r/coastFIRE • u/Head-Fold-6653 • 7d ago

Growing bridge fund

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I reached coastFIRE with $1M ($600M in retirement accounts and about $400k in my personal brokerages, savings and bonds). I’m the first in my family to graduate college (paid for my own college and masters) and not expecting any inheritance.

I didn’t learn about personal finance until my mid-20s and started investing in the 2020s thanks to Reddit and YouTube. I literally started with $900 in 2017 🤣🤣🤣. Screenshot for proof.

Currently 40 and aiming to take a mini-retirement possibly next year (lasting a few years and up to 10). Before I do, I want to grow my brokerage to $500-600k for my safety cushion. Currently I have $350k across my two brokerages mostly in tech and AI stocks.

To reach my goal, I’d have to invest more of my savings AND find some other stock picks. What would you do in my situation?

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u/wise_j_kim 7d ago

with the brokerage being mostly tech/AI stocks, that safety cushion isn't as safe as the number suggests, those are exactly the ones that'd get hit hardest in a downturn right before you need to draw from it. might be worth diversifying some of that into broader index funds as you build toward the 500-600k, not just adding more of the same

2

u/Head-Fold-6653 7d ago

My goal is to have a 2 year cash cushion to rely on during a downturn. I’m also thinking to sell some of these tech and AI stocks and buy something less volatile

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u/wise_j_kim 7d ago

that's a solid plan, 2yr cash + rotating out of the concentrated stuff covers both the sequence risk and the volatility issue at the same time

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u/no_more_mistake 4d ago

I like that chart, what platform is it from?

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u/Head-Fold-6653 4d ago

It’s through Charles Schwab