Retirement Funds OR Real Estate Investing

[Jr Trotta]

Good evening BP!

I would like to throw this out there and listen to the feedback! I am curious to see what you would do if you were in my position!

Currently I have 2 savings accounts. My first account is at the bank in a traditional savings account. I plan on using this money for real estate investing. I have $102,000 saved.

I also use a financial advisor to spread my other savings around the market. I have my money spread over 50-75 different stocks. Conservative earnings but I contribute $2500 towards that per month. I currently have $105,000 in that account.

I guess my question would be. Would you keep it split this way? Or would you use the stock investment money for real estate? Please let me know your thoughts! I am torn.

Thanks,

JR

[Basit Siddiqi]

@Jr Trotta

You are on a real estate investing forum so you will likely get a lot of answers suggesting you to put money into real estate.

You appear to have a good paying job being able to save $30,000 a year($2,500 a month).

It doesn't appear that you have any real estate investments at the moment. I would take the time to educate yourself in real estate(if you haven't done so already) and then decide on an area that you want to invest in.

You don't need to invest 100% of funds into real estate and it doesn't have to be instant. You can always start off with 1 property a year as you get accustomed to it.

With all that is said - multiple streams of income is good so I would keep some money in the stock market in addition to real estate.