Hi all, would appreciate some feedback on my investment strategy. Currently am 23yr working in the pharma industry earning \~$200k annually. I’ve recently decided to put more thought into my capital allocation and now have:
401k: contributing 6% of salary to max my company match, plus they give me a 4% fixed contribution.
Roth IRA: will contribute the max of 7.5k this year via backdoor.
Taxable brokerage: currently invested 36k, will save + invest +25k this year and allocate to: 65% VOO, 20% VXUS, 10% cash in MM, 5% in various speculative investments (I will invest in biotech, given this is risky, I work in this space and have strong belief in LT gain potential).
No debt.
Ultimately, my long term career goal is to acquire a business in the pharma industry, hopefully within 10-15 years from now. I plan to require $400-500k of liquidity to achieve this (assuming like \~20% down on an acquisition cost of $1-2m + operating capital). As such, I’ve decided to prioritize contributions to my taxable brokerage account to prepare for potential liquidation and spend for a business acquisition in 2035-2050.
Just looking for feedback on my current investment allocation and advice from any other bogleheads who have navigated a business acquisition. Many thanks in advance, and appreciate all the support in this sub!