Hi there,
I just opened up my first taxable account and put 40K into the Vanguard Total Stock Market fund.
I know the stock market is really high right now, but I didn't want to sit out any longer. Also, I figured that if it drops this year that I can tax loss harvest.
Was wondering if I should re-balance some of my other accounts (mainly - should I convert my Roth to REIT, so that I have some kind of diversification buffer in case the market drops, which everyone is saying it will?) All of my retirement accounts (132K) and a 529 with 8K are in S&P500 index funds. My Roth is at 30K.
I also own a 550k rental condo with 200K paid off, at 3.3% interest on the mortgage. I don't think it is a good idea to pay that off right now. No other debt.
BTW I am 2 years out from residency, 33, single, currently renting in a HCOL area.
I just opened up my first taxable account and put 40K into the Vanguard Total Stock Market fund.
I know the stock market is really high right now, but I didn't want to sit out any longer. Also, I figured that if it drops this year that I can tax loss harvest.
Was wondering if I should re-balance some of my other accounts (mainly - should I convert my Roth to REIT, so that I have some kind of diversification buffer in case the market drops, which everyone is saying it will?) All of my retirement accounts (132K) and a 529 with 8K are in S&P500 index funds. My Roth is at 30K.
I also own a 550k rental condo with 200K paid off, at 3.3% interest on the mortgage. I don't think it is a good idea to pay that off right now. No other debt.
BTW I am 2 years out from residency, 33, single, currently renting in a HCOL area.
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