Gents I apologize if I’m posting in the wrong Reddit I will happily delete should that be the case.
Before I give a breakdown of finances, I want to point out I understand that I am a fortunate individual in the sense I did not have student debt, and minimal expenses.
I’m currently 26 y/o I am not from the US and am from Bermuda so I do not pay tax. I work in insurance and in the last 3 and a half years have saved up 230,000. Before I’m crucified for the amount in my savings I should state my initial intent was to purchase a condo/home which in Bermuda is circa $800k and obviously have a mortgage.
Due to my age however and cost of rent here ($3k a month – I live at home pay $800) my game plan has since changed. Currently planning on dumping 60% of my savings into either SWPPX OR VOO with 20% in bonds and the remaining 20% in either international stocks or stocks of my choosing.
I have a decent background of help I can ask around investments (my uncle is CEO of an investment firm) but I’m not as close with him these days in age as I was when I was younger hence my post.
Does my current plan seem irresponsible, I have around $6k a month in free capital than can be invested should I not go on vacation so call it 5-6 months of the year.
I have never invested before hand and do not want to make simple mistakes off rip due to the amount I would be starting off with, but think the plan I have above is a strong enough base where if I were to put 3-4k a month should never end badly.
Happy for all critiques and discussion, and acknowledge at the end of the day all possible financial tips are my own fault if executed.