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Continue contracting. Sell the BMW and buy a 2000 Camry. Take 60% of the 100k and invest in Apple, the rest in a selection of index funds. Reevaluate Apple i
by marze 16y ago
Continue contracting. Sell the BMW and buy a 2000 Camry.
Take 60% of the 100k and invest in Apple, the rest in a selection of index funds. Reevaluate Apple in four years. Invest 15% of your ongoing contracting gross income the same way.
Pick some 'just for fun' iOS apps and write them in your spare time. Brainstorm for app ideas weekly, and other low-capital ideas. If one shows promise, partner with some other developers and put more time into it. Only invest cash you can afford as long as it doesn't get in the way of continuing the 15% long term investing.
- lionhearted 16y ago> Take 60% of the 100k and invest in Apple Quite possibly at the top of the market right now. Or maybe not. But if you're good enough to run the analysis on the market for smartphones and high end consumer electronics to be reasonably sure Apple is a good buy right now, then you're good enough to find better buys. Maybe some of Apple's suppliers or manufacturers, for instance - I don't know personally, I don't have the skills to evaluate on those things. But I do know buying a stock just because it's cool, fashionable, and has gone up a lot recently is a pretty good way to lose your shirt.
- marze 16y agoTime will tell.