[USER]

Advice needed: I started a new company about 14 month ago in the same industry I wasted 20 years of my life in corporate making crappy pay.

I’m currently 47m and wife 41. We were able to pay off our home 7 years ago, now worth about $425k. We have about $525k between investments in S&P and IRAs (managed at 1%) We are 100% debt free BTW.

I’m currently sitting on $235k 4.25%apy in my discover hysa. Question is what to do with the $235k?

I was thinking about investing in silver $25-50k after a friend said it looks like a big bump over the years (possibly).

With the political climate, I’m fearful of dumping the entire $235k into the same market.

I guess I’m just asking, what would you do? We have a new 22′ vehicle payed off, and 3 other used vehicles I payed cash for.

So no big purchaces forcasted in the near future.

My new company is doing very well but it’s dependent on getting new clients and I never know week to week.

However, I more than doubled my income of $65K my 1st year is buisness.

Wife brings in about $55-65k yearly. We are EXTREMELY frugal and simple people.

Both of our jobs are physical so anything could take one of us out of the industries we are in.

Any advice?

[Monique]

Invest in your investing education. Podcasts, books. Simple Path to Wealth and Psychology of Money are two good books to start.

To answer your question, put it in an S&P 500 index ETF (VOO or SPY). Continue to dollar cost average by buying every month.

Charles Schwab, Fidelity and Vanguard are all great options. I prefer Schwab but Fidelity is great too. I have both.

[Tom]

Retired guy here. The only thing you have to fear is fear itself. Not my line but applicable. How many years to retirement? Unless you are retiring in the next few years, I’d put it all in a Total Market Index Fund.

Let history be your guide.

The market has grown over any 15 year period you choose to point at.

Secondly quit paying 1% advisor fees. You are wasting $5,000 per year doing that.

[Joe]

First thing I suggest is to start reading. Any thing you can get your hands on about investing.

When you’re ready open a brokerage account and begin investing. I like low cost ETF’s that track the stock market.

[Author]

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