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re: Advice on moving my $10K CD to vanguard account and VOO fund
Posted on 2/11/20 at 8:16 pm to Tiger In the Swamp
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.
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