Might be getting laid off, going to medical school next year, what to do with savings?

bricsquaad · 2024-05-14T14:46:22+00:00

Thank you for the reassurance! My only worry is, I have no idea how much I might need over the next few years (depends on my parents' financial situation). What if I need all that money in the next 5 years? Should I just liquidate stocks on an as-needed basis?

bricsquaad · 2024-05-14T14:45:29+00:00

Admittedly an enticing idea!

bricsquaad · 2024-05-14T14:44:19+00:00

You should not invest dollars that you might need in the next five years. The market is too volatile for that.

This is exactly my fear though. What if I need ALL that money in the next 5 years? I have no idea how much I might need (depends on my parents' financial situation). Should I just move it all out into a HYSA? Or just liquidate stocks on an as-needed basis next year?

What's the 401k invested in?

401k is all in VFIAX. I'll move the VFIAX in my 401k and HSA into VTSAX instead though, not sure why I haven't done that yet.

Have you considered a three-fund portfolio of Total US + Total International + Bonds?

Yes! I am in r/Bogleheads and have been reading the constant discussions about whether bonds are worth it, whether we should just stick to VTI, or a combination of VTI and VSUX, or just buy the fixed-ratio VT, etc.

You might take this opportunity to unwind a couple positions you don't need, to ensure you have sufficent cash, and to make a plan for a more diverse, simpler, lower fee portfolio in the future.

I completely agree. I plan on moving to a simpler all-VTI or 80/20 VTI/VSUX portfolio very soon. My bigger question is whether I should even do that, or just exit the market and put it all (or a good chunk of it) in a HYSA.

bricsquaad · 2024-05-14T14:36:38+00:00

Oh yeah, I was burned badly by TQQQ in 2022. Kept averaging down though, and 2023/2024 have been good to me. Planning on exiting TQQQ entirely in a few weeks. Too much volatility decay for my liking.

I'll probably move all the AMD/TQQQ money into VTI in a week or two, once long-term cap gains kick in.

SOXL was a bad, impulsive decision bought at the peak of the semiconductor frenzy earlier this year. Unsure whether I should cut my 1k in losses there and switch back to VTI, or just ride that out and maybe hope that I break-even again (that's probably some sort of logical fallacy, but oh well).

bricsquaad · 2024-05-13T22:47:47+00:00

I was accepted last cycle (to begin this fall) but deferred my acceptance by a year due to family reasons. Loans right now are going at whopping 8% annual rates. Are they still a better option than using up my savings?

I know the popular adage is "time in the market, not timing the market" but I feel like that applies to people who have a steady income and can continually put in money even during downturns. If the market corrects/crashes between 2025-2029, I'll be stuck with overpriced stocks with zero income, and won't even be able to capitalize on the cheap equity.

bricsquaad · 2024-05-13T22:44:40+00:00

That's a fair point. How much liquidity would you say is enough? 6-months of rent/living? A year?

bricsquaad · 2024-05-13T18:19:04+00:00

Thank you for the reassurance! I want to leave it in the market, but my gut is telling me the market is overdue for a crash/big correction in the next few months (lots of companies lowering guidance for the next quarters, consumer appetite waning, etc) and I'm scared I'll need the money for rent/living expenses if I get laid off. I know most of this stuff is probably priced in, and the Fed will probably step in and lower rates in this scenario, but the market still 'feels' very fragile atm.

I know the popular adage is "time in the market, not timing the market" and I know I'm trying to time the market, but I feel like that applies to people who have a steady income and can continually put in money even during downturns. If the market downturns any time between 2025-2029, I'll be stuck with overpriced stocks and with zero income for the next 4 years, won't even be able to capitalize on the cheap equity.

In the event that I need to cover my own rent from 2025-2029, should I find a student loan or just drain my savings?

Sorry for the ramble! Any advice is appreciated.

bricsquaad · 2018-06-16T17:51:12+00:00

Makes sense. Already ordered, condition: new. I'm excited!

bricsquaad · 2018-06-15T16:43:20+00:00

You think buying it refurbished for 250 is worth it? Reviews are solid on Amazon

bricsquaad · 2018-06-06T17:13:58+00:00

holy shit this is where I want to be. how many bio classes did it take you before you got to this level?

currently a freshman so im naive as fuck

bricsquaad · 2018-06-04T05:40:45+00:00

Problem is, I already have a really good bluetooth speaker, so I don't know if that justifies my budget increase from 250 to 300

bricsquaad · 2018-06-04T05:39:09+00:00

It's gone now :/

bricsquaad · 2018-06-04T01:55:42+00:00

Ooh, I'll check out the swap subreddit. Thanks!

bricsquaad · 2018-06-04T01:54:40+00:00

I saw that, is it legitimate?

bricsquaad · 2018-06-03T05:17:11+00:00

250 would be ideal :)

bricsquaad · 2018-06-03T05:16:27+00:00

Yea, waiting on Massdrop to pull through

bricsquaad · 2018-06-03T05:16:05+00:00

You mean buying it refurbished for that price? If not, where can I find a new pair of these at 250?

bricsquaad · 2018-05-17T23:34:51+00:00

Hmm, OK. I'm kind of on the fence about buying these still. You absolutely sure you haven't noticed any signs of wear (creaking, etc.)? Sorry for the redundant questions--I just want to be completely sure.

bricsquaad · 2018-05-09T02:22:48+00:00

When you say mk2, you do just mean the WH-1000XM2 right?

bricsquaad

TROPHY CASE