Hello everyone! I've been lurking in the FI community for a while, and for the last 18 or so months I've finally been in a position to really dive in and try some different investment options.
My current situation looks something like this:
- I am currently in my mid-to-late twenties
- I have a comfortable amount of living expenses allocated for Cost of Living and emergencies
- I have no debt.
- I make approximately $60k a year
- I have maxed out my employee 401k match
- I fund my Roth with a few hundred dollars a month, maxing it out every year with a lump sum as I approach the contribution deadline.
Here's where I may have made a misstep: I got really entranced by the whole concept of FIRE, so I started a taxable Vanguard account as soon as I felt able in order to have something that I could immediately draw upon if I hit an amount that I could attain FIRE. But after doing a bit more reading, I realized this was probably not the smartest or most efficient way to allocate my resources (Though certainly far better than letting it sit in a checking account or buying a fancy car).
It boils down to two questions: Should I stop contributing to the taxable Vanguard Fund and return to the standard investment order (At least until I increase my salary substantially)? And if I do stop contributing to Vanguard, should I let what I have already invested stay in the account and reinvest the dividends (Around $20k), or should I invest it elsewhere?
Thank you for your time!
