Given the opportunity to save money after investing for retirement and having emergency savings, how would you suggest one use the rest of their savings? This question is two-fold.
First, what % of savings (after emergency savings) is safe or aggressive to put into the market? Is this % age-dependent?
Second, using that %, what type of investments would you suggest for short-term savings (5-10 years) vs. long-term savings (10-20)
For example, I am 26 with a savings goal to go on a year-long biking trip in 3-5 years. I’d like to start saving for this goal by putting a percentage of my savings away over the next 3 years. How would you suggest I effectively save this money to reach my goal?