I'm 37 years old, single. No debt. I receive gov't disability, only $14K / yr. I live with family. I do not own a home, but I’d like to someday.
Given that I don’t know when I’ll be back to work, if ever, I am wondering how to allocate my portfolio savings, roughly $87K. Should I invest aggresively to try to grow the money or should I be conservative?
My goal is to not use this money until retirement age. However, If I purchase a home in the coming years I may have to use about 1/3 of it. Perhaps whoever is giving the advice could estimate their answers based on both scenarios.
I am a relatively inexperienced investor, and I could really use some good advice. My current allocation below:
$6K in one individual growth stock (averaging 70% return for the past 5 yrs)
$32K in a Roth Ira (Total Stock Market Index fund)
$6K in Total Stock Market Index fund
$6K in Total Bond Market Index fund
$37K in a CD (annual rate 3.95%)
Some ideas: I was thinking of replacing Total Bond fund with individual stocks, maybe even adding to the stock I have that's doing so well. Should I be agressive and move most money out of the CD and invest it all in mututal funds? Should I play it safe and get individual bonds even though I'm relatively young?
P.S. If don't know if I'll be able to add to this savings. This year I'll try to put away about $2K, if anything.
Many Thanks.
Given that I don’t know when I’ll be back to work, if ever, I am wondering how to allocate my portfolio savings, roughly $87K. Should I invest aggresively to try to grow the money or should I be conservative?
My goal is to not use this money until retirement age. However, If I purchase a home in the coming years I may have to use about 1/3 of it. Perhaps whoever is giving the advice could estimate their answers based on both scenarios.
I am a relatively inexperienced investor, and I could really use some good advice. My current allocation below:
$6K in one individual growth stock (averaging 70% return for the past 5 yrs)
$32K in a Roth Ira (Total Stock Market Index fund)
$6K in Total Stock Market Index fund
$6K in Total Bond Market Index fund
$37K in a CD (annual rate 3.95%)
Some ideas: I was thinking of replacing Total Bond fund with individual stocks, maybe even adding to the stock I have that's doing so well. Should I be agressive and move most money out of the CD and invest it all in mututal funds? Should I play it safe and get individual bonds even though I'm relatively young?
P.S. If don't know if I'll be able to add to this savings. This year I'll try to put away about $2K, if anything.
Many Thanks.