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Updated about 1 year ago,

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Will Newmiller
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New investor looking for start up advice

Will Newmiller
Posted

Good Afternoon everyone,

New to the forum here a few books pointed me in this direction would love some real estate advice for someone who is just starting out. All my information is below. 

Currently have no home and spent the last 3 years in California. Didn’t know much at all about investing which lead to me putting a lot of money into the stock market. Age is 26

Pay of $3,200 every two weeks. Pay will be $3,400 in June. I am in a serious relationship but not married also with no kids or pets. 

Expenses (Monthly):

$500 a month for student loans (total of 16k left)

$1,500 per month dedicated to various expenses including car insurance, food, entertainment, and other bills (Won’t go into detail on how its broken up but it is deficiently accounted for meticulously on my own budget and is paid off in full every month on my credit card)

No current rent expenses 

Car is currently paid off. I believe it will last a decade.

Investment (Monthly):

$1,500 into High Yield Savings Account

$500 into Mutual Fund/Brokerage Account

$500 into Roth IRA

$200 into Robinhood (More risk adverse stocks here)

5% of pay into TSP C fund (Had it at 15% for a long time recently lowered it to 5 in order to build up more liquid assets

Net Worth:

$7,500 – HYS

$20,600 – Brokerage account

$14,500 – Roth IRA

$11,000 – Robinhood

$3,600- Checking account ($2,000 Emergency Fund)

$34,000- TSP

Net Worth ~ 64K


Live in NC and plan to start investing in here. If anyone has any inputs on either this topic or ways to improve my investment strategies it would be greatly appreciated. Additionally, if anyone has any good books to recommend for someone starting out that would be awesome as well  

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