Hey all, I make $65k/year and have a savings of $30k just sitting there. I have no debts, no car payment, my credit card balance is always sub $500, I pay $1000 in rent (only because its close to work), and my internet and water are free. My expenses are fairly low all things considered.
I've been curious as to how I should be investing my money now that my paranoid self has secured enough of a savings to feel comfortable departing with some of it.
Any suggestions to a /biz/ newbie?
My intention wasn't to showboat my position in life, even where I'm at I still feel helpless and have a feeling I'm not being wise with my finances.
I'm an in-house graphic designer, excelling in photoshop and premiere. (age 27)
Good on you for your current success in such a volatile industry. The constant changes and advances make those skill-sets obsolete quickly unless you can keep up with the change and out-perform. If you want to play super super safe and get a decent return, then firing up a CD would land you some decent cash in the mid-term run, although many would argue that at $30k, there are better investment options that are just as safe.
I see this meme posted here often. How reliable would either venture be? I honestly see no harm in purchasing a small stake in Ethereum if it has any chance of even scratching Bitcoin levels.
I'd be uncomfortable risking my entire savings so soon. I'd rather start with a $10k base and see how I perform before going all in.