{ "media_type": "text", "post_content": "When your annual bonus bonus drops and you’re so close yet so far from your 100k nw goal. Any thoughts on how to treat myself investing some cash in ETFs and index funds? In 23 and can probably take on some more risk. About $15k of the cash is tied up in CDs", "post_id": "5fe4adb395ce0d002f114833", "reply_count": 17, "vote_count": 4, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

When your annual bonus bonus drops and you’re so close yet so far from your 100k nw goal. Any thoughts on how to treat myself investing some cash in ETFs and index funds? In 23 and can probably take on some more risk. About $15k of the cash is tied up in CDs

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God damn haha when I was 23 I had just signed up for my second grad school loan to bring my total student debt burden to $175k haha I’m 30 now and just cleared +$100k myself Anyways I would read some books on investing to get your guidance, but given your age and position I would stick with primarily ETFs/ index like you said and like compound interest do it’s magic. Also, get rid of the CDs. You can get a high interest rate checking account like LMCU (3%) or many others that probably offer a better rate of return than any CD. There are a few annoying monthly things you gotta do (10 debit transactions) but it’s worth it to not have your money locked up but actually earning interest.

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Lake Michigan Credit Union. If you Google “high interest checking accounts” you will find a bunch other too (Evansville Federal Teachers Credit Union is another that does 3.3%). To open an account you will have to donate $5 to a charity (I think it was MLS? if memory serves) but not big deal at all

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Buy BABA on discount today for long term potential

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That’s just a lot of cash in general. More than 50% of your assets are too liquid for a 23 year old. Make that number less than 20% and you ll be good. Dump the rest into VOO ✌️

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ARKF has just been steadily increasing since creation, my favorite fund

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Curious, why not nix the loans

Aah valid valid

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Congratulations OP! As part of your investments, do you have 401k / Roth accounts for retirement?

I’m 23 too and my nw is around 35k... but I also missed out on all the great returns this year. how were you able to reach this already?

I’m also voting for getting rid of CDs. You’re too young for that unless you have short term plans for that cash. Drop them into some solid ETFs (ARK, VTI) or blue chip stocks (MSFT, AMZN) for a while until you find some other individual companies to invest in.

Which app is this?

mint

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