Related Posts
Community Builder
Pro
Recently moved in-house and struggling with how to document my contributions (keep a “brag list” if you will) for purposes of review season and eventual bonus/promotion/raise discussions. At a firm it was fairly easy to point to high billables, high profile deals, praise from particular partners or clients. Now I’m struggling because my work is so….day to day. Mostly negotiating typical sales contracts. Very few opportunities for visibility or high profile contributions if that makes sense.
More Posts
CCH Efiling is down on 09/15/2020! 😭😭😭
Can we stop attaching unpublished cases yet?
Additional Posts in FIRE Financial Independence Retire Early
What do you do after FIRE?
Holy hell, man. You're doing a hell of a job given your age and salary!
We’ll it does help that he / she has a good job, is living at home, and parents may have provided for college. But yes, all that said this person has taken advantage of those opportunities and not squandered them! So good on you as well!
Stock/crypto isn’t a thing. They’re different classes of assets. Crypto is considered property by the IRS, and is closer to real estate in that regard.
….Real estate from an IRS prospective but not in actuality. Crypto is closer to stock than real estate
I’d say, do both. Both are longer term assets but with different usage and underlying values to your life. Then a timing of each investment doesn’t really matter. I prefer increasing real estate % higher than stocks because of tax, and cash out financing liquidity. Making money through debts are better than through your own equity.
Yeah I agree just debating on when to pull the trigger but you’re right timing in the LT doesn’t matter as much.
Definitely do both man. I was on a similar route (purchased my first house at 23) and started heavily investing in stocks for early retirement. Keeping it diverse is definitely the way to go. I recently acquired my second house (going to be an income property), and I recommend doing your due diligence on location in neighborhoods or communities. I like to invest in fixers in up and coming areas, those tend to appreciate the most and the fastest. Turn keys tend to be too expensive as a mortgage, and the leaves for less ROI when you rent them out.
Gotcha thanks for the insight I appreciate it
Crypto is highly speculative - if you go in with a zero fucks mindset “I.e if I put $10k, I already chalk it up as a loss - any profit is great” I think that’s totally fine. Real estate in my mind is a much more sound investment, though it requires some work. If you’re using it as a rental, be prepared for emails around maintenance (property manager can handle all this for a fee). I started in crypto/stocks, now I have 0 crypto and far more heavily weighted toward real estate. Just a personal preference though - I find holding a physical asset more fun. I think real estate is also a “safer” asset as I look to rebalance my portfolio into less speculative plays.
I had a very similar mindset but got into crypto and option trading late 2019 so it inflated my portfolio a lot and swung to more of the speculative/risky side so trying to rebalance it going into next year.
Go for all three if you’re comfortable. It’s always good to be diversified
I've decided not to invest in crypto because the environmental impact is too much. With the exception of investing in Vanguard REIT funds VGSLX and VGRLX in my IRA and my home, I don't invest in real estate because it's too much of a hassle.
How much of your NW is from inheritance?
I worked all throughout college and this is my 3rd year at EY