College junior with somewhat substantial savings

I have around 100k in “savings,” which I have in a Robinhood account that’s currently around 1/4 SPY, 1/4 FAANG, 1/4 BTC, 1/4 Ethereum. I have 0 expenses, and my parents are paying for my college. My parents also have no idea that I have this money, and they did not give this to me; Ive just saved everything I’ve made and invested early in crypto. I have a lot of free time on my hands, and I am looking to get a bit more aggressive to potentially make some real money before graduating. Any ideas?

12 Comments
 

100K is amazing as a college junior,  I would just keep saving and continue to build a nice little nest egg.  Assuming you are going into some sort of IB/PE/Consulting,  the 100k will not really matter at the end of the day if you stay in your career long term, but If you decide to leave early this could be a down payment on a house/condo when you are 27.  It sound like you are already pretty aggressive with the portfolio, so I may even move some into more secure assets if you have any expenses after college,  Car, etc.  

 

Thanks for the message. I am already relatively aggressive, but to your point, 100k will not be the end of world for me in the long run, which is why I’m leaning toward aggression.

 

Similar to the above poster I also made/lost a large sum at a similar age as you. The hardest thing to do is allocate it and not touch it, but that's really what you have to do. Diversify and set risk parameters - do your research. You don't want it volatile. You don't want to feel the bumps and bruises, it will stress you.

To the above poster (and yourself) who said 100k will not really matter - that is really really stupid logic. 100k is a first years salary and you have no idea if you will stay in IB/PE for any long period of time, you're a junior.

You can yolo it in volatile assets or put it away and with S&P returns you may have 3-4x the money in 10 years. That 300k-400k matters to you when you're in your thirties whether or not you're in IB...

 

Not sure how people think this money won't matter. Had a similar story in college getting lucky with trading. Now as a first year, having the safety net is a HUGE relief knowing whatever happens, I have far more money than typical of my age. I don't feel trapped in IB and if something were to happen financially, I'm more than covered. That is basically invaluable to me.  

 

Get off rh, recommend TD/TOS but Webull has a friendly mobile interface. Trading/investing is a marathon and not a sprint, and the biggest advantage you have is when you're younger it's easier to recover from blowing up (and learn from mistakes). Look into a Roth as there's a 6k funding limit per year so the earlier the better. Building up for a down payment was one of the best decisions I made. If you must degen, do it in a separate acct.

 

In the same boat as you.

I would continue to be aggressive. Have 5% in crypto while the rest are in tech stocks, SPY, QQQ etc. Am currently maxing out my Roth as I have the capital to do it (since it’s only 6.5k per year). Work on building out that base but please don’t get too aggressive. It would be a shame to lose 100k so early when it could literally be a down payment on a house. Be well and do your due diligence (don’t have a doubt in my mind you won’t).

Also if it doesn’t hurt the bank to much buy yourself a vacation or something you’ve been working towards, it never hurts to reward yourself for hard work. Def didn’t realize that till I hit 2nd semester junior year.

 

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