I’ve never posted on Reddit before, so bear with me.
I’m 21 and currently have about $50k sitting in a checking account. I own 2 single-family rental properties that cash around $1,500/month total. Other than that, I don’t have any investments in the stock market right now.
I’m in college and have enough money set aside to cover my living expenses for at least 2 years, not including this $50k. No debt of any kind, paid off car etc.
I used to invest in stocks in high school but ended up cashing out to buy my rentals. I understand that historically the market “always goes up”, but I can’t shake the feeling that it could crash right after I invest. Due to the way it’s been going and how it seems every time it should go down it doesn’t?
Am I overthinking it? I know it’s ironic and everyone at one point has thought this about the market, but I just feel like it’s just going to crash like a house of cards the way it’s going.
I’m not sure what the best use of this money is. I’d like to eventually buy a primary residence, but that’s probably 2+ years away.
Any advice or perspective would be appreciated.