Dropping the ball as I still have not accomplished my goals. Will seek to execute soonest.
a. Find investment vehicle for mom's savings account that I am building (currently at $5,600; saving $500/month)
b. Find account for long term savings. I am of the mindset that I would like to have two "pots" for my savings. One where I retain my money market account at $20k, which will form my emergency nest egg. The second account will be in a slightly more riskier fund (50/50 stocks/bond acct?) and will contain my long term emergency fund, which I would like to grow to $80k+. By doing this, I feel that most of my emergency fund will grow to at least match with inflation over the years.
Most of us are suffering through this dip in the marketplace, but I am all about riding this wave. It is about time for the marketplace to correct itself and coronavirus is the perfect reason for it.
Of the other assets, $33,213 is in my personal savings. 6021 euro is in my European accounts. Pulled out 2000 euro to transfer to US account. |