Hi everyone, I’m seeking general advice on how to best set myself up for success. I’ll be entering a high earning job (200k salary) at 25, no debt or other assets. I would appreciate any general advice you guys have, as well as advice on retirement accounts:
Assuming I can max out my 401k/Roth IRA, would you guys recommend doing backdoor Roth, or just max out the accounts and then keep the rest of my savings in a regular brokerage? And why?
Unless you are retiring in the next 5-10 years, park that money in a mutual funds/etfs, reinvest those dividends, and don’t worry about timing.
Prestige Worldwide!
The best time to buy was yesterday, the second best time to buy is now.
Too high? I think ppl bet on individual stocks but not the market overall. The economy is stable but not great. Rates can’t go higher so ppl buy stocks for better but riskier return
I would say “better n riskier” return vs treasury. Why? What’s your take EY2
Best time to buy is always right now.
Doubling down on what’s been said already, if you are young get in now.
Assuming you are looking to buy and hold. If your purpose is to buy and sell for a quick buck, the answer might be different.
Don’t try to time the market, if you could you wouldn’t be working in PA. The best approach is to be actively buying into the market over time rather than putting in big slugs