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Hi /biz/.
I would like to have a discussion. Here is some background on me. 23, and I work at one of the biggest brokerage firms on a small production team. I worked my ass off to get here. I graduated from a small business school that is unknown and moved. I live and work in the financial district in downtown NYC.
Now. By year-end 2016, I should have ~30K in liquid assets and $4.5K in a 401K (have been putting 7% (max match)). Currently, I have roughly $15K in a vanguard fund that is doing sub-par.
I was going to keep $20K in a S&P ETF and keep $10K in the fund I already have open. My $4.5K is saved in a company account that is pretty balanced (since company stock has risen in Q2). The only other "investment" i was going to make is to grow a bunch of mushrooms in my new apartment (should profit ~$2K by year-end) (haven't started yet).
If you had $30K, how would you invest it? Also, if you were in my position, would you put more into your 401K?
Should I try to invest in something other than stocks?
Also, $55K salary and I make $80K with OT (not including expenses, free schooling, etc). I hopefully will be increasing this to 6 figures in the next few years. I work 50 hours a week and am taking classes. In 5 years, would the investment profile you have chosen change with more incoming cash? If so, how?
Thanks /biz/, looking forward to an interesting discussion. Also, AMA if you want.
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>>1427932
make those3 chicks fuck and record it. Then we'll help u
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>>1427932
30k? Could be enough for a down payment on rental property depending on your location
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>>1427963
Whenever there's no time to do something, there's always someone willing to do it for you for a small fee. Consider that.
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Why are you so poor?
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Being rich its so AWESOME :D
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Obvious answers for a guaranteed uprise and a change to get rich before you are a grandpa is Bitcoin.
Other than that... the stock market is dogshit. My Netflix has been doing fine, other than that it's just boring.
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>>1427932
you work at a brokerage firm in NYC and are asking /biz/ for investment advice.
wtf
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>>1427989
>i'm from detroit. and i live in manhattan now.
What's that shit hole like these days? Also, what's Detroit like now?
t. left Manhattan last November, no regrets, such a shit hole
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>buying into an index fund at the top of the market
looks like you sure did earn that finance job, fucko
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>>1428341
>thinking you know when it is the top of the market
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>>1428341
>Thinking you know when market is top
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>>1428481
>>1428485
>doubleposting
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>>1428113
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>>1428113
he's first year in most likely, so he doesn't know shit. In finance you learn from experience, not really from your degree.
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