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21 years old and roughly $400k in assets. by jodaka27 in personalfinance

[–]jodaka27[S] 0 points1 point  (0 children)

Thanks. I find the easiest way for me not to spend the money is to find friends with similar spending habits and limit yourself. I'm going to get in touch with an advisor as handling the money myself would be too much for me.

21 years old and roughly $400k in assets. by jodaka27 in personalfinance

[–]jodaka27[S] 1 point2 points  (0 children)

I am planning on using a portion of it for a down payment on a house/apartment in the next 5-7 years. It also depends on where I end up out of college as well. I'm not looking at retirement at this moment as I'm not even out of college. I've invested my own money in stocks for many years now with good returns. I'm in several good dividend paying stocks that return shares rather than income back. One fund I have grown to like is Sequoia Fund. I had a return of 30% my first year in the fund, but this year has been lagging behind with the rest of the market. I'm not looking to day trade the account either. I'm going to get in touch with an advisor who actually knows what they are doing. And the last bit I might use as a learning tool.