I am brand new to investing. No 401k, IRA, HSA etc. No debt. 150k in bank that could be invested immediately. Already have emergency funds etc. I am 39. I do not currently have a job but will be picking one up soon, in early stages of starting my own business.
All the books I’ve read so far speak of maxing out the 401k, Roth and HSA. These are not currently available to me without an employer. My question is, do I wait until I am employed to begin investing so that I can do so via these recommended accounts or is there a different type of account that I should open now & put in a large sum?
I just finished the Simple Path to Wealth, currently working my way through Ramit Sethi’s book and the Bogleheads book. I feel like I have a handle on the aforementioned investment accounts (Roth, 401k etc) from my readings but still haven’t figured out what to do if not a candidate for these. I have much more to learn but wanted to pose this here. Would love to know what you might do if you were me, especially considering my age. Thank you!
One more thing, I keep hearing how AI will upend all of this, is this something you guys are giving any credence to?