Currently 26 y/o with a net worth of ~$600K. Had a large PI settlement last year hence the oversized savings to income ratio.
Current NW Breakdown
* $15K in Checkings/Savings
* $360K in MM VFMX yielding ~5.3% per year
* $140K in a self-directed online brokerage mostly split in QQQM, VOO, and less than 10% individual stocks.
* $45K in a ROTH IRA Target Retirement 2060 & VTSAX
* $40K in 401k; Standard Target retirement 2060
I also have ~$30K in vested stock options from employment, tho, this is worthless until a liquidity event.
Income & Growth
Annual income is $170K/year (work in tech). Net monthly comes out to around $8,500 after maxing out 401k & insurance. Other costs are fairly low as I own my car, rent is $1200/month, and, I spend around $1500/mo on food & miscellaneous. Expenses totaling ~$2,700/mo = $5,800 saved / month.
Questions:
* Anything stand out that I should be doing immediately? Any changes to asset structures I should be making?
* I probably have too much liquid now but have been holding due to recession fears and high volatility in the next 6 months. Opinions on a reasonable term to Dollar Cost Average in the market (principal and time?)
* Any other words of advice?
Aggressive Goal is a 2.5M net worth by 35, giving me the option to fatFIRE if I chose to (will keep working) Currently searching for an entrepreneurial opportunity/business venture that I am passionate about and would like to be able to allocate some capital to that (~20-30k) as seed. submitted by /u/Logicgater
[link] [comments]
Current NW Breakdown
* $15K in Checkings/Savings
* $360K in MM VFMX yielding ~5.3% per year
* $140K in a self-directed online brokerage mostly split in QQQM, VOO, and less than 10% individual stocks.
* $45K in a ROTH IRA Target Retirement 2060 & VTSAX
* $40K in 401k; Standard Target retirement 2060
I also have ~$30K in vested stock options from employment, tho, this is worthless until a liquidity event.
Income & Growth
Annual income is $170K/year (work in tech). Net monthly comes out to around $8,500 after maxing out 401k & insurance. Other costs are fairly low as I own my car, rent is $1200/month, and, I spend around $1500/mo on food & miscellaneous. Expenses totaling ~$2,700/mo = $5,800 saved / month.
Questions:
* Anything stand out that I should be doing immediately? Any changes to asset structures I should be making?
* I probably have too much liquid now but have been holding due to recession fears and high volatility in the next 6 months. Opinions on a reasonable term to Dollar Cost Average in the market (principal and time?)
* Any other words of advice?
Aggressive Goal is a 2.5M net worth by 35, giving me the option to fatFIRE if I chose to (will keep working) Currently searching for an entrepreneurial opportunity/business venture that I am passionate about and would like to be able to allocate some capital to that (~20-30k) as seed. submitted by /u/Logicgater
[link] [comments]