I'm a computer programmer who got in early it a successful internet company.
My business is entering a transition period and I'm not sure if I'll be making the same income for much longer. I'd say I have a 70% chance of my continuing business going well. If not, then I'd like to take my savings and opt for an early retirement and freelance work to keep me busy.
My question is about what I should do with my savings? I've been investing with Bank of America, Franklin Templeton, and American Funds for about 10 years. The money is in various diversified mutual funds and bonds. I don't get involved in the specifics of which funds to buy or which bonds. I just make sure each person I work with knows he is being compared to other investment managers. I have fairly low management fees (around 1%).
Is this a safe place to store my nest egg, and if not, what other options do I have?
Thanks in advance.