31 - seeking advice on go-forward investment strategy
Hello all,
I’m 31 years old, currently in Sales so my income varies, but my base is $87,000 and I’m on track to make around $200,000 this year.
Im pretty familiar with the mentality around investing in ETFs and I’m mostly making this post for a reality check that my next move makes sense.
Quick overview on current finances:
Checking: $14,000
HYSA: $49,000
SGOV: $26,000
Roth IRA: $50,000 (all VTI)
401k: $80,000 (target date fund)
Brokerage: $28,000 (mostly RKLB, ASTS, LUNR)
Total NW: $247,000
Monthly spend is ~ $2500
On track to max 401k in the next couple months.
To my question - I think it makes sense to lump sum the cash in SGOV into VTI and maybe half of my HYSA? So about $50,000 into VTI. Still leaves me with $38,000 across checking and HYSA.
No big financial plans in the next 5 years.
Thoughts?
Edit - my overall go-forward investment strategy is just keep adding to VTI until ~7 years from retirement and then start moving to bonds, etc. but I’m facing a mental block with pulling trigger on the lump sum, especially with the current market