Hey Mustachians,
I have finally saved up enough and done the research into which brokerage and which stocks to invest in. I just need some final words of advice before taking the plunge.
I am a 29-year-old South African living in the UAE. I currently save between 55-60% of a decent monthly income, I have no debts and no property. I want to achieve FI within 10 years. Although, this may be problematic given the oft-mentioned impending crash.
I plan to invest 80% of my portfolio in VTI, due to its slightly greater diversification compared to VOO, and 20% in BND for "safety/stability". Is this wise for now?
As this is my 1st time investing I will have to put in 10k US. What I'm wondering is, and I already know what you all will say but will ask it anyway for comfort sake, should I wait for the markets to become more stable and invest in gold or BND for now?
I am using Interactive Brokers (IB) for their low cost, they have been referred by many Mustachians.
Any final words of advice would be greatly appreciated.