Hello! I am relatively new to the world of financial independence and am loving driving my expenses way down and saving/investing for the first time ever.
After reading A Simple Path to Wealth by JL Collins, I invested 100% of my savings are in VTSAX: about $26,000 in a taxable brokerage account, $6,000 in a traditional IRA, and a Simple IRA account from my employer that I plan to max out each year. I'm about to sell my house, and anticipate having an additional $85,000 to invest. My annual expenses are around $28,000, and I make $56,000 a year. I plan to invest the difference.
My question is this: I'm concerned about the recent reports of there being a 1 in 3 chance of a recession by 2020. Is it foolish of me to have everything in VTSAX? Does anyone have recommendations about what I should do with the $85,000 from the sale of my house? I know JL Collins says to just keep it simple and ride it out, but are there other perspectives I should be aware of? I'm 36 and love my work, so even after reaching financial independence, I will probably keep working at least part time. Thanks so much!