Ditto everything that has already been said. But would add the question - do you have any debt? From the $18k I’d keep 6 months of living expenses plus a small additional cushion in an online savings account with a rate better than your typical bank (e.g., Discover online savings) and just let it sit. Whatever is left, I’d first consider if there was debt that was costing me money before investing anything. Depending on the interest rate on any debt I’d first consider paying that down. Also, is there any way to leverage the cash to decrease monthly cost? Do you pay PMI on a mortgage but are close to 20% equity and could tilt the scales to 20% with the remaining cash and get out of the monthly PMI? Lastly, if you have a mortgage, have you taken advantage of the crazy historically low rates right now? You can do a no cost refi where the lender credit is enough to cover your closing costs, and walk away with a lower monthly at no cost to you while freeing up more cash for investment. So those are some additional thoughts to consider, otherwise there’s very solid advice in the other posts.