r/investing Apr 20, 01:16 PM
Should I build wealth or buy land? I’m a 39 year-old male, at the moment I have about 120 shares of SPYI, seven shares of VOO, nine shares of SCHD, 30 g of fine gold, and 25 ounces of fine silver.
And about 27,000 cash.
My original plan was to buy a little bit of land with that cash prep it for a mobile home and rent out the land for 200 a month while I’m still in a good living situation to where I can save and let the land do its thing while I save, but unfortunately, it would basically tap me out.
I’ve almost abandoned that plan and I don’t know if I’m crazy or not. I don’t really have anybody to bounce ideas off of except for ChatGPT and it sucks.
So my other idea would be to open a Roth IRA every two weeks put in a little over $250 which would max it out by the end of the year”100% VOO” I would park 25K in SPAXX. In addition to my Roth, every two weeks I would invest $400 split 40% VOO, 30% SCHD and 30% SPYI DIRP enabled on everything. The interest from SPAXX would keep emergency fund one full my bank account topped off and if all of those are good and it’s still at 25K then I would relocate 50% of it investing in the previously mentioned 40 – 30–30 and the rest would be true surplus so I guess fun trying to avoid burnout. I get bonuses too so I would be able to accelerate that but I guess I would rock it for five years and then reassess. I’ll probably be lowering that SPYI percentage have to tell you the truth. It’s heavily weighted.
I know my system is not optimal, but given my age, I need to start trying to supplement my income i’m trying to build something that would function in the real world. Something that I can do and not get burned out because we’re talking 30+ years. of course I would reassess every 5 to 10 years. I’m trying to build something durable practical. My emergency fund number one it’s capped at $1500 bank account cap that $1300 anything over those numbers is considered surplus.
Thank you all for reading this.
submitted by /u/SPY-Talk
[link] [comments]