I'm 31, where/how should I invest my money?

I'm 31 years old, single, no kids, I make $85K a year. I currently have $130K in a savings account but only $20K in stocks and I contribute the max to my Roth IRA. At my age should I have a larger portion of my money in stocks?

Keep yourself a ~2 month cushion in liquid assets (cash) so you'll be covered in the event of a layoff.

Keep the rest in equities based on broad, stock-based indexes like the S&P 500. You don't need to worry about income investment or balancing into bond funds yet, as long as you keep enough liquidity. You can let your investments grow for decades and not worry about occasional bear markets. Obviously, you should tax-defer as much as you can in IRAs, etc.

I think you should invest in me!!! LOL

No honestly, your doin great! I'm 21 and have a roth as well. It's great to have. I don't think your doin ne thing wrong.
Don't let other people tell you what to do with your money =)

umm... i'm not sure, but invest in mcdonalds, they make lot's of money, and their "m" is known around the world, it's even known more than the cross

Do you speak with a financial advisor regularly? You should if you don't. They will have great advice on what you can do with your money. At such a young age you have a lot of time (more than a lot of people) to still invest more money and do other things with it to ensure you are happy in retirement. My advice is to speak with a financial advisor/planner and see what they can do for you. There is more out there than you might think. Mutual funds might be something to look at as well.

Find a personal financial advisor, one that does not sell financial products. With that much cash, springing $200-$400 to get professional advise is worth it. If you don't own your home, remember to keep some for down payment, ditto on new car if that is in short term future.

My advise would be stock market via mutual funds - but my advice is free and worth about that much.

since your a newb at investing, I suggest head to nearest financial advisor .. well not the nearest but the best one.

and never never buy something people here tells you to buy or buy something that your friend told you to buy without doing major research on that investment

I'd say you could afford to at least put some money in a mutual fund. Stocks are obviously more volatile than savings accounts, but you can make a lot more. If you have the time, I'd begin doing some research, with the amount of savings you have, you can invest a significant amount and still have your cushion.

yes.
rule of thumb is 120-your age=% in stocks.
so in your case 89% stocks 11% bonds.
this is after you set aside 6 months of living expenses in case of emergency.

start dollar cost averaging into your favorite diversified funds immediately and spread it over the next 24 months so any market dips and peaks are averaged out.

Buy a house and invest all your savings in stocks (With the help of a Portfolio Manager with over a decade of experience in the Stock Markets like myself)

I agree you should have more of your money in stocks, and you should manage your portfolio yourself, with the application of the correct strategy you can conservatively make 2%-3% per month on your money.

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