Fantasm
Recycles dryer sheets
I just turned 24 at the end of July, and since I am young I assume that I have quite a large amount of time available for any money I put some place now to compound and grow on its own without me touching it to a point where in 20 years its amassed its self in many multiples of what was originally invested?
I am lost on what to do and I am shying away from doing a lot of the leg work myself as I have the vision that it will take several hours of research every week to stay on top of the markets and status of all my investments (that's after learning about all my options, like ETFs?), this is not really what I would like to do.
I have about $450K saved up in total but not liquid.
I have $240K in 3 houses in Florida which are all rented out paying $900/month rent (before taxes/insurance, no mortgage).
I have $80K in the stock market kinda just sitting there, and I have $100K in a short-term 1 year hard money loan paying 11% that I just started on.
Every month I save another $30K-$33K in the bank. The next $160K is already spoken for as I'm buying 2 more houses in Florida (at which point I think I will stop since I will have 6 or 7).
All I know is that I want more recurring income or a good chances bet in place somewhere so that I can stop worrying about my future as soon as I can.
My money in the stock market isn't really doing much. I'm up like $4K between BRK-B and NEE+F. My GOOG and C are a few hundred down, but I expect them to pop back up.
Could I be doing something a lot better with that $80K?
What about in 12 months when my $100K comes back?
I know what I have now is a good step, but what next?
I am lost on what to do and I am shying away from doing a lot of the leg work myself as I have the vision that it will take several hours of research every week to stay on top of the markets and status of all my investments (that's after learning about all my options, like ETFs?), this is not really what I would like to do.
I have about $450K saved up in total but not liquid.
I have $240K in 3 houses in Florida which are all rented out paying $900/month rent (before taxes/insurance, no mortgage).
I have $80K in the stock market kinda just sitting there, and I have $100K in a short-term 1 year hard money loan paying 11% that I just started on.
Every month I save another $30K-$33K in the bank. The next $160K is already spoken for as I'm buying 2 more houses in Florida (at which point I think I will stop since I will have 6 or 7).
All I know is that I want more recurring income or a good chances bet in place somewhere so that I can stop worrying about my future as soon as I can.
My money in the stock market isn't really doing much. I'm up like $4K between BRK-B and NEE+F. My GOOG and C are a few hundred down, but I expect them to pop back up.
Could I be doing something a lot better with that $80K?
What about in 12 months when my $100K comes back?
I know what I have now is a good step, but what next?