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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 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 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....
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