Seeking validation
I am definitely not trying to flex (if it sounds so) in this post. I feel I am doing a good job in managing my earnings but I have no clue how others are doing and if I am doing well at all. I also feel I spend quite a bit on stuff like eating out, buying expensive clothes/shoes and traveling. So, I want an honest opinion on how I am doing with respect to my portfolio. As this is not something I can talk to my coworkers, Blind people can share their thoughts and comments on how I am doing and if I could do better. If I see negative sentiment, I will reflect and make changes appropriately based on your comments. I have around 2.5 years of work experience at Microsoft and recently joined Apple. Current TC : 285k TC growth at Microsoft : from 150k to 195k (due to stock appreciation and promotion) Portfolio: Microsoft stock : $77k 401k : $85k Stock (tech companies and index fund) : $58k Crypto : $2.5k Cash : $12k Savings account (1.70 %) : $25k CD (2%) : $15k No debts and no assets like real estate. Please dont troll :)
With so much in cash and savings account, anything in CD is a waste of opportunity. Put that $15k in stocks. Also, your portfolio indicates that you are frugal with your expenses and value investment. If that is true, and you are not expecting any big expense soon, you can move $12k from your savings account to stocks.
Pretty good I'd say. You're like approximately the top 30% if the poll result here https://us.teamblind.com/s/fbVofxid is an accurate representation of the general population. Although i'd guess it's probably skewed towards those who're doing better..
Yoe?
Get rid of your individual stocks and crypto. Get real with your money.
Yes. Set and forget with ETFs. Spend the time you would on agonizing over individual stocks and Bitcoin on maximizing TC instead.
Damn 85K in 401k with just 2.5yrs? Even if you max out each year don't you cap out at 45K? I think a CD is not worth the money specially so early in your career. You can definitely spread that around and use some of it to take some risks with stocks. 25K in cash account like wealthfront/betterment is better as it lets you cash out more often than traditional savings accounts. But otherwise overall I would say you are doing better than a large portion of 3yoe folks.
Depends on company matching and stock growth. If they match 50%, could have contributed 27k, 27.7k, 28.5k in the past 3 yrs, which adds up to more than 83k
In any case my rule of thumb was to put aside all the saving(35%)/espp(maxed out)/401k(maxed out to 100% match) I planned for and then use the rest to take risks. That way you always have a rainy day fund for emergencies.
You’re doing well and cash is king so when the recession hits your 25k won’t drop to 10k. Having so much money in one stock (msft) is very risky. I would diversify that, even more so if you have held it more than a year
How did you get such a high bump from msft to apple? Level?
Don't encourage his narcissism. A Google search will provide answers in the first few results.
Someone is salty? I really appreciate posts like OPs. It helps to get new perspectives. Cheer up Bloomberg.
org.junit.Assert.assertTrue(true); On a serious note, great job with finances. You get most of the basics right ! Rest is up to individual preferences.
Take some from that savings account and invest it elsewhere. You can easily get more than 1.7%
Where do you advise me to invest?
I'd put more in your stock bucket.