Took a big dip in my investments for the last two months with all the global issues. All good; I'll stay the course.
No change to A and B below.
a. Find investment vehicle for mom's savings account that I am building (currently at $2,750)
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.
Of the other assets, approximately $500 is in a European account I need to close |