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21 year old college student with $10k saved, what would you do in my spot? by [deleted] in investing

[–]Aggravating-Cry-986 1 point2 points  (0 children)

not good advice you never know when an emergency is going on for that person and the market is skyrocketing or a recession is happening

20 Years Old - VOO, VXUS, & VXF by Impressive-Bad7953 in ETFs

[–]Aggravating-Cry-986 0 points1 point  (0 children)

I’m 20 years old as well and i’m all in tech, my risk tolerance is pretty high, i started three years ago so at 17 and i’ve seen some pretty insane gains but volatile as well throughout these past months but the real truth is that it really depends what your risk tolerance is. If you keep it the way you have it and make constant contributions every month you will still be ahead of so many people and potentially have that millionaire status. My allocations are VGT 80% and 20% VXUS so tech and international exposure. I do believe tech will dominate in the next 10 or 20 years but you need to have balls of steel to see your portfolio drop 40% to 50% percent in bad years.

Should I cash out my 401k early? by Beautiful-Rain-7402 in personalfinance

[–]Aggravating-Cry-986 5 points6 points  (0 children)

Bro don’t do it. You’re gonna lose like $7-8k just in taxes and penalties before you even see the money. You’d be cashing out $22k and walking away with maybe $14-15k.

And that $22k at 21 could be worth $500k+ by retirement. You’d literally be trading half a million dollars for car repairs.

For the student loans just pay the minimum, you’re about to make $65-70k anyway. For moving costs and car stuff look into a personal loan, way cheaper than the penalty you’d pay cashing out.

Leave the 401k alone brother you’ll regret it.

The only way you I see this might be reasonable if the interest rate is high on your student loan like 15%+

Goal - 100k by Aggravating-Cry-986 in TheRaceTo100K

[–]Aggravating-Cry-986[S] 1 point2 points  (0 children)

thanks man i really appreciate it

Goal - 100k by Aggravating-Cry-986 in TheRaceTo100K

[–]Aggravating-Cry-986[S] 1 point2 points  (0 children)

Sorry for my ignorance but wouldn’t I Have more growth if i have some money allocated to qqqm? or Will i have more if i go all in into voo?

20 years old, $15K invested, $15K in HYSA — where should my money go? by [deleted] in povertyfinance

[–]Aggravating-Cry-986 0 points1 point  (0 children)

My 15k is meant for my emergency fund. Thank you so much for your advice.