Vanguard Capital
23 year old medical student, where to invest $100,000 with 10-15 year window?
I’m a 23 year old medical student. I’ve accumulated just shy of $100,000 in cash from various jobs, grants, scholarships, etc over the last 5-6 years and I’m looking for investment ideas with a window of about 12-15 years with a goal towards maximizing growth with no need for liquidity. I want to put the money away, not think about it, and have it grow at the rate of the market or better for 15 years, and pull it out roughly at age 40 or later (hopefully taking it out at peak value)
I’m been advised to look at the mutual funds, particularly the Vanguard 500, as well as low minimum hedge funds. Are there other options I’m missing? If mutual fund, what balance of stocks:bonds best suits my goals? Are there any other options that I’m not considering….venture capital, real estate, collectible beanie babies??? (kidding on the last one…but I’m open to anything)
Thanks for the advice.
GG
Where are you living? While I think the more expensive coastal areas will come down further (especailly considering the next round of foreclosures coming up), the houses are so cheap in some palces (less than$100k), they won’t go down much further.
The US could avoid inflation duing the next 1-3 years, but i t will be back with a vengence.With all the debt, there is not much of an alternative. Real estate is a much better hedge aginst inflation than gold – unless the country falls into such anarchy that property rights don’t mean as much as a guy with a gun, but this is highly unlikely, even if we do have a depression.
You have to be careful with hedge funds. A conservative hedge fund is actually safer than a mutual fund and will likely get better returns over the long run. However, because hedge funds have less tranparency, you could lose a lot quite easiliy (see “Bernie Madhoff”). I would want a fund that is consistently in the top 20% in performance, but never in the top 5% (too much risk).
Seriously speaking, I’m willing to bet that your parent’s have a good amount of investments. How did they do during the last two years? If they had a good advisor, they should have been abale to avoid a lot of the carnage. In that case, you could use the same advisor. If they DIDN’T avoid the carnage, perhaps they know someone that did?
IMHO, the last thing anybody would want to do right now is drop some money in mutual funds and let it sit for a decade or more. Too many headwinds.
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