We're super fortune through a mixture of hard work and luck have grown a solid business that has allowed my wife & I to secure a decent future. I'm the sole principal/shareholder of the company and my wife works in a large corporate.
Both of us are in our mid 30's.
We've got $160k sitting in the bank (w/ another $540k due in 2-3 mths), want to get your advice on what to do with it and what we should do with our money going forward.
This is the high level overview: (Please let me know if you need any other info)
+$2.4M family home
+$1.5M rental - @ $1k per week, 4 years left on the brightline test and $1M mortgage (2 yrs @ 2.39%)
+$220k in shares (synergy 80/20 SRI -https://www.synergyinvestments.co.nz/portfolios/performance )
+$50k in savings @ 0.8% @ 270 days
+Investors in 3 startups @ $105k across the 3 companies in Year 2-Year 4 (not looking to returning anything till year 3-4 minimum)
+$300/wk towards 80/20 Synergy Investments (managed investment fund)
+ $2k in disposal income/wk
Company wise:
+$500-$600k business profits after tax/yr
Our portfolio 'mix' at the moment is really:
+The Company
+Start Up Investments
+Investment Fund
+Term Deposit
+2 houses (w/ net rental income for the 2nd and what ever capital gains unfold)
Ideally we want to semi retire in the next 2-3 years with a child due soon, or retire forever in which we'd need a minimum of $140k/yr income to keep our lifestyle.
What do we do with the $700k and additional $$$ coming to make our early retirement possible?
I've posted before over a year ago and got a little bit of hate and ppl messaging aggressively, please don't hate, both my wife and I come from humble lower middle class families and have been lucky. We've sort advice from professionals who all say, shares, shares, shares (and clip the ticket for little advice/support).
Thanks you for your advice in advance!
Both of us are in our mid 30's.
We've got $160k sitting in the bank (w/ another $540k due in 2-3 mths), want to get your advice on what to do with it and what we should do with our money going forward.
This is the high level overview: (Please let me know if you need any other info)
+$2.4M family home
+$1.5M rental - @ $1k per week, 4 years left on the brightline test and $1M mortgage (2 yrs @ 2.39%)
+$220k in shares (synergy 80/20 SRI -https://www.synergyinvestments.co.nz/portfolios/performance )
+$50k in savings @ 0.8% @ 270 days
+Investors in 3 startups @ $105k across the 3 companies in Year 2-Year 4 (not looking to returning anything till year 3-4 minimum)
+$300/wk towards 80/20 Synergy Investments (managed investment fund)
+ $2k in disposal income/wk
Company wise:
+$500-$600k business profits after tax/yr
Our portfolio 'mix' at the moment is really:
+The Company
+Start Up Investments
+Investment Fund
+Term Deposit
+2 houses (w/ net rental income for the 2nd and what ever capital gains unfold)
Ideally we want to semi retire in the next 2-3 years with a child due soon, or retire forever in which we'd need a minimum of $140k/yr income to keep our lifestyle.
What do we do with the $700k and additional $$$ coming to make our early retirement possible?
I've posted before over a year ago and got a little bit of hate and ppl messaging aggressively, please don't hate, both my wife and I come from humble lower middle class families and have been lucky. We've sort advice from professionals who all say, shares, shares, shares (and clip the ticket for little advice/support).
Thanks you for your advice in advance!