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Anonymous
Hi all! Advice (especially F.I.R.E.-related) is greatly appreciated on my current asset allocation given the current uncertain economic climate:
33yo single, self-employed
Est. Net Worth currently is ~ $560k, broken down into:
I am trying not to time the market, but how and into which areas should I DCA into? I started on my investment journey only in my late 20s and feel the above allocation is quite conservative but I have been guarding against the greatly fluctuating (past and potential loss of) income due to the current situation. Thanks in advance!
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I guess, just guessing for fun, from ur portfolio u recieved ~ $6k to 7k dividend p.a?
$560k @ 33 is amazing feat. I see your portfolio mostly income generating component?
Is time to deploy your MMF & foreign currencies.
How much income do you really need for 1 month? How much is the gap from now? Deploy the amount to a higher yield fixed income with monthly payout. That will cover your monthly expenses.
Then the rest into S&P500 ETF (lump sum) to let is grow , which you wont be touching soon.