Semi new user to reddit... currently at a university studying a somewhat lucrative career path. A little background on me right now. I am 21, no debt, still live with my parents so I have 0 expenses. I would like to think I am a natural saver and live quite frugally. I currently have 75k in cash in the bank, 30k in a self managed trading account, 3k in commodities, and >1mil in inheritance in brokerage accounts. I do not touch the inheritance accounts, as it is handled by someone. To my knowledge they are mostly made up of tax free bonds so there is very little return on it, and whatever is made, is rolled back over. My current dilemma is that I want to buy a rental property upon graduation, and slowly build a real estate portfolio to the point where I have a size-able amount of passive income coming in, to the point I don’t have to work full time. In my opinion, my current investment plan is not necessarily “spread out” the way I would like. Do you think that is smartest decision given my current situation, or should I just invest all my money into stocks/bonds and forget the real estate? Any tips to get there faster? My current plan was to just save as much as humanly possible from now till I graduate and use it as a down payment. Thanks in advance.
Submitted April 13, 2020 at 10:50PM by american_engr https://ift.tt/34xViQZ
