Up until now, I’ve just been saving an emergency fund in a HYSA. I’m getting to the point where I’d like to put excess savings into the market, and am looking at something like the VOO ETF. It seems things are essentially at an ATH right now, and there are a lot of big political things happening at the same time.
Would it be ill advised to buy into VOO right now? I could hold this in my HYSA but at the same time, I’m not needing this money for a while and long term I would think the market will continue to rise.
I know there was news a couple days ago about Berkshire Hathaway selling their S&P 500 ETFs, but this made up ~0.01% of their total portfolio.
Those are all great points. This would basically be a longer term general savings fund. I have other funds for retirement, education, etc.
I do have a goal of buying a house in the next 5 years, but that would basically be putting RSUs into this (or another) account as they vest over the next 5 years. So maybe this wouldn’t be the best choice for that type of strategy