1M in investments at 30

[Anonymous]

What would your advice be to someone with 1M in investments in their early 30’s? Mix of retirement and taxable accounts. Should I cut back on the saving rate, spend for today, and let the investment ride? Or keep saving as aggressively as possible?

[Anonymous]

Seriously?

[Anonymous]

Continue to save and invest. Don't spend it.

[Anonymous]

Invest in high tech stocks and dividend-bearing stocks. Reinvest the dividends or save for a downpayment on a home.

[Anonymous]

Good for you! Time value on that will be tremendous. Keep saving and investing, but be sure to enjoy life now, too. Give us more specifics - how'd you accumulate $1M by 30? What's your HHI and how much do you save, and in what way?

[Anonymous]

Anonymous wrote:Good for you! Time value on that will be tremendous. Keep saving and investing, but be sure to enjoy life now, too. Give us more specifics - how'd you accumulate $1M by 30? What's your HHI and how much do you save, and in what way?

The stereotypical way that you see online. Worked in tech and made 6 figures in my early 20’s, read about investing when I was in college so already had the mindset of wanting to maximize future net worth by saving aggressively at a young age.

[Anonymous]

What is the mix between retirement and non-retirement accounts?

[Anonymous]

And what is your income?

[Anonymous]

I’d continue to save so I could quit the rat race early.

[Anonymous]

Congratulations OP!

[Anonymous]

It totally depends on your expected income from other sources into the future.

[Anonymous]

do you own a house?

[Anonymous]

Is it enough to keep growing and cover all your expenses if you became disabled right now?

[Anonymous]

Anonymous wrote:Good for you! Time value on that will be tremendous. Keep saving and investing, but be sure to enjoy life now, too. Give us more specifics - how'd you accumulate $1M by 30? What's your HHI and how much do you save, and in what way?

I think it is doable. My partner and I make combined 380k last year. We're in our early 30s. Living in a new~ish TH in NOVA.(260K equity, bought when rate was 3%). We have 1 mil liquid cash after we sold our condos. We each had a condo before marriage.
We always max 401k. Working from home also helps us to save.

[Anonymous]

Congrats. Few youngsters think about it. I'm doing it for my elementary kid. They have 300k right now and surely won't be thinking about it. Too busy with video games.
Saving aggressively doesn't mean that you are not spending, does it? Keep going, but don't overwork. Mid 40s is when you can feel energy and health not being what it once was. Be ready.