Personal Finance on Yik Yak | I’m freshly 21, with $58,000 w/ 60% in stocks/bonds, 40% in cash (high yields, savings etc.) What’s the next best step I can do with my money to increase it? Open to low-medium risk.

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Personal Finance 9w

I’m freshly 21, with $58,000 w/ 60% in stocks/bonds, 40% in cash (high yields, savings etc.) What’s the next best step I can do with my money to increase it? Open to low-medium risk.

Anonymous 9w

Keep enough in liquid stuff for safety, invest the rest in boring ETFs, put your effort into upping your job income

Anonymous 9w

Improve your earning potential. Max out pre tax accounts and reduce your taxable income

Anonymous 9w

I think you have too much cash and should not be invested in bonds. Max out your Roth IRA every year, and if you want to invest in real estate do it through REITs but beware a lot of that is through dividends which has tax consequences

Anonymous

#1 9w

Liquid as in (Cash, High Yield Savings)?

Anonymous

OP 9w

Yeah, hysa/money market for an emergency fund type thing

Anonymous

#2 9w

Got it

Anonymous

#5 9w

For the cash, I keep a decent amount as emergency and to pay for school (I’m in college). Thank you for the advice though and I’ll be sure to research REITs!