Hey guys!! I am a 20 year old studying marketing and finish my bachelors in 2 years time, i earn $30 an hour and work around 30 hour weeks. Ideally after uni I will get offered a full time job at my internship. (I have so far 33k AUD saved up with about 80% of it in the stock market at the moment (60% etfs (xlk,ndq,spy) 20% long term stocks (msft,amd,nvda) and 20% YOLO stocks (UAL,dal,apt)) firstly could anyone tell me if they believe I am too tech heavy and what they personally believe, Why I should focus some money into other sections? Secondly I am debating on whether or not in 2 years time when I have finished my degree and start working full time, if I should take my money out of the stock market and put on a deposit for a 2 bedroom apartment and rent out one room to pay bills. This would allow me to move out around the age of 23-24 and have my own place while also having an investment hoping to pay it off within 10 years.
Or should I keep my money on etfs and on average gain 9-15% growth per year and wait till I am 30 to buy a house? Putting money away weekly for a house deposit.
Right now I have no expenses except for my car and food. Ideally I will have saved up 100k by uni is over.
I know there is no right or wrong answers but I would like to hear what others have to say.
Submitted June 24, 2020 at 10:37PM by bucxi https://ift.tt/3i1DHXN
