younginvestor2013
Recycles dryer sheets
- Joined
- Feb 6, 2013
- Messages
- 226
Hey all,
I know this question is asked a lot. But I'll ask again
I sold my home and bought a new one and ended up making a decent chunk of change. Combined with my year-end bonus, etc., I've got about $40k in extra cash on hand. Emergency fund is fully funded, and I will be maxing out my 401k and Roth IRA this year thru my normal salary.
Given the all time market highs, does it make sense to invest this lump sum according to my asset allocation? I was thinking of dollar cost averaging it over the next 8 months? I don't have any immediate need for this money in the next 5 years.
Here are my stats:
Age: 30
Annual Income: $110,000
Cash/Emergency Fund: $35,000
Roth 401k: $100,000
Roth IRA: $120,000
Taxable Investments: $170,000
HSA Savings: $10,000
Extra Cash on hand to invest: $40,000
Mortgage: $375,000 @ 3.5%
I know this question is asked a lot. But I'll ask again
I sold my home and bought a new one and ended up making a decent chunk of change. Combined with my year-end bonus, etc., I've got about $40k in extra cash on hand. Emergency fund is fully funded, and I will be maxing out my 401k and Roth IRA this year thru my normal salary.
Given the all time market highs, does it make sense to invest this lump sum according to my asset allocation? I was thinking of dollar cost averaging it over the next 8 months? I don't have any immediate need for this money in the next 5 years.
Here are my stats:
Age: 30
Annual Income: $110,000
Cash/Emergency Fund: $35,000
Roth 401k: $100,000
Roth IRA: $120,000
Taxable Investments: $170,000
HSA Savings: $10,000
Extra Cash on hand to invest: $40,000
Mortgage: $375,000 @ 3.5%