Related Posts
Conversation Starter
More Posts
What did people score on the SAT vs the GMAT?
UBS If I had to move within the company to a different location , how does it work? For example if I move from low cost of living area to high cost of living area does the company re-evaluate the base salary within USA? Or do they come back and mention its your family requirement since your partner is located and you are moving ?Suggestions or experiences any !
Audit > FDD > t15 MBA > BB IB
Thoughts?
Is another recession coming?
Does anybody know who these sunglasses are by?
Rising Star
Need 15 likes for DM. please help.
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
I'm in a similar position (not quite as much cash tho lol, congrats.) I'd say to check out Codie Sanchez's content for ideas on ways to build steady streams of income through acquisition of small businesses.
took a quick glance, will go through it in more detail, but def trynna do something along these lines. thanks!!
I’m 24 and have a similar net worth with like 90k in real estate and 10k in stocks. DM me if you want to connect. I’m also trying to figure out what I want to do next and would be down to have someone to bounce ideas off
I’m in the Pacific Northwest. Toronto is one of the craziest real estate markets I know. I don’t think I could buy there without being a dual income household or finding a way to make more
How the heck did you save and make so much at 23??
If I could have lived with family/parents and saved on rent I would have! But that is such a good move!
Keep your cash!! There are good deals coming in the recession. I still remember coming across a new 2br/2ba townhouse for $249k in the East Bay during the real estate bust and didn't have enough money for the downpayment and it sold a year later for $1.5M! So, be liquid so you can make big money moves!
Put in HYSA / index funds. Why not buy a house? Keep 6 months expenses in a HYSA(for your emergency fund)
I live in SoCal and just bought my house, I’m 25 and had similar funds to yours. But my girlfriend is an engineer so double the income made it easier to buy, rather than rent. And we bought a house 150k off the average price in our area. So worth it for us, but if I was alone, car wash or laundry mat all the way….
You need a lottttt of money to start a franchise. Or you’ll have to finance big time, depending on your income you likely won’t get approved with <10% down
Buy a CD
Yeah, you can get some pretty decent nearly risk free growth right now with the high interest rates and inflation easing off.
25 here. Have about 200k, with 30k in the bank, 10k crypto, and 160k invest between personal accounts n 401k.
I have yea. But i need to move out live a year before I buy a house
Wait 3 months and put all in QQQ
Agree with the sentiment, but it might be more than 3 months.. I’d rather miss the bottom and catch it on a confirmed reversals and LT break upwards. That most likely won’t happen until the fed reverse their policy (or at least stabilizes it and stops raising the base). At that point, I’ll prob spread 30-45% across QQQ and other ETFs. I pulled everything out of the market at the end of last year, up about 3-400% and sunk it in a house. Now the house went up 26% in the last year and its value is sitting right around 1mil
You are stellar! I have no answer to your questions but I am 25 starting to pay attention investing and finance so I’m very impressed by you!
F
The real answer here is buy a house, but house hack it. You stabilize your monthly housing cost and you get your foot in the door of real estate investing with the lowest possible amount of down payment.
Mind explaining more? Interested to learn. Feel free to DM.
Index funds. It’s passive and doesn’t require you to do anything
Index funds recommended after securing an emergency fund and eliminating other liabilities and reaching other goals (I.e. property if achievable)
Real estate , bonds, index funds
Personally I would suggest you find a strong wealth management firm and start with them early. Have them develop an overall investment strategy for you and work the strategy. Congrats on this level of savings so early. You are in a great position to grow your net worth that is why suggest an overall strategy versus just finding some good initial investments.
Wrong. Wealth managers not better than cats at predicting stock performances. Invest in QQQ or vanguard as mentioned in above comments.
F