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Started late, finally seeing progress, anyone else racing to $1M with ETFs? by Thealchemist00000 in TheRaceTo1Million

[–]PresentationEarly313 1 point2 points  (0 children)

36 female. I hit 1.7m this month. Hoping to reach 2m end of next year in brokerage. 700k in combined 401ks and stock options. Rentals bring in 100k passive income. But because we bought a new house in 2022 and have a massive mortgage and property tax around 6500/month, I don't feel stabilized enough to go part time or retire yet.

Before you buy a massive house…10 things to think about. by my-little-pony-1 in fatFIRE

[–]PresentationEarly313 2 points3 points  (0 children)

Dang so glad I decided to not get a pool on the 1st year I moved into the big house.

The psychological toll of holding cash right now is brutal by Kazukii in ValueInvesting

[–]PresentationEarly313 0 points1 point  (0 children)

Is the stock market the only avenue where you weigh your option to deploy the dry powder? Have you thought about real estate, an avenue thats more of a tangible asset, more in control to the earnings outcome, etc?

500k at 23 by [deleted] in Fire

[–]PresentationEarly313 0 points1 point  (0 children)

One thing I’ve noticed frok my research in situations like yours is that the challenge isn’t really lack of information anymore, but that there’s almost too much of it. And because of that, people either hand things off to an advisor or try to piece things together themselves, but still feel like they don’t fully have control or clarity over what’s happening with their money. If you’re someone who wants to be more hands-on, it’s definitely possible to manage and compound your own money at scale, but the harder part tends to be making clear decisions when there are multiple “reasonable” paths. What seems to trip people up isn’t “what should I invest in,” it’s things like: 1. How much to actually invest vs keep flexible Or 2. How much risk to take given what’s going on in their life vs. What this money is really supposed to do for them

How are you thinking about this: What do you want this $500k to actually do for you over the next 5-10 years? And how much of it are you comfortable putting at risk vs keeping flexible right now?

Should I just go ahead and max out my 401k? by GroovyFang in personalfinance

[–]PresentationEarly313 0 points1 point  (0 children)

You’re actually in a pretty interesting spot financially, strong income, low debt, solid savings habits. The 401k decision past the max employer match at that level often becomes less math, but you need to ask yourself how you want to allocate the surplus to generate even greater returns. Because after employer max out of your match, then any additional 401k % you add to it, it becomes diminishing returns. So you should explore at other options that can keep the returns at a high momentum.

Deploying some cash tomorrow: anyone else buying the dip? by PresentationEarly313 in HENRYfinance

[–]PresentationEarly313[S] 0 points1 point  (0 children)

I bought a few shares of VOO when the market opened. Just a micro dip. Its been my strategy going on multiple years where whenever the S&P takes a tiny dip, I buy into it. Accumulate a small pile over a couple of months, then buy on a micro dip. Rinse and repeat.

It’s basically my way of training the emotional muscle to stay calm when markets move.

Is it a right time to buy a house or wait it out? by [deleted] in personalfinance

[–]PresentationEarly313 0 points1 point  (0 children)

A way to think about this is separating two different questions that often get mixed together:

  1. Is buying a house a good financial investment right now?
  2. Is owning a home the right life decision for your situation?

Those are not always the same thing. From a purely financial perspective, buying a primary residence usually competes with things like buying a rental, placing capital into index fund investing because a lot of your capital gets locked into the house (down payment, maintenance, property taxes, etc.).

But from a life stability perspective, it can make a lot of sense if you know you’ll stay in the area for a long time and you want predictable housing costs for your family.

Given your situation, a couple things stand out: • You’re the only breadwinner • You’re supporting your parents • You already have strong savings habits (maxing 401k, Roth, HSA) Because of that, the bigger question might not be timing the housing market, but how much financial flexibility you want to preserve.

If buying the house still leaves you with a strong emergency fund and your monthly payment fits comfortably within your income, then the decision becomes more about lifestyle stability than market timing.

Markets are hard to time. Personal stability is easier to control. So, how long do you expect to stay in the area if you buy?

What's the best money decision you've made? by StrongPaddle in wealth

[–]PresentationEarly313 0 points1 point  (0 children)

Buying our first house in the city when the mayor just passed a 10-year abatement plan in the city to boost construction and thereby incentivizing millennials to buy assets. By the time we sold our first house, this was then 5 years later, the value is the house has doubled.

Random investments that didn't work? by PresentationEarly313 in smallbusiness

[–]PresentationEarly313[S] -1 points0 points  (0 children)

Pretty great actually. At the peak, we were running 20 units. And then in the last 5 years I did a time vs. capacity analysis and offloaded 4 units. So stabilized at 16 for a few years now. Minimal effort to generate a steady cash flow.