I recently liquidated a corporate bond investment account due to credit risks in private loans. A lot of the companies the fund lended to were auto lenders. When I got into the details it looked like too much risk for the 5% yield given the private credit markets risks. Decided to get out while I could.
Now it’s sitting in a money market account earning 3.28%. Looking for what options there are in the market. Want to avoid private credit, juice isn’t worth the squeeze anymore. Also don’t want to put it in a CD. I know everyone so going to say VOO/VXUS. Looking for other ideas. No crypto.
For context I’m 30, I make 70k a year now, but at the end of next year my income will increase to about 300k. I have about 250k in taxable investments and 30k in my retirement account currently.
(Before everyone points out the jump from 70k to 300k, I’m a resident physician. When I become an attending next July I’ll go from a resident salary of 70k to an attending salary of 300-400k. There’s no ramp up in salary over decades, it’s overnight the day you graduate residency and start as an attending).