Millennial ER Doc
Full Member
- Joined
- Sep 19, 2018
- Messages
- 11
- Reaction score
- 1
Hey all, I’m a new attending looking for tips on starting my portfolio.
For the sake of numbers, let’s say I’m grossing 300K annually, w/ plans to save ~100K: 60K ear marked for Vanguard (or other low risk index funds) and 40K for high-risk investments (real estate, bitcoin, staying liquid for an unanticipated business opportunity, whatever).
Since graduation this summer I have about 40K cash on hand, I’m planning on opening my Vanguard account soon, but am concerned that the stock market looks poised for a BIG correction.
So my question (especially for the attendings w/ experience circa 2008): should I stay mostly liquid until the market corrects? This may still be years away; or just go ahead w/ the plan and start loading up in Vanguard?
* I’m early 30s now and can ride out a bad 5-10 year market downturn, but it just seems to make sense to wait until the market plummets, with the thought that my cash would be worth more shares then.
** I’m going to run this all by my accountant within the next week or 2. I’ll report back on what advice they give me.
*** I’ll try to post screen shots of the S&P 500 and Nasdaq to show that it’s enjoyed 10 years of growth without significant correction. Hypothetically, if I was 55 or 60 years old, w/ 3,4 or 5 mil in Vanguard accounts, would there be a way to shelter that $ if I anticipated an impending market downturn?
For the sake of numbers, let’s say I’m grossing 300K annually, w/ plans to save ~100K: 60K ear marked for Vanguard (or other low risk index funds) and 40K for high-risk investments (real estate, bitcoin, staying liquid for an unanticipated business opportunity, whatever).
Since graduation this summer I have about 40K cash on hand, I’m planning on opening my Vanguard account soon, but am concerned that the stock market looks poised for a BIG correction.
So my question (especially for the attendings w/ experience circa 2008): should I stay mostly liquid until the market corrects? This may still be years away; or just go ahead w/ the plan and start loading up in Vanguard?
* I’m early 30s now and can ride out a bad 5-10 year market downturn, but it just seems to make sense to wait until the market plummets, with the thought that my cash would be worth more shares then.
** I’m going to run this all by my accountant within the next week or 2. I’ll report back on what advice they give me.
*** I’ll try to post screen shots of the S&P 500 and Nasdaq to show that it’s enjoyed 10 years of growth without significant correction. Hypothetically, if I was 55 or 60 years old, w/ 3,4 or 5 mil in Vanguard accounts, would there be a way to shelter that $ if I anticipated an impending market downturn?