Poll

I'm about to receive 70k, what would you do with it?

Absolutely VTSAX with the entire amount!
30 (88.2%)
Hell no, not with this market, straight into savings account!
0 (0%)
Invest in something else
2 (5.9%)
Spend it all! not...
2 (5.9%)

Total Members Voted: 33

Author Topic: 70k - straight into VTSAX?  (Read 833 times)

doneby35

  • Bristles
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70k - straight into VTSAX?
« on: January 18, 2018, 11:41:16 AM »
Just sold a house and decided to be a renter instead. I'll be getting 70,000 from the sale.

Age: 32
FIRE: 40 (if everything goes according to the plan)
Net worth with the 70,000: 200,000
Yearly living expenses: 25,000
Savings account: 10,000
Yearly salary: 110,000
Debt: 0

What would you do if you were in my shoes?

I'm a red panda

  • Walrus Stache
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Re: 70k - straight into VTSAX?
« Reply #1 on: January 18, 2018, 11:53:32 AM »
Per my asset allocation, it wouldn't all go to VTSAX, but i would split it between the 4 funds I have in my Vanguard portfolio. 

Lady SA

  • Bristles
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  • Location: Midwest
Re: 70k - straight into VTSAX?
« Reply #2 on: January 18, 2018, 11:58:42 AM »
I would dump it all into VTSAX - here's an article explaining why: http://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/
As long as you have the cojones to hold it through the coming downturn (and it is coming! Just don't know exactly when), you'll come out fine on the other end.

doneby35

  • Bristles
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  • Posts: 277
Re: 70k - straight into VTSAX?
« Reply #3 on: January 18, 2018, 12:55:54 PM »
I'm glad that the results are confirming what I planned to do with the money, makes me feel much better now.

2Birds1Stone

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  • K Thnx Bye
Re: 70k - straight into VTSAX?
« Reply #4 on: January 18, 2018, 03:43:47 PM »
$70k buys you a lot of H&B, that's my vote.