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Anonymous
Hey, I need some advice on how I can invest my first 100k? I managed to save up and achieve my first 100k (in cash). currently, im self employed (running my own business). im 26 this year, i want to get advice how i can invest this sum of money for long term. not really the best/well informed in investing...Any advice wld be really helpful :)
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I am starting to put more of my money in robo-advisor as return is better than when I invested on my own.
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Given your age and time horizon to invest for the long term, you can consider buying into S&P500 ETF e. g. VOO. But suggest to stage it out for dollar cost averaging purpose.
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Giving advice from a 26-year-old achieving my first 100k through employment and investing. I only recently started investing in my own business.
The fact that you have achieved 100k in cash at 26 as a self-employed, I assume your business is doing pretty well.
You should reinvest the money in your business. Figure out how you can use the 100k to grow the business.
If your intention is to diversify, you can scale horizontally geographically or by targeting new client demographics.
If the amount isn't enough to do these, consider looking for investors.
You can also consider looking for a business coach.
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Kent Toh
15 Aug 2024
Consultant at Sprinklr
Go robo; should be quite guided step by step in terms of helping you plan your pots of money.
If y...
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You can put in many ways
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it all depends on your risk tolerance and appetite