Submitted by cdirks1 t3_ypummw in wallstreetbets
Where would you invest 30k right now? We have come into some inheritance money, and would like to see how other people would invest this money.
Background:
Couple in late 20’s that would like to buy a house within less than 5 years. From BC, Canada.
Person #1. Makes 60k a year. Has student debt. Student line of credit is 10k (7.45%) and owes 17k (0% interest) for the government students loans.
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Total debt = 27k of debt.
Total savings: has 10k of retirement savings, 5k for house savings.
Person #2. Just finished paying off debt and makes 90k a year. Has minimal retirement savings, around 3k.