Got out of my groove, multiple moving parts, how to get back in rhythm.

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Jags4186
Posts: 5474
Joined: Wed Jun 18, 2014 7:12 pm

Got out of my groove, multiple moving parts, how to get back in rhythm.

Post by Jags4186 »

So from the age of 22-30 I was religiously investing every week into 401k, Roth IRA, and taxable accounts.

In 2016 I got married and from January-May I stopped investing in my taxable account and built up cash to pay for the wedding. I still maxed 401k and Roth IRA in 2016. Maxed Roth IRAs for 2017 on January 2, 2017 as well.

My wife and I then started saving for a house...so we started saving cash instead of investing in taxable. At the time in May 2016 I/we had about $60000 in taxable TSM fund and then stopped contributing and built up about $80k in cash by say April 2017. Then I got impatient and I put $50k of that cash into Vanguard Wellesley. Now I'm back up to $45k in cash with $115k in taxable accounts approximately $67k TSM, 53k Wellesley, 45k Cash.

Now I just started a new job and won't be eligible to contribute to the 401k until October 1.

So basically I'm all over the place and I don't know how to get back into a groove. I figure we're looking to purchase a house in spring 2018 and I'll need around $100-$120k for the downpayment, and another $10-15k for closing costs.

Everything was much easier when I didn't have any future plans...now I have no idea how to keep myself organized. Advice?
Avo
Posts: 1099
Joined: Wed Jun 11, 2008 2:21 am
Location: California

Re: Got out of my groove, multiple moving parts, how to get back in rhythm.

Post by Avo »

You need 110 to 135K within a year.

You have 115K in taxable.

I would put it all in cash now.
Grt2bOutdoors
Posts: 23322
Joined: Thu Apr 05, 2007 8:20 pm
Location: New York

Re: Got out of my groove, multiple moving parts, how to get back in rhythm.

Post by Grt2bOutdoors »

Avo wrote:You need 110 to 135K within a year.

You have 115K in taxable.

I would put it all in cash now.
+1.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
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