Don’t need access to the cash. I have a bachelors in accounting, so I know the basics, and yea, I just never had much money to play with prior, mostly just leaned on my matching 401k
Never mentioned your emo status
That's key
I'd play it with short term laddered cds
And learn about charting stocks, index , and bond chart - learn about their correlation , and the relationship of interest rates on financial instruments , like stocks
Better to learn imo during this time
Federal govt supported the bond market and stock market during COVID-19
Thing is they want their money back , so they are selling bonds , causing price to go down and interest rates go up....which deters capital investment and stimulation to the economy because less companies and people getting loans
As interest rates rise people , financial companies like to buy higher yield bonds because bonds generally ones being bought by them are insured and the interest rate are high and safer haven then stocks
Fed supported stock market as well, they want that money back as well , so they slowly taking it out, plus all the little guys and some big guys panicking
Inflation you see it...
So best to learn and wait till things settle down and decide , while in cds
Learn to read spy djia , 10 year and 30 year bond
Wait for a long term trend of stock market confirm, you probably miss because new but never know
Wait for bonds to establish support and then reverse or stabilize for a good while
You can't fight the fed
I'd say 2 years max but next year maybe mid cycle or little later , home prices will depreciate more , unless inflation gets crazy
When home prices drop significantly , I'd be a buyer
Something you can rent , guaranteed you generate cash flow...have to run numbers - include 10% vacancy discount to your net..people move out
If I could do it all over again
I'd always buy land or home
You will do well long term , it's no brainer
But your decisions when to buy anything is key
I was an accountant, I retired day trading when I was 36
I've reentered work force few times , was a contractor (print money) , substitute teacher , etc
I always been swing trading or long term - during COVID-19 lock down , went back to day trading , I then stopped in Dec 21
My goal was 30k per month which I hit - not much for some but a ton for me
Bought 2 more houses another cheaper state and beautiful one, I rent them out, one is on a beautiful lake and it's the retirement home. I haven't moved because my mother in law is 90 and my wife and I take care of her , I've always been debt free.
I tell you this not to brag but to inform you of my experience
And if you don't buy indivt stocks , buy ETFs
You can dm me if you want to ask questions
Life choices define us, choice slowly and wisely