I'm pretty young and pretty heavily invested in the market (my portfolio is $60k). I have been making a couple thousand a month and have thrown most of it into the market. I made a stupid purchase by buying ~$8,000 in ETH at $2.6k in February. To say I got lucky is an understatement, as the market recovered and I am back to break even. I am thinking about holding for a little bit as the market is rallying then secure profits. Would it be stupid to take this and buy a nice watch? I am in college, my first two years were free. I am now going to a university and have a scholarship 30% off tuition. My parents said they will cover the rest (including housing). I will still have an income source of roughly the same at my new school as my job is all online. I am very thankful for that and my parents. Furthermore, I plan on going to law school which would be a very expensive endeavor. The watch I would purchase would hold its value. For some reason I just feel like I want to get the bug out of me (i've had it since I was 16) to buy a watch and it would be neat to have such a piece at a young age. The confidence boost and removal of this bug to buy a watch I think would be my biggest motives.
I also forget to mention I have a retirement account set up by my job with about $2,000 in it right now.
submitted by /u/Practical-Rip-2066 [comments]
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