| Other is 529.
I sold all individual equity holdings this month, and transferred everything to various mutual funds and the Vanguard Consumer Staples EFT. I did this for two reasons:
1) I decided it's just not worth the risk to invest in single stocks at this point, until I learn more about finance and security analysis. Until I become more educated, I'm really just making risky speculations, and I figure I should cut it out now before I'm dealing with significant amounts of money and risk.
2) I am confident we will enter another recession soon but no more than a year or two from now. In the meantime, I will continue maxing out 401(k)s, and dollar-cost-averaging mutual fund contributions, but also starting to pile up cash. We may use that cash for a down payment on a house one day, or we may throw it into the market if my prediction about a market correction comes to fruition. Either way, it seems sensible to not put every penny of discretionary income into the market right now. On the other hand, I don't want to try too hard to time the market, so I'll keep putting a few thousand in mutual funds each month for the foreseeable future. |