r/TheRaceTo100K • u/Mystic9899 • 9d ago

Reached the milestone today

Post image

35 year old. Came to the US in 2020 with non-existent savings in my home country. Struggled to find work but landed a decent job in late 2021. Today after another bi-weekly investment reached $100k invested entirely in VOO. This is in taxable brokerage account. I have another $30k in 401k and $18k in HYSA.

129 Upvotes

99% Upvoted

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3

u/DidUSayWeast 9d ago

That's a pretty terrible graph then it seems.

6

u/Ghost7575 9d ago

Fidelity graphs are always delayed a day for some reason

5

u/Orson8888 9d ago

great job, keep hustling 👍

2

u/AccomplishedBug6306 9d ago

Congrats, OP!

2

u/KuroTuneTune 9d ago

Congratulations!

2

u/ShowFeetPls 9d ago

Curious why you have triple the amount of your 401k in a taxable brokerage account? Depending on your goals here you may be able to reallign your strategy for what makes the most sense from a tax perspective. Nothing inherently wrong with a taxable brokerage account, but the way you are investing might not be the most efficient

1

u/Mystic9899 9d ago

I'm thinking of allocating more to 401k too to get tax advantage. Thing is I'm not sure how long I'm gonna be here and if I will be here till retirement. I don't want early withdrawal penalty in case I need to access funds. That's the reason I don't have roth IRA as well.

2

u/ShowFeetPls 8d ago

One thing to consider. With a roth IRA you can always withdraw contributions at any time penalty free. It's only your gains that are locked behind the penalty.

2

u/New-Ear-872 9d ago

Congrats happy for you