I am 22 years old and graduated college this past year. My annual salary is $85 K (12% goes to 401K) and my rent is $1,300 per month (I live in Manhattan).
I have no debt, and $10,000 for an emergency fund set aside from previous jobs and internships.
I recently came into an inheritance of ~$50 K from family, and have no clue where to put this amount of money. I’m incredibly fortunate to be in such a position, but I’d like some advice as to how I can maximize my savings or invest with moderate risk in the long-term, as my salary covers my current living expenses.
Any help would be appreciated!