How should I invest my money? π°
My family currently has $175k in the stock market. Of that, $142k is from employee stock from an ESPP (it is an easy way to save). We have been concerned about an impending economic crash at the end of July as rents become due and unemployment ends . So far our stocks have continued to make gains, but that canβt last forever. We are considering making a safer investment for now.
Should we pay off most of our mortgage and refinance the rest? We have $191k left on our mortgage at about 4.1%. So if we paid off like $150, we would have a small loan left.
Should we invest elsewhere? Gold, bonds, bitcoins, etc.? Creating a more diverse portfolio?
Here are some more details about our finances to help: -We have no other debt other than our mortgage. We are currently in a condo, but would like to get a house eventually, but I think we are gonna wait to see what happens to the economy. π -We have a 2 year old. We started a GET college fund for her. So far we have $3500 in there. π§ -We have about $250k in retirement right now. π΄π» -Of our stocks, $88k are long term- older than one year. The rest we have had for less than a year. I know there are tax differences. βοΈ
Thank you for your input! π