It's been on my account for at least 3 years. Nothing ever seemed worthy of investing it. How does one find the confidence to invest large sums? Do you start small? How to get rid of the pressure knowing that money is just collecting dust?
Ask HN: I've saved up $80k USD. What should I do with it?
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Re: Ask HN: I've saved up $80k USD. What should I do with it?
#2https://www.schwab.com/resource-center/insights/content/does...
Just invest in a broadly diversified index fund.
Start here if you're a total beginner: https://www.bogleheads.org/wiki/Getting_started
Re: Ask HN: I've saved up $80k USD. What should I do with it?
#3Nobody can answer that seriously without knowing your situation in life. Age, family, job, etc.
Re: Ask HN: I've saved up $80k USD. What should I do with it?
#4Buy property, silver or gold.
Or - in the current climate shares in the airline industry.
Re: Ask HN: I've saved up $80k USD. What should I do with it?
#5Invest in local food and farmers.
Re: Ask HN: I've saved up $80k USD. What should I do with it?
#6Invest in local food and farmers.
Why? How?
Re: Ask HN: I've saved up $80k USD. What should I do with it?
#7This might already be you but if not it gives some useful advice for your situation: https://www.reddit.com/r/personalfinance/comments/geeq4t/i_h...
Re: Ask HN: I've saved up $80k USD. What should I do with it?
#8I would prefer to buy property any time. People will always need housing. So while the price of the property is pure speculation, rent is a nice steady source of income.
Re: Ask HN: I've saved up $80k USD. What should I do with it?
#9Nobody can answer that seriously without knowing your situation in life. Age, family, job, etc.
30, no family, software engineer, male
Re: Ask HN: I've saved up $80k USD. What should I do with it?
#10Short answer: Dump it all in VFIAX and ignore it for about 30 years.
Alternately, wait for the housing market freefall that is scheduled to hit about 180 days from now, and buy a foreclosure or two.
EDIT: Cosigning the above recommendation about maxing out a Roth IRA each and every year as well, and of course maxxing out any company-matched 401(k) options.