My plan as of now is this, I plan to make around 75,000 - 90,000 by next year when I graduate. Then, I plan to save 40-60% of my income. This includes 401k contributions.
Thus, Ill invest perhaps 20,000 each year in taxable accounts. Mainly being just VTSAX (simple, I know). Then after a few years of compound growth and more contributions, I will take my money out of the taxable account and purchase, either large down payment or pay in full, a rental property.
My concern here, is where to put money prior to real estate? I just assumed put it where I can gain decent returns?
But, having money in VTSAX for short term has potential for large down swings. Your thoughts are very appreciated.
Thank you.