On track to save 500k by 30, have all my money that’s not in 401k/IRA in Vanguard mutual funds. Any advice on how to turn this into something? Do I buy a rental property? Currently living in Manhattan, work at Big 4, have 0 entrepreneurial spirit, would love advice

likesmart
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How? Inheritance?

likefunny

Oh will the peanut gallery please shut up. Living in grandparents basement is a significant sacrifice in NY (Pre COVID at least)

By something for yourself to live in, if you think you’ll stick around NY. $500k could be a nice down payment.

funnylike

big 4 is paying you that much to have 500k by 30....?

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I live in my grandparent’s basement floor so I haven’t paid rent since graduating. I have no hobbies and don’t spend money on anything really, consulting also pays for my food most weeks pre covid?

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I’d stick with stocks.

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Congrats for being upfront about your lack of entrepreneurial spirit! I love it.

Given that, it sounds like you’ve put yourself in an ideal position. Unless you find something with greater utility to spend it on, let that nest egg grow, giving you so many options for life down the road, including early retirement or less-financially rewarding follow-on career(s). And good on you for saving so much (unless it’s inheritance, in which case good on your forebears)

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Outside of all that yeah... rental property if you have not entrepreneurial spirit

Diversify!!!!!!!!

Similar boat, right down to the lack of entrepreneurial spirit. Sticking with indexes. Without serious side hustle, I don't see anything with a higher risk adjusted expected return.

Why do you feel the need to "turn this into something"? Are you feeling you aren't doing enough with having $500k in taxable brokerage? Looking for better returns?

The broad stock markets, over long term, has been the single biggest generator of wealth.

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