/biz/ - Business & Finance

>>56474230
I'm just avg
Ya I've got
home
life insurance worth 150k
200k IRA
50k cash account
and my side hustle makes 100k

All right then, after lurking here and reading a bunch of investment books I started investing last year. Here's where I am at the moment, would love some comments or criticism (or just call me a faggot that works too). I'm in my 30s, so starting late in the game, but I was lost for a very long time, got a very stable job with a good salary that lets me set aside some money.

1. Debt:
- I have no debt, no mortgages, loans, credit cards, any form of debt to private or corporate entities.

2. Real Estate:
- I own a 4 room apartment with cheap utilities and a humble 7 acre of arable land inherited from my family that is doing nothing at the moment. I should inherit 50% of an old rural house eventually.

3. Investments:
- 10 000 bucks in a savings account, CDs are too restrictive, (this is never getting touched, it's my rainy day fund if I lose my job, I could survive a year with that money easily)
- 1000 in crypto, I bought hundreds and sometimes thousands of tokens from at least 3 dozen shitcoins. No BTC.
- 1000 in a Vanguard S&P500 index fund (roughly 7% return per year, I plan to let it sit for 30 years with annual contributions of 1000 which will end up at a bit over 100 000 in 30 years thanks to the compound interest)
- 1000 in another ETF, I am not sure what I will do with this one, probably end up contributing 1000/year for 30 years as well.
- 1000 in stocks, Fidelity broker, 50% are blue chip ones, 50% small cap stocks. This is strictly to learn the ropes, I am prepared to lose it all. Not doing shorts, futures or margin yet, straight up market and limit sales.


4. Mid term goals:
- invest in a third fund, looking at REITs or run of the mill mutual funds. Possibly a britbong one.
- invest at least 2k more in popular crypto - XMR, Link, etc. No BTC unless it crashes hard.
- invest at least 5k more in stocks
- look into dividend paying stocks (haven't figured this one out fully)

cont...