Good Afternoon All,
I’m about to start investing for the first time and I have a ton to learn. I’ve been researching a lot and am starting to formulate my strategy. I wanted to post here to get additional feedback.
Married 38 / spouse 34
3 kids - 1 3 5
Living Expenses $175k/year
We run a business in a stable industry and the business is growing, but for rough and hopefully conservative figuring, I’m going to say $1.5MM annual cumulative income post tax. The business will be debt free Jan 1, 2025, and we are personally debt free. We have around $1.5MM in real estate, none of it income generating.
Over the next 5 years, my goal is to invest $100k/Month into primarily equities. I want the highest returns possible for this money without taking any extreme risks. The portfolio contributions would be $6MM by Jan 1 of 2030, plus whatever value it gains during that time.
Years 5 through 10 I would start a second and separate portfolio. I would invest $75k/Month, this time in slightly more secure investments. At the end of this 5 years, contributions would be $4.5MM plus whatever return was gained during the 5 year period. I would also be adding $20k/month to the first pool during this period, boosting contributions in that portfolio another $1.2M to $7.2M total.
At the end of this 10 years, so Jan 1, 2035, I would have 2 portfolios, first one with contributions of $7.2MM and second with contributions of $4.5MM. The goal would be to never pull anything out of the first portfolio ever. It’s purpose is to sit there and compound. The purpose of the second portfolio would be to produce income for living expenses. Not saying I’d retire at this point, I’d be 47, but I would want to see if we could sustainably live off the income at that amount.
For those doing the math, my contributions plus living expenses don’t quite add up to the $1.5MM projected annual income, so any excess I may direct to other investments such as precious metals, real estate, etc.
Is this a crazy plan? Or does it make logical sense? I’m good at making money but it’s time for my money to go to work. I can’t predict the future but I like having a plan in place that I can try to follow. If the plan makes some level of logical sense to you guys here, where would you direct money in the first 5 years and then in the next 5? Would it be wise to have money across multiple platforms to keep from being centralized in one spot? It seems Fidelity, Schwab, and IBKR come highly recommended. Also I don’t think I want an advisor, this is something I want to do myself. I’ve met with several and I don’t know as it’s a fit for me. I like to be fairly hands on.
Thanks all, fire away.
Steven
I’m about to start investing for the first time and I have a ton to learn. I’ve been researching a lot and am starting to formulate my strategy. I wanted to post here to get additional feedback.
Married 38 / spouse 34
3 kids - 1 3 5
Living Expenses $175k/year
We run a business in a stable industry and the business is growing, but for rough and hopefully conservative figuring, I’m going to say $1.5MM annual cumulative income post tax. The business will be debt free Jan 1, 2025, and we are personally debt free. We have around $1.5MM in real estate, none of it income generating.
Over the next 5 years, my goal is to invest $100k/Month into primarily equities. I want the highest returns possible for this money without taking any extreme risks. The portfolio contributions would be $6MM by Jan 1 of 2030, plus whatever value it gains during that time.
Years 5 through 10 I would start a second and separate portfolio. I would invest $75k/Month, this time in slightly more secure investments. At the end of this 5 years, contributions would be $4.5MM plus whatever return was gained during the 5 year period. I would also be adding $20k/month to the first pool during this period, boosting contributions in that portfolio another $1.2M to $7.2M total.
At the end of this 10 years, so Jan 1, 2035, I would have 2 portfolios, first one with contributions of $7.2MM and second with contributions of $4.5MM. The goal would be to never pull anything out of the first portfolio ever. It’s purpose is to sit there and compound. The purpose of the second portfolio would be to produce income for living expenses. Not saying I’d retire at this point, I’d be 47, but I would want to see if we could sustainably live off the income at that amount.
For those doing the math, my contributions plus living expenses don’t quite add up to the $1.5MM projected annual income, so any excess I may direct to other investments such as precious metals, real estate, etc.
Is this a crazy plan? Or does it make logical sense? I’m good at making money but it’s time for my money to go to work. I can’t predict the future but I like having a plan in place that I can try to follow. If the plan makes some level of logical sense to you guys here, where would you direct money in the first 5 years and then in the next 5? Would it be wise to have money across multiple platforms to keep from being centralized in one spot? It seems Fidelity, Schwab, and IBKR come highly recommended. Also I don’t think I want an advisor, this is something I want to do myself. I’ve met with several and I don’t know as it’s a fit for me. I like to be fairly hands on.
Thanks all, fire away.
Steven
Statistics: Posted by 10FOTurkey — Mon Sep 30, 2024 6:46 pm — Replies 2 — Views 205