Just a disclaimer—I’m basically a complete amateur when it comes to trading/investing. I recently converted my Schwab account from custodial to individual. The $10K in cash was previously 100% invested in META but was sold last year while my late grandmother’s estate was being settled (apparently due to a failed attempt by a family member to liquidate the account, but that’s beside the point).
Now, I’m trying to figure out what to do with it since it’s just sitting there. I don’t have a specific investment timeline in mind. I’d say I’m fairly risk-averse (I think ???) but wouldn’t mind gambling with a portion of it. I saw people talking about shorting Tesla a few days ago, which piqued my interest, but I’m assuming that ship has sailed (?)
Beyond this $10K, I’d like to start investing a portion of my income regularly and am wondering if/how I should use this account for that. Right now, I contribute the standard 15% to my 401(k) and about 11.5% of each paycheck to my HYSA (which already has over $50K, so it probably makes more sense to shift toward investing rather than saving).
Would appreciate any thoughts on how to allocate the $10K and general advice on structuring my investments!