Ask HN: Early 20s, exit at 10M+, burned out, don't know what to do

Re:Ask HN: Early 20s, exit at 10M+, burned out, don't know w... by askwhat on Saturday December 05, 2020 @10:18AM (#25315149)

I can work flexible hours and can hire people for my own team.

I don't spend much at all and have a finance background so will try to invest some of them myself.

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Re:Ask HN: Early 20s, exit at 10M+, burned out, don't know w... by wikibob on Saturday December 05, 2020 @03:03PM (#25317797)

I cannot recommend highly and strongly enough to NOT play at investing, most particularly if you have a finance background.

You are at high risk for overestimating your investing odds, getting a few lucky wins and getting hooked, and losing it all.

Instead research the FIRE community and strongly consider dollar cost averaging into a market fund like VTSTAX and the S&P 500.

You will, statistically, never be able to beat the market average over a long time period. And if you’re mid-20’s then you are looking at a 50+ year time horizon for your investments. That’s amazing!

If prudently invested in market funds, it is likely that your 10MM can grow to a very significant multiple of that over the next 40 years. You should be able to stop full time work now and live on the interest.

But you have to absolutely swear to yourself to never touch the principle under any circumstances.

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