This is a little embarrassing to admit - but I know nothing about investing. I only know real estate and we now have 570K sitting in our Schwab account (from our most recent sale) waiting for us to figure out what to do with it. We were going to buy more real estate, but I want to wait to see what the market does, and I'm wondering if we should diversify more than we already have. My husband does have 400K in his 401K and 100K in stocks. He knows a bit more than I do, but not much.
My question is, where do I start? When I read through your posts, I have no idea what you are all talking about. I'm also VERY right brain and to be honest, have avoided the investing world. But I think it's time to figure this all out. Any suggestions on a first step?
Also, any suggestions on where to put this 570K until we know enough to figure out what to do with it?
My question is, where do I start? When I read through your posts, I have no idea what you are all talking about. I'm also VERY right brain and to be honest, have avoided the investing world. But I think it's time to figure this all out. Any suggestions on a first step?
Also, any suggestions on where to put this 570K until we know enough to figure out what to do with it?