Hey all, I'm hoping to get some advice on where to go from here or maybe be pointed to some helpful guides I can consult.
My husband and I are 34, we are pretty financially illiterate when it comes to investing, but we are good at saving and have landed a few good investments.
We earn roughly 150k together annually, save and invest as much of this as we can. Our breakdown is as follows:
Home worth roughly 300k, 190k mortgage at 3.6%
No other debts
~60k in 401k's for both of us, employer does not match so we haven't been contributing crazily
~50k in savings earning basically nothing, need to put this somewhere
16k in mutual funds
~250k in stocks
The issue with our stocks is that they are way too heavy in one pot. We have about 85% of our shares in TSLA, which has just hit a huge upswing.
We are considering selling off long-held TSLA shares to reinvest elsewhere, is this what we should be doing? Should we pay down our home instead?