{ "media_type": "text", "post_content": "23YO, saved 90K, 70k salary, been working for 1 year. Started investing in crypto and stocks a few months ago, maxing out 401k and Roth IRA. Any advice for investment or saving strategy?", "post_id": "5b739428edaa240014430212", "reply_count": 8, "vote_count": 1, "bowl_id": "5b3f7377ab53db00136f7b4c", "bowl_name": "FIRE Financial Independence Retire Early" }

23YO, saved 90K, 70k salary, been working for 1 year. Started investing in crypto and stocks a few months ago, maxing out 401k and Roth IRA. Any advice for investment or saving strategy?

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Wow how did you save 90k?

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P1 I tend not to take these posts seriously. Humble brag.

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Yeah. Advice is to stop investing in crypto

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BA1 This isn’t a humble brag. I believe you’re saying this because they included their age, but time is an extremely important factor in investing. Honestly you just sound jealous you weren’t in such a great position at you age 🤷🏽‍♀️

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P2 do I wish I was in OPs position at 23? Probably, but don’t presume to know me. If I were to get jealous of everyone and anyone who was better off than me I’d be sitting in my cube angry all day. This post literally added nothing to the financial independence bowl and the question is too general for anyone to give legitimate advice. If OP needed general saving/investment advice he/she could simply google how to invest. If OP wanted our opinions on what we believe would be a better investment vehicle or what specific investments we’ve seen success with it would be a completely different story. But instead the post was just, age, amount saved, tell me what to do. We know nothing about OPs goals and nothing about where the money is saved and how liquid it is.

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Saved 90k in one year on a 70k salary? Interesting. Unless the 90 includes cap gains?

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Also 0 debts

Also crypto is gambling. Not investing

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