pauljamesreid1981
New member
I’ve been a lurker on this forum for sometime now and I understand that I need to diversify my portfolio. Besides this liquid million, I do have investments in a variety of stocks and indices of around ~300K.
These are my investment ideas so far and I am looking to better understand on how much I should invest in each category to keep a healthy balance between safe vs risky bets:
1) IRA: safest?
2) Index funds: Safe in long term, not sure which ones to look at besides S&P, Dow Jones. How much should I invest here and in which ones? I’ve heard there are a bunch of ETFs people look at, what’s a good resource that could help me understand this better besides the first few articles on google?
3) Short Term Trading: Big Tech, Big Pharma, maybe Defense? (Is this relatively safe? How short should be short term? What other kind of stocks should I invest in)
4) Angel Investing: In series D and series E startups. Is this lucrative, what is the success vs failure rate in this, where can I find out this info, approx how much should I bet here?
5) Real Estate: Something that is easy to manage. I want to retire so I want to invest in minimal effort properties, I don’t believe buying individual homes gives me this freedom and I’ve read that commercial real estate is even more complicated.
6) Small Business: I don’t want to run or manage a business but I am happy to invest as a silent partner. Should I do this? What kind of businesses should I look at for this? Is it a good idea to invest in a friends’s business? If not, how to trust strangers?
7) Day Trading: If I am able to retire, I would just do this in my free time (in addition to managing the rest of my money) to be productive but I am not sure where to start looking to gain knowledge on this.
8) Certificate Deposits, HYSA, Treasury Bonds: Are Bonds still a good idea?
9) Sell My Business: What are some factors I should use to evaluate the selling price? I have about 2000 clients to who I sell a personalized service.
My goal is to multiply the million dollars into $10M in 5-8 years. My second goal is to make atleast $300K each year in interest/dividends/gains without liquidating a lot of my investments. I have a family of 6 dependent on me so having $300K per year would help us all live comfortably while I am retired.
Appreciate any and all advice on above topics as I am a bit lost. Please feel free to recommend any resources that have helped you in your journey or if you know where I could read more about any of these topics.
Hope the above list helps others on this forum.
These are my investment ideas so far and I am looking to better understand on how much I should invest in each category to keep a healthy balance between safe vs risky bets:
1) IRA: safest?
2) Index funds: Safe in long term, not sure which ones to look at besides S&P, Dow Jones. How much should I invest here and in which ones? I’ve heard there are a bunch of ETFs people look at, what’s a good resource that could help me understand this better besides the first few articles on google?
3) Short Term Trading: Big Tech, Big Pharma, maybe Defense? (Is this relatively safe? How short should be short term? What other kind of stocks should I invest in)
4) Angel Investing: In series D and series E startups. Is this lucrative, what is the success vs failure rate in this, where can I find out this info, approx how much should I bet here?
5) Real Estate: Something that is easy to manage. I want to retire so I want to invest in minimal effort properties, I don’t believe buying individual homes gives me this freedom and I’ve read that commercial real estate is even more complicated.
6) Small Business: I don’t want to run or manage a business but I am happy to invest as a silent partner. Should I do this? What kind of businesses should I look at for this? Is it a good idea to invest in a friends’s business? If not, how to trust strangers?
7) Day Trading: If I am able to retire, I would just do this in my free time (in addition to managing the rest of my money) to be productive but I am not sure where to start looking to gain knowledge on this.
8) Certificate Deposits, HYSA, Treasury Bonds: Are Bonds still a good idea?
9) Sell My Business: What are some factors I should use to evaluate the selling price? I have about 2000 clients to who I sell a personalized service.
My goal is to multiply the million dollars into $10M in 5-8 years. My second goal is to make atleast $300K each year in interest/dividends/gains without liquidating a lot of my investments. I have a family of 6 dependent on me so having $300K per year would help us all live comfortably while I am retired.
Appreciate any and all advice on above topics as I am a bit lost. Please feel free to recommend any resources that have helped you in your journey or if you know where I could read more about any of these topics.
Hope the above list helps others on this forum.