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Real estate is too much trouble for a busy biglaw associate imo. Set it and forget it index funds for me. Any difference in returns between index funds and real estate is money spent to buy me a little bit of precious free time. I’d rather not be managing rentals when I’m not working, and hiring a property manager really erodes into returns.
Subject Expert
Sure thing, it took me years to get comfortable and learn before i pulled the trigger. But i did it and I’ve learned a ton. Or just turn over & tell yourself that nothing is possible and this is the life you chose!
Long term, very hard to beat the market. VTSAX (index) or target-date funds are good default options. If you want cash flow & exposure to real estate, REITs are my preference (minimal headaches), don’t waste your precious free time chasing an extra couple % ROI by being your own property manager. As for sources, if you want to pay someone, I’d highly recommend a flat fee (no commission) financial advisor. They’re hard to find, most institutional advisers will push their own funds to max commission at your expense. Remember, just like returns compound over time, so do costs. That 0.5-1.0% fee really eats into long term returns.
Mentor
Betterment is a good robo advisor. Wealthfront too.
Have you heard of https://www.biglawinvestor.com/ ? I love that resource! I personally started investing in a market fund with Vanguard earlier this year and would also like to learn more
Fascinating resource, thank you, A2!
ETFs
Specifically, VUG and VGT (if a smidge risky)
Look into backdoor and mega backdoor Roths while they’re still an option