large chunk of your wealth to have consolidated in a single stock. Your livelihood is already tied to the company's success. I wouldn't want so many eggs in the same corporate basket.
Posted on 2/12/20 at 5:47 am to TorchtheFlyingTiger
It's $6k/each for a total of $12k.
Posted on 2/12/20 at 7:22 am to TheWiz
Or make 2019 Roth contributions until April 15 2020 then 2020 contribution for $24k total.
Posted on 2/12/20 at 6:06 pm to Tiger In the Swamp
look into the Ava Maria "Rising Dividend Fund" check fees and performance over the past 5 yrs or so....
Posted on 2/12/20 at 6:29 pm to tigerstripes
quote:
look into the Ava Maria "Rising Dividend Fund" check fees and performance over the past 5 yrs or so...
AVEDX
yield 1.17%
expense ratio .94%
5 years ago the stock was at 17.75 now @ 18.78
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