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Anonymous
How should I allocate $350k to achieve FIRE by 30?
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Invest in property. Find a good location, near amenities, rent it out. Get a good steady stream of income even before you start work.
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Undergrads getting richer and richer yea... maybe can share with us how u got 350K?...
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Great to see that you would want to fire by 30.
i assume you have taken care of your health insurance, and 6 months worth of emergency funds.
That's a good 5-7 years plan.
Let's break it down.
6 years to FIRE With 1M in portfolio
Here's what i would do,
I'll punch my figures into a TVM calculator to find out how much i need to grow to reach that stage.
This is a good one: http://www.fncalculator.com/financialcalculator...
Means that i need to grow my investment at a rate of 19% per year.
Now i'll start looking into Stocks ETF that has been growing near that rates.
Can check it out at etf.com
Though i might warn you that past performance doesn't confirm future performance.
But i think that since they some track record, why not?
So i'll invest 90% of my money in those ETF with a lump sum.
Then when market drop 10-15% i'll deploy another 5%
When drop 20-25% i'll deploy another 5%.
Then i'll continue working in my main job and i'll save and invest first 60% into it and just spend and budget that 40%.
From there, i'll ignore all the noise in the market and just seat and wait and do nothing.
Let it compound and grow.
Jiayou!