currently 25M and making 109k in VCHOL in california, and i’m contributing employer 401k match and maxed out my roth ira. my take home is around 2.5k after 401k and taxes, and im also investing 300$ weekly (180 VOO/120 QQQM) into my individual brokerage. I have around 123k in a HYSA that i do want to use towards a downpayment on a condo / house in 3-5 year span. my current cost of living is roughly 2-2.5k ish give or take after rent, food, misc, and shopping etc.
this is not a post to boast, but am i investing too little, should i bump up the numbers of my investments to 500 a week? thank you in advance.
Posted by hovc
4 Comments
Well why wouldn’t you? What are you doing with the money now if not investing it?
What do you do?
Do you live with your parents?
Yes save as much as you can but try to go out in the world and live a little and enjoy with friends!
You’re not in VHCOL if you’re spending 2.5k a month on rent food and shopping and have leftover to invest
If you can, sure. Have you ran the numbers on buying a condo in VHCOL area vs renting and investing in the market? Market smokes it by a long shot. It’d take you like 15 years for 500/mo to = 100k in contributions. I’d put that in taxable brokerage.