I just sold an apartment, and got a bit of money out of it. I'm living with family & have very low living expenses right now, and will for the next several years. Although there are no guarantees, obviously, this is a very stable living arrangement.
I won't be looking to buy another home for at least three years. I'm working and will be able to save at least 30-40% of my income until my living situation changes.
So, my question is, what should I do with the money that I got out of the sale? I've got all kinds of thoughts...put a chunk in a CD, and invest the rest? Keep enough liquid for a year or so emergency fund? Thoughts? I won't have any capital gains to pay, as I've taken a loss, FYI.
Do you have an emergency fund? I'd have that full first then CDS then Investing in that order when liquid cash appears.