Country you live in: US
Income: $100k/yr
Age: 27
Risk Tolerance: uhh, med-high i guess?
Timeframe for investment: Retirement (...asap
)
Debt: $350k mortgage @ 5.75%
i'm kind of in the "lol dollar is going to collapse" mindframe, so i don't exactly have much faith in traditional investments per se, but at the same time i already have money locked up in it and i don't know much about anything anyway
i've got money in various places and i have no idea what i can/should do with it. maybe i need to talk with a financial advisor lol
~24k cash
~12k physical gold/silver (in-hand)
~4.5k in a rollover ira from a previous employer's 401k that is currently invested in nothing i think. i don't really know what i can do w/ this atm tbh, but its at wells fargo advantage funds and they appear to have the std variety of mutual funds/etc
~7.5k in a simple ira from a previous employer at wells fargo advisors. again, std variety of stuff i can likely allocate to
~15k in current employer's 401k that i have no control over. a pooled investment account run by someone, etc
~20k in 2 different universal life insurance policies through nationwide (~13k in one for me, ~7k in my wife's) that is kind of dual life insurance/investment vehicle. i have control over where these get invested, again, typical choices/allocation stuff
i think that covers everything. ~85k between cash/metals/current investments. i may be off here or there, but thats the basics
i've been buying silver (probably 10k in silver, 2k in gold) the past few months because i hate fiat bla bla bla. i still have some spare income to invest. right now i'm putting in the minimum for my 401k to get the maximum match (6% for 3%). my wife suggested paying off addtl principle on the mortgage each month, which is certainly an option.
even with the "lol dollar", i want to keep a certain amount of savings available should the worst happen (i'm only income-earner, w/ a wife and son at home)
thoughts on how i should diversity my current investments as well as where i should put any future monthly investment growth (probably a few hundred/mo)? should i just stick to using whatever "aggressive" options these various places mutual funds' offer? continue buying silver w/ spare income and/or paying off addtl mortgage principle?