Long story short, I have been blessed that my family fully funded my college tuition and I am completely debt free. In addition to that, some my funds were given to me to allow me invest in my future. Specifically, I would like to purchase property (if realistic) before December of 2007.
These are my current Assests as of Jan 21st, 2007:
Vanguard Roth IRA:
Vanguard STAR: 192.78 shares * $21.06 per share = 4059.95
Taxable Account:
Vanguard Total Intl Stock Index: 226.76 shares * $17.77 = 4000.05
Vanguard Target Retirement 2045: 207.90 shares * $14.44 = 3002.08
Vanguard Total Stock Market Index: 87.08 shares * $34.43 = 2998.16
Cisco Systems = 1500 shares * $26.70 = 40,050.00
Cash Available: $16,000 in a high yields saving account at emigrantdirect.com
Total Assests: $70,000.
Quite a chunk of change to handle for a financially dumbo. I really need some financial advise, and quick. The 1500 shares of Cisco Systems and $16k was just passed on to me via a custodial account my parents had setup for me. The rest has been from money I have saved from work and prior to work. Let me explain my current dilemma. TAX, TAX, TAX, and RISK, RISK, RISK. I am young and able to take a hit, but I would like to receive all the feedback I can about my current situation.
Sunday, January 21, 2007
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1 comments:
B2A - keep up with the Vanguard Funds - they are the best. I would consider selling the Cisco, because it represents a huge % of your portfolio. Try to save as much as possible, and get a cash warchest of $50k to buy a house in a couple years. Try to buy a house that is at the MOST 2x your income level. ps. - good luck with the blog; I'm proud of you for taking that step. Please post your balance sheet/income statements frequently. pps. - you'll see me posting on 2mil, PFBlog and others as CPA1298 (I don't yet have a blog)
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