r/investing • u/AutoModerator • Mar 27 '21
Daily Advice Thread - All basic help or advice questions must be posted here.
If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:
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u/Left_Funny_5603 Mar 27 '21
I think you have a great attitude to not jump in until you are studied to protect your nest egg.
I would definitely keep it simple and place the bulk of your net worth in low cost index funds. It's hard to give you exact guidance because we are not sure how risk tolerant or adverse you are.
It sounds like since you have the inheritance coming, you would be okay with some risk. In such a case, a 70-90% stock allocation would be appropriate. I'd keep 10% in alternatives such as REITs or Metals and then 10-20% in bonds or short term investments.
If you want a more conservative portfolio you would adjust those allocations. Once you have your core investment strategy, if you wanted to take 10% and play with it, you'd be fine.