Wednesday, June 15, 2022

Advice for 22 year old with 10k in cash


Some background: I did two software engineering internships and had a ton of money in 2021. I started learning about investing and invested in what I thought were good growth companies like SOFI, PLTR LMND, TTCF, COIN, GENI, IDEX and some big ones I liked including MSFT, DIS, SPOT.I've sold some accepting the losses but am hoping that others will rebound one day in the next two years, but it is hard to hold some days.Between my Robinhood and Fidelity I've invested 23k and have about 10k in unrealized losses. I have another 11k left in cash and am not exactly sure what to do with it.I feel dumb about the losses and recently I've changed my strategy to invest weekly in VTI, VOO, as they keep falling to balance my portfolio.I've also been investing in MSFT, COIN, and ETHEREUM to lower my averages for those as well.I start a full time job in July making 80k a year and will make sure to max out my 401k and Roth and only stick with VTI/VOO for those moving forward. Is there any advice you all would give me on what to do with my remaining 10k in cash savings and just in general moving forward?I am sorry if this is not meant for FIRE subreddit and will delete if needed and repost somewhere else. via /r/Fire https://ift.tt/0bk2ADi

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