Just got laid off from a dream job. Currently 30 with $40,000 sitting in a high yield savings account. Live in the US. Have a partner who has steady work and we have no kids so I’m fortunate enough to not be in total panic mode.
Wish I’d started investing years ago but didn’t and want to start now. My industry is pretty turbulent and I’m not sure when I’ll find work again.
Downloaded fidelity a month ago and started small just to get a ‘taste’ for how investing works. Put $250 in VOO and $250 in VT (I know now that’s a bit redundant) as well as $5 into GLD, SOXX, and VGT, as well as $10 into FCNTX.
This was based off comments I’ve read on various investing subreddits over the past month. Figure I’d dump small amounts into a few to try and get a ‘feel’ for how this all works. Ultimately gained about $7 and then lost it, my account rn is basically back to where it started a month ago lol.
As I approach the month mark, I’m wanting to go ahead and ‘commit’. Not looking to do anything crazy, just want solid reliable returns. Plan is to open up a Roth and max it ($7k I believe?) and then dump maybe $10k into VOO? Leaving me a little over $20k in my high yields as an emergency fund.
How does that plan sound, is there anything better I could be doing, is there anything anyone would recommend? Open to all feedback, a lot of what I’ve done already has been based on reading through the subs but this is my first time asking outright.
Thanks in advance.