-Cliff notes: started a company in November 2014.
-Current Age 41
-ZERO DEBT in personal life or business!!!
-INCOME: over $500k/yr and increasing yearly
-10 yrs later I have a paid off house $750k.
-$550k in brokerage account. I invested $100k in 8 stocks in March of 2019 during the Covid crash. Sold some and rebought during dips. Mostly dumb luck I guess.
-another $200k in a simple Ira. Mutual funds.
-$550k in my business account. I owe 90k in taxes out of this.
-$290k in a cd with money from my business account.
-$270k in high yield savings account CIT.
-$272k in another high yield savings Citizens access.
So my problem is what to do next. I want to continue the exponential success but I’m kind of getting overwhelmed with where I should go next. I’m terrified of losing what I’ve made. Part of me wants to keep buying and holding stocks long term with my $550k in the brokerage account bc honestly it’s making loads at the moment. Another part of me wants to sell all stocks and invest in mutual funds or index funds until some other major crash. I don’t have the time to learn about stock investing so I just try to buy on bad news…. Thoughts?? what would you do in my position given my limited investing knowledge
-Current Age 41
-ZERO DEBT in personal life or business!!!
-INCOME: over $500k/yr and increasing yearly
-10 yrs later I have a paid off house $750k.
-$550k in brokerage account. I invested $100k in 8 stocks in March of 2019 during the Covid crash. Sold some and rebought during dips. Mostly dumb luck I guess.
-another $200k in a simple Ira. Mutual funds.
-$550k in my business account. I owe 90k in taxes out of this.
-$290k in a cd with money from my business account.
-$270k in high yield savings account CIT.
-$272k in another high yield savings Citizens access.
So my problem is what to do next. I want to continue the exponential success but I’m kind of getting overwhelmed with where I should go next. I’m terrified of losing what I’ve made. Part of me wants to keep buying and holding stocks long term with my $550k in the brokerage account bc honestly it’s making loads at the moment. Another part of me wants to sell all stocks and invest in mutual funds or index funds until some other major crash. I don’t have the time to learn about stock investing so I just try to buy on bad news…. Thoughts?? what would you do in my position given my limited investing knowledge
Statistics: Posted by DaveRamseyfan — Wed Oct 30, 2024 12:33 am — Replies 0 — Views 153