- Joined
- Dec 10, 2020
- Messages
- 11
Rep Bank
$195
$195
User Power: 182%
Hello,
I would like to ask for some advice regarding investing profits from a business exit.
I am 25 years old from Eastern Europe and I am about to sell my business for around $2M (applied lessons from both books, thanks MJ!). I do not plan any major expenses in the upcoming years, so I would like to invest pretty much all of it. I have read both The Millionaire Fastlane and UNSCRIPTED so I do have a rough idea about creating the “unscripted money system”, however, I am a complete newbie in investing.
The thing is that I still have to run my business and I spend most of my time working so I do not have the time to research and learn about investing. As of now, most of my business profits are just sitting in my checking account, which really hurts to even think of the lost interest I am not getting. I would like to change that and find a solution I could implement right away before I get more time to learn more.
The biggest issue when researching a simple investing strategy is that all of these strategies are aimed at 40+ years of investing for retirement (Slowlaner strategy). Obviously, I do not want to do that. Since I live in Eastern Europe, my living expenses are around $1500 per month, so I should be able to retire already.
Most of the strategies are about investing in index funds, however, since I live in Europe, I can invest only in ETFs (and stocks). I have an account in Degiro so I am able to access a wide range of products. As I mentioned before, I am looking for a very simple strategy that I could implement right away. Based on my understanding, going for 70% Equity / 30% Bond ETF investing would be a viable strategy. The majority of the Equity investment would go in an S&P500 Index fund.
On the other hand, such a strategy seems to be better for long-term investing and not creating a proper monthly “paycheck pot” since it can be quite volatile and I will need the income regularly to cover my expenses.
With that being said, I would truly appreciate if you could share your experience:
1) I am looking for a simple strategy I could implement without doing an extensive research
2) 3-4% per year would be more than enough to cover my expenses
I was also wondering, once I get the time to really dig into this and research properly, what kind of resources can you recommend to learn about investing?
Thank you very much!
Take care,
M.
I would like to ask for some advice regarding investing profits from a business exit.
I am 25 years old from Eastern Europe and I am about to sell my business for around $2M (applied lessons from both books, thanks MJ!). I do not plan any major expenses in the upcoming years, so I would like to invest pretty much all of it. I have read both The Millionaire Fastlane and UNSCRIPTED so I do have a rough idea about creating the “unscripted money system”, however, I am a complete newbie in investing.
The thing is that I still have to run my business and I spend most of my time working so I do not have the time to research and learn about investing. As of now, most of my business profits are just sitting in my checking account, which really hurts to even think of the lost interest I am not getting. I would like to change that and find a solution I could implement right away before I get more time to learn more.
The biggest issue when researching a simple investing strategy is that all of these strategies are aimed at 40+ years of investing for retirement (Slowlaner strategy). Obviously, I do not want to do that. Since I live in Eastern Europe, my living expenses are around $1500 per month, so I should be able to retire already.
Most of the strategies are about investing in index funds, however, since I live in Europe, I can invest only in ETFs (and stocks). I have an account in Degiro so I am able to access a wide range of products. As I mentioned before, I am looking for a very simple strategy that I could implement right away. Based on my understanding, going for 70% Equity / 30% Bond ETF investing would be a viable strategy. The majority of the Equity investment would go in an S&P500 Index fund.
On the other hand, such a strategy seems to be better for long-term investing and not creating a proper monthly “paycheck pot” since it can be quite volatile and I will need the income regularly to cover my expenses.
With that being said, I would truly appreciate if you could share your experience:
1) I am looking for a simple strategy I could implement without doing an extensive research
2) 3-4% per year would be more than enough to cover my expenses
I was also wondering, once I get the time to really dig into this and research properly, what kind of resources can you recommend to learn about investing?
Thank you very much!
Take care,
M.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today