I have crypto FOMO! ‘I’m too old to sit and hope I can make up for the lost time by safely investing my little bit of money’

I have crypto FOMO! ‘I’m too old to sit and hope I can make up for the lost time by safely investing my little bit of money’

Dear Quentin,

I have about $20,000 saved currently. I believe I need about $10,000, or a bit less, for a six-month rainy day/emergency fund. I have a $3,000-a-month pension. I am living with my ill father, and I am currently not working and looking for a job. I am going to college using the GI Bill.

I am almost 50, and have no 401(k) or anything. I have gone through a very bad time over the last few years and lost everything. My only debt is a $300-a-month car payment at 4% interest.

What should I do with this money?

I’m feeling the FOMO with the stock and crypto markets roaring. My money is just sitting in the bank — meanwhile, if only I had put $1,000 here or there, wow, I would have made great returns! At the same time, I don’t want to be one of those who jumps in at the peak just before markets start “correcting,” and it’s a race downhill for my investments.

I’m too old to sit and hope I can make up for the lost time by safely investing my little bit of money, and getting 5% returns on it for the next 15 years.

Thank you for any