[arkis22]

Keep working and dump all of it into a basket of etfs. high quality stocks that pay dividends. the sp500. a little in the russell.

those are retirement and extreme emergency funds.

dont feel bad about buying something fun. just make sure it isnt stupid and fun.

[thesuit]

I'm in my early 30s but participate in a few communities (old BMW motorcycles, vintage clothes, jazz music) where I interact and with a lot of successful men in their 50s/60s from various walks of life. The advice presented here is a pretty common theme among upper-middle class men living comfortably and who will retire early and comfortable. Playing the long game is a solid choice.

Another good choice might be investing in property for long-term renting.

[tinyjackpot]

What's the process for investing in S&P500/Russel2000? Do I need to pay someone or can I do it myself through my bank?

[GaryNumanVevo]

Vanguard / Fidelity are also good options. Look for a low-fee index fund. Also congratulations!

[tinyjackpot]

Thank you!

[arkis22]

probably a good time to open a brokerage account.

Schwab is a solid broker that also has a pretty well regarded consumer bank.

Most brokers just dropped trading fees, so investing is almost free.

[tinyjackpot]

Oh, managing my normal bank stuff and my investments in one place seems neat, I'll look into Schwab!

On another note, how "flexible" (not sure what the right terminology is) are these brokerage accounts? Is it like savings where you can withdraw when you want, or like a 401K where once the money goes in it's super hard to get it out?

[arkis22]

They're flexible. Once you put in money the broker will give you margin. That lets you buy, sell, or send money out without having actual cash. They'll charge you for it and obviously you need to eventually settle the positions by putting cash where it's supposed to be.

[tinyjackpot]

Understood, thank you!