Originally Posted by bigla
and he and his wife got about 45k in wedding presents. They asked advice about what to do with their money. They both earn a nice income, my DIL has regularly been saving for retirement (she's 30) and my son (age35) who just started earning some real $ is starting to put away for retirement.
Given the craziness of the market now should they:
1. Put 45k to their 6.25% mortgage
2. Put it into some short term CD's and see if the market settles down
3. Put it into the market now.
If into the market, the bulk of it would be in taxable accounts.
Your thoughts will be appreciated.
Wow! nice gift. Invest the money per asset allocation plan, if any.