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/biz/ - Business & Finance

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1427932 No.1427932 [Reply] [Original]

Hi /biz/.

I would like to have a discussion. Here is some background on me. 23, and I work at one of the biggest brokerage firms on a small production team. I worked my ass off to get here. I graduated from a small business school that is unknown and moved. I live and work in the financial district in downtown NYC.

Now. By year-end 2016, I should have ~30K in liquid assets and $4.5K in a 401K (have been putting 7% (max match)). Currently, I have roughly $15K in a vanguard fund that is doing sub-par.

I was going to keep $20K in a S&P ETF and keep $10K in the fund I already have open. My $4.5K is saved in a company account that is pretty balanced (since company stock has risen in Q2). The only other "investment" i was going to make is to grow a bunch of mushrooms in my new apartment (should profit ~$2K by year-end) (haven't started yet).

If you had $30K, how would you invest it? Also, if you were in my position, would you put more into your 401K?

Should I try to invest in something other than stocks?

Also, $55K salary and I make $80K with OT (not including expenses, free schooling, etc). I hopefully will be increasing this to 6 figures in the next few years. I work 50 hours a week and am taking classes. In 5 years, would the investment profile you have chosen change with more incoming cash? If so, how?

Thanks /biz/, looking forward to an interesting discussion. Also, AMA if you want.

>> No.1427947

>>1427932
make those3 chicks fuck and record it. Then we'll help u

>> No.1427958

>>1427932
30k? Could be enough for a down payment on rental property depending on your location

>> No.1427963

>>1427947
can't.

>>1427958
i'm from Michigan but moved to NYC. it's like the cheapest vs the expensive. but i don't think i will have time to market and rent out the area because i'm so busy. never thought about it tho...

>> No.1427966

>>1427963
Whenever there's no time to do something, there's always someone willing to do it for you for a small fee. Consider that.

>> No.1427977

Why are you so poor?

>> No.1427989

>>1427966

I don't think the ROI will be too good if I hire someone...


>>1427977

am I? i come from nothing and my parents gave me nothing. i like to think i made it. i'm from detroit. and i live in manhattan now.

>> No.1427999

Being rich its so AWESOME :D

>> No.1428099

Obvious answers for a guaranteed uprise and a change to get rich before you are a grandpa is Bitcoin.

Other than that... the stock market is dogshit. My Netflix has been doing fine, other than that it's just boring.

>> No.1428113

>>1427932
you work at a brokerage firm in NYC and are asking /biz/ for investment advice.
wtf

>> No.1428313

>>1427989
>i'm from detroit. and i live in manhattan now.

What's that shit hole like these days? Also, what's Detroit like now?

t. left Manhattan last November, no regrets, such a shit hole

>> No.1428341

>buying into an index fund at the top of the market

looks like you sure did earn that finance job, fucko

>> No.1428481

>>1428341
>thinking you know when it is the top of the market

>> No.1428485

>>1428341
>Thinking you know when market is top

>> No.1428592
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1428592

>>1428481
>>1428485
>doubleposting

>> No.1429153

>>1428313
>>1428592
lolololol

>> No.1429189
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1429189

>>1428113

>> No.1429298

>>1428113
he's first year in most likely, so he doesn't know shit. In finance you learn from experience, not really from your degree.