7 years in the industry. Target comp this year 320k. Target comp next year - 420k Total savings - 710k Amazon stocks - 400k Wealthfront - 28k 401k - 53k Robinhood - 72k Cash -62k Money in India for parents retirement - 100k Something which I should change/do better. Also suggestions to diversify amazon stock? Where can I put that money? Edit - Age 28 Location Seattle Job Senior Software Engineer Amazon
Sounds great
@kydfr Could you also mention your age and location?
Done
Sell amazon RSUs and diversify. Rest looks great.
Any suggestions for the same? Looking at options but very confused about it.
I just use Vanguard VOO.IV https://investor.vanguard.com/investment-products/etfs/profile/voo
👏
How long you been at Amazon? I would diversify out of Amazon stock a little bit
At amazon for the whole time. Want to diversify but confused about where to diversify to and the timing since the stock is going up.
Even the S&P500 has outperformed AMZN in the past 1 year, 2 years & 5 years
Is that vested RSU? If so, I'd sell some and put it in SPY or VTI
Yes. Vested.
Why do you have 62k on cash when it could be in your wealthfront account at 4.5% APY? You are losing some money there
Do you have a house? Buy one if not.
No house? Buy one. I didn’t make that much at your age but my property investment got me 500k net worth and I sold it to get that much cash
In this market it's better to not buy a house and keep money invested, especially if rent is low. 6% interest rates on houses that are the same price they were at 2% interest rates are not worth buying. Monthly payments would be killer.
It depends - house price is lower and you can refinance if interest rates go down. If you wait until the fed lower the rates then the house price will go up a lot. Both ways will have some risks but eventually, especially from Asian culture, you will need a property to get married anyway. So why not buy it at a lower price point?
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You are doing great.