I am very new to this, looking for any advice from the more experienced

[dmwones85]

Hello,

I have recently inherited approx. $100k.

I own my house, and have no debt other than student loans, that I expect to be forgiven via PSLF in about 6 years because I work for a non-profit/gov't institution. I have a good 401k at work that my employer matches as well. I am 38 years old. We do have an emergency savings account that goes up and down but is usually around $8-10k.

I have read through much of Bogleheads articles and am now just posting to the forum for more personal advice.

As of right now, I am considering at least some amount goes into a CD, and the rest index funds, maybe 2-3 stocks. Is this a good starting point?

Are CDs a good idea? And who do you recommend for the index or mutual funds? I have a friend in my running group who works for Stifel but before consulting with her (or letting her know about this money) I researched Stifel some, and they do not seem that great.

Any advice based on the above information would greatly appreciated. Thank you in advance.

[retired@50]

Any advice based on the above information would greatly appreciated. Thank you in advance.

Welcome to the forum.

To provide comprehensive advice it would probably be better if you posted using the Asking Portfolio Questions format.

You can edit your original post to conform to the desired format by using the pencil icon (button) in your original post.

Regards,

[retiredjg]

Welcome to the forum.

Nobody here is going to suggest that you invest in 2 or 3 stocks. But maybe you meant 2 or 3 stock funds and there would be a lot of support for that.

In order to get reasonable suggestions, you should consider posting your information in the format we use to help people with their portfolio questions. See the link at the bottom of this message for how to do that.

[dmwones85]

Any advice based on the above information would greatly appreciated. Thank you in advance.

Welcome to the forum.

To provide comprehensive advice it would probably be better if you posted using the Asking Portfolio Questions format.

You can edit your original post to conform to the desired format by using the pencil icon (button) in your original post.

Regards,

ok will do thank you

[aristotelian]

Any three stocks you pick would have the same expected return as the market but much higher risk. Not sure why you would want that. Seems like an excellent way to lose $100,000.

[FiveK]

Any advice based on the above information would greatly appreciated. Thank you in advance.

You could start with the
Getting started,
Prioritizing investments, and
Three-fund portfolio
wiki articles.

If that is sufficient, great!

If you think more personalized advice is needed, see the link retired@50 provided, and indicate (to the extent you are comfortable sharing) what might make the standard advice not applicable to your situation. Good luck!

[RyeBourbon]

Also, read this article.
https://www.bogleheads.org/wiki/Managing_a_windfall

[Doctor Rhythm]

As above, please do post your financial info to get better advice. Here’s some general advice though.

1. $8-10K seems a bit low for an emergency fund. Six months of expenses is often recommended for an emergency fund.

2. CD, index fund, bonds — these are great or terrible ideas depending on your goals. When you re-post, be sure to say what your goals are. We tend to assume it’s for retirement savings, but if you’re looking to buy a home, go back to school, etc., be sure to explain

3. “2 or 3 stocks” isn’t something this forum recommends. Two or three index funds might be appropriate (see #2).

4. Don’t depend on friends for financial advice. Especially friends in the industry. Sorry.

5. Vanguard, Schwab, and Fidelity are sort of the big 3 on this site for low cost, passive investing. Any of them are fine. Other brokerages may be good too, but there are a lot of terrible places as well.

[peteyboy]

While you are deciding what to invest in longer term, consider opening a brokerage account a put the money into a Money Market Fund to get the 4+% interest. A Vanguard account uses VMFXX as its settlement fund. VMFXX is currently paying about 4.5% interest. Thats $375/mo while you're trying to figure out what to do.

If you want to put some of your money into the stock market consider a total market index fund such at VTSAX, or its ETF equivalent VTI.

[billfromct]

You don’t mention if you have Roth IRAs or not, but you can open & fund a 2022 Roth IRA up until 18 April 2023 ($6,000 each) as well as your 2023 contribution ($6,500 each). The Roth IRAs are bought with after tax $s but grow tax free & can be taken out state & Federal tax free after age 59.5.

Something to think about to build some tax diversity in your retirement accounts.

bill