Country: USA
Income: Only income is from current investments. I might be starting an internship soon, but that will only last until I go back to school in the Fall.
Risk Tolerance: Very high.
Timeframe for Investment: Unknown, probably at least 5 years. I'm a frugal spender, and building wealth turns me on. So I'm not really looking to just cash out everything one day and go wild.
Debt: None.
OK here's my current standing: I went to a financial advisor in early 2009, and as a result have a little over $75K spread out in these mutual funds (American Funds):
- Capital Income Builder
- Capital World Growth and Income Fund
- New World Fund
- Europacific Growth Fund
- The Growth Fund of America
I'm more educated now and realize that getting loaded mutual funds was a mistake. However, those are sunk costs. I'm fine with just leaving this money where it is.
However, I have $40K more in the bank (and $8K in Full Tilt that I'm hoping to get paid back soon), making my total net worth a little over $130K. I'm looking to keep at least $5K liquid. I'm living at home/living at school, which my parents are paying for, so I practically 0 expenses. I'm thinking about just dumping it in an index fund, but I'd been willing to take on more risk if I can get higher EV somewhere else. Where should I look?