Hey guys, 22M here.
I’m current sitting on $24k and recently cashed out on most of my individual stocks after this previous AI run up. I want to move this money into something a bit more safer than reddit stocks that I clearly got a bit lucky on, and want to start thinking a bit more long term.
I previously thought of going 60% nasdaq and 40% all world, but at my age this seems a bit too boring. I want to be a bit more risky until age 25-30 before I start to get super safe with my investments. So I was thinking 100% Mag-7. Like I mentioned i’ve been pretty much gambling on reddit stocks for the past 3 years so can take a bit of risk, and this would be for long term holding.
I would contribute around $600/month to this starting from this month and want to sit on most of my cash until a big correction, then would go all in with the $24k (into Mag-7, and save about 20% for some high risk AI/Nuclear/Quantum plays).
Wanted to get some more experienced thoughts on this to make sure i’m not missing anything important, besides from the fact that it would be a pretty bumpy ride.
Thanks