hi all,
I’m bout to turn 26 and currently I’m making around 2.5k biweekly after 401k contributions in a VHCOL city. My current cost of living is probably 2k, (rent around 1.35k and rest on food, groceries etc) my current company has a 401k match and I put 8% of my paycheck into it. Currently i have 122k in a HYSA, and 33.8k in my ROTH IRA and 70.5k in my 401k. I have taken initiative in starting to invest in my individual tax brokerage acc, with investing 300$ weekly ($180 in VOO and $120 in QQQM)
Not sure if this is the correct step in keeping less money in my HYSA or is it still a bit too low? My current plans with this money in the HYSA will most likely be buying a home / condo and using it as a downpayment in the next 3-5 years or maybe even earlier. I will still be contributing more money into the HYSA as i get paychecks but was wondering should i invest more into my taxable brokerage or not? any advice is appreciated, thank you!