For a 30 year old, no debt, no kid, likes job, has unneeded $100,000 in bank earning 1%. Leave it there long term or into VTI (the broadly diversified stock market)? –@optrader0
Holy shit, I’m jealous of you. Thirty years old, no responsibilities, and $100,000 in the bank. Do you know how lucky you are?
So let’s see, you have two choices:
One, put it in the bank and never worry about it.
Two, put it in the stock market where it can either go up 6% on average or some years go down 30%. Hmmmm.
Why even consider Two? What would you have earned last year, for instance. Zero. After going 20% down at points. What a roller coaster when you could’ve just slept easy.
Cash is king. If I were you, I’d stuff it under the mattress. Don’t even put it in a bank that could go under. Use some non-bank like Fidelity.
“No worries,” should be your slogan. And when the time is right, take $1,000-2,000 and start your own business. If that doesn’t work, then take another $1,000 and start another business. And keep trying.
People get trigger happy when they have a loaded gun. They want to fire it. But the best gun is the one that stays loaded. Don’t risk your life for an extra ten cents.