As my slightly weird, but hopefully eye catching title has eluded to, I am in a bit of an unusual investing situation. Let me lay out my specifics and I'll address my questions afterwards.
Age: 27
Debt: 0$
Money to invest: 50,000$ between now and 2022. (15k now, 35k by April 2021, 50k by April 2022)
Expenses per year: roughly 15,000$, as low as 5,000$ if need be.
Income per year: at least my yearly expenses, up to 5000$ more. (I am a freelance food and travel writer/line cook, so it is hard to put an exact number on this, but 'not much' would also be a good answer).
So, my situation is essentially this. I would like to live a simple life in Thailand as a writer. This is not an expensive life, but one that I am fully aware could pay next to nothing. As such, I would like to do what I can to get that 50k to a place where it can cover my yearly expenses (and hopefully grow solely off its compounding interest thereafter).
I've done some research and ran the numbers as far as what percent returns per year will get me to that roughly 15,000$ per year mark. And with what I have available, my mid to late 30's (8-12 years) seem like a doable timeframe.
I am willing to put as much money as I can into investments over these coming years. I have had more than enough fun in my early 20's and am ready to take care of my future self, today. And I mean like living in a rural village in Northern Thailand.
I am looking for advice. I like diversification. I like the assurance that high dividends from good companies can bring. I like that there are still bargains to be had on companies from the crash in march (if willing to wait a few, or many years, for the return). I like to be able to set recurring investments over long periods.
How would you start to invest this money to meet these goals? What ETF's do you like for the coming 8-12 years? What blue chip companies do you think are still at a good price (if my goal is keeping the money in for at least 8-12 years). What sectors do you think would be wise to get into now if I'm looking to take advantage over the growth that these quickly changing times are bringing upon us? What old and established companies are looking to continue to grow at a consistent rate in the coming years?
I'm sorry if that is too many questions, but I just wanted to give a lot of examples to better get across what I'm looking for and how to best accomplish my goals. Namely to say, wisely using my high starting capitol, low expenses, and knowledge that this money will be working for the timeframe of at least 8-12 or when it can meet the needs to cover my yearly expenses (at which point it will either continue to grow or be repurposed to meet my new goals in life).
Thank you for your time, and I appreciate the advice.
Submitted December 19, 2020 at 03:28AM by neiffeg https://ift.tt/3au4PNU
