I'm a recent college grad (computer science). I was lucky enough to get into some good investments in college and now have $450K in liquid assets. I've decided I'm definitely moving to San Francisco.
But what should I do with my money? I can get a decent software engineer job that pays $80K and splurge occasionally while investing most of it for retirement.
Or, and I'm leaning more towards this one, I could take a year 'off' and work on building my skillset, my networking and working on freelancing/SAAS/apps that can generate a passive income for me. Meanwhile keeping my eyes open for any good startup opportunity that may come my way.
Assuming I choose the latter, how should I treat my current capital? I think I should start a Roth IRA. Then keep my money 33% aggressive, 33% conservative, 33% fixed income? I expect to spend $50K/year in San Francisco (though while working on generating income sources) and need to keep myself a bit liquid in case a big-ish investment opportunity presents itself.
Am I on the right track? What would you do in my situation?