30s couple - looking to take advantage of favorable situation
Hi everyone! Using a throwaway for privacy. My wife and I are in a privileged financial position and want to make the most of it, with an eye toward the future, including possibly kids. Current situation:
Mortgage: 4.5%, 25-year term. Payments start in ~3 years Fixed rate for first 3 years, and then re-adjustment with the bank.
Liquid Assets:
- 40,000 EUR in cash
- 34,000 EUR in checking accounts
Investments:
- 4,000 EUR in bank-tailored stocks
- 16,000 EUR in Core World ETF (through app)
- 23,000 EUR in RSU from previous company (fully vested, taxes paid)
- 39,000 EUR in RSU from current company (fully vested, taxes paid)
- 12,000 EUR in pension fund, matched from employer
Monthly Income: 6,000 EUR ~15,000 EUR in RSU per year (vested every 3 months)
Expenses: ~3,500 - 4,200 EUR for everything (bills, entertainment, travels)
No other debt Tax context : EU based (15% on capital gains from stocks)
Looking at this, it's clear we're holding too much cash. Questions:
Is it reasonable to move most of the cash into ETFs (Core World or S&P 500), given the mortgage doesn't start for ~3 years? (Afraid of all eggs in one basket situation)
Does gold make sense as a place for some of the cash right now?
Our bank offers a fixed 3.5%/year savings account - worth using for part of the cash instead of ETFs? The funds are immediately available.
Should we sell down the RSU concentration and diversify into index funds?
Appreciate any input, especially on how to think about the multi-year runway before mortgage payments start. Thank you in advance!